Author: Francis Muli

Kiira Motors Corporation, a local vehicle manufacturing company in Uganda has conducted a successful 130Km road test for a flagship model city bus ( Kayoola EVS), from Nakasongola to Kampala. The Kayoola EVS is an electric vehicle with a seating capacity of 90 Passengers (49 Seated and 41 Standing), with assistive technology for people with special needs including a special seat and a ramp for easy boarding of people with physical disabilities. The Kayoola EVS has a range of 300km on a single charge, according to the manufacturer, with other features like USB Ports and onboard Wifi. Kiira Motors Corporation…

Cytonn Asset Managers Limited (CAML), the regulated affiliate of Cytonn Investments, has launched Cytonn High Yield Fund (CHYF), an investment scheme aimed at financing mid to low income housing. CHYF will target assets under management of Ksh30 billion, which shall be used for the development of 6,000 mid to low-income houses. CHYF is a product regulated by the Capital Markets Authority (CMA) and targets to offer returns of up to 15 percent, according to the company. The minimum initial investment for the fund will be Ksh1,000,000, with an initial lock-in period of three months, after which investors can access all…

Jumia has closed its shop in Rwanda after six years of operation, days after exiting Tanzanian and Cameroonian market. In a message to its customers the New York-listed e-commerce platform said it will cease operations in Rwanda on January 9, 2020. “We regret to inform you that Jumia will suspend our on-demand delivery operations in Rwanda on January 9th 2020,” Jumia told its Rwandan customers on Monday. Read: Jumia Closes Shop In Tanzania Days After Exiting Cameroonian Market According to a seperate notice to Rwandan customers, starting December 9, 2019, Jumia will no longer accept cash on delivery and will…

Cytonn Investments has ranked KCB Group as the most attractive bank in Kenya, in its Q3 2019 Banking Sector Report. The multi-investment company says that KCB’s ranking is as a result of a strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of a bank across 13 different metrics, while the intrinsic score measures the investment return potential. The report, themed “Higher Net Interest Margins and Consolidation to Drive Growth in the Post Rate Cap Era”, analysed the Q3’ 2019 results of the listed banks. Read: Lenders Still Advancing Loans To 70%…

Kenya’s second-largest telco Airtel has launched non-expiry data, months after its rival Safaricom launched a similar product. In the new plan, 5MB of data will cost Ksh1, and a Ksh2 call rate across all networks will be applied. Unlike the traditional method, subscribers will not be required to buy data bundles, but will have to subscribe to the service with no conditions, according to the telco. According to Prasanta Das Sarma, CEO Airtel Kenya, the service comes as a game changer in the market for subscribers who complain of data and airtime expiry. Read: Safaricom Introduces Non-Expiring Data Bundles After…

The Council of Governors (CoG) is planning to convene a meeting with President Uhuru Kenyatta over the ‘state of Nairobi County’ following the arrest of governor Mike Sonko. According to CoG chairman Wycliffe Oparanya, Nairobi’s case is ‘special’ and they are monitoring closely and consulting widely on the outcome. “Following the arrest and detention of H.E. Mike Mbuvi Sonko the Council of Governors is monitoring and consulting widely on the unfolding situation.  We are however aware of the uniqueness of the County Government and therefore we shall reach out to H.E. The President to convene an emergency Summit to address…

Nairobi governor Mike Sonko has urged his supporters not to take to the streets on Monday to protest his arrest, ahead of his arraignment in court. Already, heavy police deployment had been witnessed in the city centre in anticipatory of any protests from Sonko’s supporters, who had threatened to disrupt business in the CBD. In a Facebook post, terming himself as a ‘law-abiding citizen’, Sonko urged the supporters to stay at home or go to their usual places of work from tomorrow (Monday). “I am a law abiding citizen, and therefore ask my supporters to stay away from the courts…

The National Police Service has sealed off a couple of roads in the Nairobi’s Central Business District (CBD) ahead of the city governor Mike Sonko’s arraignment on Monday. Police trucks have been deployed at all roads leading to the City Hall, the Supreme Court, President Kenyatta and Deputy President William Ruto’s office in the CBD. Soon after his arrest on Friday, several social media accounts started sharing messages that they would flood the city on Monday, December 9 to protest the arrest of the flamboyant governor. Following the threat, the police issued a statement promising to ‘deal’ with any picketers…

Just two months after K24 news anchor Betty Kyallo revealed that she is dating, fans are into to it and now demanding that the new catch leaves her. In message screenshot shared online by the TV siren, the fan, most probably a friend to Betty’s man, is demanding that she shows the man’s face. “You as a man, how can you accept Betty to hide your face? You need to break up with Betty if you’re not gonna show your face. You are stupid. She is using you. You’re inferior to her. Break up with her,” read the series of…

11 passengers in a Mandera-bound bus are reported to have been killed by suspected Al-Shabaab terrorists at Kutulo in Wajir. The passengers, reported to be non-locals were aboard a Madina bus which was ambushed by Al-Shabaab between Wargudud and Kutulo area in Kenya’s border town of Wajir. A source says the gunmen targeted non locals. Somali journalist Abdulaziz Billow Ali say that the group has already claimed responsibility of the attack. Beefore killing the victims, non-locals were separated from the locals. Police are yet issue a statement concerning the killings. Email your news TIPS to Editor@kahawatungu.com or WhatsApp +254707482874. You can also…

Businessman Don Bosco Gichana last night made a splash at a city event where he, alongside Joe Kariuki, launched Kariuki’s Forex Trading venture, 51 Capital. Bosco is remembered for his time in Tanzania, where he was jailed for five years over money laundering allegations. On the other hand, Kariuki also spent at least two years in Tanzanian cells, where he was accused of conning a Tanzanian businessman of Ksh13 million and sentenced to seven years. He was later acquitted and set free after an appeal. Now a free man and raring to go, Don Bosco joined hands with Kariuki to…

Safaricom has launched Safiri Smart, a disease surveillance and awareness product that will enhance the country’s epidemic preparedness and control. The product will get you notified for free of disease outbreaks locally and in other countries so that you can take preventive measures beforehand. Users of the platform who travel to areas with ongoing epidemics will receive information as soon as they land in the affected country. Users can opt in for free using *265#. The solution has already been rolled out in Ghana and Laos as a mobile application, enabling citizens of those countries stay informed while visiting epidemic-prone…

A residential flat with six floors has collapsed with people inside in Tassia estate, Embakasi Ward, Embakasi East Constituency. The number of people trapped inside is yet to be known, but rescue operations are underway. At least 17 people have been rescued so far and taken for medical attention at nearby hospitals by first responders from City Hall and the Kenya Red Cross Society. Public Works Principal Secretary Gordon Kihalangwa, who was among government officials who visited the scene, said the ill-fated block had 46 residential houses. The landlord, Mama Kanyoni who was expected to avail tenancy records, was missing…

Kenya Ports Authority Managing Director Daniel Manduku is on the spot yet again for the wrong reason, now trying to evict residents from a house he bought recently. Manduku bought the Resident apartment (formerly Apua) in Ongata Rongai, Umoja Road at Ksh85 million, which is suspected to be proceeds of corruption. Kahawa Tungu learns that the apartment is run by Yusuf Maraga, his younger brother, through a house agency called Yellow House Properties, who normally collect rent on Manduku’s behalf. Immediately after he bought the house, tenants were served with a two month notice to vacate the house, which was…

Telecommunication company Safaricom is set to launch a new savings platform, Mali, which will rival local brick and mortar banks. The platform, Mali (wealth), is in the final stages of testing and will allow M-Pesa users to invest and earn a 10 percent annual interest, which will accrue daily. The service will be accessible to Mpesa users who are over three-month old on Mpesa, with savings caped to Ksh70,000. It will be accessible through USSD code *230 # or via a PayBill number to be unveiled. “The product is supposed to encourage savings where you can put in money and…