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Equity Millennials

Millennials don’t like banks, at least not in the traditional sense

Compared to any other channel, the new bankable millennial in Kenya today overwhelmingly prefers to use their smartphone for making financial transactions of any size. With a simple handset and Mpesa, one can literally withdraw money, make seamless payments and even borrow cash from any of the forty-two banking halls in Kenya without the assistance of a single teller.
Guinness Hop House 13

EABL is betting on a new Guinness variant to drive revenue growth

Two hundred and fifty years later, Guinness remains one of the most popular beers in an arguably overcrowded booze market. And, on 27th of September, the Irish brewer which trades in Kenya under the umbrella of East African Breweries (EABL) launched a new lager dubbed  ‘Guinness Hop House 13’ to drive revenue growth. During the full year ended June 30th, EABL announced that...
Absa youth

The social cost of frustrated youth can be high, but Barclays has a plan.

In most nations, a large youthful population would be viewed as an economic blessing. Here in Kenya, the youth make up at least seventy-five percent of the country’s total population. Nonetheless, faced with oppression and few opportunities, Kenya’s youth is wasting away. Approximately 29% of all new HIV infections in Kenya are among adolescents and youth. Also, mental health challenges, lack of job opportunities...
OktobaFest

What’s the right way to have a beer? Asking for a friend

That the alcohol industry in Kenya has over the past few years expanded like crazy, is not news. Booze has become a key driver of the economy with its manufactures controlling sizable portions of the county’s total Gross Domestic Product (GDP). In June, when the then treasury CS, Mr. Henry Rotich slapped alcoholic drinks with a five percent increase in excise duty, Kenyans remained...
Retirement

Kenyans are overwhelmingly unprepared for retirement

Retirement is not like a fairy tale where the characters live happily ever after, it is a whole different story altogether. And, according to the latest industry report by the Association of Kenya Insurers (AKI), up to seventy-one percent of Kenyans remain unprepared. However, nobody wants to continue toiling past their prime years. Kenyans indicated that they would be ready to retire at the...
JamboJet

Jambojet unveils all-new Bombardier jet, gets nod to begin Rwanda flights

Rwanda's Civil Aviation Authority has granted Jambojet a go-ahead to begin flights to Kigali. Jambojet’s boss Mr. Allan Kilavuka said that the new route was part of the airline’s broader plan to expand its footprint to more markets in Africa, including Juba South Sudan and various cities in Tanzania. Read also: Why African CEOs are playing it...

INSIGHTS

MARKETS

Surge of KenolKobil shares slows signaling correction

After surging between October 16 and October 19, KenolKobil shares seems to be witnessing a correction at the Nairobi bourse. Yesterday, KenolKobil (KENO Sh15.3) was the...

Eyes on Equity as bourse sets sight on earnings announcement

Results announcement shaped the NSE bourse leaders as Kenya Commercial Bank (KCB Sh50.50) joins Safaricom (SCOM Sh28.50) in releasing profits. Equity Bank (EQTY Sh50.00) which...

BUSINESS AND MONEY

BAT Kenya

BAT posts double digit growth in profit for half year 2019

Cigarette manufacturer, British America Tobacco (BAT) has reported a Ksh 2.5 billion profit after tax for the half-year ended June 30th, a 25.5 percent growth...
Blaze Link

Youth unemployment in Kenya is fast approaching a red line, but Blaze by Safaricom...

Since independence in 1963, young adults or the youth, who make up 75 percent of the Kenyan population continue to face a myriad of...

JOBS

The World Bank is hiring an associate lawyer.

The Associate Counsel will assist the Senior Counsel(s) in providing legal services to project teams and the Country Management Unit. In this context, the...

KRA intercepts narcotics worth Sh2.9million at JKIA

The taxman has foiled a fresh plot by drug barons who move drugs from one country to another through Kenya. This follows an interception of...

Amref University starts a degree for community health workers

Amref International University (AMIU) has announced a pioneering degree programme in Community Health Practice, which seeks to address the shortage of trained community health...

Kenya Power upgrades its platform to fasten generation of electricity tokens

Kenya Power has completed an upgrade of its IT platform, a move that has seen a faster generation of prepaid tokens by prepaid customers. The...

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What can BBI taskforce borrow from Aukot’s Punguza Mizigo bill?

The referendum drums beats have been rolled; and the players are gun-blazing setting the stage for a bruising battle to amend the current constitution. Since...

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