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Kenya’s banking sector has undergone a remarkable transformation, with digital banks rising to prominence. These digital-first institutions are offering services that make financial management easier, more accessible, and more efficient than ever before. Among them, Co-operative Bank of Kenya (Co-op Bank) has distinguished itself as a leader in providing
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Centum Investment Company has posted an impressive net profit of Sh431 million for the six months ending September 2024, marking a significant turnaround fueled by strong investment income and disciplined cost management strategies. The company also reported Sh2.2 billion in net operating cash flows during the period, generated from
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France continues to stand as one of Kenya’s major investors, making impactful contributions across various sectors of the economy. Among these contributions, Kenya has gained significant advancements in technology transfer and capital infusion, which are geared towards uplifting local communities. The support from France further aligns with the goals
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President William Ruto's vision to plant 15 billion trees by 2032 calls for a united effort across all sectors. The Ministry of Tourism and Wildlife, led by Cabinet Secretary Rebecca Miano, is taking deliberate steps to contribute to this goal. The team led a tree planting event at
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Kenya is offering visa-free entry to tourists and business travelers for up to three months, a move announced by President William Ruto. To improve the travel experience, new Transit and Long Connection Travelers Electronic Travel Authorisation (EtA) permits are now available. These permits allow travelers with extended layovers to leave
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Safaricom PLC has officially entered the money market sector through its subsidiary Ziidi Money Market Fund, now licensed by the Capital Markets Authority (CMA). This development introduces a new investment option that integrates with M-PESA, similar to Safaricom's other unit trust product, Mali, managed by Genghis Capital. The
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Communication service provider Safaricom PLC has asked Parliament to excuse it from the requirement to generate electronic tax receipts for the millions of shillings in M-Pesa transaction fees processed monthly. Appearing before the Finance and National Planning Committee of the National Assembly, Safaricom outlined challenges with meeting the electronic tax
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The latest report from the Communication Authority of Kenya (CA) shows Safaricom capturing the largest share of revenue from voice, data, SMS, and other mobile services. For voice services, Safaricom maintained a commanding 74.2% share of revenue, followed by Airtel with 21%, and Telkom Kenya at 4.5%. In
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Tourism and Wildlife Cabinet Secretary Rebecca Miano on Thursday held a meeting with British High Commissioner Neil Wigan to discuss collaboration on wildlife conservation and strategies to promote Kenya's tourism internationally. The discussions focused on innovative technologies for wildlife management, research-based solutions, and promoting sustainable tourism. "We
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Kenya Commercial Bank (KCB) has reported impressive financial results for the year, posting a 49% increase in profit after tax, amounting to Ksh 45.8 billion for the first nine months of 2024. This represents a leap from the Ksh 30.7 billion posted during the same period last year,
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A new high-tech tracking system has been introduced at Ngulia Rhino Sanctuary to support the conservation of endangered black rhinos. The initiative, launched by Tourism and Wildlife Cabinet Secretary Rebecca Miano, combines ear-notching and real-time surveillance to deter poaching and improve care for the rhinos. Managed by the Kenya Wildlife
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The Ministry of Tourism and Wildlife, alongside the Kenya Wildlife Service (KWS), has initiated a rhino ear-notching and transmitter fitting program within Tsavo West’s Intensive Protection Zone (IPZ). This program aims to enhance rhino tracking and protection across challenging terrains, strengthening Kenya’s conservation efforts. Cabinet Secretary for Tourism