Equity Group has winded up its first edition of Equity Hackathon which saw University students bag Ksh. 600,000 and a mentorship opportunity from Microsoft. Equity Group in partnership with Microsoft launched a virtual hackathon open to students from The University of Nairobi (UoN) and Meru University
The International Monetary Fund (IMF) has reached an agreement to advance Kenya an extra Ksh.28 billion loan. This is part of the Ksh.265 billion Special Drawing Right (SDR) the multilateral lender authorized in April last year. The agreement will be subject to IMF management and the Executive
Indonesia, the world’s top palm oil producer announced plans to ban exports of the most widely used cooking oil and will likely see Kenyan households dig deeper to pay more for an already expensive commodity. Indonesia's move is set to hurt other countries globally and Kenyans
Sanlam is currently the biggest pension fund manager after taking over Ksh.46 billion National Social Security Fund (NSSF) portfolio from British American Assets Managers. Overtaking GenAfrica with Ksh.288.8 billion in assets, up from Ksh.226.9 billion in 2020, Sanlam now reins the pension fund sector as Gen
The financing of President Uhuru Kenyatta’s final budget will attract higher taxes on common household commodities as he vacates office in August this year. As shown Finance Bill for 2022, Flour, alcohol, chocolates, and beauty products are among the items to receive higher taxes. Wheat, maize,
Treasury Cabinet Secretary Ukur Yatani has proposed a 15 percent excise duty on alcohol, gaming, and gambling advertisements. This will apply to all television stations and other advertising outlets like billboards. “Following various consultations and in line with the government’s commitment on mitigating against the social vices
The Ministry of Petroleum directed big Oil Marketers Companies (OMC) to sell available stocks to independent dealers to ease a shortage of fuel in rural parts of Kenya. The government has promised to compensate them for the extra volumes sold to ease the supply hitches in
Kakuzi PLC will train small-scale avocado farmers through an e-learning agricultural extension program branded Kakuzi Avocademy that will assist them to improve the quality of their crop. The programme targets farmers wishing to receive professional tips on quality avocado husbandry. The online Kakuzi Avocademy platform, according to
Jumia and UPS a Global logistics and package delivery company announced a partnership giving UPS access to Jumia’s last-mile logistics capabilities and infrastructure to grow its delivery services in Africa. Leveraging the Jumia infrastructure in Africa, UPS will offer its customers an extended range of delivery
Safaricom is continuing to grow its customer base after it announced to include rival networks, Airtel, and Telkom in its Lipa Na M-Pesa cashless payment service. Telkom and Airtel subscribers will be able to pay for goods and services through Lipa Na M-Pesa. The shift is aimed
