The first ever squash tournament in Kenya sponsored by Kenya Orient Life Assurance to promote the game in the country and inspire a new generation of players will be held in Nairobi from April 19 to 21, 2024. Dubbed “Mara Squash League”, the tournament, which promises a prize purse of Sh1.6 million for the winning teams, has attracted 48 players from Kenya, Uganda, Zambia, Nigeria, India and Sri Lanka and will have 8 teams with each team comprising of 6 members including two international players, a female player and Kenyan players, the principal officer of the company, Jackson Muli, said…
Author: NBM CORRESPONDENT
The number of purchases and turnovers of payments using QR codes increased by 1.5 times more, says Tinkoff Business Purchases made by Tinkoff Bank clients with the use of QR codes increased fivefold in 2023, and by 23 times in 2021, according to a research by Tinkoff Business. “In 2023, buyers made five times more purchases using QR codes than in 2022 and 53 times more than in 2021. In 2023, turnovers of payments with the use of QR codes turned out to be four times larger than in the last year and 15 times than in 2021. According to…
The Hustler fund will be repackaged to allow Muslims to access it, according to Presidential Communication Service (PCS) President William Ruto said on Monday, April 8, during an Iftar dinner at State House that packaging the fund to be Shariah compliant would deepen financial inclusion in Kenya. “We will also adjust other Government financial instruments to comply with the Islamic Law,” Ruto said. He urged religious leaders to be on the forefront in praying for the country, and added that more than seven million Kenyans are benefiting from the fund that was launched about 17 months ago – on November…
In order to achieve better living standards for her citizens, every emerging country has to go through several phases. Unfortunately, the focus is mainly on quantity and not quality. People care only about today and not for the future. For sustainable growth and better standards of living, it is a basic requirement to include quality and planning. Over the last few years, Kenya has been on a fast forward movement. Its economy, at first sight, seems to be booming. The average standards of living are getting better in theory, and people are investing their future in promising sectors like the…
Targeting corporate, public service, agribusiness and processing, construction and education transport sectors, Swanley motors will offer sales, spares, and vehicle servicing for Simba Corporation brands in the largely agricultural region.
By Seth Onyango Affluent domestic and overseas tourists are driving a growth in high-end hotels in Africa, where a single night’s stay can cost more than $3,000. Over 396 luxury hotels totalling 75,364 rooms are currently in development across the continent, according to the 2024 W Hospitality Group’s development pipeline report. “The top 10 brands account for about half of all chain hotels and resorts under construction in Africa, with the top 5, being Hilton, Radisson, Marriott Hotels & Resorts, Protea Hotels and Four Points by Sheraton, all having similar numbers,” it says. “Three of those top 5 brands are…
Bank of Kigali (BoK) has halted operations in Nairobi after the Central Bank of Kenya (CBK) withdrew its license effective April 2, 2024.
According to Bloomberg, the product is a self-driving taxi, which was presented to investors in 2019 Tesla plans to unveil its long-anticipated robotaxi in August, Chief Executive Officer Elon Musk revealed on X. “Tesla Robotaxi unveil on 8/8,” he said. According to Bloomberg, the product is a self-driving taxi, which was presented to investors in 2019. Tesla’s shares rose by 5.1% after the development.
Dive into the Latest Edition of Nairobi Business Monthly! Discover the inside scoop on the Nairobi Securities Exchange’s remarkable turnaround in our main story: “After the Bear Comes the Bull.” ➡️ Uncover the secrets behind the market’s shift, whether it’s the departure of CEO Geoffrey Odundo or the strengthening of the Kenyan shilling. But that’s not all! Our April issue is packed with exclusive insights, including: Turkana and West Pokot’s Joint Investment Conference The latest trends in technology and innovation How Chinese tourism is being transformed by technology Don’t miss out on the pulse of Nairobi’s business scene! Download your…
Plans by the government to make access to healthcare treatment for cancer patients cheaper have begun in earnest after Members of Parliament (MPs) in the National Assembly approved a Bill that seeks to reduce the burden of the disease on families.