Budget tops priority for Kenya Treasury chief

May. 17 | He has pledged to work with county governors for the success of devolution as outlined in the Constitution/FELIX MAGARANAIROBI, Kenya, May 17 – The Cabinet Secretary for the National Treasury Henry Rotich has officially taken over office with a...

Spell out future strategies to investors – expert

May. 16 | NAIROBI, Kenya, May 16 – Local financial regulators have been challenged to come up with a specific policy that will push companies to prove their sustainability and help Kenyans make proper decisions before they invest in them. Chairman of the...

Nokia seeks share of smartphone pie

May. 16 | Nokia East Africa General Manager Bruce Howe said the two Nokia Lumia 720 and Lumia 520 will retail at Sh29,000 and 16,000 respectively in Kenya/COURTESYNAIROBI, Kenya, May 16 – Smartphones competition in the East African market among manufacturers...

Sh2bn to prop BOA’s foray into retail market

May. 15 | The landmark deal which will be disbursed in two tranches over a period of 12 months seeks to support Bank of Africa’s foray into the retail market segment/FILENAIROBI, Kenya, May 15 – Bank of Africa Kenya (BOA-Kenya) has signed a Sh2 billion...

200 layoffs due at NSSF to improve efficiency

May. 15 | NSSF Managing Trustee Tom Odongo says the fund has already sent home 305 employees and will be letting off the remaining 200 in the coming few weeks/FILENAIROBI, Kenya, May 15 – The National Social Security Fund (NSSF) plans to lay off over 200...

Airtel Tosha gives you flexible bundles

May. 14 | Customers will be able to choose the bundles that fit their unique individual needs for voice calls, SMS and data. Photo/ FILE NAIROBI, Kenya, May 14 – Airtel Kenya has announced the introduction of a new range of affordable, flexible bundles starting...

Safaricom in Sh25.5bn pre-tax profit

May. 14 | The profits were driven by growth in total revenue which went up by 16 percent to Sh124.3 billion/FILENAIROBI, Kenya, May 14 – Safaricom has announced a 47 percent increase in pre-tax to Sh25.5 billion for its full financial year ending March 31,...

Kenya must diversify exports – WB expert

May. 13 | Outgoing World Bank’s Lead Economist Wolfgang Fengler says there is need to push growth of many sectors that will see Kenya export more than it imports goods and services/FILENAIROBI, Kenya, May 13 – The new government has been challenged...

U&I gets deposit-taking licence

May. 13 | The license has been issued pursuant to Section 6 (1) of the Microfinance Act, 2006 and Regulation 5 (3) of the Microfinance (Deposit-Taking Microfinance (DTM) Institutions) Regulations, 2008/FILENAIROBI, Kenya, May 13 -The Central Bank of Kenya (CBK)...

Ruto order on power tariffs welcome – KAM

May. 10 | Kenya Association of Manufacturers (KAM) chief executive Betty Maina says the move comes as a big relief to industry which has been at the forefront in lobbying for a reduction of energy costs in an effort to improve the global competitiveness of local...