-
The National Treasury. PHOTO/COURTESY Kenyans have been warned to steer clear of a fraudulent investment drive that has been circulating online under the guise of the National Treasury. The bogus poster, which began spreading on Monday, dangled the promise of fast and risk-free profits. It invited the public to commit between Sh10,000 and Sh50,000 with…
-
Kenyans living abroad will now be able to send money home faster, cheaper, and more reliably thanks to a new collaboration between Pesalink, NALA, and Equity Bank. The partnership brings together Pesalink’s instant payment rails, NALA’s global fintech platform, and Equity Bank’s vast local network to simplify last-mile remittance transfers into Kenya. This comes as…
-
Peter Ndegwa. PHOTO/COURTESY Safaricom is turning 25 in October and CEO Peter Ndegwa marked the milestone by reflecting on the telco’s remarkable journey from a Telkom Kenya subsidiary to Kenya’s most valuable enterprise. In an interview with Developing Telecoms at Vodafone UK headquarters in London, he looked back on his five-year tenure and the bold…
-
Tadesse Tessema. PHOTO/COURTESY Kenya will start selling locally assembled electric cars in January 2026, with prices ranging from Sh1.3 million to Sh1.5 million, targeting buyers who now rely on imported second-hand vehicles. The project is led by Ethiopian-born entrepreneur Tadesse Tessema through TAD Motors, which is investing up to Sh1.3 billion in a plant at…
-
Hillary Wachinga and Nicodemus Gekone. PHOTO/COURTESY Kenya Reinsurance Corporation Limited has suspended its Managing Director, Dr Hillary Wachinga, for 22 days Wednesday, and appointed Nicodemus Gekone to steer the company in an acting capacity during the period. The board explained that the decision followed a preliminary review of internal matters which remains ongoing. “In accordance…
-
Naomi Wafula and Celestin Nsanzuwera. A hole-in-one from Kenya’s Naom Wafula provided the defining highlight of the second round at the SportsBiz Africa Golf Championship in Kigali, while home favourite Celestin Nsanzuwera thrilled the crowd with a commanding nine-under-par 63 to seize control of the tournament. Wafula’s ace came on the uphill second hole at…
-
LG Electronics. PHOTO/MAC OTANI LG Electronics has unveiled the LG Best Care Trailer, a 40-foot mobile service unit designed to deliver repairs, diagnostics, and customer support directly to homes and neighbourhoods across East Africa. The trailer unveiled in Nairobi will serve consumers in Kenya, Uganda, Tanzania, and potentially Zambia, offering convenience as demand for LG’s…
-
I&M Shinda Milioni Campaign. What if saving money could actually pay you back? That’s exactly what I&M Bank is doing with its new “Shinda Millioni” campaign. Here’s how it works, and it’s refreshingly simple: • For every Sh2,000 you keep in your account as your average daily balance, you earn 1 point. • Those points…
-
Hillary Wachinga and Nicodemus Gekone. PHOTO/COURTESY Kenya Reinsurance Corporation Limited has suspended its Managing Director, Dr Hillary Wachinga, for 22 days Wednesday, and appointed Nicodemus Gekone to steer the company in an acting capacity during the period. The board explained that the decision followed a preliminary review of internal matters which remains ongoing. “In accordance…
-
Peter Ndegwa. PHOTO/COURTESY Safaricom PLC’s share price touched Sh31.00 on Thursday, setting a new 52-week high and extending a recovery that has more than doubled its market value in less than a year. The stock had slumped to Sh14.10 on November 27, 2024, before staging the dramatic rebound. Data from the Nairobi Securities Exchange (NSE)…