Author: Muindi

Kilifi duo Sabrina Chepkemoi and Marrieta Halima of St. Thomas Girls Secondary School won the Young Scientists of the Year for the best innovation at the 2021 Young Scientists Kenya National Science and Technology Exhibition. “When we got an opportunity to participate in the exhibition, we took up the challenge to address a key issue that many developing countries have faced since the outbreak of COVID-19, lack of sufficient test kits. This informed our decision to come up with the Rapid Covix-Breathalyzer Testing Kit. Beyond winning, we look forward to progressing our project and seeing it positively impact society,” said…

Kenya National Treasury’s plan to raise Ksh 60 billion from Treasury bonds (T-bonds) in October witnessed under-subscriptions attributed to the tight liquidity end of September. The Central Bank of Kenya received bids worth Ksh 55.5 billion representing a 92.5% performance rate. It accepted Ksh 52 billion following the close of the bonds sale. The three bonds; FXD1/2013/15, FXD3/2019/15 & FXD1/2021/24 have 6.4, 12.9 and 24.7 years to maturity. The coupons for the three bonds were; 11.3%, 12.3% and 13.9%, and the weighted average yield for the issues were; 11.9%, 12.8% and 13.8%, for FXD1/2013/15, FXD1/2019/15 and FXD1/2021/25, respectively. The money…

Kenya Airways on Thursday announced that it will start operating additional flights from Kenya to United Kingdon beginning October 11 following its removal from the red list to amber. “With Kenya off U.K.’s Covid-19 red to amber list of countries, we couldn’t be more excited to introduce additional flights. Starting 11th October 2021,  you can now fly to London and back every Tuesday, Thursday, Saturday and Sunday,” tweeted Kenya Airways. Travelling from Nairobi to London Heathrow one will pay KSh88,775 on a round trip. On the other hand, from Nairobi to London City (LCY), United Kingdom, a customer will part…

The Social House Nairobi has been awarded one of two runners up spots in the Best Urban Hotel category of the 2021 National Geographic Travellers’ annual Hotel Awards.  The 83 bedrooms independent property was awarded as runner-up, alongside Capella in Bangkok, with The Hoxton in Rome as the overall winner.  National Geographic said: “This is no ordinary African city boutique hotel, expertly dodging both colonial tropes and the corporate feel of many regional options. Instead, locals pack out four fabulous bars and restaurants, with menus ranging from Scandinavian to Peruvian-Japanese. Bed down in one of 83 rooms with smartphone controls,…

Coca-Cola Co has launched a new global brand philosophy and platform called Real Magic. Real Magic marks the first new global brand platform for Coca-Cola since 2016 and reveals the “Hug” as a new perspective on its logo. In 2016, Coca-Cola launched a new “One Brand” global marketing strategy through a campaign called “Taste the Feeling.” “Real Magic is not simply a tagline or a one-off campaign: It is a long-term brand philosophy and belief that will drive and guide marketing and communications across the Coca-Cola Trademark,” said Manolo Arroyo, Chief Marketing Officer. To activate the campaign in Kenya, consumers…

WPP Scangroup forecast weaker earnings for its full-year financial results on Thursday as it posted Ksh 31 million profit for its six months ended 30 June 2021 compared to a loss of Ksh 532 million in the prior period. “Operating profit before provisions for doubtful debts increased by Ksh 276 million mainly due to lower staff costs. Net interest income increased to Ksh 99 million, principally due to the higher bank deposit balances following the sale of the Kantar businesses in 2020,” it said. The listed company reported net sales of Ksh 1.1 Billion, an increase by 1.7%. Operating profit came in…