Author: Majira Media

BusinessCareer

KETRACO unveils Ksh. 12B National System Control Centre

 The Kenya Electricity Transmission Company Limited (KETRACO) today hosted Thani Mohamed Soilihi, the French Minister Delegate for Francophonie and International Partnerships, for a site visit to the National System Control Centre (NSCC) project site in Embakasi, Nairobi. The NSCC project, with a total budget of €82.7 million (Ksh. 12 Billion), is primarily financed through a
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Government buys 5,000 metric tonnes of rice from Mwea farmers; promises to limit exports

 The Kenyan Government has stepped in to resolve concerns raised by Mwea Irrigation Scheme farmers regarding the impact of rice importation on local sales. Efforts to resolve the issue were led by the Ministry of Agriculture and Livestock Development. The Government, through the Kenya National Trading Corporation (KNTC), will purchase over 5,000 metric tonnes of
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Equity Group’s Q1 2025 net profit slightly drops to Ksh. 15.4 billion

 Equity Group has today announced that it has registered a Ksh. 15.4 billion profit after tax for the quarter ending March 31 2025. This is a slight reduction from the Ksh. 16 billion the banking group reported in a previous period in 2024. Net interest income increased by 3% to Ksh. 28.6 billion from Ksh.
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Sweden invests Ksh. 349 million in sustainable and inclusive trade in Kenya

 Sweden has signed a $2.7 million (Ksh. 349 million) agreement with TradeMark Africa to boost sustainable and inclusive trade in Kenya. The 2 year Kenya Enhanced Trade Environment and Inclusion (KETEI) programme will support Kenya in meeting its national ambition within the various signed trade agreement frameworks such as the African Continental Free Trade Area
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Express Myself with My BIC Pen program has been extended to Western Kenya

 BIC has concluded the fifth edition of its penmanship program, Express Myself with My BIC Pen. The program aims to encourage students to express themselves using writing and drawing. Express Myself with My BIC Pen has expanded to Western Kenya this year, including Nakuru, Kisumu, and Eldoret. This year, Express Myself with My BIC Pen
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12 new Google AI features from I/O 2025

 Google’s flagship event Google I/O conference is where the tech giant reveals the future they’re building, pulling back the curtain on their newest products, technologies, and, this year, their breakthroughs in AI. This year’s event highlighted the ongoing advancements in Google’s AI capabilities, with its most advanced models, Gemini, being extensively integrated across its product
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Crown Paints launches reward program for its top distributors; unveils new eco-friendly paints

 Crown Paints has launched reward program for its top-performing distributors, featuring a luxury trip to Morocco as part of a broader strategic initiative to drive sales. The five-day, four-night all-expenses-paid trip will take selected partners to the city of Casablanca. Named TAJI, the program represents a celebration of excellence, premium quality, and long-lasting partnerships, offering
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Safaricom to invest over $500 Million in AI infrastructure across East Africa

 Safaricom has announced it will spend more than $500 Million in AI infrastructure across EA, over the next three years. This is in order to enhance connectivity and build a robust and scalable AI ecosystem. Speaking at the Connected Africa Summit, Safaricom’s Chief Enterprise Business Officer, Cynthia Kropac, noted that the investment will “trascend traditional
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I&M Group Q1 2025 net profit rises slightly to Ksh. 4.2 billion

 I&M Group PLC has announced that it has registered a profit after tax Ksh. 4.2 billion for the period ending March 31, 2025. This is a slight increase from the 3.6 billion profit after tax the company reported in the previous quarter in 2025. Total operating income increased to Ksh. 12.9 billion from 11.5 billion
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