September 05
Kenya: Unlocking Kenyan Fintech Potential - Trends Research Sponsors Africa Fintech Summit 2024
Trends Research, a leading data technology company headquartered in the Innovation Hub, DIFC, Dubai, is excited to sponsor the Africa Fintech Summit 2024, taking place from… Read more »
September 04
Kenya: Labour CS Mutua Addresses JKIA Workers Amid Privatization Concerns
Labour and Social Protection Cabinet Secretary Dr. Alfred Mutua engaged over 1,000 aviation workers at Jomo Kenyatta International Airport (JKIA) on Wednesday, addressing mounting… Read more »
Kenya: County Workers Threaten Strike Over Pay Disparities, Issue 21-Day Notice
Devolved units across Kenya's 47 counties are facing a looming crisis as county government workers threaten to down tools over unresolved pay grievances. Read more »
Kenya: We Should Minimize Bank Accounts, We Don't Need 300 - Gathungu to Counties
The Auditor General Nancy Gathungu has urged counties to reduce bank accounts they operate from a high of 300 to less than 10 so as to eliminate dormancy and ensure the effective… Read more »
Kenya: Concerns Raised Over Kenya's Bloated Wage Bill
Salaries and Remuneration Commission (SRC) Chairperson Lynn Mengich has termed the country's wage bill as bloated, raising concerns over the current 43 percent public wage bill to… Read more »
Kenya: Nairobi CBD Set for Major Overhaul Under Sakaja's New Initiative
Nairobi Governor Johnson Sakaja has announced an ambitious Central Business District (CBD) revitalization program aimed at giving the city center a much-needed facelift. Read more »
Kenya: Fading Protests Boost Kenya's Private Sector Activity in August
Kenya's private sector activity improved last month for the first time since May due to the cooling of the recent anti government protests. Read more »
Kenya: 20 Recruitment Agencies Deregistered for Non-Compliance
Twenty recruitment agencies have been de-registered as the state moves to curb the proliferation of agencies that facilitate job seekers seeking to travel abroad. Read more »
September 03
Kenya: CBK Requests CMA Review of Irregular Trades Involving NSSF
The Central Bank of Kenya (CBK) has requested the Capital Markets Authority (CMA) to investigate irregular trading activities involving the National Social Security Fund (NSSF)… Read more »
Kenya: Kenya Breweries Pump Sh3mn Into Driftwood Sevens
Kenya Breweries Limited (KBL), through its flagship brand Tusker, has handed a Sh3mn sponsorship for the fifth round of the 2024 National Sevens Circuit, the Driftwood Sevens,… Read more »
September 02
Kenya: KAA Reports No Disruption After Workers Strike
Kenya Airports Authority (KAA) has announced that airport operations at the Jommo Kenyatta International Airport (JKIA) remained unaffected early today despite a protest by some of… Read more »
Kenya: Ex-TV Anchor Michelle Morgan Named Bm Securities New CEO
Private security firm BM Security has appointed former TV anchor Michelle Morgan to be the new CEO. Read more »
August 30
Kenya: 11 Percent of Kenya's Clean Energy Supplied By Lake Turkana Wind
Lake Turkana Wind Power generated 1,481 gigawatt-hours of clean energy last year that was injected into the national grid. Read more »
Kenya: Old Mutual Announces Sh327mn Net Profit in H1
Old Mutual Holdings has announced a Sh327 million profit after tax in the six months ending June 30, 2024, an improvement from a Sh195 million loss during a similar period last… Read more »
Kenya: Equity Bank Named Best Bank for SMEs for Second Consecutive Year
Kenya's Equity Bank has been ranked as the best bank for small and medium enterprises (SMEs) in the country for the second year in a row in the 2024 Euro Money Awards. Read more »
Kenya: Govt Looking for New Revenue Sources After Finance Bill Withdrawal
President William Ruto yesterday disclosed that Treasury is looking to raise revenue through other sources after the suspension of the Finance Bill 2024. Read more »
Kenya: Treasury Eyes Expert for Debt Management Role
Treasury is on the lookout for a new head to lead its Resource Mobilization Department, a key division tasked with managing the country's debt and coordinating financial relations… Read more »
August 29
Kenya: Treasury Mulls Tax Exemptions On Pension Savings Up to Sh30,000 Monthly
The National Treasury is considering the incorporation of an exempt pension structure aimed at making the pension sector more attractive, following a nod from the cabinet for the… Read more »
Kenya: Jubilee Declares Sh2 Interim Dividend As Profit Hits Sh2.5bn
Jubilee Holdings has announced an interim dividend of Sh2 per share after its net profit jumped to Sh2.5 billion in the half year ended June 30, 2024. Read more »
Kenya: Mombasa Cement CEO Hasmukh Patel Dies After Short Illness
Hasmukh Patel, the owner of Mombasa Cement, passed on while being rushed to a private hospital in Nyali. Read more »
Kenya: SRC Says Public Wage Bill Down By 4.9pc in Last 6 Years
The Salaries and Remuneration Commission (SRC) has revealed a significant reduction in the public wage bill over the past six years, marking a 4.9 percent decline to 46.6 percent… Read more »
Kenya: Senators Demand New Kcc Assets Register in Quest to End Compensation Dispute By Farmers
Senators have demanded an asset register of the New Kenya Cooperative Creameries (KCC) acquired from the Former KCC to unravel the truth regarding the payment of outstanding… Read more »
Kenya: Why Kenya Needs More Cybersecurity Professionals Urgently
AUG 29 - According to a report released by Kenya's Communications Authority, cybersecurity incidents in the country have skyrocketed, reaching 830 million by 2023. Cybersecurity… Read more »
Kenya: Deloitte Predicts Increased Investment in Kenya Despite Economic Uncertainties
Kenya is among 4 countries, including Nigeria, South Africa, and Tunisia, that continue to be top African investment hotspots. Read more »
August 28
Kenya: Savannah Clinker Outbids Tanzanian Firm to Acquire Bamburi Cement
Savannah Clinker Limited (SCL), a local building and construction sector firm, has outbid Tanzanian company Amsons Group in an effort to acquire full ownership of Bamburi Cement. Read more »