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CBK Announces Update on Kenya Currency Denominations

In a significant development, the Central Bank of Kenya (CBK) has issued a public notification detailing changes in the country’s currency banknotes. The update, which has been keenly anticipated by the public and the financial sector, brings a fresh look to the Kenyan currency, with notable alterations to its denominations. One of the key changes […]

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Blog Business

The Journey of Jake Paul and Mike Tyson: A Clash of Generations.

The boxing ring has always been a stage for drama, power, and emotion, but few fights have captured the public’s imagination quite like the showdown between Jake Paul and Mike Tyson. On one side, you had Jake Paul, the YouTube star turned professional boxer, eager to prove himself in a world dominated by established names. […]

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Blog Business

Microsoft to Discontinue Autofill Extension for Chrome in December 2024.

Microsoft has announced that it will discontinue the Autofill extension for the Chrome browser, effective December 14, 2024. The company states that it is simplifying its offerings for users and will no longer support the extension, though users’ data will remain intact, except for payment information. The Autofill extension allowed users with a Microsoft account […]

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Bulletins Business

Meta Platforms to Pay $1.4 Billion to Settle Texas Biometric Privacy Lawsuit.

Meta Platforms, the parent company of Facebook, has agreed to pay $1.4 billion (Ksh. 182billion) to resolve a lawsuit brought by Texas, accusing the tech giant of illegally using facial-recognition technology to collect biometric data from millions of Texans without their consent.The terms of the settlement, disclosed on Tuesday, represent the largest accord ever achieved […]

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Bulletins Business

Digital literacy: Kakuzi boosts Digital Skills Trainingfor Primary Schools Pupils in Murang’a County.

Listed agribusiness firm Kakuzi Plc (NSE: KUKZ) has stepped up its corporate digital literacy enhancement programme for schools in Murang’a County. As part of an initiative to equip Primary school students with digital skills and enable them compete on an equal footing nationally and beyond, Kakuzi has donated 18 computers and 3 printers to three rural […]

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Bulletins Business

Safaricom Shareholders Approve KES 26.04 Billion Final Dividend

Nairobi, 25th July 2024 Safaricom PLC (NSE: SCOM) today held its Annual General Meeting (AGM) virtually, where shareholders approved a final dividend of KES 0.65 per share, amounting to KES 26.04 billion for the financial year ended 31 March 2024.Following an interim dividend of KES 0.55 per share, totaling KES 22.04 billion, that was paid […]

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Bulletins Business

Civil Society Alarmed Over Expiry Dates on New ID Cards, Alleges Scheme to Influence 2027 Elections.

Kenya’s Civil Society has voiced strong reservations regarding the issuance of new National Identity Cards in the country. During a press briefing on Sunday, lobby groups expressed outright dismissal of the newly introduced Maisha number for Kenyan adults under the updated identification system. The CSOs raised concerns about the supposed expiry date attached to the […]

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Business

Apple becomes the latest tech giant under siege.

To understand how much the US government’s new lawsuit strikes at the heart of the identity Apple has forged for itself, let’s first consider the firm’s fanbase. Apple has a unique position as a tech brand, and is regarded with enormous affection by those who like it. I’ve sat through a lot of Apple events […]

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Blog Business

DEMOCRATIZING ARTIFICIAL INTELLIGENCE IN AFRICA

As Artificial Intelligence adoption in Africa continues to grow, different players are playing different roles to ensure the safe uptake and usage of the technology. In its aim of democratizing AI in Africa, Applied Machine Learning Days has partnered with the United States International University to host this year’s annual conference. The conference, running from […]

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Business

SAFARICOM INVESTMENT CO-OPERATIVE SOCIETY APPROVES KES 142.4 MILLION REBATE PAYOUT FOR MEMBERS.

Nairobi, February 24th, 2024 – Safaricom Investment Co-operative shareholders have approved a KES 142.4 million rebate payout during the 15th Annual General Meeting. The payout comes after the Society reported a KES. 203.4 million in net profit for the year that ended 31st December 2023 against KES 266 million reported in the same period under review in 2022. […]

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