UBA bank ranked cheapest lender
UBA bank has been ranked the cheapest lender for Small and Medium Size Enterprises (SMEs) in the country’s financial sector according to a new study by consulting firm Think Business…
Co-op seeks shareholder nod for 50pc capital rise
Co-operative Bank of Kenya #ticker:COOP plans to raise its authorised shares by 50 per cent or 2.5 billion units to cater for its upcoming bonus issue and future capital raising.The…
Barclays second big bank to give gloomy forecast
Barclays Bank of Kenya (BBK) has become the second lender to predict a drop in earnings this year, attributing the gloomy outlook to the interest rates cap law which has…
Raila forms legal team for campaign period
Orange Democratic Movement presidential candidate Raila Odinga has formed a legal team to represent him in court battles during the campaign period.The team will also handle legal matters on his…
Twitter partners with Bloomberg for streaming TV news
Twitter Inc is partnering with Bloomberg Media for a round-the-clock streaming television news service on the social networking platform, the Wall Street Journal reported on Sunday.The channel, which is yet…
Safaricom outage leaves millions off network for hours
Kenya’s largest telecom operator Safaricom could be facing stiff penalties after an outage left millions of customers in a communication blackout on Monday.The network suffered outages between 9:40am and 4:30pm…
Uber sets ‘flying car’ launch for 2020
Uber says it wants to launch a system of flying cars to move people around cities, with a goal of putting demonstration projects in place by 2020.The ridesharing giant announced…
Kenyans salute Keitany, Wanjiru for London marathon double
Kenya’s President Uhuru Kenyatta led his countrymen in saluting Mary Keitany and Daniel Wanjiru after their London marathon titles on Sunday.Keitany, who claimed a third women’s title in London to…
Gatlin trumps De Grasse, Thompson shines at World Relays
Evergreen American sprinter Justin Gatlin struck gold when he anchored his team to victory at the IAAF World Relays in Nassau on Saturday, while double Olympic champion Elaine Thompson shone…
KCB to lay off staff in cost cutting drive
KCB Group KCB • 34.75 ▲ 2.21% is set for another round of layoffs in an early retirement scheme for its employees intended to save Sh2 billion per annum in…
Police arrest Omar Mwinyi after disrupting voting
Changamwe MP Omar Mwinyi has been arrested after he led his supporters in disrupting voting at a polling station.Mr Mwinyi, who stormed Bomu Primary School, accused Mombasa Governor Hassan Joho…
Housing Finance eyes growth in MasterCard deal
Housing Finance Company (HFC) #ticker:HFCK, the mortgage lending and banking subsidiary of HF Group, has partnered with payment solutions firm MasterCard to issue debit cards as part of the bank’s…
Japanese car dealers in Kenya to help curb fraud
A delegation of Japan’s used car dealers has arrived in Nairobi to help craft strategies against fraud that has seen Kenyans lose millions of shillings through online vehicle purchases.Officials of…
Ex-Safaricom chief Joseph set to leave Vodafone
Former Safaricom #ticker:SCOM chief executive Michael Joseph is set to step down as Vodafone’s director of mobile money later this year as part of a wider plan to disengage from…
Chinese firm, KRA locked in Sh3.2bn tax claim row
The taxman and a Chinese firm are headed for a major legal brawl over a contested Sh3.5 billion outstanding tax, which the company claims has been exaggerated.High Court Judge Chacha…
Zlatan Ibrahimovic drained by fixture pile-up
Zlatan Ibrahimovic has revealed he is feeling the effects of being Manchester United’s main man in a hectic first season at Old Trafford.Ibrahimovic has already made 44 appearances and scored…
Mutunga joins club of top paid retirees
President Uhuru Kenyatta has signed into law a Bill that offers retired Chief Justice Willy Mutunga and Kalpana Rawal, who served as his deputy, more than Sh1 million in monthly…
Two Rivers seeks Sh2bn to fund real estate plans
Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum #ticker:ICDC, is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.TRDL, whose…
Mastermind to benefit most from cigarettes tax cut
Mastermind Tobacco will be the biggest beneficiary of the tax reduction on unfiltered cigarettes, according to London-based investment bank Exotix.Exotix says in a research note that Mastermind will gain the…
Colourful visit to seaside home of coast butterflies
A butterfly house is changing the lives of coastal peoples living near tropical forests in Kilifi, Kwale and Taita Taveta.The Mombasa Butterfly House, which is a Centre for Biodiversity and…
Philippe Coutinho, Roberto Firmino ride to Liverpool’s rescue
Brazil team-mates Philippe Coutinho and Roberto Firmino rose from the bench to score as Liverpool hit back to win 2-1 at Stoke City in the Premier League on Saturday.Jonathan Walters’s…
Conte warns Chelsea to forget about Spurs
Antonio Conte has warned his Chelsea stars not to worry about Tottenham’s results as the Premier League title race hots up this weekend.With just eight games remaining Chelsea are clinging…
Airtel stops pan-African scratch card top-ups
Telecoms firm Airtel has discontinued the service that allowed customers to top-up airtime using local scratch-cards whenever they travelled in Africa.The roaming top-up service was terminated last month and customers…
Safaricom’s M-Tiba uptake on the rise
At least 230,000 Kenyans are using Safaricom’s healthcare app M-Tiba, representing a five-fold growth since the product was rolled out nationwide six months ago.M-Tiba allows users to save money that…
Kenya Re profit hit by Sh665 million doubtful debt
Increased provisioning for doubtful debts from clients in Asia, Francophone countries in Africa and the Middle East by over five times (485 per cent) saw Kenya Re post a 7.5…
Federer denies Kyrgios, will battle Nadal for Miami crown
Roger Federer beat Australia’s Nick Kyrgios 7-6 (11/9), 6-7 (9/11), 7-6 (7/5) in a thriller on Friday to set up a mouth-watering Miami Open final against Rafael Nadal.Federer and Kyrgios…
Samsung to sell refurbished Galaxy Note 7s
Tech giant Samsung Electronics Co Ltd said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year…
I might have to pick myself, jokes United boss Mourinho
Manchester United manager Jose Mourinho has joked that the club’s injury blight may force him to pick himself for Sunday’s home game with Swansea City.Already missing six senior players, United…
Misfiring Malawi recall veteran Kamwendo for Chan tie
Misfiring Malawi have recalled veteran Joseph Kamwendo for a must-win African Nations Championship qualifier against Madagascar in Lilongwe Saturday.A late Morelin Raveloarison goal gave the dominant Madagascans a 1-0 first-leg…
Vettel masters Hamilton to win Australian Grand Prix
Sebastian Vettel out-manoeuvred Lewis Hamilton and the world champion Mercedes team with a stunning victory in the season-opening Australian Grand Prix in Melbourne on Sunday.Vettel won by almost 10 seconds…
Court stop poisons board from usurping quality lab functions
The High Court has brought to an end a supremacy battle between the National Quality Control Lab and the Pharmacy and Poisons Board, after it quashed an order by Health…
Carry your cross, Wamalwa tells PS
Water and Irrigation Cabinet Secretary Eugene Wamalwa has told his PS Patrick Nduati Mwangi to carry his own cross on the controversy surrounding the award of a Sh62.3 billion tender…
Mobile phone-based bonds sale set to finally roll out Thursday
The sale of the mobile-based M-Akiba Treasury bond starts on Thursday, ending a one-and-a-half-year wait for small retail investors to invest in government debt.M-Akiba, whose proceeds are earmarked for infrastructure…
How technology is reshaping accounting
Over the past decade, digital technologies have disrupted nearly every industry.Kenyans have not been left behind by these advances and research shows that they are increasingly switching to online shops,…
Fertiliser from Eldoret plant now ready for sale to farmers
The newly built fertiliser plant in Eldoret has started sales after the government bought five tonnes to be offered to farmers under the taxpayer-funded subsidy plan.Japanese conglomerate Toyota Tsusho owns…
Leopards can hold Hall in complete trust
Stewart Hall is AFC Leopards biggest signing this season.Yes, the Englishman joined the club as head coach last October, but it is he – and not anyone else at the…
Sagna calls for City response, Chelsea on title march
Bacary Sagna insists Manchester City will make amends for their Champions League misery by securing a crucial win against Liverpool, while leaders Chelsea aim to move a step closer to…
Monaco dump Man City out of Champions League
Tiemoue Bakayoko’s superb header fired Monaco into the Champions League quarter-finals as Wednesday’s 3-1 victory condemned Pep Guardiola’s Manchester City to a painful exit on away goals.Trailing 5-3 from the…
Zidane defends under-fire ‘keeper Navas
Real Madrid coach Zinedine Zidane hailed goalkeeper Keylor Navas’s contribution as the European champions leapfrogged Barcelona into top spot in La Liga despite the latest a series of blunders this…
Puzzle of Ukraine bid for Sh10bn yellow maize exports to Kenya
Officials on Wednesday remained mum as Ukraine announced that Kenya planned to import five million bags or 450,000 metric tonnes of yellow maize for the first time in five years…
Coutinho, Firmino fire Liverpool’s Euro dreams
Philippe Coutinho is proving invaluable to Liverpool as they attempt to secure Champions League qualification and his return to full health is crucial as they travel to West Bromwich Albion…
New Zealand advances to Canada Sevens quarters
New Zealand edged past Canada 15-14 on Saturday to top Pool D and book a quarter-final showdown with England at the Vancouver World Rugby Sevens.The Kiwis finished day one with…
Klopp keen to avoid familiar trap against Burnley
Liverpool’s season in the Premier League has developed a pattern of success against the top teams and struggles against those sides lower down.It is why last Saturday’s convincing 3-1 win…
Tea price defies jump forecast to drop by Sh14 at auction
Tea prices at the Mombasa auction dropped by Sh14 this week after remaining flat in the previous two weeks, defying the ongoing drought that had been touted to increase the…
Kenya Sevens win Challenge trophy in Vegas
Kenya on Monday clinched the Las Vegas Challenge trophy after beating Samoa 21-14 in the final at the Sam Boyd Stadium. It was Shujaa’s second piece of silverware in this…
Kane double keeps Spurs in title hunt
Harry Kane extended his hot streak with a blistering brace as Tottenham beat Everton 3-2 to close the gap on leaders Chelsea to seven points on Sunday.Kane opened the scoring…
KRA fights capital gains tax hitch
The Kenya Revenue Authority (KRA) wants the court to suspend an order stopping it from seeking capital gains tax following a verdict that declared its law unconstitutional.In a suit filed…
High diesel prices push up cost of ploughing farms
Rising diesel prices have pushed up the cost of ploughing farms in what could see farmers cut back on acreage under crops, aggravating the food crisis further.Farmers in the North…
Kibera slum football club defying odds to success
In Africa’s largest urban slum Kibera in the Kenyan capital Nairobi, a football team is defying all odds of success. The Kibera Black Stars have won three championship titles and…
Arsene Wenger’s Arsenal future ‘not sorted completely’
Arsenal manager Arsene Wenger said his future was “not sorted completely” on Thursday as he ducked another opportunity to make an announcement about what he intends to do.Wenger, Arsenal’s manager…
Williams drugs charge ‘harms All Blacks legacy’
New Zealand media Monday accused Ali Williams of tarnishing the image of the All Blacks after French police charged the World Cup-winning former international with buying cocaine.Williams and ex-Wallaby James…
Shelter Afrique issues profit warning as bad loans grow
Mortgage lender Shelter Afrique has issued a profit warning attributed to increased provisions for bad loans.This comes after a forensic audit confirmed allegations of creative accounting and subprime lending at…
Seven hospitalised in suspected cholera outbreak in Lamu
Seven people in Lamu have been hospitalised in a suspected outbreak of cholera.The patients from Pandanguo village in Witu showed cholera-like symptoms.County executive for Health Mohamed Kombo said the seven…
Fox apologises for using Westgate Mall attack footage in TV show
American television network Fox has apologised to Kenyans after it aired authentic footage of the Westgate Mall terror attack in Monday’s episode of their hit series “24 Legacy”.According to Quartz…
Government to pay increment for doctors for six months only
The national government will pay any salary rise given to doctors and nurses for only six months and then leave counties to take care of their health workers.Treasury Cabinet Secretary…
Ruto camp uneasy with Kenyatta secret deal with Moi and Kanu
President Kenyatta is torn between assuaging the political interests of his mentor, retired president Daniel Moi, and those of his Deputy William Ruto two days after he visited the former…
Real return fires up Bayern’s Alonso, Ancelotti
Bayern Munich’s Carlo Ancelotti and Xabi Alonso are relishing facing their former club Real Madrid when two of the favourites for the Champions League title clash in the quarter-finals.Holders Real…
Ebay founder to give Kenyans free money in universal basic income study
A charity organisation is planning to give low-income people in selected Kenyan rural villages free money with no strings attached to supplement their earnings and improve their living conditions.Pierre Omidyar,…
UAP Holdings’ profit drops 8pc to Sh826m on increased claims
UAP Holdings has recorded an eight per cent drop in net earnings for the year 2016 attributed to higher claims and lower commissions earnings.The insurer earned Sh826 million down from…
Senators commemorate life, success of late senator
Senators are mourning their Kwale colleague Boy Juma Boy, who died on Sunday after a short illness, describing him as a charismatic leader who will be greatly missed.Senate Speaker Ekwee…
Sossion tells teachers to ignore TSC order to work on weekends
Kenya National Union of Teachers (Knut) secretary-general Wilson Sossion has told teachers to defy an order by their employer to report to work on weekends.Mr Sossion said the order was…
Political promises on job creation must be actualised to help youth
Job creation has dominated discourse at every election.It will be same this year, in fact, more robustly than ever before.This is because unemployment is a serious social, economic and political…
Homa Bay fishermen catch bullets in Lake Victoria
Four fishermen on Lake Victoria had a surprising day out on the water, heaving in more than 800 live bullets in their net.The 806 rounds of ammunition, packed in a…
Kapseret MP Oscar Sudi’s kin was shot dead Wednesday night in the Kerio Valley.
The killing of William Lochuria Loikwang’ayel Suter, 72, an uncle of Mr Sudi, has raised to 40 the death toll from the endless clashes between the Pokot and Marakwet.The incident…
MPs tell government to take action against drug barons
Four Members of Parliament (MPs) from Mombasa have told the government to take action against drug barons if there is evidence.Addressing the media at Parliament Buildings in Nairobi on Tuesday,…
It’s an election, not an ethnic census
It’s an election, not an ethnic census. Kenyans, and particularly the political leaders, appear to be approaching the mobilisation of voters to register on the basis that the outcome of…
Uganda denies posting soldiers at Busia, Malaba border points
The Ugandan government has denied that it has deployed its soldiers to the Kenya-Uganda borders of Busia and Malaba.Busia-Uganda resident district commissioner Hussein Matanda on Friday said a story published…
Teachers want free learning cash released to schools in seven days
Teachers want free learning cash released to schools in seven days or else their operations will grind to a halt.Schools are yet to receive funds to buy learning materials and…
Kenyan tycoon wins Sh37.5bn tender to build gas plant in Mozambique
Kenyan tycoon Humphrey Kariuki has won a Sh37.5 billion tender to build a gas power plant in Mozambique.Mr Kariuki’s firm GL Africa Energy, which is based in the UK, will…
Wenger takes a swipe at rivals
Arsene Wenger claims Alexis Sanchez will be happy to stay with Arsenal because his club are the only London team worth playing for.Sanchez is yet to sign a new deal…
Kenya: First edition of the NBO Film Festival
Kenya’s film industry has seen a revival in recent years as the first edition of the NBO Film Festival was opened last Thursday.The main feature at the first edition of…
Family in fear after arrest of Akasha son, foreigners
The son of slain drug baron Ibrahim Akasha and two foreigners were arrested on Saturday and driven to an unknown location.Mr Ibrahim Akasha Abdalla, Mr Gulam Hussein and Mr Vijaygiri…
Local gangs not left out in flowing cash
Two years ago, President Uhuru Kenyatta ventured into the crime infested Nyalenda slums in Kisumu, mingling with locals with his security nowhere in sight.Never before had a Head of State,…
Courses to determine lecturers’ pay
University lecturers’ salaries will be based on the course taught as a new funding formula for the institutions takes effect in the new financial year that starts in July.Under the…
Ngeta city: Why muggers are having a field day in Nairobi
Within seconds of being attacked, the image of Marvin Wandabwa became an instant hit on social media depicting the mugging menace that has taken the Central Business District (CBD) by…
Growing expenses more than halve Unga Group net earnings
Human and animal feeds manufacturer Unga Group saw its net profit drop 2.4 times to Sh132.8 million in the half year ended December on the back of higher costs.It made…
A woman has claimed she has been denied the right to acquire a national identity card.
Mary Jessica Atieno, 27, applied for the document in Murang’a County, where she is married, but was instructed to make the application in her birth district in Kisumu County.Her husband,…
New IEBC team puts politicians on notice over incitement
The Independent Electoral and Boundaries Commission (IEBC) has urged politicians to desist from making statements during campaigns that would divide the country.Chairman Wafula Chebukati said political parties should respect the…
Fuel shortage looms as night transport ban sparks protests
The Interior ministry’s recent directive barring petroleum tankers from moving at night on Tuesday sparked off a row between the government and transporters that, if not resolved, could plunge the…
Unions maintain universities staff strike still active
Public universities academic staff have denied claims that they have called off their strike and vowed not to relent on their demands to have a proposed collective bargaining agreement approved.Representatives…
Why Uhuru rejected Mwangi Kiunjuri’s request to resign
President Uhuru Kenyatta has asked Devolution Cabinet Secretary Mwangi Kiunjuri not to vie for gubernatorial seat in Laikipia.President Kenyatta told the CS during a rally in Laikipia County not to…
Did President Uhuru Kenyatta make it rain in Nyeri?
President Uhuru Kenyatta’s voter registration drive in central Kenya was disrupted in Nyeri after heavy rains pounded the region when he started to address a crowd on Friday.Pushed by the…
Nairobi bourse worst-performing market globally – Bloomberg
The Nairobi Securities Exchange (NSE) is the worst-performing market globally year-to-date according to Bloomberg, with risk-averse investors shunning stocks for safe-haven government debt.The chief executive of the NSE Geoffrey Odundo…
Jubilee and Cord chiefs urge voters in their strongholds to register ahead of polls
President Uhuru Kenyatta and Cord leader Raila Odinga are on their nationwide tours to urge Kenyans to turn out in large numbers to register as voters.The ruling coalition and the…
IEBC rejects use of waiting cards in voter listing
The electoral commission says it registering an average of 2,000 per county per day in the month-long listing that started on Monday.Independent Electoral and Boundaries Commission CEO Ezra Chiloba on…
Zimbabwean doctors down their tools over low pay, poor working conditions
Zimbabwean doctors working in public hospitals went on strike Wednesday demanding better pay and improved working conditions at a time the government is struggling to pay its workers on time.The…
This is the intelligence that Hassan Joho received that made him vacate his Nyali house IMMEDIATELY
Mombasa governor moved out of his house in Nyali last week following friction with the national government. Apparently Joho received intelligence that made him make the move.Sometimes last week, Flying…
Tit for tat? Flying Squad raid the house of Joho’s close ally a day after the Mombasa governor chased police out of his compound
The friction between Mombasa governor and the government is thought to be the reason why police officers raided the house of his close ally today.Daily nation reports that Flying Squad…
Kenyans in last-minute rush to list as voters
It is not in doubt that Kenyans are given to the last-minute rush.And on Tuesday, they did not disappoint when they flocked voter registration centres, hours to the expiry of…
Aubameyang, Gabon denied in Africa Cup of Nations opener
Juary Soares grabbed a dramatic late equaliser for debutants Guinea-Bissau as they recovered from a Pierre-Emerick Aubameyang strike to hold hosts Gabon to a 1-1 draw in the Africa Cup…
UoN Vice Chancellor Warns First Years To Stay Away From Thirsty Male Students
A tweet which was posted by University of Nairobi (UoN) Vice Chancellor Prof. Peter Mbithi caused quite a buzz on the social networking platform.In his tweet, the VC asked female…
The government is set to receive 50 more locomotives by May 2017, ahead of the commissioning of the Sh372 billion standard gauge railway (SGR) on June 1.
Transport Cabinet Secretary James Macharia said in Mombasa on Wednesday that the second batch of six locomotives are expected to arrive at the Mombasa port in February while the last…
Donald Trump the “Twitter President”
Donald Trump says he was not surprised to come under attack from “liberal movie people” like Meryl Streep at last night Golden Globe awards.Meryl Streep berated the President elect in…
South African 800m athlete Caster Semenya and long-time partner, have officially tied the knot.
Sport24 reports that, Semenya and Raseboya were the toast of Twitter on Saturday afternoon with pics of their wedding ceremony flooding social media.Semenya first shot to stardom in 2009 when…
Mercy Masika to build Kes 20 million school in Pokot
The flourishing gospel singer has embarked on a multimillion shillings project in one the most marginalized areas in Kenya.When Pokot is mentioned, the next thing that strikes your mind is…
Doctors to assess State’s pay deal to end strike
The government has offered doctors a pay hike of more than 40 per cent to end their month-long strike.In an offer announced from State House In Mombasa after a day-long…
President Uhuru Kenyatta meets doctors in Mombasa over strike
The doctors’ union and a negotiation team from the government are meeting President Uhuru Kenyatta at State House in Mombasa over their strike.Kenya Medical Practitioners, Pharmacists and Dentists Union (KMPDU)…
Selection panel defends choice of new IEBC team
The selection panel that submitted nominees to President Uhuru Kenyatta for chairman and commissioners of the new-look electoral commission, has defended its choices, amidst growing criticism.Mrs Bernadette Musundi, the chairperson…
Seven counties yet to pay their doctors, says union
Seven counties have not paid more than 300 striking doctors their December salaries, the Kenya Medical Practitioners, Pharmacists and Dentists Union (KMPDU) has disclosed.Union officials named Mombasa, Bomet, Kwale, Siaya,…
Man who clung on Raila’s chopper in Meru denies suicide charges
The man who clung on Cord leader Raila Odinga’s chopper last week has denied charges of attempted suicide before a Maua court.Senior Resident Magistrate Anthony Munene ruled yesterday that Julius…