Kenya Power has issued a critical reminder to its prepaid electricity customers to update their meter software before the fast-approaching deadline on August 31, 2024. The nationwide campaign, launched in mid-June 2024, aims to ensure all prepaid meters are updated to maintain uninterrupted access to electricity services. With just days remaining, Kenya Power has emphasized […]
In a significant move aimed at expanding its footprint across the African continent, Qatar Airways Group has acquired a 25% stake in Southern Africa’s largest independent regional airline, Airlink. This development marks a pivotal step in the airline’s African growth strategy, enhancing the already established codeshare partnership between the two carriers. Qatar Airways’ investment in […]
I&M Group PLC has reported a strong financial performance for the first half of 2024, showcasing a 24% increase in Profit Before Tax (PBT), which now stands at KShs. 8.7 billion. This marks a significant rise from KShs. 7.0 billion during the same period in 2023, underscoring the Group’s strategic resilience and effective management across […]
KCB Group Plc, East Africa’s largest commercial bank, has reported an impressive 86% increase in profit after tax, reaching KShs. 29.9 billion for the first half of 2024. This significant growth, up from KShs. 16.1 billion in the same period last year, underscores KCB’s ability to thrive despite a challenging economic landscape. The bank’s balance […]
In a revealing report submitted to Parliament on August 21, 2024, the Central Bank of Kenya (CBK) disclosed the severity of the financial predicament that had loomed over the country—a potential “stockout” of KES 1000 banknotes that could have disrupted Kenya’s financial system. This crisis followed the unexpected closure of the De La Rue plant […]
Wegagen Bank, in partnership with Visa Inc, has officially launched its International Pre-Paid Visa card service that enables customers of the Bank, embassy staff, and international organization employees to make global payments without the need to carry cash. The launch ceremony was held at the Planet Hotel, Mekelle and was attended by the guest of […]
International trade fairs offer businesses an unparalleled opportunity to showcase their products, network with potential buyers, and explore new markets. For Kenyan businesses, participating in these events can be a gateway to global expansion, increased sales, and valuable industry insights. However, successfully participating in international trade fairs requires careful planning, strategic execution, and a clear […]
Kenya is not just a land of stunning landscapes and abundant wildlife; it is also a sanctuary for those seeking rejuvenation and holistic well-being. With a growing emphasis on health and wellness, Kenya has emerged as a top destination for wellness retreats, offering a blend of luxurious spa experiences, yoga, meditation, and natural therapies. Below […]
Incorporating Money Market Funds (MMFs) into your retirement plan can be a strategic move to enhance the stability and liquidity of your investment portfolio. As you approach retirement, balancing growth with risk management becomes crucial, and MMFs offer a unique blend of safety, liquidity, and modest returns that can complement other retirement savings options. This […]
Savings and Credit Cooperative Organizations (SACCOs) have become an integral part of Kenya’s financial landscape, offering an array of benefits that make them an attractive option for savers. Unlike traditional banks, SACCOs are member-driven financial institutions that prioritize the needs of their members, ensuring that their services are tailored to enhance financial well-being. In this […]
