Author: David Indeje

KSh263 Billion is in circulation according to the Central Bank of Kenya after announcing on Saturday that it will be withdrawing the old version of its 1,000 banknotes. On Monday, Dr. Patrick Njoroge, the CBK Governor said they will continue to release the New Generation Currency banknotes to all commercial banks and microfinance banks. “We’re ensuring that there is enough cash in all the bank branches.” https://twitter.com/CBKKenya/status/1135485387894403073 The Governor emphasised that the October 1 deadline is meant to give time for the withdrawal of the banknotes because we need to take care of our people. “We need to ensure Wanjiku…

Gospel singer Eunice Njeri was named Gospel Artist of the Year in 14th Annual Groove Awards held on Saturday in Westlands, Nairobi. She also won in the Praise and Worship Song of the Year. Jabidii, emerged as the biggest winner; bagging 5 awards:- Reggae/ Ragga Song of the Year, Teens Choice Song of the Year, Collabo of the Year, Dance Style/ Song of the Year and Song of the Year awards respectively. He had 11 nominations and scooped five awards. View this post on Instagram God is always faithful. Thank you once again fam, your support is what…

The old version of Kenya’s Ksh.1000 currency notes will be out of circulation by October 1 this year the Central Bank has announced aimed to fight counterfeit and illicit financial flows. Speaking when he unveiled the new legal tender at the Madaraka Day celebrations in Narok, CBK Governor Patrick Njoroge said the move is intended to fight counterfeit practices. “All the older Ksh.1000 series shall be withdrawn. All persons have until October 1, 2019, to exchange these notes, after which the older ones will cease to be legal tender,”  said Dr. Patrick Njoroge, the central bank governor while unveiling the…

The cost of living in Kenya eased slightly in May to 5.49% compared to 6.58% in April on account of favourable weather conditions which resulted in lower food prices. “The food and non-alcoholic drinks index decreased by 0.3% in May mainly due to favourable weather conditions which led to lower prices for some commodities,” the Kenya National Bureau of Statistics Director General Zachary Mwangi said in a statement on Friday. However,  housing, water, electricity, gas and other fuels index increased by 0.61 percentage points due to the higher cost of rent and cooking fuels. On Monday, the Central Bank of…

Uganda Airlines is set to launch its maiden flight between Nairobi and Entebbe stirring up rivalry for the route with Kenya Airways low-cost carrier JamboJet. “Ready to fly with us on our maiden flights? Well, pack your bags Uganda; for we are heading to Nairobi,” it tweeted on Friday. https://twitter.com/UG_Airlines/status/1134382645691998210 In April, the country received two Bombardier CRJ900 jets (5x-KOB and 5x-EQU) as part of its plan to revive national carrier Uganda Airlines, which was grounded almost two decades ago. https://twitter.com/UG_Airlines/status/1148483061912428544 In 2018, Jambojet launched a double daily flight between Nairobi and Entebbe. Jambojet operates double daily flights with departures…

South Africa became third on the African continent that has an equal number of female and male ministers in its government. President Cyril Ramaphosa announced his new Cabinet, downsizing it from 36 to 28 the number of ministers. Half the new ministers are women, making South Africa one of the world’s few gender-balanced governments. “For the first time in the history of our country, half of all the ministers are women,” Ramaphosa said. The rainbow nation joins Ethiopia’s Abiy Ahmed and Rwanda’s Paul Kagame who have taken similar actions. Moussa Faki Mahamat, Chairperson of the African Union Commission congratulated President…