Financial Standard - The Standard

×

The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

NEWS & CURRENT AFFAIRS

SECTIONS

.

Financial Standard

Inside the Equity-KCB supremacy war

A few days before Christmas, Equity announced that it had acquired Banque Commercial Du Congo, jumping ahead of KCB to become the first bank in the region to be valued at Sh1 trillion.

By Dominic Omondi 2 days ago

Inside the Equity-KCB supremacy war

Economy on a standstill as country headed for elections

Economy on a standstill as country headed for elections

By Dominic Omondi 9 days ago

The making of Sh594m fraud: 'We thought we were buying an elephant'

The making of Sh594m fraud: 'We thought we were buying an elephant'

By Patrick Alushula 9 days ago

A dream deferred: How Tullow woes, Covid derailed Jubilee oil export plan

A dream deferred: How Tullow woes, Covid derailed Jubilee oil export plan

By Macharia Kamau 9 days ago

Come collect it yourself! IEBC declines to hand over election certificate to Didmus Barasa's agent

Kimilili Returning Officer refuses to hand over election certificate to MP Didmus Barasa's agent, says he must present himself at tallying centre physically.

By Mate Tongola 28 mins ago

Come collect it yourself! IEBC declines to hand over election certificate to Didmus Barasa's agent

IEBC Update: 73 polling stations yet to transmit Forms 34A

IEBC commissioner Abdi Guliye has also warned candidates in areas where elections were suspended against campaigning.

By Winfrey Owino 39 mins ago

IEBC Update: 73 polling stations yet to transmit Forms 34A

Four easy exercises you can do with friends

Exercise can be monotonous and demotivating, especially if you have to do it by yourself. However, by using these workouts, you can enjoy your fitness journey and involve family and friends

By Nina Odongo 1 hr ago

Four easy exercises you can do with friends

Man kills friend over poll argument in Kisumu

The officers recovered the alleged murder weapon - a kitchen knife.

By Olivia Odhiambo 1 hr ago

Man kills friend over poll argument in Kisumu

Beauty items you should not be using every day

When you find a product that simply transforms your look for the better, it’s tempting to use it every day. Unfortunately, not all products are recommendable for daily use

By Pauline Muindi 1 hr ago

Beauty items you should not be using every day

Diamond laments over ungrateful signees

Bongo Flava star Diamond Platnumz took to social media to lament ungrateful individuals signed under big record labels.

By Diana Anyango 1 hr ago

Diamond laments over ungrateful signees

Atlanta rapper Young Thug faces new charges in RICO case

Atlanta rapper Young Thug is facing six new felony charges along with four others linked to the case.

By AP News 1 hr ago

Atlanta rapper Young Thug faces new charges in RICO case

Why social media dates are a big ugly trap

Getting a date on social media may seem easy and fun but the one thing you must remember is to lower all your expectations

By Diana Makokha 2 hrs ago

Why social media dates are a big ugly trap

How to get your child to talk more openly

While most parents may share a special bond with their children, not all are as lucky. Some, for one reason or another, drift from their children and lack a proper channel of communication

By Lolita Bunde 2 hrs ago

How to get your child to talk more openly

Homa Bay man denied access to polling station throws firearm in pit latrine

Police in Homa Bay County are holding a man who tried to sneak into the tallying centre of Kasipul Kabondo Constituency at Ringa Boys High School with a gun.

By Mate Tongola 2 hrs ago

Homa Bay man denied access to polling station throws firearm in pit latrine

Why youth face rough terrain in post-Covid world

Kenya is one of the countries that put in place sound plans to help the youths recover from the negative effects of Covid-19, a new study has shown.

By Dominic Omondi 9 days ago

Why youth face rough terrain in post-Covid world

Local firms eye slice of Sh81b pharma industry

For Kenya to become a hub for pharmaceutical manufacturing and a major exporter of pharmaceutical products, the local manufacturers need to adopt technology.

By Graham Kajilwa 9 days ago

Local firms eye slice of Sh81b pharma industry

FAA clears Boeing to resume delivery of 787 Dreamliners

Issues with the 787 started in 2020 when small gaps were found between panels of the fuselage that are made of carbon composite material.

By AP 10 days ago

FAA clears Boeing to resume delivery of 787 Dreamliners

How Uhuru Kenyatta lost fight to expensive power producers

President Uhuru had seen an opportunity to bring down the cost of power by re-looking at expensive power deals that Kenya Power has with Independent Power Producers (IPPs).

By Macharia Kamau and Dominic Omondi 16 days ago

How Uhuru Kenyatta lost fight to expensive power producers

High stakes as Cotu, 80 agencies join landmark Facebook labour dispute

Cotu has been enjoined as an interested party in a case aiming to hold social network giant Facebook liable for alleged human rights violations in Kenya.

By Frankline Sunday 16 days ago

High stakes as Cotu, 80 agencies join landmark Facebook labour dispute

Frank Matsaert: How we built a start-up into a continental entity in 10 years

After a decade of working to ease trade bottlenecks in the region, Frank Matsaert is stepping down as chief executive of TradeMark East Africa.

By Kamau Macharia 16 days ago

Frank Matsaert: How we built a start-up into a continental entity in 10 years

Local manufacturers rethink production models post-Covid

Raging inflation, shortage of the dollar, a weakening shilling and uncertainty ahead of the August 9 polls are among the reasons some local manufacturers are wary of mass production.

By Peter Theuri 16 days ago

Local manufacturers rethink production models post-Covid

Kenya now a battleground in China-American 5G war

Kenya is emerging as a battleground for Beijing’s and Washington’s race to dominate not just the 5G deployment but also the next industrial leap that will see the victor wield more influence.

By Frankline Sunday 23 days ago

Kenya now a battleground in China-American 5G war

Next president might borrow more despite KRA record tax revenue

President Uhuru Kenyatta fell in love with a rather complex equation: increase tax collections, expand the budget, borrow more and wait for a return in the long run.

By Patrick Alushula 23 days ago

Next president might borrow more despite KRA record tax revenue

Ex-British Prime Minister Tony Blair's foray into Africa stirs continent

Mr Blair has been working with the Kenyan government and 16 other African countries in what has raised eyebrows about what the former Labour Party politician is up to.

By Dominic Omondi 23 days ago

Ex-British Prime Minister Tony Blair's foray into Africa stirs continent

What jitters? Kenya's economy rolls on amid elections uncertainty

Many businesses appear to be pressing on with their activities three weeks to the elections, a period that in the past has been marked by tension and underinvestment.

By Macharia Kamau 23 days ago

What jitters? Kenya's economy rolls on amid elections uncertainty

Devki boss Narendra Raval: How Kenya can shed the tag of a net importer

Industrialist and Devki Group of Companies founder Narendra Raval reckons that achieving Vision 2030 may be a tall order under the current regulatory environment.

By Noah Kipkemboi 23 days ago

Devki boss Narendra Raval: How Kenya can shed the tag of a net importer

Unga takes centre stage as campaigns reach fever pitch

A 2kg packet of maize flour, which is used to prepare ugali, a staple dish for most Kenyan households, has crossed the Sh200 mark, which is nearly double the price it was mid-year last year.

By Peter Theuri 30 days ago

Unga takes centre stage as campaigns reach fever pitch

The hidden agenda behind Kenyans' love for schooling

Why and how do such men and women with such heavy responsibilities get time to study?

By XN Iraki 30 days ago

The hidden agenda behind Kenyans' love for schooling

Uhuru's grand projects: Boon or mere white elephants?

The string of mega projects has left in its wake a country saddled with huge debts and a citizenry that's worse off than a decade ago. Were they worth the trouble, then? Time will tell.

By Macharia Kamau 30 days ago

Uhuru's grand projects: Boon or mere white elephants?

Kenya's plan for region's first carbon exchange back on

The carbon exchange will be among the platforms that define Nifca in its bid to deepen Nairobi as a hub for financial services.

By Macharia Kamau 30 days ago

Kenya's plan for region's first carbon exchange back on

Small businesses to benefit most from digital revolution

The pandemic accelerated reactive and opportunistic digital transformation as businesses coped with stay-at-home orders, social distancing, and forced closures.

By Dr Kagonya Awori 30 days ago

Small businesses to benefit most from digital revolution

Why Kenya is teetering on the brink of a full-blown economic crisis

On Friday, Agriculture Cabinet Secretary Peter Munya, urged Kenyans, the biggest consumers of maize on this side of the Sahara, only matched by Malawians, to stop their over-reliance on the grain.

By Dominic Omondi 1 month ago

Why Kenya is teetering on the brink of a full-blown economic crisis

Used trucks, buses import ban revs up flagging auto industry

Kenya has stepped up efforts aimed at developing a robust local auto industry by banning the importation of second-hand buses and trucks.

By Macharia Kamau 1 month ago

Used trucks, buses import ban revs up flagging auto industry

Charles Muchene: The highs and lows of chairing EABL board

Muchene joined EABL when together with SAB Miller was going through a bitter divorce, 10 years after they inked a manufacturing and distribution agreement that ended the infamous “beer wars.”

By Dominic Omondi 1 month ago

Charles Muchene: The highs and lows of chairing EABL board

Millionaire investors hit big as NSE sheds Sh653b in six months

The Nairobi Securities Exchange (NSE) closed last Thursday with the combined value of all stocks at Sh1.939 trillion compared with Sh2.592 trillion at the beginning of the year.

By Patrick Alushula 1 month ago

Millionaire investors hit big as NSE sheds Sh653b in six months

How banks are making super profits in a tough environment

Banks have continued to report astronomical profits amidst a tough economic environment occasioned by the pandemic, drought, the Russia-Ukraine conflict and election jitters.

By Dominic Omondi 1 month ago

How banks are making super profits in a tough environment

MultiChoice win against ISPs sets the pace in piracy war

Last month, the firm began cracking down on password sharing in some markets, charging subscribers a small premium to maintain ‘sub-accounts’.

By Frankline Sunday 1 month ago

MultiChoice win against ISPs sets the pace in piracy war

The CEO steering giant investment co-operative

Sarah Wahogo was confirmed in March as the chief executive of the Safaricom Investment Co-operative (SIC) after serving in acting capacity since May 2021.

By Wainaina Wambu 1 month ago

The CEO steering giant investment co-operative

Jambojet CEO on how Covid saw airlines derisk business

Jambojet flies to Mombasa, Malindi, Diani, Lamu, Kisumu, Eldoret and Goma, in DRC from its Nairobi hub.

By Graham Kajilwa 1 month ago

Jambojet CEO on how Covid saw airlines derisk business

Positioning big brands to thrive in times of crisis

Should we expect long-lasting uncertainty in the global economy because of the pandemic?

By Enock Wandera 1 month ago

Positioning big brands to thrive in times of crisis

Fears of dirty cash as illegal betting firms turn to cryptocurrencies

Betting companies have now devised new ways of clandestinely operating in Kenya without paying taxes. They allow punters to transact using hard-to-trace cryptocurrencies.

By Dominic Omondi 1 month ago

Fears of dirty cash as illegal betting firms turn to cryptocurrencies

Tax wars: Is this the end of Keroche's nine lives?

The tax battle between Keroche and Kenya Revenue Authority (KRA) has been brewing since 1998, barely a year after the firm was founded in Naivasha as a fortified fruit wines brewery.

By Patrick Alushula 1 month ago

Tax wars: Is this the end of Keroche's nine lives?

Survey: Women still less likely to own a mobile phone

Women are still seven per cent less likely than men to own a mobile phone.

By Jael Mboga 1 month ago

Survey: Women still less likely to own a mobile phone

Why mergers could rescue struggling hospitality sector

As the tourism industry crawls back to health, it has become apparent for businesses to find ways of not only staying afloat but also guaranteeing a safe passage.

By Graham Kajilwa 1 month ago

Why mergers could rescue struggling hospitality sector

Tented camp at crater's edge offers perfect holiday getaway

The camp is adjacent to Crater Lake, a green soda lake at the bottom of an extinct volcano on the western side of Lake Naivasha and north of the village of Kongoni, with many trails.

By Jacob Ng’etich 1 month ago

Tented camp at crater's edge offers perfect holiday getaway

Private electricity producers key to universal power access

As at May 2021 Kenya through Kenya Power had 8.2 million customers connected to the national grid and others supplied via 12 licensed private mini grids.

By George Aluru 1 month ago

Private electricity producers key to universal power access

The making of a dollar economy amid scarcity

The dollar is the reserve currency in the global economy. It is held widely by governments, central banks and private institutions to conduct international trade and financial transactions.

By Dominic Omondi 1 month ago

The making of a dollar economy amid scarcity

Touchy traders: When markets are hard to crack for policy makers

There are sectors in the country which politicians or policy makers in the government should probably keep out of their mouths - no matter how good the policies or ideas are.

By Graham Kajilwa 1 month ago

Touchy traders: When markets are hard to crack for policy makers

How Covid shocks hooked more Kenyans on survival loans

Thousands of Kenyans are driving to work but in cars financed by loans and sometimes fueled by a mobile overdraft facility, Fuliza.

By Patrick Alushula 1 month ago

How Covid shocks hooked more Kenyans on survival loans

Why Kenya's power sector is in a full time crisis mode

Since the appointment of Ms Yeda in July 2020, alongside another four directors after the exit of yet another four, the board has made headlines for various reasons.

By Macharia Kamau 1 month ago

Why Kenya's power sector is in a full time crisis mode

Vision 2030: What incoming government must put in place

This month marks the expiry of the third phase of the country’s most ambitious long-term development plan, the Kenya Vision 2030.

By Wainaina Wambu 1 month ago

Vision 2030: What incoming government must put in place

Walid Badawi: My tenure at UNDP Kenya has been fulfilling

His move to Kenya was at a period when the UNDP was undertaking a disruptive, painful and protracted change of management, as he described it previously in an article.

By Graham Kajilwa 1 month ago

Walid Badawi: My tenure at UNDP Kenya has been fulfilling

Manu Chandaria: I no longer want to talk business

At 93, the industrialist is still fit as a fiddle and sharp-witted as ever; you feel he could still be globe-trotting and addressing gatherings of business people.

By Peter Theuri 2 months ago

Manu Chandaria: I no longer want to talk business

Market profiling: Why some businesses treat locals poorly

In this context, businesses in the country are either targeting locals or expatriates. These categories can be further classified into high and low context cultures.

By Graham Kajilwa 2 months ago

Market profiling: Why some businesses treat locals poorly

It's a roller coaster ride for local vehicle assemblers

Local vehicle assemblers produced 9,989 vehicles in 2021 but can produce 34,000 units over a single shift.

By Macharia Kamau 2 months ago

It's a roller coaster ride for local vehicle assemblers