Richard Mureithi

The M-Pesa Foundation Academy is now accepting applications for their 2018 class

Richard MureithiApril 27, 2017

The M-Pesa Foundation Academy is now taking applications for its 2018 class. The institution is a state-of-the-art co-educational and residential 8-4-4 secondar...

UBA Plc pays out USD 89 Million in dividends to shareholders

Richard MureithiApril 8, 2017

UBA Plc (United Bank for Africa), the parent company of UBA Kenya (United Bank for Africa - Kenya), has paid out USD 88 Million to shareholders for the financia...

Distell is now the KWAL majority shareholder after acquiring stake from Centum

Richard MureithiApril 5, 2017

Distell, a producer of spirits and wines, has acquired a further 26.43% in Kenya Wines Agency Ltd (KWAL) from Centum. This brings Distell’s shareholding to 52.4...

Childline Kenya launches report on child abuse cases over the past 10 years

Richard MureithiApril 4, 2017

Child abuse can be defined as the physical maltreatment or sexual molestation of a child. In Kenya child abuse is sadly prevalent but largely unreported due to ...

Owaahh, Magunga & Potentash among nominees announced in the BAKE Awards 2017

Richard MureithiApril 3, 2017

The Bloggers Association of Kenya (BAKE) has today announced that the voting phase of this year’s blog awards has kicked off. This year over 10,000 blogs were s...

CBA’s 2016 net profit rises by 87% to Ksh. 6.7 Billion

Richard MureithiMarch 31, 2017

Commercial Bank of Africa (CBA) released their full year 2016 results yesterday in which the bank realized an 87% increase in profits from Ksh. 3.5 Billion in 2...

CBK announces search for investor to take up stake in Chase Bank

Richard MureithiMarch 30, 2017

In an unexpected turn of events, Central Bank of Kenya (CBK) announced that they are looking for an investor for Chase Bank and increasing the period the bank i...

Standard Chartered’s net profit rises by 40% to Ksh. 8.7 Billion

Richard MureithiMarch 30, 2017

Standard Chartered Bank yesterday released their financial results and in a break with the trend that we have seen so far they announced an increase in profits....

Family Bank profits dip by 83% as the MD blames it on social media

Richard MureithiMarch 29, 2017

Family Bank a became the latest bank to release its full year results and following a now established trend, they announced a decline in profits. Their profits ...

Valentine Nekesa receives Ksh. 5 Million after emerging the winner of Safaricom’s Blaze BYOB Tv show

Richard MureithiMarch 29, 2017

The BLAZE BYOB Tv show concluded this past Sunday and Valentine Nekesa a part time designer and model emerged the winner. Valentine walked away with a grand pri...

Barclays Bank lists Gold ETF at the NSE with 400,000 Gold bullion shares

Richard MureithiMarch 27, 2017

Barclays Bank has today listed the Gold Exchange Traded Fund (ETF). For those not in the know an ETF is a marketable security that tracks a commodity, bonds or ...

Safaricom announces a Ksh. 3.5 million sponsorship for the Barclays Kenya Open

Richard MureithiMarch 21, 2017

Safaricom which is the telecommunications sponsor for the Barclays Kenya Open has today announced a Ksh. 3.5 Million sponsorship. The 49th edition of the tourna...

Football legend Jay Jay Okocha to grace the Barclays Kenya Open golf tournament

Richard MureithiMarch 17, 2017

Barclays Bank will next week host Jay Jay Okocha for the 49th edition of the Barclays Kenya Open Golf Tournament. If you are a football fan, then the name Jay J...

Telkom Kenya to roll out incubation hubs in the 290 constituencies

Richard MureithiMarch 16, 2017

Telkom Kenya has announced that it will be rolling out free Wi-Fi in the 290 constituencies countrywide through the government funded Constituency Incubation Hu...

Equity Bank’s 2016 net profit drops by 5.9% to Ksh. 15.2 Billion

Richard MureithiMarch 15, 2017

Equity Bank Group has today released their full year 2016 results today and just like their peers the net profit has declined by 5.9% to Ksh. 15.2 Billion from ...

General Motors & Co-op bank to offer 95% asset finance to SMEs for Isuzu vehicles

Richard MureithiMarch 15, 2017

General Motors East Africa (GMEA) yesterday announced a partnership with Co-operative Bank that will see the bank offer 95% financing for Isuzu vehicles to SME’...

Sidian bank taps IBM to implement its digitization process

Richard MureithiMarch 13, 2017

With the turmoil that has hit the banking sector, many players have been forced to turn to technology in order to cut costs. Sidian bank formerly K-Rep which wa...

Zuku Fiber unveils package with the highest internet speed in Kenya

Richard MureithiMarch 13, 2017

Zuku last week announced the launch of a product with the highest internet speeds in Kenya at a whopping 250 Mbps. The product aptly named Home Advanced package...

NIC Bank’s 2016 net profit dips to Ksh. 4.1 Billion

Richard MureithiMarch 10, 2017

NIC Bank Kenya became the third bank to release its 2016 full year results after Barclays and KCB. In keeping with the trend in the banking industry after the ...

Gotv and Dstv subscribers to be rewarded with new channels

Richard MureithiMarch 8, 2017

With new entrants into the pay tv market like Netflix, there has been stiff competition which has seen Multichoice lose some of their market share. In a bid to ...

M-PESA has given customers value of Ksh. 160 billion in 10 years of existence

Richard MureithiMarch 7, 2017

M-pesa yesterday marked 10 years since it was launched on 6th March 2007. To some of us it feels like it has been around forever. A true earnings report done by...

General Motors exits the Kenyan market with the sale of its GMEA shares to Isuzu

Richard MureithiMarch 1, 2017

After more than four decades, General Motors (GM) has announced its exit from the region. This follows the sale of GM’s shares in General Motors East Africa (GM...

Lenovo launches the Moto Z smartphone in the Kenyan market

Richard MureithiMarch 1, 2017

Lenovo through its subsidiary Motorola Mobility yesterday announced the launch of their Moto Z smartphone. The phone comes with a military aircraft grade alumin...

Fero Iris, a Ksh. 8,999 smartphone, launched in Kenya

Richard MureithiFebruary 28, 2017

Fero has today launched their latest offering in the Kenyan market the Fero Iris. This is after they launched their Royale series of phones last year. Fero Iris...

Barclays banks on diversification & corporate banking to deliver great results in 2017

Richard MureithiFebruary 27, 2017

Barclays Bank of Kenya announced their results last week in which they reported a growth in their revenues but a dip in their net profit. This was on the back o...

Barclays Bank announces a 10.8 billion profit before tax for the financial year 2016

Richard MureithiFebruary 23, 2017

Barclays Bank of Kenya yesterday announced their results in which they reported a profit before tax of Ksh. 10.8 bn. This was on the back of an impressive 16% g...

Arun Ghosh; the love of music inspires me

Richard MureithiFebruary 23, 2017

Who is Arun Ghosh? Arun Ghosh is a jazz musician who plays the clarinet. I grew up in England but my family is from India originally. I started playing the rec...

Safaricom’s Technology Academy is inviting applications for technology internships

Richard MureithiFebruary 21, 2017

Safaricom has announced that it will be taking 63 university students under its 2017 technology internship program. The internship program known as Safaricom Te...

Merck launches an initiative to improve fertility and empower women in Kenya

Richard MureithiFebruary 21, 2017

In the traditional African setting the most important role for women was childbearing so as to ensure the continuity of the community. Those women who were unab...

The annual Eastern Africa Music Summit ONGEA! Is back and kicks off from tomorrow

Richard MureithiFebruary 16, 2017

The 2nd edition of ONGEA! Is going down as from tomorrow 16th to Sunday 19th from 12.00 pm to 10.00 pm daily at the Sarit Centre Expo Hall. ONGEA! Started out a...

M-Pesa now has a transaction charge notification feature in compliance with CAK order

Richard MureithiFebruary 16, 2017

Some time back there was furor on Social Media when people came to learn that the Lipa na M-pesa service had hidden charges. The bone of contention was that Saf...

Madison insurance launches Uniplan a policy for university education

Richard MureithiFebruary 14, 2017

Madison Insurance has today launched a education plan for university and college students named Uniplan. This plan was launched after Madison commissioned a sur...

Safaricom venture fund invests in FarmDrive an agricultural analytics startup

Richard MureithiFebruary 13, 2017

The Safaricom Spark Venture Fund has today announced that it will be investing in a startup called FarmDrive. FarmDrive is a data analytics startup that is able...

Inside KCB’s plan to train & support young people to start their own businesses

Richard MureithiFebruary 10, 2017

Youth unemployment among the youth in Kenya is estimated at 17.3% according to a World Bank report released last year. This is high compared to our neighbours U...

KAM launches Business Growth Program with the aim of helping SME’s to scale up their businesses

Richard MureithiFebruary 6, 2017

Small and Medium Scale Enterprises (SME’s)are the backbone of the Kenyan economy and play a big role in job creation. However, out of an estimated 7.4 million S...

Ford Motors announced as the sponsors of the Lifestyle category in BAKE awards 2017

Richard MureithiFebruary 3, 2017

In a interesting turn of events, Ford has been announced as the sponsor of the Lifestyle category in this year’s BAKE awards. This follows a renewed interest by...

Uber launches a new app to make your commute smoother

Richard MureithiJanuary 27, 2017

When Uber came into the Kenyan market, there was cause for celebration from Nairobians who were tired of being fleeced by cab drivers. Back then what used to ha...

4 tips to keep your car’s engine cool during this hot season

Richard MureithiJanuary 26, 2017

This being the hot season, it is inevitable that your car’s engine will run at higher temperatures than it normally does. If one is not careful this could lead ...

Gebeya an online IT market place to officially launch in Kenya on 3rd February

Richard MureithiJanuary 25, 2017

After making an entry into the Kenyan market last year, Gebeya a platform which serves as an online marketplace for top IT professionals will finally be launchi...

The Nairobi Restaurant Week is back and runs from 26th January to 5th February

Richard MureithiJanuary 24, 2017

It is that time of the year when Nairobi’s most exciting culinary event that is the Nairobi Restaurant Week (NRW) makes a comeback. The event which started back...

Vivian Cheruiyot emerges as overall winner at the 2016 Safaricom SOYA Awards

Richard MureithiJanuary 20, 2017

In a star studded gala that went down last night at KICC, Vivian Cheruiyot the Double Rio Olympic medalist emerged the overall winner of the 2016 Safaricom Spor...

P&G to invest Ksh.50 million to provide clean water in a partnership with World Vision

Richard MureithiJanuary 18, 2017

Proctor & Gamble (P&G) yesterday announced a partnership with World Vision. This partnership will see P&G invest Ksh.50 million in an initiative to ...