This past weekend, the Nairobi Polo Club was the scene of unmatched luxury and competitive spirit as Veuve Clicquot, the renowned champagne house, added a lavish touch to the Kenya International 10-Goal Polo Tournament. As a key sponsor, Veuve Clicquot not only brought the excitement of polo but also the elegance of champagne to this […]
Diamond Trust Bank (DTB) has officially opened a new branch in Bondo, Siaya County, marking a significant expansion in its network as it unveils its 88th branch in Kenya and 158th in East Africa. Located in the Naya Centre, this strategic move aims to bring DTB’s comprehensive financial services closer to its customers and penetrate […]
In an ambitious move to bolster vocational training in Kenya, the M-Pesa Foundation, in collaboration with the University of Embu, has launched a comprehensive Technical and Vocational Education and Training (TVET) scholarship program. This initiative is set to empower 1,300 youth from all 47 counties with skills that are critical in today’s job market. The […]
In a significant stride toward gender equity in the trades sector, seventy-eight young women from Nairobi and Kiambu Counties are poised to celebrate their graduation from a comprehensive plumbing and electrical skills training program. The ceremony, funded by the United States through PEPFAR and USAID, is scheduled for September 11th, 2024, at the Sportsview Hotel, […]
The British Council has announced its flagship event, the New Directions Conference, will be hosted for the first time in Nairobi, Kenya from September 24-26, 2024. Marking its debut in Africa, this significant event is set to bring together the professional language testing and learning community from across Sub-Saharan Africa and beyond. The conference aims […]
Kenya’s foreign exchange reserves recorded a significant boost, rising by $154 million to reach $7.503 billion as of 5th September 2024. This increase, according to data released last week, brought the country’s import cover to 3.9 months, slightly up from the 3.8 months reported the previous week when the reserves stood at $7.349 billion. This […]
In a move that brings some relief to borrowers, Equity Bank has announced a reduction in its reference rate to 17.83%, effective from 9th September 2024. This change follows last month’s adjustment of the Central Bank Rate (CBR) by the Central Bank of Kenya (CBK), which saw the rate decrease from 13% to 12.75%, a […]
The Eurobond market has been a barometer for Kenya’s economic sentiment on the global stage, and this past week, the readings have signalled a noticeable shift. The yields on Kenya’s Eurobonds have experienced significant increases, marking a week of substantial volatility and raising concerns among investors about the underlying factors driving these movements. This week, […]
In a bid to enhance transparency and bolster investor confidence in the Kenyan capital markets, the Nairobi Securities Exchange (NSE) along with the Capital Markets Authority (CMA) has introduced a new directive for all listed companies. Effective immediately, these entities are required to develop and publicly share forward-looking calendars that detail all upcoming corporate events […]
In a significant legal development, the High Court of Kenya has granted the Law Society of Kenya (LSK) and the Kenya Human Rights Commission (KHRC) leave to file a judicial review challenging the Kenya Airport Authority’s (KAA) decision to lease Jomo Kenyatta International Airport (JKIA) to Adani Group for a period of 30 years. This […]
