In its story, Five Economies That Could Actually Use Bitcoin  Vice.com highlights Kenya as one of the countries that could  mainstream bitcoin adoption. Kenya is a world leader in mobile money. The mobile payment network M-PESA, which is thought to be the most developed of its kind in the world,…

Future Developments  Nairobi County is planning to erect a 17-floor commercial and office space structure on the Sunken Car Park land adjacent to the Aga Khan Walk and Harambee Avenue. Kenya plans to build five national stadiums in Kisumu, Mombasa, Nakuru, Eldoret and Garissa to lift standards of sports and…

  Sh1 billion Sacco real estate Thika Project Kiambu-based Urithi Housing Cooperative Society has launched a Sh1 billion residential project, City Edge, in Kilimambogo on the outskirts of Thika town, targeting its 6,000 members. Under the scheme, members contributed Sh355,000 to acquire the 100-acre land and the sacco will help…

Mr Mwangi, who took over as CEO of the 60-year old securities exchange in November 2008, received a total pay-out of Sh13.5 million last year compared to Sh10.1 million earned in his first full-year at the helm. This is a 34% jump… The Nairobi Securities Exchange has recorded…

The NSE is looking to expand it’s revenue streams: by going into countries without actual functional economies, and on embargo lists across the world. Huh. NSE signed a memorandum of understanding with the Somalia Stock Exchange Investment Corporation (SSE) to co-operate in establishing a stock market in the war ravaged…

Interesting: The compliance wasn’t achieved through offloading their properties, but by a reclassification in asset classes, resulting in an almost 90% value-drop. Following a reclassification of its Nyayo Estate in Embakasi to a tenant purchase scheme, NSSF cut its combined land and property holdings to Sh29 billion, representing 22 per…

Stockbrokers’ Commissions on the Rise Data from the Nairobi Securities Exchange (NSE) shows that RenCap accounted for 16.7 per cent of the total Sh200 billion in combined sales and purchases, edging out SBG Securities and Kestrel Capital in a tight battle for market share. SBG controlled 15.9 per…

1. 8 Presidential Aspirants So Far Cleared by IEBC It is now official — Kenyans will have eight names from which to pick their fourth President on March 4.  This follows the clearance Wednesday by the national electoral body of more candidates, including Mr…

How does Kenya compare to Zimbabwe economically?

The Kenyan Court yesterday fined four Chinese “smugglers" KES 119,000 for getting caught with KES 2.1 million worth of ivory.

Despite Nairobi ranking as the second worst city to live in globally, a recent study produced on behalf of MasterCard identified Nairobi as the 6th city out of 19 cities in Sub-Saharan Africa with economic growth potential. Nairobi ranked two places above Johannesburg, four places above…

The Standard yesterday, January 29, 2013 posted that Kenya Railways Corporation (KRC) had quietly halved fares and scrapped all the daytime frequencies of the Syokimau commuter train service after its strategy targeting the middle class hit a snag. According to the post, fare for a one way ticket between Syokimau and the Central Business District (CBD) had dropped to KES 50 from KES 110 while fare for return ticket at peak times has dropped to KES 100 from KES 220. How does this look in terms of sensibility?

1. Lawyer Urges Court to Squash New Dress Code A lawyer has challenged the new Law Society of Kenya dress code in court. Mr Andrew Barney Khakula has told the High Court that the Law Society of Kenya Dress Code (Revised 2013) violates his constitutional rights. His application…