Safaricom has announced that it will offer free MPesa services for 24 hours starting at midnight Tuesday into Wednesday as compensation for a network outage that saw its customers nationwide lose services for several hours on Monday. During the outage millions of Safaricom’s customers had no access…

Kenya Commercial Bank (KCB) has announced that it has kicked off a process that will see over 1000 employees laid off. The Kenya’s biggest banking group by assets said in a statement that it has offered a voluntary program for its workers who are considering early retirement as the bank kicks off…

Kenya has been warned against Internet shutdown during the elections period as it could face tough consequences from the body that manages Internet addresses in Africa if a new proposal is adopted. The proposal forwarded by some members of the African Network Information Centre (AFRINIC) would deny…

French state broadcaster France Medias Monde has expressed its interests to enter into the increasingly competitive Kenyan television space. A Kenya Gazette notice published on Friday shows that the French giant broadcaster, which owns among others, the France24 channel, has applied for a license…

The Kenya Rugby Union has expressed fears that the 50 per cent taxation imposed on betting firms by the Kenyan government could have a negative impact on sports sponsorships in the country. Kenya Rugby Union Chief Executive Officer Ronald Bukusi in a statement to the media argued that sponsorships…

Nairobi has been named as the most attractive city in Middle East and Africa (MEA) for global Fortune 500 companies, shows a new report. The report that was released by Infomineo, a global business research company that specializes in Africa and the Middle East, focuses on multinationals looking at…

President Uhuru Kenyatta and Nairobi Governor Evans Kidero on Saturday honored pioneer businessman Gerald Gikonyo with ‘Keys to the City’. The ceremony was held at State House, Nairobi to honor the chairman and founding member of the multi-billion shilling Rwathia Group, a conglomerate of numerous…

Former Safaricom CEO Micahel Joseph has been appointed to the board of MFS Africa, a South African technology company. Michael Joseph will serve as a non-executive director to help strengthen MFS Africa’s relationships with banks, mobile network operators, and money transfer organizations. MFS…

Kenyans have been warned against investing their hard-earned money in Ponzi-like investment schemes. The Central Bank of Kenya together with the Sacco Societies Regulatory Authority (SASRA) say investors in lured into such unlicensed schemes with promises of huge and quick returns end up losing…

Nairobi tycoon Mr. Gerald Gikonyo was on Thursday honored with Keys to the City by Nairobi Governor Evans Kidero.   Mr. Gikonyo, 104 years old, is a pioneering businessman in Nairobi and co-founder of Rwathia Group of Companies, which owns a conglomerate of about tens of businesses in downtown…