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American satellite internet provider Starlink has launched a rental option, allowing Kenyans to acquire internet hardwares in installments.  The company, owned by billionaire Elon Musk, said that customers can now access its internet service by paying a one-time activation fee of Sh2,700 and a monthly hardware rental fee of Sh1,950. This...
Chinese telecom firm Huawei has partnered with the Kenyan government to upgrade the skills of the African country’s workforce responsible for protecting the digital infrastructure in public and private sectors. Senior government officials and Huawei executives said that cultivating cybersecurity professionals is key to safeguarding digital assets from attacks that could derail service delivery...
Moët Hennessy recently hosted an exquisite Moët & Chandon food pairing event in Nairobi, marked by an interview with a top executive from Moët Hennessy Maison, Charles De Ponteves, Business Development Director for Africa and the Middle East.  In a candid interview, Moët Hennessy's Business Development Director for Africa and the Middle East, Charles,...
Leading retail chain, Quickmart, is celebrating its 18 year anniversary in the Kenyan market – rising from underdog to a top three player. Chief Marketing Officer, Ms Betty Wamaitha, said Quickmart’s notable milestone is rising to become the second largest retailer. She added that the fast-growing supermarket is providing employment for Kenyans. Ms Wamaitha...
Listed financial services solutions provider Diamond Trust Bank (DTB) (NSE: DTK) has announced a Ksh 4.9 billion net profit, representing a 12% growth in its half-year results announced today. DTB Group Chief Executive Officer and Managing Director, Mrs Nasim Devji, attributed the Bank’s performance to the continued rollout of its business growth strategy, which...
Kenya Airways PLC has announced a significant milestone in its journey towards profitability, marking the first time the airline has reported a profit after tax since 2013. For the first half of the financial year ending 30th June, 2024, the airline achieved a profit after tax of Ksh513 million, from the Ksh21.7 billion loss reported in the...
Kakuzi Assistant Manager Extension Services Laban Mwaura, Chairman Nick Ng'ang'a, Director Pamella Ager and MD Chris Flowers at 95th AGM. (Photo: PR handout)
East African Development Bank’s annual training program for state lawyers will be held from 5th to 9th August 2024 in Nairobi, Kenya. The training offered to East African States legal resources focuses on equipping participants with the skills and knowledge necessary to negotiate national treaties and agreements effectively. In collaboration with the global legal...
Multinational energy company TotalEnergies acts as a key contributor to economic growth and tax revenues in the markets in which it operates, extending beyond its core oil and gas exploration and production activities. In 2023 alone, the company’s production taxes and current income taxes across all activities amounted to just over $24.7 billion, with an average tax...
Listed local non-bank finance solutions provider Sanlam Kenya PLC has formulated a business plan to accelerate the firm’s growth and profitability. The business recovery plan will provide a growth platform under a restructured financial management strategy. Speaking during the firm’s 78th Annual General Meeting held on Wednesday, Sanlam Kenya PLC Group...
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