Business

Over 4 Million Prepaid Customers Update Meters; Kenya Power Urges Remaining Customers to Act Before August Deadline
16 Jul

Over 4 Million Prepaid Customers Update Meters; Kenya Power Urges Remaining Customers to Act Before August Deadline

admin0 CommentsBusiness
Over four million Kenya Power prepaid customers have updated their token meters in the ongoing free exercise which targets to update 7.4 million prepaid meters ahead of the August 31st deadline. The Company’s General Manager in charge of Commercial Services and Sales, Eng. Rosemary Oduor has applauded the customers for the continued support in the prepaid meters update campaign, dubbedUpdate Token Meter Yako. “We thank all our customers for their support in this ongoing global exercise. So far, we are happy that over 56% of all our prepaid customers have updated their meters so that they can continue to enjoy…
Read More
Team SWAT Shuttle Introduces Luxurious Mercedes-Benz Bus for Western Kenya Routes
15 Jul

Team SWAT Shuttle Introduces Luxurious Mercedes-Benz Bus for Western Kenya Routes

Radio Huru0 CommentsBusiness, , , , , , , , , , ,
Team SWAT Shuttle, a prominent player in Kenya's transport sector renowned for its professionalism and innovation, is set to elevate commuter travel with the introduction of a new Mercedes-Benz bus. This 29-seater luxury coach is poised to redefine comfort and style on its selected routes across Western Kenya, catering to the discerning needs of travelers between Nairobi, Nakuru, Kapsabet, Kakamega, Malava, Kisumu, and Kisii. Luxury and Comfort Redefined The new Mercedes-Benz bus by Team SWAT Shuttle boasts an array of premium features designed to enhance passenger comfort and satisfaction. Each seat is equipped with a recliner mechanism, ensuring travelers can…
Read More
Government Prioritizes Local Products Over Imports to Spur Economic Growth Says Miano
11 Jul

Government Prioritizes Local Products Over Imports to Spur Economic Growth Says Miano

admin0 CommentsBusiness
The government is prioritizing local products over imports through innovations to spur economic growth, according to Cabinet Secretary for Industrialization, Trade, and Investment, Rebecca Miano. Speaking at the 6th Sustainable Innovations Conference at Zetech University's Mangu Campus in Juja, Miano emphasized the government's commitment to supporting new innovators and researchers by providing tools, equipment, and creating business linkages and networks. Miano highlighted the significance of creating a favorable environment for investors and enhancing the capacity of local industries to adopt and scale up innovations. She stressed the importance of equipping young people with skills in new technologies like Artificial Intelligence…
Read More
ILAM Fahari I-REIT to Trade on NSE’s Unquoted Securities Platform
10 Jul

ILAM Fahari I-REIT to Trade on NSE’s Unquoted Securities Platform

admin0 CommentsBusiness, , ,
ILAM Fahari Real Estate Investment Trust has today been admitted to the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange Plc (NSE) following a comprehensive restructuring of the REIT. In February, ILAM received regulatory approval from the Capital Markets Authority (CMA) to delist the REIT from the Main Investment Market Segment (MIMS) of the NSE. This restructuring process involved converting from an unrestricted to a restricted I-REIT. Delisting from MIMS and trading over the counter on the USP will provide greater flexibility in managing the REIT's portfolio and will not affect the unitholders' ability to trade their units, with…
Read More
Kajiado, Huruma Community Projects Win KSh1m Each in 2024 LG Ambassador Challenge
10 Jul

Kajiado, Huruma Community Projects Win KSh1m Each in 2024 LG Ambassador Challenge

admin0 CommentsBusiness,
Two community projects, one seeking to upgrade the infrastructure of a Kajiado County school, and another that will equip a physiotherapy center in Nairobi’s Huruma slums, have been selected as the winners of the 2024 LG Ambassador Challenge, taking home KSh1 million each to advance their initiatives. The Kajiado project targets the installation of equipment at the Ntinyika Primary School, which is located in Ilmarba Location of Oloililai Subcounty. The school, which has 180 students across the pre-primary to junior secondary school levels, lacks critical infrastructure, with a dire need for electricity, water and classroom equipment, including books. The school’s…
Read More
KRA Records 11.1% Growth in Revenue Collection for 2023/2024
09 Jul

KRA Records 11.1% Growth in Revenue Collection for 2023/2024

admin0 CommentsBusiness
The Kenya Revenue Authority (KRA) has announced a significant increase in revenue collection for the financial year 2023/2024, recording a notable 11.1% growth. The total revenue collected amounted to KSh 2.407 trillion, compared to KSh 2.166 trillion in the previous financial year. This translates to a performance rate of 95.5% against the target. The past year was marked by multiple economic shocks, including the depreciation of key currencies such as the US Dollar, rising interest rates, and increased inflation driven by global supply chain disruptions. These factors impacted revenue mobilization efforts. Despite these challenges, the KRA achieved 95.8% of its…
Read More
KTB Taps Into Public-Private Partnerships To Spur Adventure Travel
09 Jul

KTB Taps Into Public-Private Partnerships To Spur Adventure Travel

admin0 CommentsBusiness, ,
The Kenya Tourism Board (KTB) is banking on public-private partnerships to position Kenya’s adventure tourism opportunities. Kenya Tourism Board (KTB) CEO June Chepkemei says adventure tourism has demonstrated resilience and potential to attract more visitors into the country thanks to its adaptability and broad economic benefits that support local communities. "Recent statistics point to the growth of adventure travel with its resilience and ability to support local economies, especially as countries rebuild following the global travel rebound from COVID-19," Chepkemei noted. While pointing to other diverse tourism experience the country has to offer, the CEO highlighted on multi-faceted adventure experiences…
Read More
CFAO Motors Kenya Rebrands to CFAO Mobility Kenya in Strategic Move
08 Jul

CFAO Motors Kenya Rebrands to CFAO Mobility Kenya in Strategic Move

admin0 CommentsBusiness, , , ,
Local automotive solutions provider CFAO Motors Kenya has announced a corporate identity transformation, rebrandingto CFAO Mobility Kenya. This change is part of a strategic effort to solidify the company’s brand positioning as a multi-brand mobility solutions provider, aligning with the Corporation for Africa & Overseas (CFAO Group) global branding standards. CFAO Mobility Kenya Managing Director, Mr. Arvinder Reel, confirmed the move, stating that the firm will continue investing to expand its product portfolio across customer segments while advancing sustainable mobility solutions. These include the sale of Hybrid Electric Vehicles alongside Internal Combustion Engine (ICE) vehicles, with plans to introduce Electric…
Read More
Maasai Mara Hotels Achieve 95% Occupancy Ahead of Wildebeest Migration Peak Season
08 Jul

Maasai Mara Hotels Achieve 95% Occupancy Ahead of Wildebeest Migration Peak Season

admin0 CommentsBusiness, ,
Hotels, lodges, and camps in the Maasai Mara Game Reserve have recorded 95% bed occupancy from early bookings as they gear up for the annual wildebeest migration season. This peak season, which runs from July to September, sees millions of wildebeests cross from the Serengeti National Park in Tanzania to the Maasai Mara in Kenya, drawing thousands of international and local tourists. Mara Chief Park Warden Stephen Minis noted a significant increase in tourist numbers in recent weeks, with hotel bookings inside and around the reserve signaling booming business. Security has been heightened with intensified ranger patrols to maintain law…
Read More
East African Cables Mourns the Passing of Board Chairman Dr. Michael Waweru
06 Jul

East African Cables Mourns the Passing of Board Chairman Dr. Michael Waweru

admin0 CommentsBusiness, , ,
The East African Cables PLC announces the passing of its esteemed Board Chairman, Dr. Michael Waweru that occurred on on July 5, 2024. Waweru had served as the Board Chairman for seven years, having been appointed to the position in June 2017. He is celebrated as a visionary leader whose unwavering dedication and insightful guidance played a pivotal role in the company's success. His pioneering spirit and commitment to excellence helped lay a solid foundation for East African Cables' growth and development. Throughout his tenure, Dr. Waweru made immeasurable contributions, particularly in strengthening the company's systems and structures. Before his…
Read More
Like Us
Follow Us
Subscribe Us
Follow Us