According to EuroMoney Awards for Excellence 2020, Stanbic bank is Kenya’s best investment bank. This is the second time the bank has won an award from the global institution. Stanbic’s ability to deliver solutions across a range of products and services to its customers secured the award. Further, the bank has […]

The monopoly Kenya Power and Lighting Company (KPLC) is currently negotiating with the Energy and Petroleum Regulatory Authority (EPRA) to increase electricity prices by up to 20pc. This is after the Kenyan government softened its earlier stand against higher tariffs giving KPLC the freedom to revise their tariffs. Kenya Power now […]

NEC Corporation and SITA today announced a global partnership to develop market-leading solutions that enable a secure walk-through travel experience at airports, leveraging NEC’s I Delight identity management platform together with SITA Smart Path and SITA Flex. The partnership comes as airports and airlines increasingly look to low-touch and automated passenger processing in order to […]

Supermarket chain, Naivas, has opened a new branch in Nairobi. The 64th store is located on Mombasa road opposite the Syokimau Railway station and has been designed as a fresh food outlet to serve the burgeoning population of residents and businesses on the western side of Machakos County. It is […]

The Tusker Mattress Limited Board of Directors say they have secured a suppliers’ commitment to avail supplies for sale pending the conclusion of the capitalization effort. Under this arrangement, suppliers have signed in on a short-term portal that will ring-fence their supplies and ensure timely payment for the same. In a […]

The government is currently coming up with guidelines to be followed after it lifts a temporary ban on second-hand clothes (Mitumba) and shoes, giving hope to Kenyan traders and casual workers. Industrialization and Trade Cabinet Secretary Betty Maina has already given the Kenya Bureau of Standards (Kebs) the go-ahead to […]

The military led Nairobi Metropolitan Service (NMS) has overseen expenditure worth Sh3.8 billion in less than three months. The Junta whose financial use calculates to Sh42 million per day has engaged in various works including rehabilitation of streets, garbage collection, and demolitions at night to pave way for improvements of […]