Tourism CS Najib Balala has appointed KTN journalist Najma Ismail as Tourism Regulatory Authority Board member to replace Pauline Njoroge whose appointment was revoked today following massive public critism after it emerged that she held a controversial view regarding the existence of the Nairobi National Park. In a statement on Saturday, Tourism CS Hon Balala […]

Tourism Cabinet Secretary Hon Najib Balala has revoked the appointment of political slay queen and Jubilee lead executive blogger Pauline Njoroge to the Board of Tourism Regulatory Authority. Ms Njoroge’s appointment was revoked after Kenyans on social media dug up her previous post/strong opinion on the Nairobi National Park in which she said the Park […]

Photo: Real estate guru Mwenda Thuranila, he is the CEO of Myspace ltd By Ephraim Njega via Facebook The people who used to forecast real estate bubble in Kenya must be really disappointed. As I have argued often for a bubble to burst there must be one in the first place. A bubble situation is […]

East Africa’s telco giant Safaricom has appointed Michael Joseph as its new board chairman. This follows the retirement of Nicholas Nganga after 16 years at the helm of the board (forced to retire?). The telco giant is expected to make the announcement public during its annual general meeting on Thursday at 11 am. The chairman […]

By Property Correspondent Banda Homes Ltd, the leading real estate developer, will hand over its new housing units to investors in September this year. The housing project on its final stages consists of 100 units of three bedroom bungalows master en-suite. Located on Kenyatta road, the new Pinewood estate housing units which were selling at […]

The Laikipia County Government and the Co-operative Bank of Kenya (Co-op Bank) have today launched the Laikipia Enterprise Fund with an initial kitty of Ksh 300 million, to offer affordable financing and business support to co-operatives and entrepreneurs in Laikipia County. To kick-off the Fund, the bank and the county government have entered into an […]

Co-op Bank has been pleased to note that the shareholders of Jamii Bora Bank, have pursuant to an Extra Ordinary General Meeting held on 1st July 2020 unanimously approved Co-op Bank’s offer to acquire 90% of the bank. This will be through the subscription of 224,153,154 new class of Ordinary Shares that would enable Co-op […]

By Silas Gisiora Nyanchwani An Appreciation Post. And some bragging. The first time I understood what the term ‘LANES’ means, was the day, feeling sufficiently romantic enough, I wanted to fetch the missus some good perfume for her birthday (could have been Valentine’s Day). So, I walked to the perfume shop in Capital Centre, and […]

Earlier this year, Absa bank Kenya published its updated fee schedule for banking customers in 2020 showing price cuts in withdrawal fees and entry-level banking. The Kenyan banking market had become highly competitive in 2019, particularly with host of new accounts targeting the entry-level (typically low-income) markets. Following a Kenyan government directive, Absa Kenya waived […]

One of the leading Savings & Credit Co-operatives in Kenya, Harambee Sacco has today launched instant card-issuance to members. This means that members of Harambee Sacco can, from today apply for and instantly receive a Visa Debit card and immediately start using the card to transact in the usual way at any Visa-branded outlet including […]

Kenya’s banking sector showed resilient performance despite the tough operating environment which was largely attributable to persistent revenue diversification. This is according to an analysis of the financial performance of listed banks done by the Cytonn Financial Services Research Team for the first quarter of this year. The report has also carried out a comprehensive […]

The hurried appointment of Safaricom CEO Peter Ndegwa has come back to haunt the board. Insiders say that enraged and bitter Vodafone stakeholders who missed out on the appointment are out to paint a dark picture of Ndegwa, using current board members to blackball him into submission or cause a munity ripple in the orgnaisation. […]

Current Capital Markets Authority (CMA) chairman James Ndegwa has appointed Paul Murithi Muthaura, the former CMA CEO as the chief operating officer (COO) of ICEA Lion Insurance, a firm associated with the former. The post was recently created to accomodate the lawyer, who has been out in the cold without a job since he left […]

BREAD, PESTICIDES AND COOKING GAS TO BE CHARGED VAT Kenyans will be shocked next week when the Tax Laws (Amendment) Bill, 2020 is brought before parliament next week. This is the bill meant to legislate the tax measures that Uhuru announced as his economic response to the COVID 19 fight. While the overall VAT has […]

By Naftal Nyabuto I have spoken to hundreds of small and medium businesses on what I call ‘the spider economy’ , and ‘loyalty program’ on the subject of business process disruptions for years now. Customer centric solutions are here with us and they are going to Tsunami anybody trying to resist .Unfortunately ,that disruption has […]

Kenya Ports Authority (KPA) Managing Director Dr Daniel Manduku has resigned barely days after his arrest over an alleged corruption scandal. Manduku, in a letter to Transport Cabinet Secretary James Macharia dated March 26, 2020, said he had come to the decision after deep introspection and lengthy consultations. The embattled MD, while saying the opportunity […]

Safaricom on Monday announced it will waive fees for MPesa transactions below Sh1,000 following the outbreak of Coronavirus. The giant telecommunication firm CEO Michael Joseph said they arrived at the decision after meeting with Central Bank of Kenya Governor Dr. Patrick Njoroge and other industry players to discuss the evolving situation around the COVID-19 (Corona […]

BY correspondent The proposed acquisition of struggling Jamii bora bank by cooperative Bank of Kenya is raising eyebrows in the financial sector given the Cautionary statement attributed to the takeover. Insiders’confide that the bank is literally in the red and cooperative bank is going for nothing g but a paper purchase. The woes bedeviling Jamii […]

By Dennis M In yet another milestone for Kitui County, Kitui County EPZ Limited has been gazetted to be situated at Syongila area. The Kitui County EPZ Limited will host Kitui County Textile Centre (KICOTEC) which will now enjoy the coveted EPZ manufacturing status. The gazettement will open a floodgate of opportunities for Governor Charity […]