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Business Barometer

1 month ago

Italian wine’s event returns to Nairobi

The second edition of the Gambero Rosso Top Italian Wine Roadshow in Nairobi concluded on Thursday, January 30, at the Shamba Village in Loresho. Organized by International Wine Consultants, VinPodium, and local business partner, Victoria Mulu-Munywoki, Wine Consultant, Judge and…

Asset firm secures CMA License for REIT Management in Kenya

Future Construkt Investment Managers Ltd, subsidiary of a Mauritius-based asset management firm, Future Construkt Africa LLC, has been granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya to mobilize institutional capital and…
3 months ago

CBK rolls out new notes

The Central Bank of Kenya has released newly designed currency notes, which include denominations of Sh50, Sh100, Sh200, Sh500, and Sh1,000, as part of an effort to update the country’s bank notes. In a statement issued on Wednesday, November 20,…
3 months ago

KCB Group reports a Sh48.5 billion net profit

KCB Group PLC has recorded Sh45.8 billion in profit after tax for the first nine months of the year on the back of sustained revenue growth. This was a 49 per cent growth from Sh30.7 billion posted a similar period…
3 months ago

KPC Kisumu depot to increase its volume space

Energy Cabinet Secretary (CS) Opiyo Wandayi has said preparations are underway to expand the Kisumu Kenya Pipeline Corporation (KPC) depot to handle higher volumes. This comes after the operationalisation of the Kisumu oil jetty which has increased the demand for…
3 months ago

Mwendwa ahead of FKF elections as 53 delegates back Petra

In a significant boost for Team Blue, the joint ticket of Doris Petra and Nick Mwendwa has gained momentum ahead of the much-anticipated Football Kenya Federation (FKF) elections, scheduled for December 7. During a retreat in Naivasha, 53 delegates pledged…
3 months ago

The future of smartphones transformed by AI

The future of the smartphone industry is set to be transformed by generative artificial intelligence technology, which will drive product upgrades and will represent a significant opportunity for smartphone manufacturers, industry experts said. Global market consultancy IDC forecasts that global…
4 months ago

Lecturers call off strike as government commits Sh9.7b

University lecturers, under the Universities Academic Staff Union (UASU), have formally agreed to return to work by Monday, after the signing of a return-to-work formula with the Inter-Public Universities Councils Consultative Forum (IPUCCF). This will see the 2021–2025 Collective Bargaining…
4 months ago

Apple updates Siri to compete with AI chatbots

Popular new chatbots, starting with OpenAI’s 2-year-old ChatGPT and the wave of AI assistants that followed, have become increasingly conversational. Now, Apple is looking to make its pre-teenaged voice assistant, Siri, a competitor in the space. According to Blomberg, the…
4 months ago
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