July 27th 2017

News



The Chinese billionaire said that Africa's poor infrastructure, social, economic and political situation should be a source of innovation for most entrepreneurs, just as lack of e-commerce in his home country inspired him to start one of the biggest online marketplaces.


KAM Launches EAC Intellectual Property Rights Regime Study

Lucy Mwihaki | Friday, 21 Jul 2017 07:59 EAT

KAM has been a key stakeholder in championing the war against counterfeiting in Kenya by supporting the Anti-Counterfeit Agency (ACA) as well as promoting EAC regional integration through the Association’s vigorous advocacy work.


Multi-million grant awarded to improve world slum healthcare

Free Press Correspondent | Thursday, 20 Jul 2017 08:10 EAT

The project team will map current health services and facilities and understand how these are used in six slums across Asia and Africa. They will identify the costs associated with how the health services run in each slum, including costs to the patients and their households.


Inflation to decline supported by lower food and fuel prices

Free Press Reporter | Tuesday, 18 Jul 2017 17:37 EAT

Growth of credit to the private sector fell further to 2.1 percent over the 12 months to May 2017, partly due to significant repayments in manufacturing, transport and communication, and developments in the trade sector.


Coca-Cola reorganizes southern, eastern Africa operations

Free Press Reporter | Saturday, 15 Jul 2017 14:29 EAT

Swaziland and Lesotho will be part of South Africa's operations while Botswana, Zambia, Zimbabwe, Malawi, Namibia, St Helena and Angola become part of the East Africa block of markets which include Kenya, Tanzania, Uganda, Ethiopia, Mozambique, Djibouti, Somalia, Somaliland and Eritrea.


Equity Bank Kenya caters to SMEs and large corporates through its Supreme Banking offering with branches in key locations such as Nairobi’s (Upperhill, Gigiri, Lavington and Kilimani) ; Kisumu; Mombasa, Nakuru, Eldoret among many other major towns in Kenya.


KAM, CRA launch integrated devolution data portal

Julliet Mwihaki | Thursday, 13 Jul 2017 12:29 EAT

The portal will serve as a central national repository for information on county legislation and devolution related issues in all the 47 counties thereby playing a vital role in public awareness by serving as a source of information on key revenue laws, county revenue enhancement measures and county


Witnesses said they heard the plane coming down with a funny sound. “It roared funnily before it crashed and rolled disintegrating moments after take-off,” said a witness. The scene of the crash is about two kilometres from the airport.


The Standard Chartered branches that will be affected include, Bungoma, Kisii, Kitengela and Warwick (Nairobi). The bank says the move is pegged on the digital transition.


Thousands turn up for the annual Safaricom Diabetes Walk

Mary Muthoni | Tuesday, 11 Jul 2017 15:55 EAT

Since its launch 15 years ago DMI Centre has been carrying out awareness campaigns that include community screening drives, training of school teachers and peer educators, as well as provision of insulin kits to children living with diabetes at no cost.


The former powerful cabinet minister Biwott passes on at 77

Lucy Mwihaki | Tuesday, 11 Jul 2017 14:09 EAT

Mr Biwott fought for the leadership of Kanu with President Uhuru Kenyatta before finally forming his National Vision Party of Kenya (NVP). Things changed and he had endorsed Mr Kenyatta for a second term in office and was one of the key opinion leaders he was relying on to campaign in the North Ri


2017 Kenya music festival national level competitions

Free Press Reporter | Tuesday, 11 Jul 2017 10:20 EAT

This is the second time for the CBK to participate, in the context of the CBK’s 50th anniversary, as Title and Thematic Sponsor of the Music Festival.


Through the new launched service *622#,it will help the artist by accessing monthly revenue report detailing the number of Skiza tunes and the revenue generated per song. This will be sent via email by the 5th day of every month.


Dubai Tourism conducts multi-city road show across East Africa

Njuguna Kiru | Friday, 07 Jul 2017 11:34 EAT

The series of events are to showcase Dubai’s expanding proposition of affordable luxury experiences to key travel partners in the East African region, spanning across travel, accommodation, entertainment and events in the city, and placing a focus on family travel.


Public Service Company goes the luxury way to lure clients

Jackson Okata | Friday, 07 Jul 2017 09:57 EAT

It’s an innovation that has attracted many customers to an extent that the company has introduced direct fleets to the Syokimau Standard Gauge Railway-SGR terminus from Nakuru town.


Upcoming artists storm political arena and make their intentions known

Julius Chemitei | Thursday, 06 Jul 2017 14:06 EAT

Top on his agenda has been youth empowerment programs especially among the youth who hardly get the capital to start up business in the steadily growing Tanzanian Economy.


New competition targeting young scientists unveiled

Lucy Mwihaki | Thursday, 06 Jul 2017 09:37 EAT

The Ministry of Education has for the last 53 years coordinated the Secondary Schools Science Congress, now known as the Kenya Science and Engineering Fair (KSEF) as the only science co-curriculum activity for Kenyan schools in the country.


Politicians urged to drive the industrialization agenda

Trizza Kimani | Wednesday, 05 Jul 2017 14:23 EAT

The agenda aims  to centralize the economic agenda of this country in current and future political narratives. This includes the need to double jobs, double exports, increase foreign exchange earnings and raise manufacturing share of GDP to 15 per cent by 2020.


The theme of this year’s conference is “Partnerships for Innovative Energy Solutions”.  Global trends point to the need for strategic partnerships to solve complex emerging challenges for organizations that intend to win big in the marketplace.


BLAZE BYOB Season Two on the go.....

Julliet Mwihaki | Tuesday, 04 Jul 2017 10:30 EAT

Nine contestants from Meru County qualified as blazers and are now hopeful to join the BYOB TV series for competition with others who will be selected in the other remaining 5 summits set to be held in different towns across the country.


First Safaricom regional summit takes place in Meru County

Lucy Mwihaki | Monday, 03 Jul 2017 13:11 EAT

As the final part of the Creation Camp and ahead of the summit, all participants, mentors and performing artists, went into five pre-identified high schools and had a 1-hour mentorship session and gave out a donation as part of the CSR projects.


CBA loop to target budding entrepreneurs

Cynthia Gitau | Friday, 30 Jun 2017 15:53 EAT

The first event of this series was held on Friday 16th June at the Garden City Loop Store where participants were selected from the 52 Week Savings Challenge Group.  A group on Facebook that has evolved into a platform for entrepreneurs to share ideas, experiences and information.


EAC Brand architecture design completion launched in Nairobi

Lucy Mwihaki | Friday, 30 Jun 2017 15:10 EAT

The Ministry Official affirmed that, “EAC is expanding because it is attractive and progressing, as its benefits are visible like the Single Customs Territory (SCT), a Common Market, a common higher education area, One Stop Border Posts, and so many others”.


The winning teams will each walk away with Kshs1 M (one million) and a trip to London in April 2018 during which they will get a chance to have mentorship sessions with Wanyama, visit a youth training camp and watch a live game.


KAM, GIZ launch TVET Programme in Central Kenya

Julliet Mwihaki | Friday, 30 Jun 2017 10:05 EAT

The Kiambu County TVET Deputy Director, Mr Wilfred Nyarangi pointed out that partnership between TVET institutions and industry are key in offering skills relevant to the labour market.


As the final part of the Creation Camp and ahead of the summit, all participants, mentors and performing artists, will go into five pre-identified high schools and have a 1-hour mentorship session, as part of the CSR projects.


Kenyan-born and raised, Rob Stevenson is the organiser of Kenya's Last Male Standing (LMS) Rhino Cup for the past 3 years, and set up LMS to help rhino conservation in Kenya and cricket development.


Consumer wallet will empower businesses with the requisite insights to arrive at more strategic decisions, and with deeper understanding of their customer needs. The service will be available on both a subscription and license basis.


Viva Global celebrate new partnership with Moet-Hennessy

Mary Muthoni | Wednesday, 28 Jun 2017 14:34 EAT

Mr Rupen Samani started the company as a hobby when he was only 18 years of age, whereby his father decided to support him in making his dream come true.


Building planned dams will significantly and irreversibly damage the environment

Free Press Correspondent | Wednesday, 28 Jun 2017 11:59 EAT

The study, published in the latest edition of Nature  (Volume 546 Number 7658), the world's top-ranked journal, analysed the impacts of 140 constructed and under-construction dams and the potential impact of 428 built and planned dams on the rivers of Amazon.


Private sector confirms Kenya as Africa’s leading commercial and trade hub

Free Press Reporter | Tuesday, 27 Jun 2017 09:39 EAT

This improvement is attributed to the government’s efforts to simplify procedures for setting up businesses, as well as improving access to credit and protecting minority investors.


CBK grants licence to Mayfair Bank Ltd to operate banking business in Kenya

Free Press Reporter | Saturday, 24 Jun 2017 14:26 EAT

The entry of Mayfair Bank Limited will broaden the choices available to the Kenyan banking public and enhance the competitive environment in the banking sector.


The website also provides consumers with a simplified, as well as an advanced Total Cost of Credit (TCC) calculator to inform consumers of their decision-making prior to taking up loan products.


But the shocking empty shelves of supermarkets comes under the backdrop of reports that 1.2 million bags of maize arrived in the country on Monday this week aimed at addressing the crisis.


Quality, productivity and profitability are inseparable and all serve the purpose of making service operations efficient


Safaricom sponsors World Para-Athletics and World Championship trials

Free Press Reporter | Thursday, 22 Jun 2017 12:37 EAT

The National World Athletics Championships, on the other hand will field athletes in long and short distance races as well as other field events


Craft Silicon’s Little expands services outside Nairobi

Free Press Correspondent | Thursday, 22 Jun 2017 10:40 EAT

Customers can access Little Services by downloading the App from their Android play store, Windows phone store or iPhone App store


The jury reviewed over 200 nominations from 43 countries. After careful consideration, the finalists were selected for their extraordinary, innovative work to advance respect for diversity


ONE launches one-stop data tracking tool to reveal needs of world’s refugees

Free Press Correspondent | Thursday, 22 Jun 2017 09:17 EAT

The current humanitarian data system is struggling to offer an accurate picture of the impact of displacement on those forced from their homes and the countries that host them, ONE’s research revealed


Designed specifically to address education challenges in more rural areas, the SPIS is equipped with tablets, an electronic smart board and Internet connectivity


Safaricom announces new Brand Proposition

Lucy Mwihaki | Tuesday, 20 Jun 2017 13:09 EAT

Listed on the Nairobi Securities Exchange and with annual revenues in excess of Kshs 200 Billion, Safaricom invested Kshs 38 billion in building its network last year, providing over 80 per cent of Kenya's population with 4G, 3G and 2G coverage.


Safaricom increases SKIZA earning for Kenyan Musicians by 36 per cent

Julliet Mwihaki | Tuesday, 20 Jun 2017 12:31 EAT

The legal assistance will empower artists when it comes to negotiating their contracts with the various parties, allowing them to do so from a more informed view


The new product gives airlines end-to-end trip engagement via mobile, allowing them to develop more valuable and lasting relationships with their customers


Kenya trade expo in Ghana to boost intra-African trade

Lucy Mwihaki | Monday, 19 Jun 2017 16:54 EAT

According to the World Bank Doing Business Report 2016 Ghana made trading across borders easier by upgrading infrastructure at the port of Tema, and reducing the documentation and border compliance time for importing


CBA to acquire Crane bank Rwanda Limited

Free Press Correspondent | Friday, 16 Jun 2017 11:27 EAT

CBA is the largest privately- owned bank in East Africa and has been operating for over 54 years. CBA has a proud heritage and history as a refined financial services provider and through this acquisition is responding to the growing needs and desires of the bank's customers within the region


WorldRemit currently sends money to more mobile money accounts than any other operator in the world, enabling migrants to send money from their smartphones to the mobile phones of friends and relatives in over 140 countries.


Kericho resident wins BMW X1 in Kenya Breweries promotion

Joshua Mwangangi | Monday, 12 Jun 2017 17:01 EAT

This year over 290,000 people participated in the Red Dot Targeted Consumer Promotion, compared to 78,000 in the first edition of the promotion in 2015, affirming the brand’s crucial role to engage its customers


“Equity started with brick and mortar approach, opening branches in remote areas. The bigger question was how to get even closer to the people? This led to the introduction of the Agency Banking, and now, being next to the people, Equity has made going to a bank much less intimidating,” she said.


"Football is just one opportunity that allows us a company to connect with our customers around their content they love. We look forward to the start of the new season where we will continue to deliver the world’s most watched football leagues to our subscribers,”said Mr Wahome.


Safaricom to pilot 4G+, the most advanced network in Africa

Free Press Reporter | Sunday, 04 Jun 2017 14:15 EAT

4G+ technology allows peak download speeds of 150Mbps, while 4G is at 60-100Mbps. A 30-minute HD video takes a little over two minutes to download on 4G+, compared to eight minutes on standard 4G.


Safaricom puts Sh65 million in community sports initiatives

Free Press Correspondent | Sunday, 04 Jun 2017 14:06 EAT

“We use the event as a platform to promote the rights of disabled people, community integration and also as a platform for nurturing upcoming talent,” said Gideon Gachara, the Race Coordinator.


The Committee concluded that overall inflation is expected to remain above the Government target range in the near term due to elevated prices for some food items. Nevertheless, the prevailing policy stance had reduced the threat of demand driven inflation.


Troubled pyrethrum company strategizes to increase production

Jackson Okata | Tuesday, 30 May 2017 16:50 EAT

In a  press release sent by the company management  farmers are now advised to  expand their crop acreage by using pyrethrum seedlings available in PPCK’s established nurseries through respective field officers and also utilize inter crop transfers.


The SDGs are a new universal set of goals, targets and indicators aimed at ending poverty, protecting the planet, and ensuring prosperity. They were adopted by UN member states in September 2015.


Coop Bank announces Sh12.7 billion profit, 50pc capital raise

Jack Otwala | Saturday, 27 May 2017 14:25 EAT

“We are confident the ‘Soaring Eagle’ transformation project’ will continue to provide us with the agility and resilience to achieve our strategic objectives even in the current tight operating environment,” the CEO said.


Manufacturers' lobby launches TVET programme in Mombasa

Liza Makena | Wednesday, 24 May 2017 14:36 EAT

"I am glad to note that over 15 industries in the coast region have committed to take up interns and upgrade employees’ technical skills. We will also place over 60 graduates in industries in the coast region by June 2017,” said KAM Coast Chapter Chair Jinal Shah.


The aircraft, a next-generation turboprop, is renowned for steep approaches and short take-offs. These features make it suitable for use in domestic airports such as Diani, Malindi and Manda, as well as other airports in the East African region with relatively short runways


To participate, consumers must purchase 200ml, 300ml or 500ml returnable glass bottles of Coca-Cola, Fanta or Sprite and check under the yellow crowns for an eight-digit alphanumeric code. They will then send an SMS with the code to the short-code number 40111.


Safaricom opens regional hub for Eastern Kenya

Cynthia Gitau | Monday, 22 May 2017 17:50 EAT

To support the regional centre, the Kitengela shop will become the eighth standalone shop located in the region. In line with expanding population growth in the area, the shop will enhance customer experience while allowing customers to access Safaricom products and services conveniently.


Preparation continues for the CBA concour d'elegance 2017

Mary Muthoni | Saturday, 20 May 2017 16:11 EAT

Mr Pasha said that the success of the CBA Concours d’Elegance in Kenya has motivated CBA to sponsor the Uganda Classic and Vintage Auto Show in Kampala which will be held on Saturday 29 July at the Sheraton Hotel grounds in the Ugandan capital.


"Kenya is a perfect placed to be based due to its central African location and lively innovation scene. It is an honour to hand over the leadership of the Kenyan company to a CEO as experienced and accomplished as Adil”.


Speaking at the forum, the Cabinet Secretary, Ministry of Public Service, Youth and Gender Affairs Ms Sicily Kariuki, stated that the contribution of women to national development is key for the growth of the country.


PayPal grows in Kenya, driving 70pc of Equity Bank's diaspora revenues

Joshua Mwangangi | Tuesday, 16 May 2017 13:39 EAT

People prefer using PayPal because it is accepted on multiple platforms and is very secure. Once you’re registered and verified, you can buy items and make payments without having to enter your credit card details each time or requiring one to share their financial information with the sellers.


Fidelity Bank finally acquired by SBM Group of Mauritius

Jack Otwala | Thursday, 11 May 2017 10:00 EAT

Welcoming this acquisition, CBK Governor Patrick Njoroge said, “The entry of SBM Group into Kenya provides a welcome impetus to our banking sector. SBM will bring its experience and expertise from Mauritius and other markets, to enhance the competitiveness and resilience of Kenya’s banking sector".


The new service will enable customer to tap a special cards on a special machine at a point of sale and will be required to enter their M-PESA pin to complete the transaction. It sallow clients a high level of privacy since it will reduce errors that occur when payments are made at unintended till n


Japanese Emperor Akihito Awards CS Mohamed

David Jagongo | Wednesday, 10 May 2017 12:50 EAT

Ms Mohamed was instrumental in Kenya’s successful hosting the Sixth Tokyo International Conference on African Development Summit (TICAD VI) in Nairobi in August 2016. This was the first time ever for the conference to be held on African soil.


Guinness to reward loyal customers in new promotion

Cynthia Gitau | Monday, 08 May 2017 21:57 EAT

The system will then randomly select winners who will get a response of ‘SUBBED' or 'PLAY ON'. If the consumer is SUBBED, he/ she will then receive Instant airtime of either Sh100, 250, 500 or 1,000.


Equity Bank dominates Think Business Banking Awards

Liza Makena | Monday, 08 May 2017 12:31 EAT

“We aim to retain this victory in the future and translate this success into a deeper emotional connection with our customers by giving them freedom, choice and control with our product and service offering,” Dr Mwangi added.


Equity Bank teaches 5,000 students on good saving and investing habits

Priscillah Wanjiru | Wednesday, 03 May 2017 12:32 EAT

Equity branch managers of the respective branches led their teams in teaching and educating students how money management can help them gain financial freedom, and prepare them for the future. They encouraged the learners to start making the right financial decisions now.


Chase Bank sale attracts huge interest from Kenyan, foreign players

Cynthia Gitau | Tuesday, 02 May 2017 21:20 EAT

"The Shortlisted Investors and other respondents have been informed of the outcome of this process. Shortlisted Investors will be granted access to comprehensive confidential data that will allow them to develop a formal proposal for taking an equity interest in CBL," said the statement.


KenGen launches 158MW Olkaria V geothermal power plant

Nyambura Muthoni | Friday, 28 Apr 2017 17:27 EAT

The groundbreaking ceremony for Olkaria V also coincides with the commissioning of 75MW of Wellhead Units which is a success story in KenGen’s efforts to scale up the provision of green, reliable and affordable energy in the fastest way possible for national development.


French government, KAM provide green energy financing in East Africa

Priscillah Wanjiru | Friday, 28 Apr 2017 12:41 EAT

Cooperative Bank of Kenya, Diamond Trust Bank and Commercial Bank of Africa have enlisted as partner banks to the programme in Kenya, while Diamond Trust Bank (Uganda) and Bank of Africa (Tanzania) are the other partner banks in the region.


CBK has now welcomed the entry of international brands such as DIB into the Kenyan Banking Sector which will improve the sector and expand the offerings in the market. This also signifies the first entry of UAE Bank in Kenya to support the long-standing economic ties between Kenya and UAE.


Equity Bank rated most socially devoted financial brand in Kenya

Joshua Mwangangi | Tuesday, 25 Apr 2017 11:22 EAT

The Bank continues to invest heavily in social and digital platforms in a bid to reach out to its targeted audience and meet business objectives in different locations given its presence in six African countries and a wide network of branches.


Regulator wants answers from Safaricom on service interruption

Jack Otwala | Monday, 24 Apr 2017 16:44 EAT

CA director general Francis Wangusi said the regulator was reviewing the cause of the service interruption and would take action on Safaricom if it finds that the problem arose from technical failure. "We are waiting to get an explanation on what happened," he said.


World Bank launches Africa digital business acceleration program

David Jagongo | Thursday, 20 Apr 2017 18:02 EAT

The Group unveiled the the development in a news dispatch from Washington, distributed by the African Press Organization. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,000 and $1.5 million.


KEBS introduces special quality mark for Import goods

Jackson Okata | Thursday, 20 Apr 2017 17:42 EAT

The MD said that in order to expand testing capability in the country KEBS is in the process of establishing more laboratories in Kisumu, Eldoret  and Kisumu. He noted that the move will reduce cost for traders who at the moment have to travel to Nairobi to have their products tested.


Safaricom launches ‘TUNUKIWA’ promotion to reward loyal customers

Cynthia Gitau | Wednesday, 19 Apr 2017 18:23 EAT

To participate in the promotion, customers will be required to dial *444# from their Safaricom line to view daily offers. They can decide which bundle best suits them. Once they purchase their preferred offers, their airtime will be deducted from their airtime.


The report, which focuses on multinationals looking at entering, or already present, in Middle East and Africa, indicates that there was a 17 percent increase in the number of Fortune 500 companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa.


The new online booking tool is a one stop shop for travelers, offering seamless access to services such as flight bookings and information, access to accommodation options and booking, insurance among other services.


NIVEA rolls out new antiperspirant in Kenyan market

David Jagongo | Friday, 07 Apr 2017 16:53 EAT

“Today’s woman wants a deodorant that will fully protect them while at the same time caring for their underarm skin,'' said Beiersdorf Marketing Director for Central, East and West Africa, Francis Afulani.


The Big Bolero Pick Up is a 9 foot cargo body vehicle retailing at Sh1.95 million per unit is also available on a pay-as-you-use arrangement, which Kotecha described as a flexible leasing solution.


Chandaria Industries wins 2017 Energy Management Awards

Cynthia Gitau | Tuesday, 04 Apr 2017 18:10 EAT

“We need to embrace energy efficiency as a nation in order to save on energy costs and achieve vision 2030. As a ministry, we have invested about Sh360 million in energy management. We are doing almost 50 percent of our energy from geothermal sources and about 40 percent from hydro sources,” said En


The budget also proposed other tax measures aimed at growing local industry and enhancing our competitiveness. To cushion the local manufacturers of pesticides input, the government proposed to exempt these products from VAT, and to include 16 percent tax on all pest control imported products.


Safaricom opens 46th retail shop at Two Rivers

David Mutua | Friday, 31 Mar 2017 21:58 EAT

The Safaricom Two Rivers Retail Shop will cater for clients of Two Rivers Mall as well as the catchment areas of Ruaka, Redhill, Kabuku, and Limuru reducing the very heavy footfall experienced in Village Market Shop which will remain operational.


CBK blocks Chase Bank owners from buying back bank

David Mutua | Thursday, 30 Mar 2017 17:04 EAT

In an announcement that came on the same day that CBK extended the appointment of the KDIC as the receiver manager for Chase Bank (IR), the regulator invited interested investors to present an initial Expression of Interest (EOI) to take an equity interest in Chase Bank (IR).


Total Kenya records Sh3.9 billion profit before tax

Cynthia Gitau | Wednesday, 29 Mar 2017 12:32 EAT

“The improved financial performance has mainly been driven by action plans set by management to grow the business in all segments, effective management of working capital requirements, costs, cash, and investments in safety and profitable business ventures,” said CEO Anne-Solange Renouard.


Expo on energy efficiency kicks off in Nairobi

Edith Kariuki | Wednesday, 29 Mar 2017 12:11 EAT

"KAM has played a key role in steering this course to ensure that industries and domestic users take up energy efficiency measures. That will ensure we achieve our sustainability goals. To this effect, the Government has channeled Sh360m towards energy conservation and efficiency," the PS said.


European Investment Bank gives Sh10.45 billion for East African entrepreneurs

Priscillah Wanjiru | Wednesday, 29 Mar 2017 10:04 EAT

Equity CEO James Mwangi said, "With this facility we will be in a position to support up to 1000 regional companies with an average loan of nearly Sh10 million each thus assisting develop local entrepreneurs to compete at regional level furthering integration and cross border trade."


Speaking during the release of the group’s full year financial results for 2016, Britam Group Managing Director Dr Benson Wairegi said that the Group had unveiled a new strategy that will help propel the company to the next phase of growth.


High Court extends Imperial Bank's statutory management

Jack Otwala | Friday, 24 Mar 2017 19:55 EAT

This followed agreement between the shareholders, Kenya Deposit Insurance Corporation (KDIC) and Central Bank of Kenya (CBK), that it was necessary for the KDIC to be accorded more time to resolve the receivership.


Govt, industry study urges Kenyans to pay debts

Nyambura Muthoni | Thursday, 23 Mar 2017 18:06 EAT

"We welcome the idea of the government stepping in as a regulator; it will be a win-win situation for all of us. The challenge for suppliers has been in trying to understand why there are cash flow issues, whereas goods in the supermarket are bought in cash", he said.


StarTimes Digital introduces new product in Kenyan market

David Jagongo | Monday, 20 Mar 2017 15:08 EAT

StartTimes, who have operated in Kenya for five years, said StarTimes Digital TV is also designed to save upto 50 percent power, allowing subscribers to enjoy better viewing experience with less living costs.


Kenya to get two more commercial banks, taking number to 44

Edith Kariuki | Monday, 13 Mar 2017 16:56 EAT

"The entry of these banks on the fulfillment of all the pre-licensing conditions will expand the range of banks’ business models and underscore Kenya’s growing stature as a regional financial services hub," CBK said.


Hass Group to build Africa's tallest building in Nairobi

Martha Kwamboka | Friday, 10 Mar 2017 09:31 EAT

The record-breaking mixed use development will include Grade A offices, a 5-star Hilton hotel, plus a luxury retail and entertainment complex. Standing over 300 metres high with 67 storeys, the tallest tower is designed to represent the height of African achievement.


In-Vitro Laboratory to boost environment conservation efforts

Cynthia Gitau | Wednesday, 08 Mar 2017 17:50 EAT

The second phase will involve the development of a log yard, a saw mill, workshops and fuel stations, a timber processing industry and warehouses. This will be geared towards processing timber bought from households engaged in Melia Volkensii plantations.


KenGen to turn 92-year-old antique hydro-power plant into heritage site

Nyambura Muthoni | Wednesday, 08 Mar 2017 17:38 EAT

“The hydro-power plant and its associate external components like the dam, Thika River and the water falls, which will form the basic display areas, will be preserved with minimal changes so as to present them in the most authentic manner,” said Dr. Kibunjia.


Dutch firm to introduce high-yielding potato variety in Kenya

David Jagongo | Tuesday, 07 Mar 2017 13:33 EAT

The millions of small-scale farmers in Africa who grow potatoes to provide themselves with sustenance buy their seed potatoes on the local market. The average yield per hectare ranges from 5 tonnes of potatoes per hectare in Uganda to 15 tonnes in Kenya.


Riding on more power out, KenGen expects increased profits

Cynthia Gitau | Monday, 06 Mar 2017 14:56 EAT

The project to be funded by the Japanese International Cooperation Agency (JICA) to a tune of Sh40 billion will inject an additional 158MW to the national grid. It involves construction of two geothermal power units of 79MW each.


Kenyan mango farmers urged to take advantage of Chinese market

David Jagongo | Sunday, 26 Feb 2017 16:24 EAT

He was quick to take note of the fact that most Kenyan mango-growing farmers did not have the capacity to grow the fruit in large quantities for export. "We are ready to help the farmers through  improving capacity, value addition, transfer of technology and opening up of the Chinese market.


French govt initiates fund to green East Africa industry

Jack Otwala | Friday, 24 Feb 2017 18:28 EAT

SUNREF East Africa includes a provision for green credit lines provided to local banks in the three countries i.e. Kenya, Uganda and Tanzania of more than Eur 35 million. BOA-T is the first bank to sign for a USD11 million credit line dedicated to energy efficiency and renewable energy sector.


Equity Bank expands Tanzania footprint with Zanzibar branch

Jack Otwala | Monday, 20 Feb 2017 09:28 EAT

Equity Bank Tanzania currently has 14 branches in operation, spread in Dar es Salam (Quality Center, Kariakoo, Golden Jubilee, Supreme, Mwenge, Temeke and Mbagala), Arusha, Mwanza, Dodoma, Moshi, Mbeya, Diaspora and Zanzibar.


Kenya Power, manufacturers meet to boost working relationship

Jack Otwala | Friday, 17 Feb 2017 10:49 EAT

"We have held regular engagements with our industrial customers under KAM in all regions across the country which has resulted into efficient utilization of power by industry thus enhancing energy security in addition to reduced complaints from our industrial customers,” said Kenya Power MD Ken Taru


Banks launch mobile money platform, but MPesa remains king

Priscillah Wanjiru | Thursday, 16 Feb 2017 16:10 EAT

While there is a big number of using mobile platforms to move money through bank accounts, most users of the services reside in remote villages and have no bank accounts.


CBK wins top global award for its new website

Jack Otwala | Thursday, 16 Feb 2017 09:10 EAT

CBK Governor Patrick Njoroge said of the award: "In the redesign, CBK took into account the fact that the website is a key channel through which the institution seeks to provide diverse audiences with timely and accurate information on its mandate and policy actions.


President Kenyatta woos Slovakian investors to Kenya

Liza Makena | Tuesday, 14 Feb 2017 17:19 EAT

In technology, the two countries hope to share innovations, especially around the ease of doing business and money transfer. “Kenya is known for its tea and coffee, but it was fascinating to learn that the transfer of money in Kenya is much easier compared to Europe,” said Mr Kiska.


"Meeting like this ensure that we are aligned as a system, operating in unison to achieve a shared goal, allowing us to build both capacity and capability of the business and of our people," Mr Balogun said.


Renault unveils new SUV to rival RAV4, X-Trail and Pajero Mini on Kenyan roads

Free Press Correspondent | Thursday, 09 Feb 2017 16:08 EAT

“It’s absolutely stunning to look at with some striking features that are further enhanced by the awesome LED daytime running lights. Drivers will be hard pressed to get a better deal on a mid-sized SUV," he said.


Longhorn targets 10 million learners with exam revision app

Tobbie Wekesa | Sunday, 05 Feb 2017 19:24 EAT

Longhorn’s digital offering compliments the Sh17bn Government Digital Literacy Programme which aims to deliver 1.2 million tablets and laptops in 23,000 public primary schools.


Housing Finance to help non-salaried people access mortgages

Tobbie Wekesa | Sunday, 05 Feb 2017 19:18 EAT

A 2014 study by salary explorer found that an average salary in Kenya was Sh147,182, making it difficult for such individuals to set aside 30 percent of their earnings to comfortably service an average mortgage of Sh7.5 million.


Job creation is the main priority for manufacturers in 2017

Free Press Reporter | Monday, 30 Jan 2017 13:51 EAT

On elections Ms Mutahi said, “Elections are supposed to be a process and not a deterrent to our current democratic progress. Hence as the business community, we would like to see a show of leadership from both the opposition and current government in guiding a peaceful and transparent transition.”


CJ Maraga seeks close links between Judiciary and business sector

Jack Otwala | Saturday, 14 Jan 2017 12:52 EAT

“The booklet will serve as reference material for those dealing with commercial cases. It includes best practices in handling commercial disputes such illicit trade, customs, standards and intellectual properties,” said the Chief Justice.


Mauritian bank SBM Group set to acquire Fidelity Bank

Free Press Reporter | Wednesday, 04 Jan 2017 15:39 EAT

CBK says the proposed acquisition will mark the entry of SBM Group into Kenya’s banking sector and enable the established group to bring its experience and expertise from Mauritius and other markets, to enhance competitiveness and the resilience of Kenya’s banking sector.


Autoxloo plans to extend their product promotion to the local markets of Johannesburg, Durban, Capetownand Port Elizabeth. Autoxloo welcomes resellers, agents and partnerships with active entities serving the automotive dealers in South Africa.


Japan delivers on its TICAD promise, hands East Africa road masterplan

Julius Chemitei | Thursday, 08 Dec 2016 18:14 EAT

In both Kenya and Uganda, about 95 percent of cargo freight is transported by track. But experts say it would be more efficient to transport large amounts of heavy freights, such as coal and construction material over long distance by railway, and oil products by pipeline.


Safaricom opens first regional headquarters in Nakuru

Jackson Okata | Wednesday, 07 Dec 2016 17:14 EAT

"Safaricom remains focused on offering the best customer experience with products and services that differentiate us from competition. The expansion of our services to the regions is aimed at engaging our customers from grassroots, which then helps us address issues faster," said Mr Collymore.


“The Partnership between Goraceit Technologies Ltd and Autoxloo brings a significant value addition to digital marketing services for Auto dealers in East Africa”, said the Lead Consultant at Goraceit Technologies Ltd., Mr Allan Wafula.


The African Development Bank to create 25 million jobs in East Africa

Soilan Kenana | Saturday, 03 Dec 2016 17:41 EAT

The bank is also organizing five Regional Ministerial Conferences on youth employment and entrepreneurship between now and 2017 and before the year ends three conferences will be held in West Africa, East Africa and North Africa.


KenGen plans Sh800 billion geothermal, wind plants

Oscar Ndunda | Thursday, 01 Dec 2016 13:16 EAT

Mr Mugo added that the new geothermal capacity of 280MW recently commissioned had improved the national installed capacity and enhanced overall system reliability, besides increasing the company’s revenues by 29% from Sh29.96 billion in 2015 to the current level of Sh38.61 billion.


Pioneer reintroduces new version of ‘Kenyan’ Equalizer

Soilan Kenana | Wednesday, 23 Nov 2016 18:05 EAT

“It is almost seven years now and we have seen tremendous growth in the market. This has been as a result of us strengthening our activities in Kenya and promoting more market oriented products,” he said at the event.


Pioneer Gulf FZE brings latest car infotainment to Kenyan market

Oscar Ndunda | Wednesday, 23 Nov 2016 18:04 EAT

Speaking at the launch today, Mr Muralidhar said the company has strengthened its relationship with Kenyan dealers and last year signed a service partnership with Sight and Sound Limited, which will provide after-sale services for customers with Pioneer Warranty Cards.


HF Group profits grow 10pc to Sh1.2 billion in nine months to September

Tobbie Wekesa | Wednesday, 23 Nov 2016 09:58 EAT

Earnings per share rose to Sh3.20 during the period compared to Sh2.98 in 2015, while the company’s loans and advances to customers increased to Sh53.9 billion up from Sh51.7 billion over the same period last year. Customer deposits grew to Sh41.6 billion compared to Sh37.6 billion in 2015.


Boon for SMEs as ICDC reduces interest rates lower than banks

Tobbie Wekesa | Wednesday, 23 Nov 2016 09:53 EAT

This year alone through project financing ICDC has created approximately 2,300 direct and indirect jobs in the manufacturing and agro-processing sectors.


KenGen to add 10MW from wind power, MD tells shareholders

Oscar Ndunda | Wednesday, 23 Nov 2016 08:50 EAT

He said, “It is our firm belief that the current focus on environmentally friendly technologies to generate energy for industrial and domestic use will improve its affordability and also increase energy security by reducing reliance on oil-based sources”.


ICT Authority scoops top award at MSK Gala Awards

Tobbie Wekesa | Monday, 21 Nov 2016 09:05 EAT

The award was as a result of the Authority’s implementation of the complex Digital Literacy Programme’s nationwide launches that saw all cabinet secretaries and principal secretaries traverse the 47 counties in remote schools to deliver digital learning devices through its PR and marketing agency PM


Kenya’s first-ever manufacturing Expo & Summit Kicks Off

Free Press Reporter | Wednesday, 16 Nov 2016 19:16 EAT

KAM has positioned itself to play a critical role in engaging government towards the realization of industrialization in Kenya by supporting the growth of SMEs, creating jobs, enhancing competitiveness of the manufacturing sector through promotion of local industries and ensuring a level playing fie


It was alleged that the management had siphoned Sh34 billion in the fraud scheme within a period of 13 years as Janmohamed and associates had manipulated the bank’s software to hide the irregular transactions.


Kenyans benefit from US$100 million entrepreneurship programme

Free Press Reporter | Monday, 31 Oct 2016 19:33 EAT

Kabaddi has got very many variations. However, in the international team version, two teams of seven members each occupy opposite halves of a field of 10 by 13 metres (33ft x 43ft) in the case of men and 8 by 12 metres (26ft x 39ft) in the case of women.


The company which serves about 25,000 cane farmers has been experiencing lean times with a section of farmers calling on President Uhuru Kenyatta to disband the current Board of Management.


Karanja Kirumba wins Subaru XV in KBL promotion

Free Press Reporter | Monday, 24 Oct 2016 14:10 EAT

“I was over joyed and immediately called my wife to share the good news. Although I have always desired to have a newer car, I never imagined that I could be the owner of a brand new car this soon. I intend to keep it as an asset that will not only ease my movement, but also help grow my business”,


NBK targets the unbanked with new SME account

Soilan Kenana | Friday, 14 Oct 2016 18:43 EAT

Some of the products that National Bank has launched under this unit are the Jenga Chama, Jenga Kilimo and Jenga Biashara plus loan accounts to fast-track its Small Enterprise banking outreach campaign.


Whether listening to music or simply making a phone call, these platforms provide seamless smart phone integration to meet different customer requirements and enhance the driving experience.


Housing Finance to put up Sh5 billion apartments in Kasarani

Tobbie Wekesa | Tuesday, 11 Oct 2016 04:48 EAT

Other HFDI projects include Komorock 5A and Komarock 5B (maisonettes), Komarock Heights (apartments), Richland (apartments) along Kamiti Road, Precious Gardens (apartments) in Riruta and K Mall.


German envoy launches solar panels shop in Kakamega

Free Press Correspondent | Wednesday, 28 Sep 2016 11:10 EAT

The joint venture with Chloride Exide is expected to help Mobisol’s expansion since Mobisol is able to access the already established sales and distribution network of Chloride Exide. The joint strengthen existing supply partnership between Chloride Exide and Mobisol.


Kantar launches Kantar Public to serve government sector

Free Press Reporter | Wednesday, 28 Sep 2016 11:01 EAT

As part of this global move the Kantar Public Development Practice will be launched shortly in sub-Saharan Africa headquartered in Nairobi, continuing the company's work to bring about more effective development through locally based high quality and innovative evaluation and research.


The ISO 9001:2015 is the world’s most widely recognized standard for quality management systems whose latest revision was published in September last year.


Kidero holds talks with manufacturers association

Free Press Reporter | Friday, 19 Aug 2016 21:53 EAT

Dr. Kidero acknowledged the issues presented by the BMOs stating that the issues raised today will make a lot difference in making Nairobi County a better investment destination.


Airports Authority appoints Norwegian as CEO

Lemmy Bramwel | Thursday, 14 Jul 2016 16:11 EAT

Mr Andersen takes over from Yatich Kangungo who has been serving on an acting capacity as the MD from June 2015. This is after he took over from Lucy Mbugua was shown the door over an 11 million shilling bus leasing scam.


AutoXpress appointed as Mitsubishi authorized parts and service centre

Derrick Kiraka | Thursday, 14 Jul 2016 16:10 EAT

This collaboration is a power move by Simba Corporation that seeks to perch it top among suppliers of vehicle and spare parts.


Alexander Forbes retirement fund expands to Real Estate

Waithera Murugi | Monday, 11 Jul 2016 13:27 EAT

Alexander Forbes Retirement Fund Board of Trustees chairperson Lucy Kambuni said the fund will continuously invest in projects that benefit members through innovation and real estate sector which has proved to be an asset class that has continuously posted positive returns over the long term.


UBA Bank reaches to Kenyatta University in major expansion drive

Waithera Murugi | Saturday, 09 Jul 2016 23:42 EAT

UBA will provide an array of financial products tailored to KU’s unique needs such as collection accounts, tax payment management, various financing and investment opportunities for the University.


KenGen’s historic rights issues begin trading at NSE

Waithera Murugi | Wednesday, 06 Jul 2016 18:57 EAT

Speaking during the event, Nairobi Securities Exchange CEO Geoffrey Odundo congratulated KenGen for continuously using the capital markets to strengthen its capital base and fund its expansion strategy.


Keter lauds KenGen's employee-led innovations

Waithera Murugi | Wednesday, 29 Jun 2016 18:13 EAT

Energy and Petroleum Cabinet Secretary Charles Keter has lauded KenGen for championing employee-led innovations.


Ethiopian PM visits Olkaria Power Station

Free Press Correspondent | Friday, 24 Jun 2016 19:42 EAT

Ethiopian Prime Minister Hailemariam Desalegn, who is on a three-day state visit to Kenya, today visited Olkaria, the largest geothermal power plant in Africa.


Heritage unveils campaign strategy to deepen brand

Jack Otwala | Tuesday, 07 Jun 2016 13:11 EAT

Heritage Insurance Company Ltd has unveiled a campaign strategy that is geared towards entrenching the company’s brand in Kenyan and East African markets


Local taxi operators, under pressure from Uber, launch own app

Waithera Murugi | Tuesday, 07 Jun 2016 09:09 EAT

After intense and ugly wars with American Uber app service provider, traditional taxi operators have now come up with their own app, called Taxify, which they expect to steal Uber’s thunder.


Crown Paints rolls out new products

Free Press Reporter | Tuesday, 07 Jun 2016 08:43 EAT

Crown Paints has rolled out a range of Zero VOC paints as its strategy to increase its market share through innovative products that meet the ever increasing demand in the East African region.


After decades of sloth, American cars taking Kenya by storm

Free Press Reporter | Tuesday, 31 May 2016 09:59 EAT

The brand is expected to step up competition for German car manufacturer Porsche, which reported strong sales of its sporty models since launching operations last year.


ShowMax expands internet TV service to Sub-Saharan Africa

Shadrack Kavilu | Monday, 30 May 2016 09:04 EAT

ShowMax, the internet TV service launched in August 2015, has expanded its footprint to 36 additional countries across sub-Saharan Africa.


Sidian Bank, Uber in Sh10 billion taxi partnership

Jack Otwala | Monday, 30 May 2016 09:01 EAT

The online taxi company Uber has partnered with Sidian Bank in a Sh10 billion programme that will give drivers, fleet partners and business investors’ the chance to access high quality vehicles they need to start or grow their Uber-based businesses.


After South Sudan success, Co-op Bank eyes four new markets

Jack Otwala | Monday, 30 May 2016 08:59 EAT

The Co-operative Bank of Kenya plans to enter into Rwanda, Ethiopia and Tanzania through the same model it used to South Sudan.


Superior Homes Kenya ventures into the tourism sector

Shadrack Kavilu | Monday, 30 May 2016 08:32 EAT

Greenpark estate comprises of five house types for sale; the Quarter Villas, Semi - detached Maisonettes, Bungalows, Super Bungalows and Villas with prices ranging from Sh9.5m to Sh36.7m.


Emirates Airlines to fly to Mombasa

Free Press Correspondent | Saturday, 28 May 2016 11:04 EAT

Mombasa is set to become the 151st destination for the Emirates Airlines after governor Hassan Joho met with the company’s senior officials in Dubai


Incidents of insurance fraud on the rise in Kenya

Jack Otwala | Tuesday, 24 May 2016 11:54 EAT

According to Insurance Regulatory Authority (IRA), medical insurance and workmen’s compensations statistics rose phenomenally from 2014 compared to 2015 in the two areas.