Author: Muindi

Money sent home by Kenyans living abroad has surged by 12.9 per cent, reaching Ksh586 billion by June 2024. This marks a significant rise from the Ksh519.1 billion recorded in June 2023, according to the latest data from the Central Bank of Kenya (CBK). The remittances over the 12 months have jumped by Ksh66.936 billion. “The cumulative inflows for the 12 months to June remained steady at USD 4,535 million (about Ksh586 billion) compared to USD 4,017 million (about Ksh519.1 billion) in a similar period in 2023, an increase of 12.9 per cent,” stated CBK in its weekly bulletin on…

The Kenya Association of Manufacturers (KAM) has appointed Jane Karuku, Managing Director of East African Breweries, as its new chairperson for a two-year term. Previously serving as Vice Chairperson since July 2022, Karuku succeeded Rajan Shah and aims to build upon KAM’s purpose of promoting sustainable industrialization for national prosperity. “We have a lot of work to do to grow manufacturing’s contribution to Kenya’s GDP to 20% by 2030,” Karuku acknowledged. Her focus will be driving industrialization, expanding KAM’s membership, and fostering collaboration with all stakeholders. “Our primary goal is to make industrialization more significant in Kenya through KAM,” she…

Kenya’s office market rebounds, mirroring a trend across Africa. Knight Frank’s report shows the continent’s average office vacancy rate at 25%, down from 40% in 2022. This improvement is attributed to employees gradually returning to offices after the COVID-19 disruption. The rise in demand is particularly noticeable for flexible workspaces like co-working spaces (shared office environments with flexible leases). Developers are expanding co-working options in Kenya, especially in Westlands, the country’s primary office hub. This trend is driven by occupiers’ preference for flexibility and coincides with the arrival of new co-working operators like Regus, Spaces, and Ikigai in the Westlands.…

Absa Bank Kenya has partnered with Old Mutual Group to offer a comprehensive insurance solution, Linda Biz, specifically designed for Small and Medium-Sized Enterprises (SMEs). This bundled insurance package provides SMEs with affordable access to extensive protection for business assets, risk mitigation, employee health coverage, and seamless business continuity. Linda Biz covers losses due to fire, political violence, riots, floods, business interruption, burglary, theft, and employee dishonesty. It also offers employee health coverage with various options, including inpatient care. Additionally, Linda Biz includes life insurance that pays a lump sum in case of death, disability, or critical illness. Both Absa…

In an age where digital presence is as significant as physical existence, finding accurate information about individuals online has become crucial for both personal and professional reasons. CocoFinder emerges as a beacon for those in the quest to perform comprehensive people searches. This review will delve into the functionalities, features, and overall effectiveness of CocoFinder as a tool to search for real people. What is CocoFinder? CocoFinder is a sophisticated online platform designed to simplify the process of searching for information about individuals. It serves as a bridge connecting users to a plethora of public records, thereby making it easier…

The 2024 Nairobi City Marathon, originally scheduled for July 7th, has been postponed due to unforeseen circumstances beyond the organizers’ control. The new date for the third edition is September 8th, 2024. The official statement from the organisers cites “unavoidable, external circumstances” as the reason for the delay. This postponement coincides with ongoing protests in Kenya sparked by the Finance Bill 2024. The protests have led to the cancellation of other events, including the opening ceremony for the Global Peace Leadership Conference. “After widespread consultations, evaluation, and introspection, the Nairobi City Marathon, earlier scheduled for this Sunday, July 7, has…