Category: Business
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The government has revived its subsidised gas cylinder distribution programme, seven years after a similar initiative collapsed. In a public advertisement published in the September 9 edition of MyGov, the Ministry of Energy and Petroleum, through the State Department for Petroleum, invited credible companies to submit Expressions of Interest (EOI) for financing, purchasing, and distributing…
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Immigration and Citizen Services Principal Secretary Dr. Belio Kipsang has outlined how Kenya’s e-Citizen platform operates, revealing that three companies were competitively contracted to maintain the government’s flagship digital service delivery system. In a TV interview, PS Kipsang defended the selection, emphasizing that the firms were chosen through a proper procurement process and possess the…
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Kenya is set to host the Kenya Micronutrient Fortification Index (KMFI) Awards 2025 to recognise food millers excelling in fortifying staple foods such as wheat flour, maize flour and edible oils. The event, organised by Millers for Nutrition (M4N) in partnership with the Cereal Millers Association (CMA), is scheduled for September 16 in Nairobi. It…
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Gakuyo Real Estate, the Infamous Kenyan real estate company, is back but under a new name. Reports indicate the company associated with controversial clergyman Bishop David Kariuki Ngari alias Gakuyo of Calvary Chosen Centre has rebranded and changed its name to New Gakuyo Real Estate. The rebranded company is said to be selling plots situated at…
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Kenya has been named one of the unhappiest countries in the world by a new report by United Nations. Kenya has been ranked 124th out 156 countries in the 2018 United Nations World Happiness Report. Kenya however faired well compared to its Eastern Africa counterparts, Uganda (135) Sudan (137), Rwanda (151), Tanzania(153), South Sudan (154)…
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Treasury Cabinet Secretary Ukur Yatani has disputed reports that Kenya defaulted on payment of Chinese loans provided for the construction of the Standard Gauge Railway (SGR). Citing Treasury documents, Business Daily reported on Thursday that Chinese lenders fined Kenya Sh1.312 billion ($10.8 million) for loan defaults in the financial year ended June. But in a…
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The government through Kenya Revenue Authority (KRA) has recovered assets worth $1.3 million (Sh140 million) stashed abroad. The illicitly acquired funds were seized through international cooperation, according to the Tax Transparency in Africa 2020 Report. The recovery follows the signing of the exchange of information (EOI) treaties on the continent over the last five years.…
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Safaricom’s launch of “Bundle ya Deree and Ofa ya Boda Boda packages. PHOTO/MAC OTANI Boda boda riders and online taxi drivers are set to access cheaper mobile services, fuel discounts, and safety support through two new packages unveiled by Safaricom on Tuesday. The offers, named Ofa Ya Boda Boda and Bundle Ya Deree, aim to…
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Central Bank of Kenya. PHOTO/COURTESY The Central Bank of Kenya (CBK) has successfully attained the ISO/IEC 20000-1:2018 Certification for its Information Technology Service Management (ITSM). CBK announced the achievement on Tuesday. “The Central Bank of Kenya (CBK) announces that it has successfully attained the ISO/IEC 20000-1:2018 Certification for its Information Technology Service Management (ITSM),” the…
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Simon Bransfield-Garth and Snehar Shah. Kenya’s financial sector is staring at a technology revolution that could redefine how banks compete, reduce their costs, and attract more customers and serve them better. However, despite recognising its potential, most banks in the country are slow to adopt Artificial Intelligence (AI) hence missoing out on opportunities that abound.…