Look up TV to Close After 6 Years
Look Up TV, a free-to-air terrestrial channel that pledged to shake up the media industry with its up-to-par Swahili news and programmes, is closing after six years. The shutdown affects less than 50 employees, including those working as editors and staff writers for its online news website, which will also be closed. While announcing the closure at the end of a...
What Is This SC Shilingi Funds?
Invest while you save! SC Shilingi funds help you to invest your daily, weekly, or monthly savings in short-term money market funds that give an attractive rate of return, Standard Chartered Bank says, but many people don't really know what this SC Shilingi Funds is; SC Shilingi Funds is one of the investment products by Standard Chartered Bank Kenya. Precisely,...
ECDE Teachers Get Salary Increases in Elgeyo Marakwet
Salaries for Early Childhood and Development Education (ECDE) teachers in Elgeyo Marakwet County will rise immediately by Ksh4,000 as part of a new contract announced by Governor Wisley Rotich. While delivering the State of the County address at the county assembly in Iten, the Governor said the salary increases affect three job groups of the ECDE teachers, and the highest...
Mombasa Bans Sales and Use of Muguka in the County
Mombasa has become the first county to ban the sale and use of muguka, a caffeine-filled stimulant that produces a mild high when chewed. Governor Abdulswamad Sheriff Nassir issued Executive Order No. 1 of 2024 on May 23, and the first-in-the-nation directive takes effect immediately. The order calls for sales and distribution of the products, known as jaba in the streets,...
Government Unveils Plans to Register New Inua Jamii Beneficiaries
The government has unveiled plans to register more beneficiaries into its needs-based Inua Jamii cash transfer programme, a national safety net for elderly and disadvantaged Kenyans. According to the Ministry of Labour and Social Protection, those targeted when the registration begins today include vulnerable senior citizens and persons with disabilities. “Household registration for Persons with Severe Disabilities Cash Transfer (PWSD-CT) and...
What Is Mali by Safaricom?
If you normally make Mpesa transactions using the updated M-PESA Super App, I am sure you have come across Mali and probably asked yourself, or those around you, what that Mali by Safaricom is; I bet many failed to know or gave inaccurate information about it. But here is the answer: Mali is a money market fund by Safaricom, the...
Companies Listed on NSE in Kenya
NSE is the Kenyan stock exchange: In full, it is the Nairobi Securities Exchange and not the Nairobi Stock Exchange, as many usually call it. And just like the USA's NYSE, the New York Stock Exchange, the largest stock exchange in the world, NSE is where the equity shares of public companies in Kenya are bought and sold. By its worth,...
How to Buy Airtel Shares in Kenya
Airtel Kenya is the second biggest provider of telecommunications and mobile money services in Kenya after Safaricom, ranked the best network across the country for data and calls, and also because of Mpesa. Because of the 'PLC' tag meaning a public limited company at the end of Safaricom PLC, as it is known, we all know, at least most of us, that...
What Is the National Minimum Wage in Kenya in 2024?
Millions of workers across Kenya will soon receive a pay increase after the President asked the Ministry of Labour to raise the national minimum wage by 6% as he spoke during the 2024 Labour Day celebrations held at Uhuru Gardens in Nairobi on 1st May. Such minimum wage, recognised by law, is the base level of pay that employers are...
What You Need to Know about AMREF SACCO
AMREF SACCO operates as a financial cooperative. If it were in the US, it could be operating as a Credit Union, a nonprofit financial institution owned by people who use its financial products. Specifically, it is a non-DT (deposit taking) SACCO, which Kenyan SACCOs regulator Sacco Societies Regulatory Authority SASRA defines as a financial institution that accepts deposits but bars...
