Author: Muindi

Kenya’s President William Ruto has assured the public and the markets that the country will be able to pay the first $300 million, or KES 500 billion, installment of the $2 billion Eurobond debt that matures next year.  He said that the government has secured enough funds to meet its debt obligations and avoid default. While addressing Parliament on Thursday, President Ruto said that the country has made significant progress in mobilizing resources to service its debt. “Our efforts to stabilise the situation have yielded such progress that next month, in December, we will be able to settle the first…

itel, the global leader in smart life, has announced the upcoming launch of its flagship curved-screen smartphone, the itel S23+, in Kenya. itel S23+ features a stunning 6.78-inch FHD+ AMOLED curved screen that wraps around the edges, creating a captivating visual experience.  The screen has a 59-degree curvature and a 93% ultra-high screen-to-body ratio, offering immersive views for users. The itel S23+ also boasts an impressive storage capacity, with up to 16 GB of EF RAM and 2 x 256GB of interlaced storage. Its Extended RAM technology uses an extra 8GB from the ROM, allowing smooth multitasking between up to…

Swiss-Belhotel International, a Hong Kong-based hotel management company, has announced its partnership with two Nairobi hotels: Nairobi Safari Club and Emory Hotel in Kileleshwa. The deal is part of the company’s expansion strategy in Africa and comes amid the recovery of the tourism sector from the COVID-19 pandemic. Nairobi Safari Club, which has 146 rooms and conferencing facilities, will be rebranded as Nairobi Safari Club by Swiss-Belhotel. The hotel’s custodians, Claire Njeri and Lilian Githunguri, said they are pleased to work with Swiss-Belhotel International, which shares their vision of delivering a world-class city hotel. “We are pleased to announce the…

Airtel Money has announced a new partnership with eCitizen, the online platform for accessing government services.  Customers can now pay for passport and visa applications, driver’s license renewals, and more using Airtel Money and enjoy up to 25% lower transaction fees than the current market rates. Airtel Money Kenya customers can now pay for over 9,000 government services using their wallets and enjoy up to 25% lower transaction fees than the current market rates. The partnership with eCitizen aims to simplify Kenyans’ access to government services such as passport and visa applications, driver’s license renewals, identification card and birth certificate…

Captain Morgan, East Africa Breweries’ leading rum brand, is launching its first-ever pan-African campaign, ‘Spice On’, in Kenya and unveiling its new pack design on November 11 at The Thika Road Mall (TRM) Grounds. The event will feature a diverse and electrifying lineup of talented artists, DJs, and MCs, including Captain Morgan’s lead influencer and Punguza Ego hit maker, Mejja, Kenyan multi-talented artist Ssaru wa Manyaru, Kenyan rapper Boutross, and Kenyan Music Duo Vijana Baru Baru. The event will be hosted by MC Gogo and MC Teargas, with DJ Redbone, DJ Kalonje, and DJ Karoski spinning the decks throughout the…

Arvocap Asset Managers Limited and Myxeno Investment Management Limited have received licenses from the Capital Markets Authority (CMA) to operate as fund managers.  Kingdom Securities Limited has also been licensed as an authorized securities dealer by the regulator. Fund managers are entities that manage collective investment schemes, registered venture capital companies, or investment portfolios.  Authorised securities dealers are entities that deal in securities and operate in specific market segments. The CMA now has 40 licensed fund managers and four authorised securities dealers.  The regulator’s CEO, Wyckliffe Shamiah, said that the licensing of new market players shows their confidence in the…