Tuesday, February 28, 2023



Comesa insurance arm to cover underwriters for livestock farmers

A pastoralist herding his cattle

A pastoralist walks with his herd of cattle along Kenya's Mombasa-Mariakani highway on February 18, 2023. Comesa insurance firm Zep-Re hs been appointed to cover underwriters for livestock farmers in a World Bank project meant to lessen the blow of drought in the Horn of Africa. PHOTO | WACHIRA MWANGI | NMG


Regional insurer Zep-Re has been appointed to cover underwriters for livestock farmers in a project meant to lessen the blow of drought in the region.

Tanzania gets funds to maintain cleanliness along SGR line

Tanzania SGR

A carriage for the Tanzania SGR project. The Tanzanian government has received Tsh1.4 billion ($599,000) funding which will be used to maintain the environment along the construction line of the third and fourth phases of its SGR. PHOTO | ERICKY BONIPHACE | AFP


The Tanzanian government has received Tsh1.4 billion ($599,000) from the

IMF backs Ruto's plan to raise taxes, target cheats, expand base

President William Ruto with IMF Managing Director Kristalina Georgieva

Kenyan President William Ruto (right) with IMF Managing Director Kristalina Georgieva. The IMF has backed Ruto's fiscal consolidation plan to raise more revenue in Kenya. PHOTO | FILE | PCS


The International Monetary Fund (IMF) has backed Kenya’s President William Ruto on his revenue mobilisation plan; that includes raising taxes, targeting cheats and the

Tanzania to get $151m IMF loan to boost economic recovery

International Monetary Fund

IMF headquarters in Washington, DC. Tanzanian authorities have reached an agreement with the IMF for the disbursement of a $151 million loan. PHOTO | SAUL LOEB | AFP


Tanzanian authorities have reached an agreement with the International Monetary Fund (IMF) for the disbursement of a $151 million loan to help boost its recovery amidst headwinds from global shocks that have slowed growth.

Nigeria's ruling party candidate Tinubu declared president-elect

Nigeria’s ruling party candidate Bola Tinubu

Nigeria’s ruling party candidate Bola Tinubu who has been declared the president-elect following elections held on February 25, 2023. PHOTO | KOLA SULAIMON | AFP


The Independent National Electoral Commission (INEC) of Nigeria on Wednesday announced Bola Tinubu of the ruling All Progressives Congress party (APC) as the

Airtel Africa eyes listing on Nairobi bourse by next year


Airtel Kenya CEO Ashish Malhotra and Airtel Africa CEO Segun Ogunsanya pose for a photo during the Airtel Kenya eSIM launch at EKA Hotel in Nairobi on February 23, 2023. [Kelly Ayodi, Standard]

Kenyans could soon buy shares in Airtel as the country's second-largest telco eyes listing on the Nairobi Securities Exchange (NSE) in the next year.

Airtel Africa Group Chief Executive Segun Ogunsanya yesterday said the telco was exploring its options in meeting compliance with a government directive to

Cabinet wants Kenya's debt ceiling moved from Sh10 trillion to GDP percentage


President William Ruto during the National Solemn Assembly at the Nyayo National Stadium, Nairobi on February 14, 2023. [Kelly Ayodi, Standard]

The Kenya Kwanza administration is seeking to replace the Sh10 trillion debt ceiling with a debt anchor at 55 per cent of the Gross Domestic Product (GDP) if

Norfund E.A. Director, speaks on the $25M investment in Balagi Group


Connecting Africa's future leaders to digital education


ByEmeka Oparah

It is one year already since I took on the role of Vice President, Corporate Communications & CSR at Airtel Africa, an organization I have served for 21 years (20 of which were in Nigeria).

While this is neither an appraisal of my work (it will be gratuitous for me so to do) nor a celebration of

One-on-one with KCB Group CEO, Paul Russo

Do you know your company's success blinders?


By NICHOLAS KIBET More by this Author

Jim Collins, in his book How The Mighty Fall fronted that every institution is vulnerable, no matter how great, the achievement and power garnered.

Swiss join new European hunt for Kenya investments


Swiss State Secretary for Economic Affairs, Ms Helene Budliger Artieda. FILE PHOTO | COURTESY  

The battle for trade and investment openings in Kenya among European countries has

Two-thirds of listed firms reporting on sustainable practices


Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | DIANA NGILA | NMG

By EDNA MWENDA More by this Author

Two-thirds of listed companies are reporting on environmental, social and governance (ESG) scores, a process which lagged one year after firms were required to disclose enforcement.

US grants Kenya Sh16bn to fight drought after Jill visit


President William Ruto meets the United States of America First Lady Dr Jill Biden at the Jomo Kenyatta International airport after her two days visit to Kenya. FILE PHOTO | PCS  

By LINET OWOKO More by this Author

The American government has extended Sh16 billion ($126 million) to Kenya to fight the effects of drought and boost food security, days after the official visit of US First Lady Jill Biden.

Leveraging strategic partnerships to sustain connectivity in Africa


A Huawei Mate Xs 2 foldable smartphone at the Mobile World Congress, the telecom industry’s biggest annual gathering, in Barcelona. FILE PHOTO | AFP

By PETER NDEGWA More by this Author

As the Mobile World Congress 2023, the flagship mobile industry and technology event, goes on in Barcelona this week, I look forward to engaging and learning from

Maize shortage piles pressure on households as bag hits Sh6,000


Maize Flour on display at a shop in Mombasa in this photo taken on 15th November 2022. PHOTO | KEVIN ODIT | NMG

By GERALD ANDAE More by this Author

A 90-kilo bag of maize has shot up to Sh6,000 on the back of a shortage and stiff competition between millers and other agencies, piling pressure on households.

Ruto backs new debt cap pegged on share of GDP

President Ruto

President William Ruto. FILE PHOTO | POOL  

By KEPHA MUIRURI More by this Author

President William Ruto has moved to replace the Sh10 trillion public debt ceiling with

Diageo ready to buy EABL shares in open market


Beer production line at the EABL plant in Ruaraka, Nairobi. FILE PHOTO | JEFF ANGOTE | NMG

By CHARLES MWANIKI More by this Author

British multinational Diageo has left open the possibility of buying additional EABL shares from the open market at the Nairobi Securities Exchange (NSE) once its tender offer for an extra 14.97 percent stake in the brewer closes later this month.

Regulator rejects payment of electricity bills in dollars


Energy and Petroleum Regulatory Authority (Epra) Director General Daniel Kiptoo. FILE PHOTO | DIANA NGILA | NMG

By PATRICK ALUSHULA More by this Author

The energy regulator has opposed Kenya Power’s plans to bill some electricity consumers in dollars amid concerns the utility will be compensated twice for

Messi beats Mbappe to FIFA Best prize, Putellas claims women's award


(From L) Netherlands and Liverpool defender Virgil van Dijk, Argentina and Paris Saint-Germain forward Lionel Messi, France and Paris Saint-Germain forward Kylian Mbappe, Morocco and Paris Saint-Germain defender Achraf Hakimi, Brazil and Manchester United midfielder Casemiro and Portugal and bayern Munich defender Joao Cancelo pose on stage as they receive awards for the FIFA FIFPRO men's World11 during the Best FIFA Football Awards 2022 ceremony in Paris on February 27, 2023. PHOTO/AFP

Agence France-Presse is an international news agency headquartered in Paris, France


·         Argentina's World Cup win in Qatar was also recognised as Lionel Scaloni claimed the men's coach's honour and Emiliano Martinez was named the best male goalkeeper.

Lionel Messi won The Best FIFA men's player prize for 2022 on Monday on the back of his