The High Court has given the Central Bank of Kenya thumbs up on the new generation currency notes by determining that there was no violation of the Constitution in the design, that the statue of Mzee Jomo Kenyatta at the Kenyatta International Convention Centre, a national landmark, is an integral part of the building, and is not a portrait. Contentious as that may sound, it settles the matter for now, assuming the petitioner won’t appeal. Besides, the Court was also in agreement with the CBK on the issue of participation. It held that the regulator carried out extensive, reasonable and…
Author: Nairobi Business Monthly Reporter
Azuri Technologies, a leader in pay-as-you-go solar home technology for off-grid Africa, continues to build on its vision of ‘connecting the unconnected’ with the opening of an Off-grid Solar Centre in Kisumu County. According to the Kisumu County Government, only 46% of the County’s general population is connected to the grid. Azuri’s new Solar Centre will bring affordable, clean energy to the thousands across the county who lack access to electricity. More than 600 million people in sub-Saharan Africa continue to struggle without reliable power. Since launching in 2012, Azuri is now one of the leading providers of pay-as-you-go solar…
BY VICTOR ADAR A product-financing service provider, Aspira, has partnered with Fairdeal to enable Kenyans in Nairobi and Mombasa to buy furniture via the Aspira app and pay up in 12 monthly installments. The deal seeks to add value to existing and new customers through the flexible payment plan. With digital finance becoming an integral part of global commerce, allowing businesses the chance to sell beyond the physical or online store, it will be easy to embrace this financing model. According to Aspira managing director, Yoeal Haile, Kenyan consumers are quite quality-conscious, thus this fresh partnership will pay off…
BY DENNIS NDIRITU President Uhuru Kenyatta recently signed into law the Statistics (Amendment) Act, 2019 which, inter alia, provides the Cabinet with the power to cancel data collected by the Kenya National Bureau of Statistics (KNBS) that may include data from the recent census, and crucial data ranging from economic growth to monthly inflation numbers. Although this cancellation, revision and adjustment is subject to the approval of Cabinet and request from the Board and only applies to inaccurate data and the presence of the publication of the cancelled data in the Kenya Gazette within 14 days; one cannot help but…
National Electric power distributor Kenya Power has stepped up public awareness campaigns geared at raising awareness on billing process, as well as combating fraud and enhancing customer satisfaction. In an elaborate communication campaign, the Company is seeking to enhance awareness on the firm’s official payment platforms and customer service interaction channels. According to the Company’s acting managing director and CEO Eng. Jared Othieno, the twin campaigns, across various media platforms, will be used as an anti-fraud deterrent effort to mitigate losses by the firm and its customers. The campaigns dubbed: Power Sawa and Usichezwe na conmen will provide much-needed customer…
COMMERCIAL BANKS’ AVERAGE EXCHANGE RATES FOR MAJOR CURRENCIES/KES (CLOSING OF MARKET) ON 10/09/2019 CURRENCYMEANBUYSELLUS DOLLAR103.6650103.5650103.7650STG POUND128.1978128.0528128.3428EURO114.4456114.3222114.5689SA RAND7.05527.04487.0656KES / USHS35.402635.320235.4850KES / TSHS22.167622.098022.2372KES / RWF8.89108.87478.9073KES / BIF17.799517.735717.8632AE DIRHAM28.222428.192528.2523CAN $78.689178.601278.7770S FRANC104.7121104.5900104.8343JPY (100)96.688996.591196.7867SW KRONER10.669810.657910.6818NOR KRONER11.567811.554711.5809DAN KRONER15.343715.327715.3596IND RUPEE1.44001.43831.4417HONGKONG DOLLAR13.221613.208813.2343SINGAPORE DOLLAR75.111475.025475.1975SAUDI RIYAL27.638127.610727.6655CHINESE YUAN14.582914.566314.5996AUSTRALIAN $71.031370.952471.1102 SOURCE: COMMERCIAL BANKS
BY CYNTHIA WAIRIMU We often work around and use products that can very well stain our clothes, such as paint, coffee, wine, dye, and foods as well. Some can easily be cleaned off with soap and water, others, not so much. Before you start to clean, you will need to take some precautions. First, deal with it as soon as possible. The longer a stain sits on the fabric, the harder it will be to get rid of. It is wise to invest in enzymatic detergents which break down proteins and oxygenated non-chlorine bleach, these help a lot with bodily…
BY JEFFREY SMITH “In Rwanda, politics is a dangerous life-or-death game.” These stark words stand out among the many chilling passages and personal testimonies that dot Susan Thomson’s insightful, deeply researched book, Rwanda: From Genocide to Precarious Peace. Dr. Thomson, an associate professor of Peace and Conflict Studies at Colgate University, has written extensively on Rwandan affairs, and this latest contribution is a significant one. She has also paid the price, having been a frequent target of harassment, intimidation and ominous threats from Rwandan government figures and paid cheerleaders on social media (for what it’s worth, there is a portion of the book…
BY DRs SIKOLIA WANYONYI, OSE KAMENWA & MARY MATHENGE Breast milk is the best food for a newborn baby. No commercial-made baby formula, or any other food, or drink can match breast milk. The World Health Organization (WHO) recommends that babies should be breastfed exclusively for the first six months and thereafter continue breastfeeding supplementing with complementary feeds until the baby is two years and beyond for optimal growth and development. The theme for this year’s World Breastfeeding Week “Empower Parents, Enabling Breastfeeding” calls for empowerment of parents to achieve exclusive breastfeeding right from conception. However, the prevalence of exclusive…
The increased sophistication of online fraudsters is a growing risk to Kenyan businesses and the customers they serve – and businesses that fail to protect their consumers from fraud will ultimately disappear. That’s the warning from Billy Owino, CEO of TransUnion Kenya, who says that with more than9.5 million e-commerce users in Kenya, Kenyan businesses increasingly need to combine top-notch security with a great customer experience if they are to protect their customers and thrive in an increasingly digital world. TransUnion is a leading global risk and information solutions provider to businesses and consumers. The company provides consumer reports, risk…