In 2020, Sama became the first AI data labeling company to receive B Corp Certification, formally committing to create a positive impact for employees, communities, customers, and the planet.
Safaricom Telecommunications Ethiopia added close to 3 million customers and built a distributor network of over 114 outlets
While oil prices softened slightly on Thursday, they remained within the trading band seen since the start of 2023.
The service will be utilized by customers shopping less than 15 items and is expected to be rolled out in all Carrefour stores in the country following a successful pilot.
The proceeds from Norfund’s investment will also be utilized to strengthen Hela’s strategic supply chain partnerships in East Africa.
KCB Group Plc has also significantly cut its carbon footprint by 11.25% in its premises across the six countries it operates in, on a deliberate push to reduce carbon emissions from its operations.
Joanne Mwangi-Yelbert has been appointed as the new Chairperson of the Kenya Tourism Board (KTB) for a three-year term, replacing Jimi Kariuki. The appointment announced through a gazette notice dated July 5, 2022 makes Mwangi-Yelbert the first female to serve as board chair since the inception of KTB. “I want to thank President Uhuru Kenyatta …
Joanne Mwangi-Yelbert Appointed New Chairperson of the Kenya Tourism Board Read More »
The study offers an opportunity for the tax contribution of the Kenya banking sector to be quantified and analyzed so that policymakers can assess whether the operating environment is supportive of the sector.
Safaricom Plc on Monday unveiled a new brand campaign dubbed “Tuinuane” that is aimed at encouraging Kenyans to uplift one another
As a result of the VAT reduction, a 13kg cylinder was retailing at an average of Kes 3,100.67 in July compared to Kes 3,218.22 in June this year and Kes 2,394.18 in July last year stabilizing inflation.
Oil prices typically rise when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.
CBK MPC committee expects domestic inflationary pressures in the near term to ease on account of cooling international commodity prices, mainly oil, wheat, and edible oils.
Oil Prices also found support as the Group of Seven richest economies aims to have a price-capping mechanism on Russian oil exports in place by Dec. 5.
Kodris Africa CEO Mugumo Munene said that the partnership with Safaricom would go a long way in initiating the subject in the education system in Kenya.
Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.
Spot gold firmed 0.1% to $1,718.97 per ounce, by 0041 GMT, while U.S. gold futures dipped 0.1% to $1,716.70.
Brent crude futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for a fourth day in declining global oil prices.
The Ndoto Zetu Initiative by Safaricom Foundation has reached close to 3 million Kenyans since its inception in 2019.
NALA and Equity Bank are changing the paradigm of financial tools across the region by providing fair and transparent services to empower people with control over their finances.
Tesla’s second-quarter profit fell 32% from record levels in the first quarter, with the company reporting a $2.26bn net profit on Wednesday.
BAT Kenya’s gross revenue increased by 8 percent to Kes 21.9 billion serving as a buffer to the increased operational costs and higher taxes during the period.
Kenya Airways, South African Airways’ valued clientele will gain new travel choices to markets across East Africa via Kenya’s extensive network and hub in Nairobi, providing for seamless travel and status recognition.
The IMF loan will be used for budget support, bringing Kenya’s total disbursements for budget support so far to about US$1,208.2 million.
According to the AfDB, the loan will help Kenya significantly boost cereal and oil seeds production over the next two years.
International organizations such as the International Finance Corporation (IFC) and the Global Climate Fund (GCF) have led in supporting climate financing in developing countries.
The OPEC+ move to bring forward crude oil output hikes is widely seen as unlikely to meet demand as the increased allocation is spread across all members, including Russia which is facing sanctions.
Trading on the secondary bond market on the NSE posted a decline in activity as compared to Thursday’s trading, with bonds valued at Kes 1.79 billion transacted in 98 deals compared.
Brent crude oil futures were on track to fall for the week, and WTI was on course for a 1.6% weekly gain as U.S. supply remained very tight, prompting talk of fuel export curbs or a windfall profits tax on oil and gas producers.
The launch of Safaricom’s M-Pesa Visa virtual card opens global shopping for Kenyan consumers, allowing secure cashless payments at merchant locations in over 200 countries through Visa’s global network.
International crude oil benchmark Brent crude futures were last down 1.68% at $114.34 per barrel. U.S. crude futures dropped 1.87% to $113.10 per barrel.
Trading on the secondary bond market on the NSE posted a decline in activity as compared to Monday’s trading, with bonds valued at Kes 1.91 billion transacted in 98 deals
Compared with the previous NSE trading day, today’s data shows a 64% decline in volume, 62% decline in turnover, and 8% decline in deals.
Cryptocurrencies faced a major meltdown as the drop in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through markets on Thursday.
Family Bank has acquired a KES 1.5 billion loan portfolio guarantee facility from the African Guarantee Fund.
Elon Musk has decided not to join the board of Twitter, the company’s chief executive Parag Agrawal says. Elon Musk’s appointment was due to become effective on Saturday after revealing last week that he had bought a 9.2% stake in the social media platform. However, Mr. Agrawal tweeted: “Elon shared that same morning that he …
Elon Musk Will Not Join Twitter board, Paraga Confirms. Read More »
Kenya has secured Kshs. 85.5 billion from the World Bank in what the lender says will help support the country’s post-pandemic economic transformation. The low-cost Development Policy Operation will fund fiscal and debt reforms to make spending more transparent and efficient, and enhance domestic debt market performance. World Bank Country Director for Kenya Keith Hansen …
Kenya Gets Kes 85.5 Billion From World Bank for Post-Covid Growth Read More »
Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (BPD) of Russian crude and refined products from April. The supply loss would be far greater than an expected one million BPD per day drop-in demand triggered by higher fuel prices, the IEA said in …
Oil Prices Jump 1.9% as EIA Raises Concerns on Supply. Read More »
Catalyst Fund is supported by the UK Foreign, Commonwealth and Development Office (FCDO), JPMorgan Chase & Co., and PayPal, and fiscally sponsored by Rockefeller Philanthropy Advisors
Oil prices gained on reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia.
The CBK on Thursday published a Discussion Paper on Central Bank Digital Currency inviting public input on modalities of possible introduction of a digital Kenyan shilling.
Trading on the secondary bond market on the Nairobi Securities Exchange (NSE) posted gains, compared to Friday’s trading, with bonds valued at Kes 6.05 billion transacted in 91 deals
Google parent Alphabet Inc rose 1.7% on wall street ahead of quarterly results published after the bell. Amazon Inc and Meta Platforms Inc are also on deck later this week.
Kenya’s annual inflation rate has dropped to 5.39% in the month of January on account of lower prices of electricity, the statistics bureau has said.
Data from the Central Bank of Kenya (CBK) shows top CEOs in Kenya are optimistic about business growth this year
Australia’s ASX 200 advanced 2.19% to end the session at 6,988.1. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.19% higher.
Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 45 cents, or 0.5%, to $89.79 a barrel at 0429 GMT, after falling 62 cents during the previous day. However, prices …
Oil Headed for Sixth Weekly Gain Amid Supply Concerns Read More »
Kenya will spend Kes. 1.36 trillion equivalent to 63% of projected revenue in the current fiscal year to service the current public debt which stands at Kes. 8 trillion.
Lower U.S. oil inventories are also providing support, with crude inventories around the NYMEX WTI delivery point at Cushing in Oklahoma at the lowest for the time of year since 2012.
Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to struggle to raise their output. Brent crude futures rose 87 cents, or 1.0%, to $88.76 a barrel by 0100 GMT, reversing a 0.6% loss on …
Oil Prices Steady at $88.76 as OPEC Struggles to Raise Output. Read More »
The naming of Ms Mavisi as an Independent Head of the Kakuzi OGM, will provide impetus to the firm’s ongoing efforts to maintain world-class human rights management standards.
Falling equity markets also impacted crude oil markets as investors have become increasingly worried about central banks raising interest rates this year to combat inflation
The beta version of the Cashlet app is due to be released by mid-February 2022, but users can sign up now to join their Waitlist.
