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Thursday, July 7, 2022
Inflation

Kenya inflation rate hits five-year high of 7.9 percent on sky-high fuel, food prices

Prices in Kenya climbed 7.9 percent in June from 7.1 percent in May, an acceleration in the inflation rate that was largely attributable to surging food and fuel costs. Persistent increases in food and fuel prices leave the rate of inflation in breach of the government's ceiling of no more than 7.5 percent. "Relative to May 2022 prices of wheat flour...
Covid-19

Rwanda to host new African Pharmaceutical Technology Foundation

Rwanda has once again bagged a deal to house the new African Pharmaceutical Technology Foundation, funded by the African Development Bank (AfDB) that is expected to up the continent’s access to technology in manufacturing medicines and vaccines. This comes barely a week after the German pharmaceutical company BioNTech begun construction of a COVID-19 vaccine plant in Kigali, expected to start producing mRNA vaccine by...
Agha Khan Hospital

Aga Khan University Hospital retains global accreditation for quality services

Aga Khan University Hospital, Nairobi (AKUH,N) has for the fourth time received accreditation by the Joint Commission International (JCI), for offering high-quality access to healthcare. JCI, the US-based global leader in health quality standards is an independent non-profit organization that accredits and certifies health care institutions. JCI noted, “Successful completion of a rigorous accreditation process is a signal to patients that...
Health

NHIF, Janssen Kenya ink a deal to enhance access to prostate cancer drugs

Patients covered by the National Health Insurance Fund (NHIF) can now access the prescription drug, Abiraterone Acetate, used for the treatment of advanced prostate cancer. The NHIF and Johnson & Johnson Middle East FZ-LLC (Janssen Kenya) have entered an agreement that will ensure the drug is available to NHIF members within their existing package. Abiraterone Acetate is manufactured and distributed by...
HIV

Kenya receives Sh40 billion HIV response boost from the US

The United States Embassy in Nairobi, through the United States President’s Emergency Plan for AIDS Relief program (PEPFAR) has approved $345 million (Kes40.6 billion) in support of the Kenya HIV response programs. The funds allocated through the PEPFAR Country Operational Plan (COP) 2022 will be implemented from October 1, 2022, through September 30, 2023, in support of critical solutions enabling Kenya to maintain epidemic...

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BUSINESS AND MONEY

CA Kenya

CA revokes courier licenses of 34 transport firms

The Communication Authority of Kenya (CA) has revoked the licenses of 34 postal and courier companies operating in the country.
HELB

Mobile loan app targeting women in school unveiled

Young women in Kenya can now gain access to tailor-made financial offerings and advisory services following the launch of a new app.

JOBS

Family Bank swings to 26 per cent profit growth in pandemic year

Family Bank has defied adverse effects of the pandemic to post a 26.3 per cent jump in full year profit to KES1.2...

Safaricom takes profit hit on free M-PESA transactions

Safaricom has posted Kes 33.1 billion net profit after tax for the half year, a six per cent decline from Kes.35.6 billion...

Carrefour to open its sixth store in Kenya at the Village...

French retailer Carrefour has announced plans to open its sixth store in Kenya having entered a deal with the management of the Village market. The...

Market turnover surges to Sh1.9billion during Tuesday trading

Daily market report: February 6, 2018 Equities Equities were boosted by the sale of Safaricom shares during Tuesday trading. The turnover surged Sh1.9billion from the previous...

OTHER NEWS

Stop delaying refunds of members who quit Saccos — Sasra

The cooperatives regulator wants savings and credit cooperative societies (Saccos) to quickly refund member deposits when they quit the societies following frustrations...

Ezekiel Mutua fired, Christopher Wambua takes over at KFCB

Dr Ezekiel Mutua has been edged out as the head of Kenya films watchdog and replaced by Christopher Wambua from the Communications...

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