Author: Muindi

The Standard Chartered Nairobi Marathon, set for October 29, 2023, has received over KES 178 million in support from more than 30 partners. This support, mostly in-kind, will enhance the marathon experience for participants. The marathon, celebrating its 20th anniversary, has seen over 270,000 runners participate since its inception and has raised over KES 750 million for various initiatives. The proceeds from the marathon will go towards Standard Chartered Kenya’s ‘Future Makers’ initiative, which promotes economic inclusion for disadvantaged youth. Peter Gitau, Chair of the Local Organising Committee, expressed delight at the transformative impact of the marathon and the partnership…

The Media Council of Kenya (MCK) has formed a technical committee to establish guidelines for the ethical use of Artificial Intelligence (AI), data, and social media in professional journalism. This move is in response to the rapid technological changes impacting the industry. The committee, comprising experts from media, technology, academia, and legal fields, will explore the benefits and threats of new technologies, and make recommendations on ethical considerations to improve the quality of journalism. Meet the team Sara Mumbua Nzuki, Michael Michie, Prof John Walubengo, Susan Mute, Ellen Wanjiru, Carole Kimutai, Silas Kiragu, Margaret Kalekye, Michael Oriedo, Dr Gilbert Mugeni,…

Estonian taxi-hailing firm Bolt has reiterated its long-term commitment to the Kenyan market. The firm, in a statement, said, “Adherence to Kenyan regulations remains a top priority as it is foundational to building a long-term sustainable business that positively contributes to all stakeholders in the ecosystem.” “We remain open to collaborative dialogue with our regulator, driver-partners and the wider public to continually ensure full compliance with regulation and expand income generation within our platform.” This was in response to allegations of license renewal rejection by the Kenyan National Transport and Safety Authority (NTSA) due to supposed violations. “This Authority has…

The Automobile Association of Kenya (AA Kenya) has announced a Restricted Public Offer (RPO) to raise capital from its shareholders. AA Kenya says the strategic decision aligns with its plan to diversify into new business lines, expand its geographical reach, and establish itself as a mobility centre of excellence. The RPO, a type of securities offer made only to professional investors in a restricted market sub-segment, was announced in a public notice on Monday, October 9. The capital raised from the offer will be used to digitize operations, marking a key step in AA’s strategic evolution. This announcement comes on…

NCBA Group borrowers will start paying more for their loans effective November 1, 2023.  In a public notice, NCBA Group disclosed that it would be revising its loan rates to 14.5 per cent from 13 per cent for the shilling-denominated loans.  Subsequently, rates for dollar loans will also increase to 11 per cent from 10.5 per cent. “Due to the current macroeconomic environment and rising interest rates, we wish to advise that our base lending rate will increase to 14.5 per cent for shilling-denominated loans and to 11 per cent for dollar facilities effective November 8, 2023,” NCBA Bank said…

The United Bank for Africa (UBA) has launched the UBA Braille Account Opening Form in Kenya, a first-of-its-kind initiative designed to cater to the financial needs of the visually impaired. This marks a significant step towards enhancing inclusivity and accessibility in banking services for visually impaired people. In a statement, the bank said the introduction of Braille Account Opening Forms underscores its commitment to empowering persons living with disabilities by providing them with tailored solutions to access banking services independently and with ease. This initiative aligns with UBA Kenya’s core values of inclusivity, diversity, and customer-centricity. UBA Kenya is dedicated…