Kenya’s inflation accelerated to a record high in June amid increased costs of food and high fuel prices which have continued to strain Kenyans. The monthly inflation data by the Kenya National Bureau of Statistics (KNBS) shows the overall rate of inflation in June was 7.9
Mozilla, in partnership with Aga Khan University, has unveiled a brand new, user-friendly and interactive App - Pocket. Built on the Android and iOS platforms, the app allows users to access written and visual content of their liking and even save it for offline browsing
Rally enthusiast Sam Karangatha, won a once in a life time opportunity to ride in a Rally 1 car in Naivasha. He won the experience by playing and winning the Red Bull My Safari game, an online quick-Fire session where participants were required to answer
The Africa Digital Media Institute (ADMI), a leading digital career accelerator, has signed an MOU with LunaTone, a SaaS provider specializing in digital content based in Tokyo, Japan. Dubbed the Digital Content Apprenticeship, the partnership includes masterclasses, remote work assignments and an incubator, offering Africans paid
Kenya’s youngster lady driver Maxine Wahome navigated by Murage Waigwa were crowned the winners in the WRC 3 category in the just concluded WRC Safari Rally held in Naivasha. Maxine Wahome who was making her WRC3 debut in her new Ford Fiesta rally car clocked 5.20.21
The Kenya Revenue Authority (KRA) has invited interested bidders for its auctioning exercise scheduled for two days beginning June 28, 2022. The exercise which involves 194 vehicles will be conducted at the Inland Container Depot (ICD) in Nairobi. “A mega Customs Public Auction is set to happen
Naivas Supermarket has sold extra shares worth Ksh.3.7 billion to three new foreign investors in its new expansion strategy. The new investors, Proparco, Mauritian conglomerate IBL Group and German sovereign wealth fund DEG will become among the retailer’s biggest shareholders. Currently, Naivas is Kenya’s biggest supermarket by
British International Investment, the UK’s development finance institution, is joining Norfund, the Norwegian Investment Fund for developing countries, in its joint venture with Scatec ASA to provide capital for Africa’s hydropower sector. This will be the largest investment in hydropower in BII’s 74-year history, with up
Anne Kimari has been appointed as an Independent Non-Executive Director of HF Group Board of Directors, w.e.f 24th June 2022. Anne has over 25 years of experience in SME Banking, General Management, Accounting, Finance, Strategic Management, Tax, Risk, Audit Microfinance, and has Corporate Governance and Board
The National Treasury failed to meet its June 23, 2022 tap sale of Ksh.25 billion when it managed to raise Ksh.19.6 billion. The three-year and fifteen-year fixed-rate Treasury Bond represented a 78.4 percent drop in the Ksh.25 bids. Treasury received bids totaling Ksh.21.2 billion. Interest rates remained
