Business

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Business

Kenya Breweries Limited Overall Winners At The Energy Management Awards

Yesterday, the Kenya Association of Manufacturers (KAM) held the Energy Management Awards (EMA) gala dinner. This annual event celebrates outstanding energy management and honors companies that have significantly reduced their energy usage through efficient practices and technologies. Kenya Breweries Limited - Nairobi emerged as the overall winner of the 2024 EMA during the 20th edition of the awards, themed "Celebrating 20 Years of Efficiency in Energy Management and Sustainability." British […]

todayMay 21, 2024 4

Business

Kenyan DJ Wins Ksh 7.6M in Global Nightclub Idea Competition

Jesse Mugambi, a Kenyan DJ and student currently pursuing his studies at the University of Brighton in England has won Ksh7.6 million (€50,000) in a global competition. Mugambi edged out 300 entrants from 50 countries in a competition dubbed Save the Night whose results were announced in March. His submission envisioned a unique nightclub which is transformed into a music studio during the day. The student pursuing a Master's Degree in Sustainable […]

todayMarch 11, 2024 10

Business

CBK CAUTIONS KENYANS AGAINST UNLICENSED MONEY OR VALUE TRANSFER SERVICE PROVIDERS

The Central Bank of Kenya (CBK) has cautioned Kenyans to be wary of entities and persons providing Money or Value Transfer Services (MVTS) without authorization from the monetary authority. In a statement to newsrooms on Monday, CBK said that it has noticed a sprouting wave of unlicensed entities providing MVTS, posing huge losses on customers and it is a criminal offence. "Such services do not enjoy the protection of the […]

todayNovember 7, 2023 18

Business

KAA LAUNCHES ELECTRIC BUSES TO PLY JKIA ROUTE

The Kenya Airports Authority (KAA) has launched new bus routes from JKIA to several destinations in Nairobi. KAA, in partnership with bus service companies Metrotrans East Africa Limited & Super Metro unveiled electric commuter buses, and lauded the move as a headway towards sustainability and conserving the environment. "These electric buses mark a significant stride towards sustainability, perfectly aligning with the National Government's strategic goals. We're committed to adopting green […]

todayNovember 2, 2023 17

Business

LAST-MINUTE NEW BOLT LICENCE BLOCKS LITTLE CAB BUYOUT BID

Taxi-hailing firm Little Cab has dropped its bid to buy out rival Bolt after the Estonian firm was granted a last-minute licence renewal, lifting the lid on the fierce battle for control of the industry and the behind-the-scenes lobbying triggered by a licensing stalemate with the transport regulator.

todayNovember 1, 2023 4

Business

Rai opens a new sugar plant

PHOTO: COURTESY   At least half of the sugar produced in Kenya is now controlled by one man after the billionaire Rai family opened their fourth milling plant in Bungoma. Naitiri Sugar Company which started milling in May is the new addition to the family’s sugar conglomerate that now spans the country. The new plant extends Rai’s position as the leading sugar manufacturer from a combined capacity of his existing […]

todayJuly 21, 2022 289

Business

Expensive fuel looms as IMF drops support for subsidy

  PHOTO: COURTESY   IMF has set a fresh loan condition requiring Kenya to drop fuel subsidy by October, exposing motorists to a sharp rise in pump prices. Kenya has since April last year spent an average of Sh7.65 billion monthly to subsidise diesel, super and kerosene, highlighting the adverse impact of the fuel stabilisation programme on the country’s revenues. The multilateral lender has inserted the removal of the subsidy […]

todayJuly 21, 2022 131

Business

Where Kenya’s super-rich are migrating to for investments

      Wealthy Kenyans are seeking second homes in St Kitts and Nevis, a two-island county in North America. Its education system is better, it is affordable to get citizenship because the investment requirement is fairer than in other countries and it is crypto-friendly hence attractive to technology investors and entrepreneurs. Henley & Partners, a leading international citizenship and residence advisory firm, says in 2022 Kenyans are showing interest […]

todayJuly 21, 2022 15

Business

president Kenyatta halves the cost of maize flour

photo: courtesy   The cost of maize flour, used to make Kenya's staple food, has been cut in half less than three weeks before general elections. The measure aims to deal with the rising cost of living that has seen prices of basic commodities soar. A 2kg (70 oz) packet of maize flour will now retail at KSh100, instead of KSH 200. Critics say Mr Kenyatta is using the measure […]

todayJuly 21, 2022 5

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