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Is it too late for small businesses? I see an opportunity

April 6, 2020 1 Comment

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 […]

Filed Under: Business

BREAKING: Kenya Ports Authority MD Manduku resigns, forced to exit, cartels win

March 27, 2020 1 Comment

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 […]

Filed Under: Business

You can now send Mpesa for free, Safaricom announces, boosting fight against Coronavirus

March 16, 2020 15 Comments

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 […]

Filed Under: Business

Eyebrows raised as Coperative bank plans irregular take over of Jamii Bora Bank

March 16, 2020 27 Comments

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 […]

Filed Under: Business

Big win for Governor Ngilu as Government declares Kitui a textile EPZ, mass job opportunities

March 1, 2020 Leave a Comment

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 […]

Filed Under: Business

MPs sing Uhuru’s tune as banks win in interest cap rate

November 6, 2019 Leave a Comment

Banks will now be at liberty to set their own interest rates after MPs failed to overturn President Uhuru Kenyatta’s reservations in the Finance Bill, 2019. According to speaker Justin Muturi, the MPs were unable to raise the required quorum to retain interest caps. Only 160 MPs were present out of the required 233 votes […]

Filed Under: Business Tagged With: Uhuru Kenyatta

Goldenscape merges with Silverstone Property sellers in agribusiness

October 28, 2019 Leave a Comment

From farmers to property owners – Here is how. Local agribusiness company Goldenscape has merged with Silverstone Property sellers to enable investors own land in addition to leasing greenhouses. The offer will see investors own land in prime spots in major towns in Kenya by contributing 85 per cent of Sh500,000 capital of the home […]

Filed Under: Business

Safaricom changes look amid early morning heist

October 23, 2019 101 Comments

Safaricom PLC on Wednesday, October 23, unveiled its new strategy as well as several new products at a colourful event held at the Sarit Centre in Westlands, Nairobi. Marking the 19th year since setting up shop in Kenya, the telco unveiled not only a new data package option but their new strategy moving forward. Firstly, […]

Filed Under: Business

Reverse that unexpected M-pesa or be charged Ksh. 200,000

October 16, 2019 Leave a Comment

Failing to reverse an M-Pesa transaction done by mistake will see Kenyans pay a Sh200,000 fine or be jailed for two years, or both. This is according to Computer and Cyber Crimes Act, 2018 which President Uhuru Kenyatta ratified on Wednesday. Section 34 of the Act targets those who intentionally hide or hold electronic messages, […]

Filed Under: Business

Crucible Courier hit landmark with 2,000 customers nine months after launch

October 10, 2019 Leave a Comment

Nine months after its launch in Nairobi, Crucible Courier and Logistics (www.logistics.crucible.co.ke) reached 2,000 customer deliveries and is already well on its way toward 500 returning customers. “We are thrilled by the response from Kenyans to our on-demand B2B delivery service. Among the 2,000 customers are corporate accounts as well as numerous merchants relying on […]

Filed Under: Business

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