Author: Korir Issa

Airtel Kenya has reduced its call rates to other mobile networks in Kenya from KES 0.58 per minute to KES 0.41 per minute, effective March 1, 2024.  The cut follows the Communications Authority of Kenya (CA) directive to lower mobile termination rates (MTRs). What are MTRs? MTRs are fees that mobile service providers charge each other for completing calls on their networks. Lower MTRs allow operators to offer cheaper call rates to customers on other networks. Despite opposition from Safaricom, the CA directed all Kenyan mobile operators to reduce MTRs. This move is expected to increase competition and lower call…

The Central Bank of Kenya (CBK) predicts lower prices for most basic food items in April 2024.  Favourable weather conditions, a stronger Kenyan shilling, and recent fuel price reductions contribute to this positive outlook. The good news extends to staples like maize, beans, vegetables, milk, and bread, which are all forecast to see lower prices in the month. A drop in dollar demand, fueled by stronger investor interest, has led to an 18% appreciation of the shilling year-to-date. Consumers can also expect stability in the cost of maize flour, sugar, and cooking oil. Stability in milk prices is attributed to…

Sidian Bank, a Kenyan bank focused on serving small and medium-sized businesses (SMEs), has opened its 46th branch in Thindigua, Kiambu County.  This strategic expansion strengthens Sidian’s presence in key economic hubs and aims to provide much-needed financial support to local businesses. We are thrilled to announce the grand opening of our 46th branch in Kiambu. Come and experience our services at K-Mall 1st floor on Kiambu road- Thindigua. We are committed to deliver tailor-made solutions and excellent service to meet your unique needs. #SidianBranchKiambu pic.twitter.com/U092AHYYoF — Sidian Bank (@SidianBank) April 6, 2024   The bank will offer convenient banking…

The Standard Chartered Bank, alongside @iBizAfrica – Strathmore University, has launched the seventh cohort of their Women in Tech Incubator Program.  The 12-week program equips 15 female entrepreneurs with the skills and resources to grow their tech-driven businesses. Focus on Sustainability The 2024 cohort emphasises sustainability, reflecting the program’s commitment to innovation and environmental and social responsibility.  The Women in Tech Incubator Program program aligns with the need for increased sustainability efforts within Kenya’s startups and corporations. A recent Nairobi Securities Exchange survey found only 15 out of 61 companies adhere to ESG (Environmental, Social, and Governance) standards, highlighting a need…

The Kenya Revenue Authority (KRA) introduced the Electronic Tax Invoice Management System (eTIMS) to ensure that all businesses issue valid tax invoices. The eTIMS platform was launched in 2020 to boost tax compliance by tracking transactions in real time. Under the new e-invoicing system, taxpayers must electronically generate and transmit invoices to KRA. Who Needs to Use eTIMS? Regardless of Value Added Tax (VAT) registration status, all businesses need to comply with eTIMS. This includes individuals and companies earning rental income, those under the Turnover Tax (TOT), and those with annual turnovers below KSh 5 million. What are the Benefits…

The Royal Nairobi Golf Club (RNGC) emerged victorious in the 99th edition of the Tannahill Shield Tournament, ending their five-year championship drought. The thrilling three-day event culminated on Sunday evening at the RNGC course. Royal Nairobi Golf Club secured the win with a final score of 39 points, narrowly edging out Western Kenya, which finished second with 38 points. Unstoppable on the field, unparalleled in passion – our team etches its name in the annals of history as the reigning champions of 2024! 🏆🌟 #LegendsMade #ChampionsForever 🔥🏌️‍♂️ #Tannahill2024 #EasterTournament”#KaribuRoyal #99thEditionTannahillShield #TS2024 #TannahillShield pic.twitter.com/RlDnFlfVk5 — ROYAL NAIROBI GOLF CLUB (@RoyalNairobi) April…