The Capital Markets Authority (CMA) announced Wednesday it had approved Safaricom PLC to establish Ziidi Money Market Fund, a new investment scheme that seeks to disrupt the market. In a statement, CMA noted that the MMF will be available on the M-pesa platform hence making it easier for its customers to grow wealth through capital […]
Creating durable, aesthetically pleasing spaces is a cornerstone of architectural design, especially in commercial and industrial environments. Among the materials that meet the demands of longevity, functionality, and style, stainless steel stands out. Stainless steel doors, in particular, have emerged as a staple in modern construction, offering unmatched benefits that ensure spaces remain both functional […]
Central Bank of Kenya (CBK) Deputy Governor nominee Gerald Arita Nyaoma Monday vowed to fight money laundering and institute measures to counter the financing of terrorism. Appearing before a joint committee of Parliament for vetting, Nyaoma, an experienced financial expert, said curbing the vices is at the centre of his agenda to reform the country’s […]
The High Court quashed a public notice issued by Safaricom in October 2022 that introduced expiry dates on its loyalty program popularly known as Bonga Points. Justice Chacha Mwita at the same time prohibited Safaricom from giving effect to the notice which purported to introduce expiry dates on Bonga points service of more than three […]
Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), has announced he will resign on January 20, the day of President-elect Donald Trump’s inauguration. Gensler confirmed his departure on social media platform X, saying, “I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and […]
Having a bank account in this interconnected digital world provides convenience and allows us to save time. Bank accounts encourage you to manage your finances while keeping your money safe. Whether you want to save money, pay fees and bills, or receive an amount for a loan, performing these tasks is not a problem if […]
President William Ruto has announced that Kenya’s economy is projected to grow by 5% in 2024 and 5.6% in 2025, building on last year’s 5.6% growth. Speaking during the state address, Ruto attributed the steady economic growth to government initiatives aimed at revitalizing the agricultural sector. These efforts include providing farmers with subsidized fertilizer and […]
The Central Bank of Kenya (CBK) has announced that the new Sh50, Sh100, Sh200, and Sh500 banknotes are now in circulation. This follows the earlier release of the Sh1,000 note, which was the first to be introduced after CBK announced updates to Kenyan banknotes on August 6, 2024. In a statement on Wednesday, CBK confirmed […]
The National Treasury has denied allegations by the Council of Governors (CoG) that it owes counties Sh63.6 billion for October and November 2024. According to documents seen by Kahawa Tungu, the Treasury disbursed Sh30.8 billion on November 18, 2024, which is currently being processed. The records detail payments made to counties, including a Sh32.8 billion […]
In a world of competition and change, entrepreneurs, executives and business owners are on a mission to stay ahead, adapt and scale. While this is an exciting journey, it can also feel like you’re climbing a mountain alone – blindfolded. Enter the business coach, a trusted guide who not only shows you the way forward […]
Arsenal beat West Ham United 5-2 at the London Stadium on Saturday evening thanks to a stunning 26-minute first-half attacking display. The Gunners started off brilliantly, with a Gabriel header opening the scoring before a sublime team move put them 2-0 up. And it only got better, with Martin Odegaard’s penalty and a Kai Havertz […]
Saturday night under the lights at the Lusail International Circuit offered perhaps the most critical qualifying session of the 2024 Formula 1 season. With McLaren inching closer to clinching the 2024 Constructors’ Championship, and both Ferrari and Red Bull hoping to stay alive in that fight, every position on the grid matters. George Russell threw […]
