U.S. agency checks domestic flight passengers' IDs in search for undocumented immigrant

NEW YORK, (Xinhua) -- U.S. federal agents asked domestic flight passengers landing at a New York airport to show their identification in search for an undocumented immigrant Wednesday night, the…

UN refugee agency opens new site in Uganda to host refugees from South Sudan 

UNITED NATIONS, (Xinhua) -- The UN refugee agency (UNHCR) has opened a new settlement area in northern Uganda to host thousands of refugees arriving from South Sudan, UN spokesman Stephane…

Kenya Airways Lauds Category One Clearance for Kenya by the FAA

February 24, 2017… Kenya Airways is pleased with the Federal Aviation Administration’s (FAA) decision to clear Kenya to operate direct flights to and from the United States of America.

Unilever Kenya and Naivas rewards a lucky customer with a house worth Kshs 3 Million in Machakos

Friday, 24th February 2017…Unilever Kenya Limited in conjunction with Naivas Supermarket have today handed over a two-bedroomed house to a lucky customer who won during their national campaign “NGARA NA…

No nation can achieve peace and social cohesion without educating its children- First Lady

MURANG’A, 24thFebruary 2017, (PSCU) First Lady Margaret Kenyatta today said no nation can hope to achieve peace, stability and social cohesion without educating all its children.

Former IMF president given jail term for misappropriation of funds

MADRID, (Xinhua) -- Former International Monetary Fund (IMF) president Rodrigo Rato was on Thursday found guilty of the misappropriation of funds and given a four-and-a-half year prison sentence.

Stanbic Holdings Plc, the listed entity that owns Stanbic Bank and SBG Securities, has recorded Kshs 4.4 billion in after-tax profits for the year ended 31 December 2016.

NAIROBI, Feb. 23 (Xinhua) -- Investors at Kenya's debt market this week suffered a blow as Central Bank of Kenya (CBK) rejected costly bids from a 12-year infrastructure bond, opting to borrow cheaply from Treasury bills instead.

February 22nd 2017 – Huawei Mobile Kenya has launched its advanced dual camera device Huawei GR5 2017 in the market, as it strives to enhance its business footprint in the local market this year. 


The bank voted best in Forex, Treasury and Cash Management in Kenya


Nairobi: February 22, 2017:  Stanbic Bank Kenya has been voted the Best Forex Provider and Best Bank in Treasury and Cash Management in Kenya by the Global Finance, a New York based financial magazine.


Commenting on the 2017 awards, Stanbic Bank’s Head of Corporate and Investment Banking Anton Marais said the accolades affirmed the bank’s solvency and robust position, in addition to the professionalism the bank enjoys, noting that liquidity and forex management were critical components of the bank’s operations.


“The awards confirm Stanbic Bank’s outstanding performance and its developments and innovations in the fields related to liquidity management and treasury in an optimal way and in line with the highest international standards,” said Mr. Marais.


“This Global Finance award is an evidence of international acknowledgment of Stanbic Bank’s excellence and leadership of the market, recognizing the Bank’s success in providing diversified solutions and innovative digital banking services for the efficient treasury, cash, and forex management, which meet customers’ needs,” he said.


He indicated that the bank adopts balanced and prudent strategy in liquidity  and forex management, adding that Stanbic Bank enjoys extensive experience in cash management and achieving competitive returns with lowest risk as per its commitments and as per the regulatory and legislative standards.


“This award further recognizes our commitment to deliver the best products to our clients with our local expertise, strength in Kenya and our network across Africa,” Marais said.


Global Finance is one of the largest specialized media institutions worldwide that helps placing corporate leaders and investors on the world’s trade and finance map, through providing transparent, objective institutional assessments and granting awards in recognition of outstanding performance. 


The organization grants these awards to banks that provide distinctive, diverse electronic banking channels, keeping pace with the continuous technological development globally, thus ensuring the provision of innovative services to meet customer needs, whether individuals or corporates.


“Additionally, it selects banks that contribute to the modern, different concept of banking experience in the market, and this is what Stanbic Bank Kenya is offering and committed to,” Mr. Marais added.


Nokia 3310, the world’s most reliable phone that has inspired thousands of memes, is set to make a comeback later this month.

Twenty one social entrepreneurs from across East Africa this week joined the prestigious Acumen East Africa Fellows Program in a partnership between KCB Bank, Safaricom and Acumen.


Zanzibar, Monday 20thFebruary 2017………Equity Bankhas officially commissioned its newest branch in the coastal city of Zanzibar as it seeks to deepen its forays in the entire East African region.


…This is the airline’s 52nd destination and second destination in the southern African country

February 17, 2017… Kenya Airways will start a direct flight between Nairobi and Victoria Falls, Zimbabwe on 18th May, 2017. This will be Kenya Airways 52nd destination and its second city in Zimbabwe after Harare where it operates 21 flights weekly.

NAIROBI, Feb. 16 (Xinhua) -- Higher returns on Kenya's 182-day Treasury bill have made it investors' favourite, with subscription this week peaking at over 300 percent.


KISII – 16th Feb, 2017…Safaricom (NSE: SCOM) has today launched high-speed internet dubbed ‘fibre for business’ in Kisii town, targeting Small and Medium-sized Enterprises (SMEs) in the region.

The rollout is part of ongoing countrywide fibre rollout plan by the operator meant to offer SME high internet connectivity which is central in making them ‘Ready Businesses’.

Speaking during the launch, Safaricom’s Head of Western/Nyanza region, George Ndhiwa said that SMEs are now embracing fibre network because of its benefits.

“Fibre for Business opens doors to a number of benefits to businesses, including full use of cloud solutions. Through fibre, we are offering SMEs tools to access fast, reliable internet that will effectively enhance their business operations.”

The high speed internet is delivered through fibre, which has unlimited bandwidth capabilities and offers the fastest high-speed data connectivity.

In addition to Fibre for Business, other Safaricom propositions targeted at SMEs include Easy50 and Ready Business.

The Easy50 data bundle for SMEs offers up to 50GB of data on Safaricom’s network and can be accessed by up to 10 devices, using a wireless router or smartphone as a hotspot for a flat monthly rate of Kshs 6,000.

The ‘Ready Business’ platform bundles together various technology and advisory services to empower entrepreneurs tackle challenges of a rapidly changing business landscape.

Kisii becomes the 10thtown where SMEs will be able to enjoy fast, reliable and affordable connectivity after Nairobi, Nakuru, Mombasa, Kisumu, Eldoret, Malindi, Machakos, Nanyuki and Kakamega.


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