Author: Francis Muli

Capital Markets Authority (CMA) chairman James Ndegwa has announced his exit from the authority after serving for six years. This marks the end of a protracted battle at the authority that saw him fight court cases through his second term since March 28, 2018. “This is my last week as the chairman of the authority’s board. It has been a great honour to serve in this position for two terms and to work with all the various stakeholders in the capital markets industry, our peer regulators, my colleagues on the board and the highly committed team at the authority,” he…

Deputy President William Ruto has for the first time admitted in public that he has differences with President Uhuru Kenyatta, that have seen him pushed away from government. Speaking to Citizen TV’s Linus Kaikai on Thursday night, Ruto said that things went haywire after the 2017 General Elections when people he termed as “cabals” joined the government. “You cannot with certainty say that you monitor when I talk or not talk to my boss,” Ruto told Kaikai. “Admittedly we have challenges. It is in the public domain that the way we worked up until 2017 is different to the way…

KCPE results are set to be released today by Educations Cabinet Secretary George Magoha. Last week, the CS shared that the results would be out within two weeks. Candidates who completed their KCPE exams in March this year are already waiting for their results with bated breaths. Most of them will want to get their results immediately and luckily, there are ways to do so. Safaricom has already sent out a message alerting interested users to check their results using the given code. Airtel and Telkom subscribers can also use the same results checking system Read: KCPE Results Set to…

The Competitions Authority of Kenya (CA) has come to Safaricom’s defense against claims that the telco has abused its dominance in the market. Speaking to the Senate, CA director-general Wang’ombe Kariuki said Safaricom’s Mpesa, Voice and SMS service had passed the compliance checks. The telco also passed checks ascertaining that it had not engaged in contracts or practices that could expose its rivals, Airtel and Telkom, to unfair competition. According to CA, T-Kash by Telkom and AirtelMoney by Airtel had in the last few years increased their market share in the mobile money market. Read: Safaricom, Airtel, Telkom, CA Sued…

High Court Judge Justice Marete Njagi was on Thursday put to task to explain a statement on his disability card that insinuated that he is mentally ill, something that would outrightly disqualify him from being the next Chief Justice. The Judge was tasked by Court of Appeal Judge Mohammed Warsame, who noted that Justice Marete’s card indicated that he had both visual and mental disabilities. In his defense, Justice Marete said that the statement was put there by mistake, saying that he has only a visual disability. “I have no mental issues. There was an error on my card and…

Instagram will now allow users to choose whether to keep the number of their likes public or hidden. The confirmation comes weeks after various Tech sites, including KahawaTungu reported that the platform was working on the feature. Instagram started testing the option to remove count likes after an announcement at the Facebook’s annual developer conference. The move came about following allegations of societal pressure on users based on the number of likes their posts garnered. Read: Instagram Likely to Give Users The Option of Unhiding the Number of Likes on a Post As a result, the app tested the option…

Kenya is set to auction oil and gas exploration blocks in the Lamu Basin in the Indian Ocean, Petroleum and Mining Principal Secretary Andrew Kamau has announced. Currently, US-based ION Geophysical Corp is collecting seismic data after which the oil fields will be auctioned. “We expect to go into a bidding round after we have the data after a year. They (ION) will recoup their costs after the bidding,” said Mr Kamau. At least 13 offshore exploration wells have been drilled so far, but no commercial discovery has been done even as ION looks at an area of 14,000 square…

The retail prices for Super Petrol, Diesel and Kerosene in April 2021 review have remained unchanged from March 2021 pump prices. In March review, the retail prices for Super Petrol, Diesel and Kerosene were set at Ksh122.81, Ksh107.66 and Ksh97.85, respectively, in Nairobi. The Energy and Petroleum Regulatory Authority (EPRA) said that the average landed cost of imported Super Petrol increased by 9.27% from US$ 449.82 per cubic metre in February 2021 to US$ 491.50 per cubic metre in March 2021; Diesel increased by 4.77% from US$ 423.95 per cubic metre to US$ 444.17 per cubic metre and Kerosene increased…

Telkom Kenya has partnered with the Ministry of ICT to create Fursa, a youth-focused digital wallet aimed at including them from financial exclusion during the pandemic. The platform will allow youths to receive funds fast, securely and conveniently from the National Youth Council. This will also allow youth to stay resilient especially in this age where a number of physical and infrastructural barriers obstruct their access to financial services and products. Telkom will install the Fursa wallet and provide professional and product support and maintenance. It will also offer consumer care services and infrastructure while monitoring its performance and availability.…

A spouse is not entitled to property that the other party had before the two got married, Justice Martha Koome has said. Justice Koome spoke during an interview by the Judicial Service Commission (JSC), in which she is seeking to become the next Chief Justice following the retirement of Justice David Maraga. “If I got married today and I have some property, my spouse is not entitled to it. And if I got married and my husband has some property, I am not entitled to it because that is his property,” she said. However, on the other hand, Justice Koome…

The Covid-19 pandemic has made home fibre very popular. Most companies have adopted work from home policies and more people now spend their time online working, studying, shopping, streaming shows and gaming. There are many internet service providers in the market already. However, the two strongest contenders are Safaricom and Zuku. Many people who wish to get home broadband find it difficult choosing between the two. This article will break down Safaricom and Zuku’s offerings so you can get exactly what you need. Read: Safaricom Home Fibre Double Speeds Now Permanent Safaricom Packages Safaricom has four exclusive packages for its…

Machakos, Makueni and Kajiado counties have suspended development and issuance of development permits on land within a 10-kilometre radius around Konza Technopolis for a period of 90 days. This comes as a blow to investors looking to cash in from approval of building plans, developments, change of user, subdivisions of land or amalgamation of the land surrounding the city. This includes building plans and proposed civil works that have not yet commenced and development proposals that have been processed and approved. The suspension stands until the formulation of the Inter-County physical planning and Land Use Development Plan. “The plan will…

Lawrence Warunge, the murder suspect who confessed to killing his parents, 12-year old brother, his cousin and their farmhand in January, has been confirmed fit to stand trial. This follows a psychiatric report released by Mathari Mental Hospital, confirming that the 22-year-old can now answer to the alleged crimes. Warunge who told homicide detectives that he was inspired by a movie series ‘Killing Eve’ to end the lives of the five, will plead to murder charges tomorrow, at the Kiambu High Court. His girlfriend and the second suspect, Sarah Muthoni was released in January under Section 87 (a), and turned…

Authorities have impounded 39 lorries ferrying tonnes of maize from Uganda, said to be ‘unsafe’ for human consumption. This comes a month after the Agriculture and Food Authority (AFA) banned the importation of maize from Uganda and Tanzania. The Ministry of Agriculture says that the maize had been imported by unscrupulous businessmen, who were using ungazetted routes to sneak in the consignments. “25 lorries are being held at Busia police station while 14 are at Adungosi,” said the Ministry. The government had issued new directives for the importation of maize from Uganda and Tanzania, which requires all maize importers will…

AfricanHairPLC, a beauty-based ecommerce company trading as Beauty Click has announced plans to list on the Nairobi Stock Exchange. The firm’s shareholders approved the plans which will see the company raise new equity which will be channeled towards bolstering the commercialization of its products portfolio, enhancing its ecommerce platform and expanding its services across the region. “Upon receiving the green light from our shareholders, we kick-started the process to seek requisite regulatory approvals for a listing and further capitalization at the NSE,” Africanhair PLC founder and director Jesper Drescher told shareholders. Read: NSE Warns of Scam Website Out To Defraud…