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P.O Box 30080-00100,Nairobi, Kenya.
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NEWS & CURRENT AFFAIRS

Digital News

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Frankline Sunday

Flutterwave bets on Kenya with Sh7b war chest as it awaits CBK license

Payments service provider Flutterwave is set to officially launch operations in Kenya in the next few months, pending approval by the Central Bank of Kenya (CBK).

Flutterwave bets on Kenya with Sh7b war chest as it awaits CBK license

Startup woes expose disruption myth

Startup woes expose disruption myth

Telkom Kenya debts threaten to derail strategic deal

Telkom Kenya debts threaten to derail strategic deal

End of an era as Michael Joseph resigns from Safaricom board

End of an era as Michael Joseph resigns from Safaricom board

State unveils Sh80b digital spending plan for technology sector

ICT CS Owalo said the government is on course to digitise 7,000 government services, an extra 2,000 that had earlier been targeted by June this year.

State unveils Sh80b digital spending plan for technology sector

Alarm as hackers target state offices in brazen cyber attack

A hacking group calling itself Anonymous Sudan, claimed responsibility for the attack that saw the e-citizen platform taken down for several hours.

Alarm as hackers target state offices in brazen cyber attack

CAK approves Sh700m takeover of Nairobi Women's Hospital

CAK has approved the proposed acquisition of a controlling stake of Nairobi Women's Hospital by the founder Sam Thenya in a deal valued at more than Sh700 million shillings.

By 2 months ago

CAK approves Sh700m takeover of Nairobi Women's Hospital

Weakening shilling increases public debt by Sh680 billion

According to the Office of the Controller of Budget, the country’s stock of US-denominated debt has led to exposure to currency fluctuation that significantly increases the stock of public debt.

By 2 months ago

Weakening shilling increases public debt by Sh680 billion

Ministry ordered to pay Telkom Kenya Sh15b for disputed land

The Ministry of Sports, Culture and Heritage owes Telkom Kenya Sh15 billion as compensation for acquiring a parcel of land in Ngong Road.

By 2 months ago

Ministry ordered to pay Telkom Kenya Sh15b for disputed land

Treasury's overdraft at CBK hits Sh79b as cash crunch bites

Treasury resorted to the facility in April when salaries of State officers delayed amid a debilitating cash crisis. It now means the government has used up 90pc of its limit allowed under the law.

By 2 months ago

Treasury's overdraft at CBK hits Sh79b as cash crunch bites

Credit Bank eyes regional expansion after capital boost from private equity fund

Kenyan small lender Credit Bank is looking to expand to other countries in the region after signing a multi-billion-shilling deal with private equity investor Equator Capital Partners.

By 2 months ago

Credit Bank eyes regional expansion after capital boost from private equity fund

SRC review puts Kenya on collision course with IMF, lending partners

In 2021 the IMF approved a Sh234 billion facility to support the government's spending plan. World Bank says public sector employment has risen by 15 per cent.

By 2 months ago

SRC review puts Kenya on collision course with IMF, lending partners

Standard Group bets on tech, partnerships to boost revenues

Standard Group’s shareholders on Friday gave their nod to the leadership and a five-pronged strategy proposed to explore new revenue streams and reach more audiences across the region.

By 3 months ago

Standard Group bets on tech, partnerships to boost revenues

Finance Bill: Kenyans make their voice heard

Parliament's Departmental Committee on Finance and National Planning, indicating that more than 1000 submissions were presented to law makers during the public participation window.

By 3 months ago

Finance Bill: Kenyans make their voice heard

Dead Kenyans leave behind Sh29b shares in listed firms

Safaricom, KCB, EABL and Co-op Bank account for 75 per cent of the value of unclaimed shares. The UFAA is mandated to invest the money in the Fund in Treasury Bills.

By 3 months ago

Dead Kenyans leave behind Sh29b shares in listed firms

Shaky crypto: CBK shelves search for digital currency

According to the CBK, the allure of CBDCs globally is fading, and other central banks that were first to roll out digital currencies have faced challenges that have hampered implementation.

By 3 months ago

Shaky crypto: CBK shelves search for digital currency

Hacking claims put Kenya at the centre of US-China cold war

A report earlier this week claimed that a Chinese-sponsored hacking group infiltrated and spied on Kenyan government systems, including the NIS and the Office of the President.

By 3 months ago

Hacking claims put Kenya at the centre of US-China cold war

Fact check: Advance tax to be paid for commercial vehicles

The advance tax is exempted to tractors or trailers used for agricultural purposes. Private cars are not included in new rate unless being used for business.

By 3 months ago

Fact check: Advance tax to be paid for commercial vehicles

Telcos' one till deal struggles to break M-Pesa hold on payments

The value of transactions through the merchant interpretability platform stood at Sh1 billion recorded from 69,400 merchants for the year ended March 2023.

By 4 months ago

Telcos' one till deal struggles to break M-Pesa hold on payments

Increased competition cuts KCB M-Pesa revenue by half

The results come on the back of increased pressure from other digital lending products that have eaten into the average loan amounts borrowed through the facility.

By 4 months ago

Increased competition cuts KCB M-Pesa revenue by half

Are state jobs really skewed to favour country's major tribes?

President Ruto’s appointments as of May show Kalenjin and Kikuyu communities tie at 21 percent followed by Somalis, Luhyas and Luo at 12 percent, 10 percent and eight percent respectively.

By 4 months ago

Are state jobs really skewed to favour country's major tribes?

Safaricom eyes counties, universities in hunt for M-Pesa revenue

Safaricom says all the 47 counties will be gradually onboarded on the platform in the coming months.

By 4 months ago

Safaricom eyes counties, universities in hunt for M-Pesa revenue

NSE investors lose Sh200 billion in three months

Market capitalisation at the NSE stood at Sh1.7 trillion as at the end of March, falling Sh205 billion from Sh1.9 trillion recorded in January this year.

By 4 months ago

NSE investors lose Sh200 billion in three months

Safaricom top of the pile of Kenya's most valuable brands

Leading telecommunications service provider Safaricom has been named the best brand in Kenya out of 25 companies listed on the Nairobi Securities Exchange (NSE).

By 5 months ago

Safaricom top of the pile of Kenya's most valuable brands

State in a fix on lowering cost of living amid effort to reduce debt

The shortfall of more than Sh289 billion in the projected expenditure has meant an unprecedented cash crunch at both the national and county levels of government.

By 5 months ago

State in a fix on lowering cost of living amid effort to reduce debt

Kiambu, Mombasa reap big as startups look beyond Nairobi

Kiambu and Mombasa counties are the most popular destinations for startups eyeing operations outside Nairobi as more entrepreneurs shift their base from the capital.

By 5 months ago

Kiambu, Mombasa reap big as startups look beyond Nairobi

State unveils Sh80b digital spending plan for technology sector

ICT CS Owalo said the government is on course to digitise 7,000 government services, an extra 2,000 that had earlier been targeted by June this year.

State unveils Sh80b digital spending plan for technology sector

Alarm as hackers target state offices in brazen cyber attack

A hacking group calling itself Anonymous Sudan, claimed responsibility for the attack that saw the e-citizen platform taken down for several hours.

Alarm as hackers target state offices in brazen cyber attack

CAK approves Sh700m takeover of Nairobi Women's Hospital

CAK has approved the proposed acquisition of a controlling stake of Nairobi Women's Hospital by the founder Sam Thenya in a deal valued at more than Sh700 million shillings.

By 2 months ago

CAK approves Sh700m takeover of Nairobi Women's Hospital

Weakening shilling increases public debt by Sh680 billion

According to the Office of the Controller of Budget, the country’s stock of US-denominated debt has led to exposure to currency fluctuation that significantly increases the stock of public debt.

By 2 months ago

Weakening shilling increases public debt by Sh680 billion

Ministry ordered to pay Telkom Kenya Sh15b for disputed land

The Ministry of Sports, Culture and Heritage owes Telkom Kenya Sh15 billion as compensation for acquiring a parcel of land in Ngong Road.

By 2 months ago

Ministry ordered to pay Telkom Kenya Sh15b for disputed land

Treasury's overdraft at CBK hits Sh79b as cash crunch bites

Treasury resorted to the facility in April when salaries of State officers delayed amid a debilitating cash crisis. It now means the government has used up 90pc of its limit allowed under the law.

By 2 months ago

Treasury's overdraft at CBK hits Sh79b as cash crunch bites

Credit Bank eyes regional expansion after capital boost from private equity fund

Kenyan small lender Credit Bank is looking to expand to other countries in the region after signing a multi-billion-shilling deal with private equity investor Equator Capital Partners.

By 2 months ago

Credit Bank eyes regional expansion after capital boost from private equity fund

SRC review puts Kenya on collision course with IMF, lending partners

In 2021 the IMF approved a Sh234 billion facility to support the government's spending plan. World Bank says public sector employment has risen by 15 per cent.

By 2 months ago

SRC review puts Kenya on collision course with IMF, lending partners

Standard Group bets on tech, partnerships to boost revenues

Standard Group’s shareholders on Friday gave their nod to the leadership and a five-pronged strategy proposed to explore new revenue streams and reach more audiences across the region.

By 3 months ago

Standard Group bets on tech, partnerships to boost revenues

Finance Bill: Kenyans make their voice heard

Parliament's Departmental Committee on Finance and National Planning, indicating that more than 1000 submissions were presented to law makers during the public participation window.

By 3 months ago

Finance Bill: Kenyans make their voice heard

Dead Kenyans leave behind Sh29b shares in listed firms

Safaricom, KCB, EABL and Co-op Bank account for 75 per cent of the value of unclaimed shares. The UFAA is mandated to invest the money in the Fund in Treasury Bills.

By 3 months ago

Dead Kenyans leave behind Sh29b shares in listed firms

Shaky crypto: CBK shelves search for digital currency

According to the CBK, the allure of CBDCs globally is fading, and other central banks that were first to roll out digital currencies have faced challenges that have hampered implementation.

By 3 months ago

Shaky crypto: CBK shelves search for digital currency

Hacking claims put Kenya at the centre of US-China cold war

A report earlier this week claimed that a Chinese-sponsored hacking group infiltrated and spied on Kenyan government systems, including the NIS and the Office of the President.

By 3 months ago

Hacking claims put Kenya at the centre of US-China cold war

Fact check: Advance tax to be paid for commercial vehicles

The advance tax is exempted to tractors or trailers used for agricultural purposes. Private cars are not included in new rate unless being used for business.

By 3 months ago

Fact check: Advance tax to be paid for commercial vehicles

Telcos' one till deal struggles to break M-Pesa hold on payments

The value of transactions through the merchant interpretability platform stood at Sh1 billion recorded from 69,400 merchants for the year ended March 2023.

By 4 months ago

Telcos' one till deal struggles to break M-Pesa hold on payments

Increased competition cuts KCB M-Pesa revenue by half

The results come on the back of increased pressure from other digital lending products that have eaten into the average loan amounts borrowed through the facility.

By 4 months ago

Increased competition cuts KCB M-Pesa revenue by half

Are state jobs really skewed to favour country's major tribes?

President Ruto’s appointments as of May show Kalenjin and Kikuyu communities tie at 21 percent followed by Somalis, Luhyas and Luo at 12 percent, 10 percent and eight percent respectively.

By 4 months ago

Are state jobs really skewed to favour country's major tribes?

Safaricom eyes counties, universities in hunt for M-Pesa revenue

Safaricom says all the 47 counties will be gradually onboarded on the platform in the coming months.

By 4 months ago

Safaricom eyes counties, universities in hunt for M-Pesa revenue

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