The Business Break

21/03/2023

Wireless earbuds have become the go-to choice for music lovers who prefer a hands-free experience with music, allowing them the freedom to multitask.

However, some common issues such as poor fit (the headset constantly slips off and becomes uncomfortable after an extended period of use), low battery life, and poor connections have led to interruptions in audio playback and user frustration. Additionally, high-frequency noise in the environment can disrupt the listening experience, while non-user-friendly configurations add to the frustration.

https://thebusinessbreak.com/lg-tone-free-earbuds-the-ultimate-fix-for-common-wireless-headset-problems

LG Global

LG’s TONE-free wireless earbuds are designed to provide a superior audio experience for customers on the go. The device boasts sleek designs, superior comfort and high-quality sound for all music genres.

21/03/2023

Faulu Microfinance bank has today announced a series of new measures aimed at financing farmers to acquire farm inputs for both livestock and crop farming as part of its product rationalization exercise.

The move is further aimed at enhancing food security amidst the ongoing drought that has affected over half of the 47 counties by ensuring that Kenyans get access to quality and nutritious food that is fundamental to human existence.

https://thebusinessbreak.com/faulu-rolls-out-new-financing-options-for-farm-inputs-in-bid-to-enhance-food-security

Faulu Kenya

The move is further aimed at enhancing food security amidst the ongoing drought that has affected over half of the 47 counties.

19/01/2023

The weakening shilling has seen the country’s debt rise by Sh400 billion in the past year as it depreciates almost 10 per cent against the US Dollar.

Experts are warning that this is likely to hit Sh500 billion or 5.6 per cent of the country’s total public debt by the end of this quarter as the US plans the last Fed rate review in an effort to tame the rising cost of living.

On Wednesday, the shilling hit a new low against the greenback to trade at 124.05 units. The local currency was trading at 113.49 to the dollar same period last year.

The weakening shilling has seen the country's debt rise by Sh400 billion in the past year as it depreciates almost 10 per cent against the US Dollar.

19/12/2022

Brenda Masinde is the new Kenya Power and Lighting Company PLC Board of Directors Chairperson. She replaces Vivianne Yeda who has been at the helm since July 2020. Kenya Power & Lighting Company (KPLC)

Brenda Masinde is the new Kenya Power and Lighting Company PLC Board of Directors Chairperson.

12/12/2022

Atleast 15.4 million Kenyans have borrowed Kes 7.5 billion since its launch 13 days ago on November 30th,2022, President William Ruto has announced.

Revealing the Statistics during his speech made at the ICT-themed Jamhuri Day Celebrations, the President said that at the same time, atleast Kes 1.1 billion had been repaid and nearly Kes 400 million mobilized in savings.

Atleast 15.4 million Kenyans have borrowed Kes 7.5 billion since its launch 13 days ago on November 30th,2022, President William Ruto has announced.

08/09/2022

Absa Bank Kenya PLC Chief Executive Officer and Managing Director Jeremy Awori will be stepping down from his role on October 31, 2022, to pursue a new career opportunity outside Abs Group.

Awori has been with the bank for nearly 10 years.

Awori has been with the bank for nearly 10 years.

05/08/2022

Increased borrowing of billions of shillings by parastatals to cover salaries, wages, and other operating costs has alarmed the Central Bank of Kenya (CBK), which is concerned that this will make it harder for the parastatals to repay the loans.

Increased borrowing of billions of shillings by parastatals to cover salaries, wages, and other operating costs has alarmed the Central Bank of Kenya (CBK), which is concerned that this will make it harder for the parastatals to repay the loans. According to the CBK, the parastatals find themselves....

04/08/2022

Elections over the past have had great economic implications on Kenyans who are often forced to buy basic commodities at an increased price during the election period with this year’s election period being the worst of all.

Elections over the past have had great economic implications on Kenyans who are often forced to buy basic commodities at an increased price during the election period with this year’s election period being the worst of all. According to government, the prices of commodities have increased owing to...

04/08/2022

Top executives of the now-defunct Deloitte and Touché accounting firm were penalized by the Capital Markets Authority (CMA) for their suspected involvement in the 2015 sale of a Sh10 billion medium-term bond.

Top executives of the now-defunct Deloitte and Touché accounting firm were penalized by the Capital Markets Authority (CMA) for their suspected involvement in the 2015 sale of a Sh10 billion medium-term bond. The regulator fined former Chase Bank managing director Duncan Kabui Sh5 million and barre...

21/07/2022

Finding a job in Kenya has not been a walk in the park especially with the growing number of unemployed youths and an increase in the number of graduates who tend to increase the unemployment rates in Kenya today.

Finding a job in Kenya has not been a walk in the park especially with the growing number of unemployed youths and an increase in the number of graduates who tend to increase the unemployment rates in Kenya today. The current statistics often scare away job seekers from trying some jobs as such jobs...

21/07/2022

The International Monetary Fund has put up new conditions to Kenya that requires Kenya to drop the current fuel subsidy by October for the monetary fund to continue supporting Kenya through loans.

The International Monetary Fund has put up new conditions to Kenya that requires Kenya to drop the current fuel subsidy by October for the monetary fund to continue supporting Kenya through loans.  The new conditions by the International Monetary fund (IMF) will require Kenya to raise fuel prices a...

21/07/2022

Statistics show that LinkedIn has over 310 million users in the world with most people using the application to seek job opportunities

Statistics show that LinkedIn has over 310 million users in the world with most people using the application to seek job opportunities. Here are some 8 services provided by the application that you didn’t know existed. 1. LinkedIn Newsletter. This is a service by LinkedIn that allows users to acce...

20/07/2022

President Uhuru Kenyatta has today announced that the price of a 2kg Unga Floor will retail at a cost of KSH. 100 from a high of Sh. 205

President Uhuru Kenyatta has today announced that the price of a 2kg Unga Floor will retail at a cost of KSH. 100 from a high of Sh. 205. President Kenyatta spoke Today in Statehouse when he delivered a Fifth stimulus program to revive the economy. Further, the president has warned the political cla...

20/07/2022

The ruling ordering the taxman to open Keroche Breweries was issued by the same court last week. The Kenya Revenue Authority has requested that the High Court dismiss and set aside that order.

The ruling ordering the taxman to open Keroche Breweries was issued by the same court last week. The Kenya Revenue Authority has requested that the High Court dismiss and set aside that order. “It is the Authority’s view that the case filed in court by Keroche and the orders sought go contrary t...

19/07/2022

The International Monetary Fund (IMF) has approved a Sh. 28 Billion loan to Kenya.

The International Monetary Fund (IMF) has approved a Sh. 28 Billion loan to Kenya. The IMF has stated that despite significant delays in implementation, Kenya was complying with the program’s structural reform requirements in its statement following the third reviews of the agreement. “Kenya’s...

18/07/2022

It is a relief for Kenyans as the Government has announced that the price of a 2kg packet of Maize floor will be retailing at Ksh.100 effective today.

It is a relief for Kenyans as the Government has announced that the price of a 2kg packet of Maize floor will be retailing at Ksh.100 effective today. The Price of Maize floor has been retailing at Sh 230 in the last couple of months. To protect Kenyans from the effects of a spike in […]

18/07/2022

After a grace period for devolved government officials without official houses expired, the Salaries and Remuneration Commission (SRC) has withdrawn housing allowances of up to Sh200,000 per month from county governors, their deputies, and speakers.

After a grace period for devolved government officials without official houses expired, the Salaries and Remuneration Commission (SRC) has withdrawn housing allowances of up to Sh200,000 per month from county governors, their deputies, and speakers. To prevent taxpayers from paying twice for the cou...

15/07/2022

Safaricom has announced a price increase in its SIM cards and phones effective July 15, 2022.

The move has been necessitated by the new Finance act 2022 that has introduced a Ksh 50 excise tax on SIM and a 10 per cent excise tax on imported phones.

https://thebusinessbreak.com/why-you-will-now-pay-more-for-safaricom-sim-cards/

Customers will purchase the SIM cards at Ksh.50 with an additional purchase of Ksh. 50 airtime required to top-up and activate the line for the first time, for a total of Ksh.100.

15/07/2022

Kenya has signed a strategic Trade and investment partnership with the United States a few months after a Kenyatta visited the United States of America.

Kenya has signed a strategic Trade and investment partnership with the United States a few months after a Kenyatta visited the United States of America. President Uhuru Kenyatta and Mr. Trump had stated their intent to begin formal trade negotiations in February 2020, kicking off a series of events....

14/07/2022

The Kenyan Government has announced a subsidy on the fuel prices in the country adding that the it understands the challenge the increased fuel prices pose to the common mwananchi saying that it is working to ensure that Kenyans are cushioned from the high prices. “As a caring Government, we will ...

14/07/2022

Terence Howard is an American actor who has starred in the Empire TV series as Lucious Lyon.

Terence Howard is an American actor who has starred in the Empire TV series as Lucious Lyon. Terrence and his wife Mira Park Howard are currently visiting Uganda and are set to develop a new Hydrogen Technology in Uganda. In a video where Howard was supporting his position to invest in Uganda, he sa...

13/07/2022

Counties now will be forced to wait longer for the disbarment of their additional allocation of Sh.37 billion this is after National Assembly Speaker Justin Muturi Cancelled today’s special sitting by the house

Counties now will be forced to wait longer for the disbarment of their additional allocation of Sh.37 billion this is after National Assembly Speaker Justin Muturi Cancelled today’s special sitting by the house. In a statement by the National Assembly, Speaker Muturi has cancelled today’s sittin...

13/07/2022

President Uhuru Kenyatta has launched a locally assembled Euro 4 Mitsubishi L200 pick up at state house Nairobi.

President Uhuru Kenyatta has launched a locally assembled Euro 4 Mitsubishi L200 pick up at state house Nairobi. During the launch, president Kenyatta has said that his government will commit to create an enabling environment for the growth of the automotive industry in the country. “I take note o...

12/07/2022

In its upcoming zero-interest credit program, which will enable millions of its users to buy for items worth up to Sh100,000 and pay later, Safaricom would use debt collectors to seek delinquent debts.

In its upcoming zero-interest credit program, which will enable millions of its users to buy for items worth up to Sh100,000 and pay later, Safaricom would use debt collectors to seek delinquent debts. In a market where, mobile loans have a high default rate, Safaricom is now using debt collectors f...

12/07/2022

In an effort to increase treatment alternatives and control expenses, the National Health Insurance Fund (NHIF) will now permit members to directly access consultant doctors and private pharmacies.

In an effort to increase treatment alternatives and control expenses, the National Health Insurance Fund (NHIF) will now permit members to directly access consultant doctors and private pharmacies. Peter Kamunyo, the chief executive of the NHIF, said the board is presently finalizing the model’s r...

11/07/2022

Depending on monthly consumption, water bills might increase by 20% to 40% if Nairobi Water’s revised prices are approved by the Water Services Regulatory Board. In order to recover costs, repay loans, and modernize infrastructure, Nairobi Water wants higher pricing.

Depending on monthly consumption, water bills might increase by 20% to 40% if Nairobi Water’s revised prices are approved by the Water Services Regulatory Board. In order to recover costs, repay loans, and modernize infrastructure, Nairobi Water wants higher pricing. Nairobi Water has requested a ...

08/07/2022

Lamba owns 77.5 percent of Agilitee, which is currently valued at $15.5 billion, making him Africa’s second richest man after Aliko Dangote.

Lamba owns 77.5 percent of Agilitee, which is currently valued at $15.5 billion, making him Africa’s second richest man after Aliko Dangote. Meet Dr. Mandla Lamba, Africa’s $15.5 billion man and the founder of Africa’s first Electric Vehicle Manufacturer, AI and Green Tech Company Agilitee. Ag...

08/07/2022

Customers will be able to share power tokens in the same way that they share Bonga Points under systems being developed by Kenya Power and Lighting Company (KPLC). Customers will move with their tokens or transfer them to friends and family when relocating to new homes as a result of the new system.

Customers will be able to share power tokens in the same way that they share Bonga Points under systems being developed by Kenya Power and Lighting Company (KPLC). Customers will move with their tokens or transfer them to friends and family when relocating to new homes as a result of the new system....

08/07/2022

Safaricom has announced plans to Launch its operations in Ethiopia this coming August.

Safaricom has announced plans to Launch its operations in Ethiopia this coming August. In April 2023, the telco provider plans to roll out its network and services to 24 other cities after a phased launch that will begin in Dire Dawa, Ethiopia, in August 2022.  Safaricom’s Ethiopia network will b...

07/07/2022

Speaking during the Kenya power manufacturers, Technology and innovation expo 2022 that is currently being held at the Kenyatta international convention center (KICC) with the EXPO’s theme dubbed clean, Affordable and sustainable Energy for All , the CS has stressed on the great role of the energy sector in contributing to the country’s economy.

Speaking during the Kenya power manufacturers, Technology and innovation expo 2022 that is currently being held at the Kenyatta international convention center (KICC) with the EXPO’s theme dubbed clean, Affordable and sustainable Energy for All , the CS has stressed on the great role of the energy...