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COVID-19 pandemic

Kenyan companies used the pandemic to reorganize payroll

Kenyans are working more hours for lesser pay after firms used the coronavirus pandemic to cut workers’ pay and have not readjusted them as the country re-opens. The Covid19 tracker, a survey by Financial Sector Deepening shows that Kenyan are currently working a 40 hour week and making Kes 3,200. Read also Kenyans turn to casual labour amid...
KCB Group CEO Mr. Joshua Oigara

KCB on the brink to become the first Kes 1 trillion local bank

If all 29 tier two and tier three banks met outside Kencom house and were let into KCB's iconic building, they will fit right into the bank with all their assets in tow. Kenya’s smaller 29 banks have an average asset size of Kes1 trillion combined, yet KCB Bank alone has an asset size of Kes953 billion. The biggest lender in...
COVID-19 trade offs

Kenyans turn to casual labour amid COVID-19 pandemic

Have you noticed an increase in wash women around your neighbourhood or an extra hand of a porter offering to carry your goods after shopping? That may be a former teacher, barber or welder or she might have been working in bars or the hotels sector. Data from Financial Sector Deepening (FSD) shows that casual jobs jumped to 20 per cent...
Tana River

Village bursting out of the Tana marginalization shadow

Tana River is home to one of Kenya’s most stunning natural sites. As the great Tana approaches the coastline, it branches out to form a web of multiple streams all gently pouring into the Indian Ocean. The aerial view of this natural wonder is nothing but marvellous. The river reaches the ocean at the southern end of the delta
Kenya

How local supply chains might take off in Kenya

Set out in an open field in Nairobi’s plush Karen estate ‘The Waterfront’ was the next frontier for shopping malls in Kenya, they had evolved. Just a few years ago, a mall’s biggest attraction was probably an escalator, ridding through rising floors of shops of every kind selling all manner of things. They were squeezed within the city and Nakumatt...
Huawei Graduates

Online learning offers fully baked graduates

Kenyan employers have always reproached academia for half baked graduates who come out of school without the practical know-how required in the job market. The classroom has been stuck in instructive theory far removed from everyday life and hands-on experience. The problem may be magnified by changing technologies which are being revolutionised each minute and by the time a curriculum gets...

INSIGHTS

MARKETS

From the corner office to jail

Former National Bank of Kenya bosses may land in jail after market regulator recommended that the Director of Public Prosecutions charge them in court. Former...

How digitization will continue to support Bank growth in Kenya

Kenya leads the continent in mobile banking penetration. Its success was due to a dominant mobile operator, the high mobile phone penetration vs. low...

BUSINESS AND MONEY

Imperial-Bank

Beyond profits, how two banks saved Kenya’s financial system

On September this year, KCB bank started processing Sh3.2 billion for Imperial Bank depositors marking the close of a tumultuous chapter that...
AI Chatbot

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.

JOBS

Child Fund is looking for a Human Resource and Administration Director

Responsible for providing strategic direction and leadership to the human resources, procurement, information technology, and administrative functions of the national office.  QUALIFICATIONS/EXPERIENCE 10 years’ experience. ...

Setback for Deacons as it loses Mr Price Franchise to MRP...

Fashion retailer Deacons has lost the lucrative Franchise to run Mr. Price outlets in Kenya to MRP Kenya limited in what is set to...

Kisumu county sets stage for tussling over state hotels

Fight for ownership of government-owned hotels has heated up with Kisumu county and tourism finance corporation fighting over its ownership. TFC says the hotel is...

Charcoal has pushed up inflation

The price of charcoal has pushed the cost of Kenyan households after the government put a ban on felling trees and burning charcoal. According to...

OTHER NEWS

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...

Croatia Turn On the Style to Beat Plucky England after Extra...

Croatia found another level after a dismal first half, to make it to their first World Cup final as an independent country, winning after...

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KeNHA is remodelling pedestrian passes, too bad it takes so long.

Foot bridges have existed for years particularly in Kenya’s urban setting. Nevertheless, the majority of the city residents had...

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