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 […]

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 […]

Officials of the Mitumba Association have urged the Ministry of Trade, Industrialization and Enterprise Development to lift the ban on second-hand clothing imposed in early March by the Kenya Bureau of Standards (Kebs) to save two million and an additional 19 million who trade and purchase mitumba items respectively. This […]

Selfish Kenyan legislators have rejected the National Treasury’s proposal to allocate Sh1.5 billion to purchase Covid-19 testing kits and chemical reagents, holding back coronavirus testing in the country which may lead a possible public health crisis. The same Members of Parliament had earlier voted to ring-fence its annual budget from […]

Applying for a paybill number has become much simpler since the process became digitized. Among Safaricom’s popular products, are short term paybill numbers. They can be used to fundraise for weddings, funerals, school fees, medical appeals or for any charity events. Short term paybill numbers are essential for the period […]