Author: Newsroom

In BriefMarkets
Newsroom

When Uchumi makes cents

Uchumi Supermarkets, a retailer that has barely any operational outlet was the biggest gainer at the Nairobi Securities Exchange underlying the dearth that has hit the market, which is now being moved by speculation. The former retailer gained 9.52 percent in Monday’s trading closing the market as the top gainer with stocks valued at 23 cents. Crown Paints was the second gainer at the bourse raising 9.4 percent to trade at Kes39 while TransCentury which is currently embroiled in a winding up suit with listed lender Equity Bank closed top three with an 8 percent gain to trade at 54 cents. Market activity on Monday

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Brands
Newsroom

Returning papa to the commercial break

I may not be a soda enthusiast, but I can vividly recall Papa Shirandula’s Brrrrrrrrr sound out savouring a bottle of that dark, fizzy elixir in a Coca-Cola commercial that graced our screens more than a decade ago. The ascent of Charles Bukeko, affectionately known as Papa, seemed to reach its peak when he broke through the screen with his unforgettable ads, including a captivating GOTV campaign. He even left his mark on global audiences with commercials filmed in far-flung locales such as Indonesia for Coca-Cola and South Africa for telco Vodacom. Papa’s humour was his stock in trade, etching his comedic brilliance into our

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HealthNews
Newsroom

Kenya’s CyberKnife set to check outbound medical tourism

Kenya could experience a surge in inbound medical tourism in the coming years following the historic launch of CyberKnife radiotherapy services for the treatment of cancer at the Kenyatta University Teaching, Referral and Research Hospital (KUTRRH). A team of Doctors at the KUTRRH have entered into the books of history after pioneering CyberKnife radiotherapy services, marking a huge milestone in cancer treatment across Sub-Saharan Africa. CyberKnife treatment is essentially an advancement in radiation therapy, offering precise and effective treatment options for a wide range of medical conditions, especially cancer. The technology helps minimize the side effects while improving a patient’s overall experience. Previously, accessing CyberKnife…

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In Brief
Newsroom

Sign language assistALL Mini App now on M-PESA App

Safaricom has partnered with Signs Media to host the assistALL mini-app, which provides on-demand sign language interpretation services, within the M-PESA App. The assistALL Mini App will empower Kenyans with hearing impairment, granting them equal access to opportunities that were previously hindered by communication barriers. It will help bridge the gap in sign language interpretation services across various sectors, including healthcare, judicial facilities, government services, finance, and transport, among others. “In a world that is increasingly reliant on digital services, this partnership is a milestone in our mission to make technology more accessible for everyone and contribute to a more inclusive society ~ Peter Ndegwa,

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Corporate
Newsroom

Safaricom renews in-country cloud services

Tech giant Safaricom has introduced an enhanced incountry cloud computing platform and a suite of associated services, aimed at facilitating the digital transformation of businesses and organizations. This move is designed to provide these entities with increased operational flexibility and resilience in response to an ever-evolving business landscape. The newly unveiled cloud services, hosted within data centers located in Nairobi and Kisumu, are underpinned by VMware technologies, known for their reliability and performance. Cloud computing resources Among the array of added capabilities, customers now have the flexibility to deploy their applications and allocate cloud computing resources through a unified interface. This streamlined approach empowers customers

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News
Newsroom

‘Mulot team’ SIM swap suspect arrested in Thika

Emmanuel Kirpono, a man suspected to be engaging in sim swap fraud has been apprehended by investigators based in Thika. The arrest occurred when the suspect presented himself at a Safaricom shop seeking SIM card replacement services while in possession of counterfeit identification documents, specifically, a falsified ID waiting card and a purportedly issued police abstract form from Central Police Station, Nairobi. Following an interrogation, Kiprono led the detectives to a house in Zimmerman. During a subsequent search of the house, law enforcement officers discovered an array of incriminating evidence. This included a mobile device evidently employed for sim card registration, an assortment of sim…

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MarketsNews
Newsroom

Inside KRA’s tax penalties and interest amnesty program

Taxpayers in Kenya can avail themselves of a tax amnesty for outstanding tax penalties and interest that have accumulated until December 31, 2022. Professional services firm PwC offers guidance on how taxpayers, who have either settled their principal tax obligations or intend to do so by June 30, 2024, can take advantage of the tax penalties amnesty provided by the Kenya Revenue Authority (KRA). The provision for this amnesty stems from the government’s objective to boost tax compliance and generate tax revenues to meet the FY2023/24 budget. The plan was formally introduced through the Finance Act of 2023 and became effective on September 1, 2023….

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EAC & The HornTechnology
Newsroom

Addressing tech-driven injustices in Africa

The Mozilla Festival House in Kenya has become a vital platform for diverse communities to come together and engage in discussions, debates, and connections surrounding some of the most critical issues impacting the region. A central focus of these dialogues has been the role of technology in perpetuating social injustices across Africa. At the inaugural Mozilla Festival House in Kenya, the event saw participants share ideas on practical solutions to pressing concerns, notably the concept of digital extractivism. Global content moderation unions Attendees explored ideas such as the establishment of global content moderation unions. They also advocated for fair and equitable wages in the tech

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News
Newsroom

What KRA’s new revenue agents will do once in your shop

The taxman has deployed Revenue Service Assistants (RSA) in a move that the Kenya Revenue Authority (KRA) says will “support taxpayers with their compliance needs.” A key role of the RSAs is to streamline and simplify the online registration process for trading businesses. They are tasked with registering businesses in the formal tax system, thereby widening the tax bracket as the taxman moves to collect Kes2.7 trillion in revenue for the FY2023/24 Further, RSAs are entrusted with the task of verifying taxpayer information to ensure the accuracy of data and adherence to the Electronic Tax Invoice Management System (eTIMS) regulations, which are essential for maintaining…

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Queen Banking
CorporateWomen in Business
Newsroom

Family bank courts women with Sh50 billion credit line

Family Bank has unveiled ‘Queen Banking’, a Kes50 billion credit line exclusively targeting women to cater to their diverse individual and business needs. The financing scheme, which is set to run for two years, is part of the lenders strategies in deepening financial inclusion in Kenya especially among women in Kenya. According to the lender, Queen Banking will cater to the needs of women in business, the career women as well as those involved in Chamas. Family Bank says the lending targets businesses with at least 51 per cent of the shares controlled by women or 100 per cent owned by women. Also benefitting are businesses where women constitute more than 30 per cent of the board

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