A number of prime office space landlords in Nairobi are now setting rent prices in dollars, joining a growing number of businesses that are pegging daily sales prices on the movement of the greenback in a bid to cushion themselves against forex losses triggered by the weakening shilling.The emerging preference…
The Treasury has slashed the budget of the National Intelligence Service (NIS) by Sh10 billion as the State moves to implement an austerity plan on the expenditures of ministries, departments, and agencies (MDAs) in the current 2022/2023.The Treasury cut the budget for the security intelligence from S6.127 billion to Sh36.127…
The NCBA Group has widened the financing options for a Sh2 billion electric vehicle funding kitty amid low uptake since its roll-out last year.NCBA Group CEO John Gachora on Tuesday disclosed that the bank has so far lent an estimated Sh50 million, a low uptake that prompted a review of…
In today's workplaces, social media platforms have increasingly become important tools for employees' career promotion and well-being.Using Facebook, Twitter, Instagram, and TikTok pages to publish 'A Day in my life' videos is a trend that had caught up among employees, especially in the last few years. While sharing details about…
Safaricom has restricted the time within, which customers can use up data resources bought through the use of its Bonga loyalty points, marking an aggressive policy to push the use of the points which are a liability to the telco.Bonga data bundles that were previously marked as having no expiry…
Tea growers have received Sh7.5 billion in loans in six months from the Kenya Tea Development Agency (KTDA) subsidiary Greenland Fedha Limited.The microfinance cut its interest rate to eight percent in December 2021, down from the 21 percent it was charging, saving farmers Sh500 million during the period, the lender…
The world is abuzz with chatter. From office workers gathered around water coolers in Chicago to staff on Zoom calls in London to eager university students in Tokyo to nervous public relations firms in Buenos Aires over to right here in Nairobi with IT programmers, the world of work is…
Last year Kenya attained a milestone in aviation after a mandatory International Civil Aviation Organisation (ICAO) universal security audit scored the State at 91.77 percent, the highest-ever recorded for the region.This is a crucial achievement for the growth and development of civil aviation in Kenya, East Africa, and the rest…
Kenya National Highways Authority (KeNHA) has received the court's backing to remove billboards erected on road reserves without approval from its Director General.The Court of Appeal said in a ruling that anyone seeking to erect billboards on road reserves or along the highways should seek approval from the Director General…
The Ethics and Anti-Corruption Commission (EACC) and a Treasury official suspected of embezzling more than Sh36 million from the government are exploring an out-of-court settlement in a case filed by the agency seeking the forfeiture of the millions.Appearing before the Anti-Corruption court on Tuesday morning, EACC informed Justice Esther Maina…