One of the leading Savings & Credit Co-operatives in Kenya, Harambee Sacco has today launched instant card-issuance to members. This means that members of Harambee Sacco can, from today apply for and instantly receive a Visa Debit card and immediately start using the card to transact in the usual way at any Visa-branded outlet including […]

Kenya’s banking sector showed resilient performance despite the tough operating environment which was largely attributable to persistent revenue diversification. This is according to an analysis of the financial performance of listed banks done by the Cytonn Financial Services Research Team for the first quarter of this year. The report has also carried out a comprehensive […]

The hurried appointment of Safaricom CEO Peter Ndegwa has come back to haunt the board. Insiders say that enraged and bitter Vodafone stakeholders who missed out on the appointment are out to paint a dark picture of Ndegwa, using current board members to blackball him into submission or cause a munity ripple in the orgnaisation. […]

Current Capital Markets Authority (CMA) chairman James Ndegwa has appointed Paul Murithi Muthaura, the former CMA CEO as the chief operating officer (COO) of ICEA Lion Insurance, a firm associated with the former. The post was recently created to accomodate the lawyer, who has been out in the cold without a job since he left […]

BREAD, PESTICIDES AND COOKING GAS TO BE CHARGED VAT Kenyans will be shocked next week when the Tax Laws (Amendment) Bill, 2020 is brought before parliament next week. This is the bill meant to legislate the tax measures that Uhuru announced as his economic response to the COVID 19 fight. While the overall VAT has […]

By Naftal Nyabuto I have spoken to hundreds of small and medium businesses on what I call ‘the spider economy’ , and ‘loyalty program’ on the subject of business process disruptions for years now. Customer centric solutions are here with us and they are going to Tsunami anybody trying to resist .Unfortunately ,that disruption has […]

Kenya Ports Authority (KPA) Managing Director Dr Daniel Manduku has resigned barely days after his arrest over an alleged corruption scandal. Manduku, in a letter to Transport Cabinet Secretary James Macharia dated March 26, 2020, said he had come to the decision after deep introspection and lengthy consultations. The embattled MD, while saying the opportunity […]

Safaricom on Monday announced it will waive fees for MPesa transactions below Sh1,000 following the outbreak of Coronavirus. The giant telecommunication firm CEO Michael Joseph said they arrived at the decision after meeting with Central Bank of Kenya Governor Dr. Patrick Njoroge and other industry players to discuss the evolving situation around the COVID-19 (Corona […]