Author: David Indeje

OPPO Kenya has launched the stylish and feature-packed OPPO Reno11F 5G smartphone. “Reno11F 5 G’s thin and light design is loaded with personality, and its stunning, immersive screen and smart experiences make it a joy to use. Streaming, taking photos, browsing and living life to the max, it’s a durable companion that lasts all day and charges quickly,” said Fredrique Achieng, PR Manager OPPO Kenya. Sleek Design and Immersive Display The Reno11F 5G boasts a slim and lightweight design (7.54mm thin, 177g) that’s comfortable to hold.  It comes in two eye-catching colours: Palm Green with a subtle sparkle and Ocean…

Hilton International Ltd. is inviting bids for a controlling 59.42% stake in International Hotels (Kenya) Ltd.  Hilton International Ltd. owns the iconic Hilton Hotel, a prominent landmark in Nairobi’s central business district. This development follows the hotel’s closure in December 2022 due to economic challenges. Hilton Hotel is owned 40.57 per cent by the government and 59.4 per cent by the Hilton Group of Hotels. 2. Hilton International is opening the doors for expressions of interest to acquire a 59.42% share in International Hotels (Kenya) Ltd. pic.twitter.com/8v43aLxvpc — Mwango Capital (@MwangoCapital) April 16, 2024 This move coincides with a broader…

In Kenya’s vibrant media sphere, digital disruption drives constant change. To navigate the dynamic media landscape, TUKO.co.ke hosted the TUKO Educate Masterclass at two esteemed institutions: USIU—United States International University and the Multimedia University of Kenya. Jacob Otieno, the Managing Editor, and Chris Oyier, the Social Media Manager at TUKO.co.ke, led the sessions. These were not just simple lectures but about real talk, sharing wisdom on navigating the media industry’s ever-shifting sands from personal experiences. Jacob Otieno, a seasoned voice in Kenyan media, vividly portrayed the digital revolution sweeping through the industry. His message was clear: “If you want to…

The Central Bank of Kenya (CBK) has released a draft of the Kenya Green Finance Taxonomy (KGFT) for public comment. This initiative aims to clarify and precisely define green investments in Kenya. What is the KGFT? The KGFT is a classification system that defines what qualifies as “green” economic activities, aligning with international best practices and Kenya’s national priorities.  Investors, issuers, and other financial sector participants can use it to track, monitor, and demonstrate the credentials of their green activities more confidently and efficiently. The Kenya Green Finance Taxonomy draft reads, “The KGFT is intended to benefit the Kenyan banking…

Equity Bank has announced a partnership with the Kenyan Ministry of Tourism and Wildlife to manage the distribution of Ksh 5.4 billion (USD 47 million) from the Wildlife Conservation Fund.  The National Treasury has established the Wildlife Conservation Fund, which targets over 300,000 victims of human-wildlife conflict for the 2023–24 financial year. Equity Bank says it has received an initial disbursement of Ksh 960 million (USD 8.4 million) to begin compensating victims. The remaining Kshs. 4.44 billion (USD 38.6 million) will be distributed throughout the year. Equity has partnered with the Ministry of Tourism & Wildlife to handle disbursements in…

Liberty Life Assurance in Kenya faces challenges generating returns on its guaranteed fund, a key product for retirement savings.  The company’s managing director, Nkoregamba Mwebesa, announced a 0% return for the 2023 fiscal year due to a combination of factors. Mwebesa cites the Kenyan equities market’s underperformance in 2023 and rising yields on government bonds, leading to losses. “We wish to advise that the Board of Liberty Life Assurance recently met and reviewed the company’s financial performance for 2023. Consequently, the final rate of return for the guaranteed pension fund portfolio is 0 per cent,” Mwebesa said. As a result, to address investor…