Telco, Safaricom, has launched “Niokolee”, a service that allows its users to solicit for airtime top-ups from friends and family. Niokolee is an informal language that loosely translates to ‘Help me out’. The service is available to both prepaid and postpaid Safaricom customers. Niokolee will enable users to place a request to other Safaricom customers to send them Safaricom airtime, with amounts ranging from Sh10 to Sh100. Users have to dial 444# and select the Niokolee option to place a request. You will then enter the desired amount before keying in the Safaricom number to which the request is being…
Author: NBM CORRESPONDENT
The patron of vintage Africa cars motor show, Concours d’Elegance, Kevit Desai will headline this year’s show with his magnificent Mercedes 450SLC coupe and his 1968 gleaming bronze Jaguar 420 Saloon.Dr Desai who is the Patron of the Africa Concours d’Elegance, is set to lead the entries from the front with his superb car collections. Other noteworthy cars already listed for the classiest event on the Kenya motorsport calendar set to be held on September 24, 2023, include a 1969 Alfa Romeo spider sports car for Alec Davis.The class for utility vehicles has been strongly supported by Jan Allan and Jonathan…
BY MUMBI MUTOKO Former Treasury Principal Secretary Kamau Thugge has been nominated to replace Patrick Njoroge as the governor of the Central Bank of Kenya (CBK). The nomination, made on the recommendation of the Public Service Commission, means that Mr. Thugge, who currently serves as a senior adviser and Head of Fiscal Affairs and Budget Policy at State House, is set to make a comeback after he was fired from his position at the National Treasury over accusations of corruption. The former Principal Secretary’s departure from the National Treasury was marred by allegations regarding his involvement in the construction of…
The Kenya Electricity Transmission Company (KETRACO) has appointed Dr John Mativo as the new managing director. The appointment of Dr Mativo follows a recruitment process that saw the company’s board of directors chaired by Abdi Bare Duale interview a pool of about 194 applicants. The seat had fallen vacant following the resignation of Mr Ferdinand Barasa who left the position last year to contest for the Kakamega governorship seat. Dr Mativo, who takes over the leadership of the company on a three-year contract effective from April 24, 2023, is expected to bring on board sufficient skills in leadership and management of resources,…
Association of Kenya Insurers (AKI) is the latest public institution to commit to collaborate with the Ethics and Anti-Corruption Commission (EACC) in strengthening its systems and processes for effective service delivery. Terming the insurance sector operations as highly prone to corruption if proper measures are not put in place, Mr. William Kiama, AKI’s manager for General Insurance Business hailed the collaboration as one that would help streamline operations in the sector. He was speaking at a Nairobi hotel last week at EACC’s prevention capacity building for the Claims/Legal managers of the independent advisory body for insurance industry. “This training will…
Crypto trading company, Worldcoin, has teamed up with local organizations to provide access to the global digital economy and to offer educational resources on blockchain technology and emerging web3 technologies to Kenyans. Since its pilot phase, Worldcoin has garnered over 360,000 sign-ups and the World App has been downloaded over 1,200 times per day. With 16 locations across Nairobi, the product provides Kenyans with access to the USD and cryptocurrencies, which were previously limited and expensive to acquire. The P2P agents are also Worldcoin Operators, providing an added layer of transparency and trust. One of the key features of Worldcoin’s…
By Edwin Okoth March 2023 ended with a dent in Kenya’s currency stability when the shilling touched a record low against the dollar, and all concerned parties went on overdrive to save the shilling. From efforts to push exports, cut the import bill, reign on banks and bureaus, and anything in between, all hands have been on deck to try and freeze the freefall that had seen bureaus exchanging a dollar at more than Sh140.Sources close to the ‘operation save the shilling ‘say the National Treasury, the Central Bank of Kenya, and the ministry of trade were all pulled into…
Kenya’s privatization process has been exceedingly slow over the years, despite the previous administration earmarking 26 parastatals to be privatized in 2016 Privatization generally refers to transfer of ownership of an entity or a corporation from public to private sector. Privatization typically aims at enhancing economic efficiency by improving a company’s performance, cease or reduce the need for government economic intervention. Further, privatizations have been used to induce competition in monopolized sectors. Globally, one of the notable privatization of State Owned Enterprises (SOEs) was British Airways in 1987 when it was listed on the London Stock Exchange. Closer home in developing…
For Joyce Kiragu, a general manager at Orient Asset Managers, women drive economies. A mother of two and the firstborn in a family of four, Ms Kiragu, who describes her childhood and family life as “sweet and bubbly”, started her career as an accountant in the Information Technology (IT) industry working for Technology Today. Though she loved her job as an accountant, she realized that that was not her forte. Being in the office for the whole day was not fulfilling. The top executive re-oriented her career to reflect her life goals, and good were the days when she would…
The plan is in line with the company’s vision of transitioning to electric mobility BY ANTONY MUTUNGA The Car & General company has announced plans to introduce an electric two-wheeler motorcycle and a three wheelers tuk-tuks to the market. According to Vijay Gidoomal, the group chief executive officer said the plan was in line with the company’s vision of transitioning to electric mobility. He said that the company is looking to start the process early with the introduction of electric two-wheeler and three wheelers set for this year and 2024. Electric tuk-tuks from the group are expected to hit the…
