The cabinet has approved the privatization of the Development Bank of Kenya and at least five state-owned hotels and lodges through the sale of their shares. The announcement was made after a cabinet meeting that was chaired by President William Ruto on Wednesday, February 14. The cabinet said that the move was part of Kenya Kwanza’s administration’s plan to steer the turnaround of State Corporations and other State-Owned Enterprises. “The decision by our nation’s apex policy-making organ was informed by the fact the Bank had fully transitioned into a fully-fledged Deposit taking commercial bank regulated by the Central Bank of…
Author: Silas Apollo
Silas Apollo
Silas Apollo is a Nairobi based journalist who specializes in politics, current affairs and business reporting. He has about 10 years of experience as a journalism, working both as a print and broadcast journalist.
44 beneficiaries of the Family Group Foundation “Tufuzu na Elimu” high school scholarships programme have attained a mean grade of C+ and above in the 2023 KCSE examinations, meeting the university entry grade requirements, signifying 83% transition to tertiary education. Fifty-three students from the programme sat for the 2023 KCSE examinations with the top student attaining a mean grade of A, nine students with A minus and 34 students attaining grades between B plus and C plus. The students were beneficiaries of the 2020 4-year scholarship cohort and were selected from 31 counties countrywide. “We firmly believe that every child…
The Lunar Year celebrations is the most important traditional festival in China and also one of the important festivals celebrated by Chinese worldwide. The Chinese community in Kenya on Saturday, February 10, celebrated the Chinese New Year in an event that was marked with pomp and colour and graced by various dignitaries, and guests. Held at the Chris Kirubi Square in Two Rivers mall, the event celebrated the “joyful and peaceful” Lunar New Year, or Spring Festival culture. It was celebrated through art performances and exhibitions, food tasting and other cultural activities, with Chinese Ambassador to Kenya Zhou Pingjian and…
Coming at a time when mobile money transfer has become an economic power to a majority of Kenyans, the development will ensure seamless mobile money interoperability Airtel Money customers can now receive money directly into their mobile money wallet from any network without a withdrawal code that carried seven-day validity. Rolled out on February 6, 2024, the development comes in response to the Central Bank of Kenya (CBK) and industry players collaborative efforts to ensure seamless mobile money interoperability. The CBK National Payments Strategy 2022-2025 requires all mobile money providers to ensure a seamless customer journey across their different channels.…
The much-anticipated Safari Rally Kenya is set to resume this year on Easter holidays after the World Rally Championship confirmed that the Kenyan series will start from March 28 and end on March 31, 2024, in Nairobi and Naivasha. According to the calendar released by the Federation Internationale de I’ Automobile (FIA) World Motorsports Council, the 13 rounds championship will feature Poland and Latvia. The Kenyan series has been scheduled for March 28 to March 31, 2024, according to the FIA statement. Already, preparations for the 2024 World Rally Championship Safari Rally Kenya have hit top gear with the inauguration…
The gas filling station in Embakasi, Nairobi where an explosion occurred on Thursday night was operating illegally, the Energy Petroleum Regulatory Authority (EPRA) has confirmed.
The anonymized self-reported data indicates that the surge in the uptake of school loans was mostly experienced during the back-to-school months of January, August and September, with close to 10-15 % of all loans taken by customers in Kenya used for school-related purposes.
Real estate developer Superior Homes Kenya has partnered with Absa Bank Kenya to enable home buyers enjoy 90% financing when purchasing a home.
The American Tower Corporation (ATC) Kenya has appointed George Odenyo as its new chief executive officer effective January 1, 2024.
The government on Monday evening moved in to curb the rising cases of insecurity and criminal activities in short term rentals and residential buildings thanks to rising cases of criminal activities including murder. In the new directives published by the ministry of interior in response to growing cases of crime, all private security companies guarding residential apartments, lodgings and hospitality facilities will now be required to register all visitors or face penalties. In the regulations issued by the Private Security Regulatory Authority chief executive officer Fazul Mahamed, visitors seeking access to private properties will henceforth be required to provide identification…