Kenya’s Cabinet has approved the establishment of two landmark financial vehicles, the National Infrastructure Fund (NIF) and the Sovereign Wealth Fund (SWF), in what the government describes as a generational shift in how the country finances development. Together, the two…
Lisbon, Portugal — Prince Karim Al-Hussaini, known worldwide as the Aga Khan IV, passed away peacefully in Lisbon on February 4, 2025, at the age of 88, surrounded by his family. His death marks the end of an era for…
Nairobi, February 3, 2025 – Following recent social media allegations questioning the quality of Shell V-Power fuel in Kenya, Vivo Energy Kenya, the exclusive distributor and marketer of Shell products, has taken decisive action to address these concerns. In a…
Nairobi, February 2, 2025 – A recent fuel quality test conducted by an automotive content creator has left Nairobi motorists in shock, revealing that in some instances, standard fuel outperformed the premium V-Power at certain petrol stations across the city.…
In the rapidly evolving global economy, digital transformation has become a critical factor for business success. In Kenya, small and medium-sized enterprises (SMEs) are increasingly adopting digital technologies to enhance operations, reach wider markets, and improve efficiency. This shift is…
WATAMU, Kenya – In a significant employment drive, officials from a United Arab Emirates company are conducting interviews and hiring motorcycle riders at Watamu Primary School today and tomorrow, Saturday, December 14, 2024. The initiative offers a promising opportunity for…
In a recent post on X, Dr. Alfred N. Mutua, Cabinet Secretary, announced an exciting job opportunity for Kenyan motorcycle riders in Dubai. A United Arab Emirates company is set to interview and hire 600 motorcycle riders in Nairobi and…
Nairobi, Kenya – On Tuesday, car dealer Joseph Kairo Wambui, also known as Khalif Kairo, was arrested by police on suspicion of obtaining money by false pretenses. The arrest was confirmed by Justus Ombati, the Kasarani Sub-County criminal investigations officer,…
November 24, 2024 – Nairobi, Kenya A recent investigation by CBS News has uncovered the grim conditions faced by Kenyan workers employed in the artificial intelligence (AI) sector, revealing a stark contrast between the promises of tech job opportunities and…
Nairobi, Kenya — November 2024As artificial intelligence (AI) continues to revolutionize industries across the globe, a striking observation has emerged: “AI cannot replace humans, but people with AI will replace people without AI.” This statement captures the transformative impact of…
Nairobi, Kenya – November 20, 2024 – The Central Bank of Kenya (CBK) has issued an update regarding the rollout of the newly designed Kenyan currency banknotes, following an initial announcement made on August 6, 2024. This update outlines the…
Nairobi, Kenya – 18th November 2024: Equity Bank has announced a significant reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities. This move comes in response to the recent decision by the Central Bank of Kenya’s…
According to a Weekly bulleting released by CBK on 1st of November 2024, Kenya experienced a significant reduction in its inflation rate in October 2024, with the overall rate dropping to 2.7% from 3.6% in September. This decrease is primarily…
Kenyans have recently taken to social media to express their frustration over the apparent scarcity of money in circulation within the economy. Prominent figures and ordinary citizens alike have shared their concerns, highlighting the pressing financial issues they face daily.…
The Kenya Revenue Authority (KRA) is excited to announce the launch of the “Jinice na Risiti Legit” public campaign! This innovative initiative not only aims to reward diligent shoppers but also plays a crucial role in the fight against tax…
In recent months, the streets of Kenya have been filled with demonstrators, and social media platforms have been abuzz with complaints and criticism of the government’s financial strategies. From resistance to new taxes, borrowing, and public-private partnerships (PPPs), to dissatisfaction…
The Central Bank of Kenya (CBK) has announced the licensing of an additional 27 Digital Credit Providers (DCPs), bringing the total number of licensed DCPs to 85. This follows the previous licensing of 7 DCPs in June 2024. Since March…