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LG

LG is lending a helping hand to innovative social projects

Clara Rono, Lilian Ochieng’ and Ruth Muchiri have one thing in common: foresight, big heart, and an unyielding desire to help the less fortunate. Sample this: In rural Kajiado County, life can be very unforgiving for the girl child. On or around the age of nine years, some parents allow their girls to undergo the female genital mutilation (FGM), Ms Ochieng’, who is the...

Kenyans realize they can save for a rainy day because ‘ItCan Be’

When the first case of the coronavirus pandemic was reported in March, the uncertainties hit homes hardest with ordinary Kenya thrown into turmoil without jobs and incomes and staring at the possibility of contractive the virus. Kenya National Bureau of Statistics shows that in just three months as many as 1.7 million Kenyans found themselves without a job as employment fell to 15.87 million...
Absa

How variety has given new brands a fighting chance

In Nairobi where street block numbers are ignored or unknown and the names of roads get lost under an avalanche of advertisements of photocopy shops, directions across the city are usually given by referencing the sky scrapers near you. A casual stroll down the streets and you’ll likely come across a conversation similar to this: “Where are you?” She turns and looks at the...
Flora Mutahi

Flora Mutahi – The Kenyan tea queen

Flora Mutahi is not your everyday captain of industry. She is the Chief Executive Officer and founder of Melvins Tea, one of the first companies in the region to venture into the flavoured tea industry. The accountant by training says that growing up, everyone thought she should pursue the highly regarded professions such as a doctor or a nurse. In...

Treasury is betting big on agriculture to steer post-pandemic recovery

As many sectors of Kenya’s economy were declining thanks to  Covid-19 pandemic and the ensuing containment measures last year, the agriculture segment defied all odds posting 6.4 per cent growth in the second quarter compared to a 2.9 per cent jump in the same period in 2019.  This growth was attributable to rise in tea production, cane deliveries, milk intake as well as the...
Pooja Bhaat

Pooja Bhaat: The Kenyan woman ‘killing it’ on the global insurance stage

At just 30, Pooja Bhaat was the co-founder and head actuary of the emerging insurance firm, QuantaRisk. The actuarial scientist is one of the successful young women entrepreneurs we celebrate this week for going beyond the norm. She learned from the best, earning valuable entrepreneurship experienced at the Lloyd’s of London insurance market before coming back to Kenya to establish and run QuantaRisk.

INSIGHTS

MARKETS

New proposals to attract listing at the NSE

The Capital markets authority wants new policies to stimulate listing at the NSE that has declined over the last couple of years. In the main...

Why the IMF has taken away Kenya’s Emergency loan and why...

Bloomberg has reported that the International Monetary Fund withdrew Kenya’s access to a $1.5 billion standby loan in June. The newswire quoted IMF country representative...

BUSINESS AND MONEY

Bar owners claim Covid-19 killed a third of their joints

Bar owners claim that a third or 16,000 establishments have shut down since the coronavirus pandemic broke out in Kenya in March...
COVID-19

Boardroom struggles threaten companies post-COVID-19 rebound

Boardroom wars are raging through Kenya’s corporate space over how to take companies forward following troubling year ravaged by effects of coronavirus...

JOBS

More Kenyan companies lay off employees

Kenyan companies continue to lay off employees as they try to remain afloat following the difficult economic environment. Most are offering employees early retirement packages...

M-PESA partners with Paypal

Kenyans can from today receive money from any PayPal account across the world directly into their M-PESA accounts in real time. The development comes after...

Execution Point Limited sets to reap big from online currency license

The sole trader allowed to operate accounts which Kenyans can use to bet one currency against the other is set to reap a major...

Artificial intelligence (AI) is breaking glass ceilings

Just last month, a robot wrote an entire article in the British Guardian newspaper- an articulate original and quiet comprehensive piece.

OTHER NEWS

Bonus years dry up as Centum issues a profit warning

Between 2013 and 2016 Centum investments profits spiraled threefold from 2.5 billion to Sh9.9 billion with Billionaire owner Chris Kirubi getting accolades for his...

Harnessing the Promise of Digital Finance

On August 26, 2020, the United Nations Secretary-General (UNSG) António Guterres launched the report of his Task Force on Digital Financing of...

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Here’s everything wrong with KPLC numbers

After maintaining a low public profile, utility company and electricity monopoly Kenya Power & Lighting Company (KPLC) is as it again having...

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