Author: David Indeje

Family Bank has received approval from shareholders to offer up to 800 million new shares through a rights issue, increasing the Bank’s issued authorized Ordinary shares from 1.5 billion to 2.3 billion. The Bank aims to raise up to KES 10 billion in the medium term through this increase in Ordinary shares, achieved via a mix of a rights issue and private placement. The funds raised will be used to strengthen Family Bank’s capital base, support local and regional growth plans, drive investments in IT infrastructure and new product initiatives, and support onward lending activities. The rights issue will open…

Kenya Breweries Limited’s spirit brand, Kenya Cane, hosted the Greats’ Fest cultural extravaganza in Narok town over the weekend.  The event featured a blend of food, locally inspired cocktails, and live music performances by local artists.  Highlights included performances by King Laiso, Ayrosh, Simply Yaba, DJ Lyta, DJ Signal and MC Patrick Lelion.  The event also recognized Paul Ole Sopia and Joel Koirag, who were selected from the brand’s “Greats search” activation for their contributions towards their greatness.  The cultural extravaganzas, which began at The National Museum in 2022, have been hosted in various locations across Kenya – Nakuru, Thika,…

Xiaomi, the Chinese electronics company, has announced the development of a new mobile operating system, HyperOS. According to the company, it will replace MIUI on future smartphones, starting with the Xiaomi 14 series.  Today marks a historic moment. After years of collective work, our new operating system, #XiaomiHyperOS, is set to make its official debut on #Xiaomi14Series. pic.twitter.com/bNJqIyD8y0 — Lei Jun (@leijun) October 17, 2023 The company has been developing HyperOS since 2017 and it is designed to power not only smartphones but also other Xiaomi devices, including future smart home appliances and electric vehicles.  The new OS is said…

Airtel Rwanda launched the ‘ConnectRwanda2.0’ campaign on October 16, aiming to provide over a million Rwandans with affordable 4G smartphones. The event took place in the Kabarondo sector, Kayonza district and was attended by thousands of local citizens. The initiative offers 4G smartphones to the public at a low cost of Rwf20,000, making it more accessible to a wider Rwandan audience.  Subscribers can also opt for a monthly payment plan of Rwf1,000, which includes unlimited calls and SMS across all networks and 1GB of daily internet connectivity. Paula Ingabire, Minister of ICT and Innovation emphasized the importance of smartphones in…

The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices in Kenya for the period from October 15 to November 14, 2023. The prices for Super Petrol, Diesel, and Kerosene have risen by 2.7%, 2.2%, and 1.2%, respectively, reaching Kshs 217.4, Kshs 205.5, and Kshs 205.1 per litre. “Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel, and Kerosene increase by Ksh5.72, Ksh4.48, and Ksh2.45 per litre respectively. “In Nairobi, Super Petrol, Diesel, and Kerosene will…

A Kenyan court has dismissed a complaint by the Law Society of Kenya (LSK) challenging the government’s decision to authorize the cultivation and import of genetically modified organisms (GMOs).  The decision to allow GMOs, which had been banned since 2012, was made by President William Ruto’s government in October 2022 in response to a severe drought.  The Kenyan Cabinet’s decision was informed by various expert and technical reports on the adoption of biotechnology.  These included reports from Kenya’s National Biosafety Authority (NBA), the World Health Organization (WHO), the Food and Agriculture Organization (FAO), the United States of America’s Food and…