Surge of the digital travel consumer

The rise of the digital era has become fundamental in the travel and tourism industry. Digitization is increasingly seen to empower travel consumers especially those seeking diversification and personalization for a remarkable experience. From the very initial stage of travel arrangements, the digital consumer seeks information key in deciding how, where, when to travel, what to expect and even more significantly, why to choose one destination, hotel, airline, or travel agency over another. Image by Rawpixel.com The latter is especially because price comparison as well as customer experience – often…

City residents dismiss petition to dissolve county government

A group of Nairobi residents have come out to oppose a petition to dissolve the Nairobi City County Government. The residents, under the Umbrella of Bunge La Mwananchi lead by their president; Henry Shitanda and Nairobi Chapter National Youth Chairman Edward Githaiga, have termed the petition by Patrick Githinji and Muthurwa residents association as mischievous and unwarranted. The group has submitted its own petition to President Uhuru Kenyatta, outlining to him some of the projects   Governor Mike Sonko has done since taking over office. The group is specifically citing improved…

Fanisi Capital to invest Ksh 400 M in Kitengela International School

Fanisi Capital has entered into an agreement to invest up to Sh400 million in Kitengela International School (KISC). Under the agreement, Fanisi Capital will initially invest Kshs 205 million in infrastructural development in the school. The investment is the first from the Fanisi Capital Fund II LLC, a growth focused private equity fund with a target to raise Ksh 5 billion. The firm plans to continue making investments in high growth consumer sectors including healthcare, education, consumer goods and agribusiness. The deal is subject to approval by the Competition Authority.…

NAKURU TOPS AS A FAVOURITE INVESTMENT DESTINATION IN KENYA

Nakuru County saw its land prices rise by an average of 12.7 per cent in 2017 according to County Land Price Report 2018. This has drawn the attention of many investors eyeing prime properties in the county that offers serene living with easy access to Nakuru town, thanks to the developed road network. Ranked as the fourth largest city in Kenya, the town is located 165km northwest of Nairobi. The strategic location along Nairobi-Malaba highway is making Nakuru town experience an increase in population resulting to the need of expansion of the…

Apple launches premium iPhone XS, health features for watch

By AGENCE FRANCE PRESSE, Cupertino, United States, Apple has unveiled three new iPhones on Wednesday in a bid to bolster its spot in the premium smartphone market, along with an upgraded smartwatch that takes electrocardiograms and detects falls. The California tech giant said it would begin selling its 5.8-inch iPhone XS and 6.5-inch iPhone XS Max later this month, keeping the starting price of the company’s top-end model at $999 but bumping the entry price for the version with the larger screen. Apple also announced a new iPhone XR starting at $749, available…

Digital pay TV provider hails China-Africa Cooperation

By Barbra Onkoba The Forum on China-Africa Cooperation (FOCAC) Summit that was attended by over 3,200 participants from China, Africa, and international organizations cemented the relationships. This was a demonstration that China-Africa practical cooperation is full of vitality as it set new grand goals for upgrading. StarTimes media has been in the forefront to champion the Chinese agenda in the country by playing an active role in African digital migration progress, the project of Access to Satellite TV for 10,000 African Villages and African HIV/AIDS Prevent Campaign. The FACAC summit…

Five banks penalized by CBK for misconduct

The Central Bank of Kenya has penalized five banks a total of Sh392 million for violating financial transaction rules in respect to the handling of the National Youth Service scandal that was exposed this year. The Banks include Standard Chartered Bank (StanChart), Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank (DTB). The five banks handled a total of Sh3.5 billion from NYS with StanChart handling the largest transaction worth Sh1.6 billion followed by Equity Bank at Sh886 million, while KCB processes Sh639 million. The regulator…

DTB bank reassures its stakeholders all is well

Nasim Devji Group Chief Executive Officer and Managing Director DTB Group has emphasized in a statement that at the moment, no penalty has been imposed by the Central Bank of Kenya. The bank is currently reviewing the report with a view to providing a detailed response to the issues raised by the Central Bank of Kenya within the stipulated period. We wish to reassure our stakeholders as a responsible corporate citizen and a regulated entity, DTB respects and complies with all laws and applicable regulatory guidelines. We also wish to…