The Nairobi Securities Exchange (NSE) has appointed Frank Mwiti as its new CEO effective May 2, 2024, to replace Geoffrey Odundo whose term will end on March 1, 2024. In a statement issued on Tuesday, February 20, the NSE recognised the dedication and outstanding performance of Mr Odundo for the nine years he served as the chief executive. “Through his pioneering vision, he has transformed the NSE into a world-class exchange anchored on a wide variety of globally accepted investment products and cutting-edge technology, including the Real Estate Investment Trusts (REITs), Exchange Traded Funds (ETFs), Derivatives Market, Green Bonds, the…
Author: NBM CORRESPONDENT
After days of gaining value against the US dollar, experts warn that the Kenyan shilling may continue to experience a decline, pushing up the cost of basic goods and services. A document prepared by the Parliamentary Budget Office (PBO) and published on Monday February 19, 2024, shows that local currency is likely to continue depreciating against the US dollar for much of 2024. This depreciation in the value of the shilling, PBO points out, is likely to be informed by factors such as the ripple effect of high US interest rates, geopolitical tensions and the rising cost of imports, which…
Mango farmers in Makueni County decry exploitation as middlemen pay peanuts for the commodity only to sell the same at huge profits Lack of a ready market has contributed to the continued exploitation of mango farmers in Makueni County by middlemen, who buy the commodity at low prices, only to sell the same at huge profits elsewhere. The county’s chief officer for agriculture, Japheth Kiminza, speaking at Kwa Kathoka Agricultural Training Centre, during the launch of Faidika, a project which aims at promoting fruit value chain while ensuring market access to fruit farmers, said the farmers are yet to find…
A manufacturer, Mahindra Tractors has partnered with Simba Colt Aspire, a subsidiary of Simba Corporation Ltd, to launch three tractors as it seeks to strengthen its presence in the Kenyan agriculture market.
Africa’s logistics sector is growing into a lucrative market and strategic hub within the global logistics network as investors’ confidence in the sector increases.
The Zero Malaria Campaign Coalition under the auspices of the ministry of health’s national malaria control program has launched a new malaria campaign aimed at reducing the number of infections in the country. Dubbed the “Power of EveryONE”, it seeks to give every Kenyan the opportunity to play their part in the national goal for zero malaria and ending the deadly disease for good. The “Zero Malaria Starts With Me” campaign was on Thursday February 15, launched at an event hosted at the Afrika House in Karen Nairobi. The campaign was developed through extensive community engagements and in collaboration with…
Airtel Kenya has opened a customer care shop in Maralal town, Samburu County as part of its ongoing efforts to improve customer service and enhance accessibility to its products and services. The shop, located at Umbrella Mall, brings to a total of 67 Airtel customer care shops spread across 40 counties within the country. This addition to Airtel Kenya’s service footprint underscores the company’s dedication to meeting the evolving needs of its valued customers. With over 2000 Airtel outlets nationwide, the company is delivering on its commitment to bring services closer to its customers. “We are delighted to open our…
EPRA has said new petrol and diesel prices for the period between February 15 and March 14, 2024 will drop by Sh1 The Energy and Petroleum Regulatory Authority has reduced the price of petrol, diesel and kerosene prices by Sh1, to align with a drop in the price of world crude oil over the past three months. EPRA said in a statement on Wednesday, February 14, that the new prices are inclusive of 16% Value Added Tax (VAT), which is in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates…
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In keeping up with that spirit of love and sharing, an upscale chain of restaurants, Café deli, hosted a special brunch at its Ngong Road branch on Wednesday, February 14, for journalists in recognition of the industry’s invaluable role in educating, entertaining and informing the masses.