Business

NOCK’s Chief Executive Officer Leparan Gideon Ole Morintat told the committee that the firm is in a difficult financial state and explained the deal with Rubis was designed to help NOCK manage its debts and begin recovery efforts.

The smartwatch, originally codenamed “Milan”, has been in development for several years and is now set to make its debut during or around Meta’s annual Connect conference, scheduled for September 17 to 18.

The direct flight between Istanbul and Mombasa covers 3,221 miles, with a flight duration of approximately 7 hours and 15 minutes.

This marks the second year in a row where the government has spent a single-digit share of its budget on capital projects, an indication that long-term investments continue to take a back seat as short-term obligations consume more public funds.

CBK Governor Dr Kamau Thugge said the reforms will curb this form of abuse by tying approved requisitions to actual payments, thereby blocking discretionary changes by rogue officers.

Data by the Communications Authority of Kenya (CA) shows the spike contributed to a total of 8.6 billion cyberattacks recorded in the year to June 2025, more than double the 3.5 billion incidents logged during a similar period the previous year.

KRA Commissioner General Humphrey Wattanga said the system overhaul is part of the agency’s modernisation drive aimed at increasing efficiency in cargo handling and reducing delays.

The growth is largely attributed to the widespread adoption of mobile money platforms, which continue to reshape the country’s financial landscape.

Sam Altman emphasised that while millions are turning to AI tools for guidance, emotional support, or even informal therapy, the chats are not private and can potentially be adduced as evidence in court.

The Ministry of Agriculture confirmed that the new pricing was informed by recent trends in the sugar market, especially the average ex-factory sugar prices recorded between April and June this year.

Foreign exchange reserves were reported at $10,749 million (Sh1.39 trillion), equivalent to 4.7 months of import cover.

The features position Chrome OS as a more seamless experience for users juggling multiple devices and seeking more refined customisation options.

The GDI platform will enhance oversight of public funds by giving CBK the ability to proactively monitor county account balances and transactions on specific dates, rather than waiting for reports.

Moody’s however warns that heavy reliance on domestic financing will keep debt affordability weak on rising rates despite improved domestic market conditions.

Ideally, the data underscores a dramatic shift in the economics of power generation, with clean energy not only competing with but surpassing fossil fuels on cost.

OpenAI CEO Sam Altman had said that the new model will be faster, smarter, and more intuitive than any existing model in the world.

According to the audit, the corporation violated procurement laws by paying for services that had not been planned for and whose execution could not be confirmed.

This loophole has led to a sharp increase in county accounts at commercial banks. A recent report by Controller of Budget Margaret Nyakango revealed that by March 2025, counties had opened 1,763 new accounts over 12 months, pushing the total to 3,431.

The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial protection similar to what commercial bank depositors already enjoy under the Kenya Deposit Insurance Corporation.

On a year-on-year basis, prices increased by 7.8 per cent, compared to 4.9 per cent in the 12 months to March 2025.

In recent years, AI language technologies for public health have increased rapidly. This wave of technology development really took off as the COVID-19 pandemic renewed attention to public health.

The move is aimed at supporting Kenya’s fast-growing community of freelancers, remote workers, and digital entrepreneurs, many of whom depend on PayPal for international payments.

The vehicles will be offered through BasiGo’s Pay-As-You-Drive lease model, designed to ease the cost burden on matatu operators transitioning to electric transport.

By long-pressing a message, users can flag it and schedule a reminder notification to revisit it later, ensuring that important tasks, deadlines, or discussions aren’t forgotten.

The funds will go towards supporting academic institutions and nonprofit organisations working to develop localised AI curricula, online safety training programmes, and urgently needed cybersecurity education.

The loan, part of the World Bank’s Development Policy Operations (DPO) facility, was expected this month but now hangs in the balance over unmet reform conditions.

The Boda boda riders are now calling on legislators to end what they describe as a legislative assault on the working poor and instead initiate inclusive, sector-led dialogue.

Auditor General Nancy Gathungu said the corporation had not put in place effective measures to ensure full revenue collection on its commuter service trains and meter gauge services, exposing the system to manipulation and loss.

The development marks a significant milestone for Kenya’s miraa sector, which has been seeking to diversify its export markets and reduce reliance on traditional destinations.

President William Ruto hailed the listing as a turning point in the country’s strategy to mobilise domestic capital for transformative projects while reducing reliance on external borrowing.

It caters to families, support networks and group outings, streamlining the ride-hailing process and eliminating the need for multiple bookings.

Rarieda MP Otiende Amollo noted that recommendations to fix the system were made as early as 2017, but Treasury has failed to act.

Energy and Petroleum Regulatory Authority (EPRA) on Monday announced new fuel prices for the period running from July 15 to August 14, 2025, increasing pump prices by an average of Sh9 per litre.

In 2024, 32 per cent of Kenyan adults borrowed from mobile money providers, the highest share in the region.

Users can expect a more native feel that blends seamlessly with the Windows desktop environment, making messaging more intuitive and enjoyable.

In the financial year ending June 2025, the government spent Sh207.19 billion on pension and gratuities, representing a steep 39 per cent jump from the previous year’s Sh148.9 billion.

According to Wandayi, the new model will designate a single individual or legally registered entity within each estate or residential cluster to serve as the official contact with Kenya Power.

The update, announced on Monday July 21, 2025, marks a significant leap for productivity on Apple devices and brings Chrome’s mobile experience closer in line with its powerful desktop counterpart.

The numbers, confirmed by OpenAI spokesperson Rob Friedlander, highlights just how embedded ChatGPT has become in people’s daily routines from answering questions and writing emails to generating code, recipes, therapy-like advice, and even bedtime stories.

Motorists Association of Kenya (MAK) blamed the government for deliberately inflating fuel prices and misusing the road levy under what they termed as a false narrative of infrastructure development.

Although privately developed, the token is closely aligned with the government’s digital strategy and bottom-up economic transformation agenda.

IT expert and former Principal Secretary for ICT, James Rege, said Kenya, like many African democracies, is on the brink of a major digital revolution, and young people are ideally placed to lead the charge.

Eric Kimani, a business commentator and Executive Director of Palmhouse Dairies Limited, noted that the environment for young businesses is currently more challenging than it has been in the past years.

Originally introduced in 2023 in limited testing, the 'test and compare' tool has been in high demand among creators, many of whom have relied on guesswork and manual experimentation to optimise video performance.

Announced this week on Thursday, the update allows ChatGPT to plan, reason, and execute multi-step actions using a new suite of tools and short-term memory.

Today’s phones may be smarter, faster, and more capable than ever, but they come with a major trade-off: battery life.

Overall, Kenya led activity in East Africa, accounting for 63 per cent of all transactions, surpassing the combined totals of Tanzania (26 per cent) and Uganda (24 per cent).

According to Authority, the law applies not only to Kenyan-grown macadamia but also to produce originating from other countries.

The annual showcase has become a staple for unveiling Google’s flagship hardware, and this year’s event is shaping up to be one of its most anticipated yet.

The deregistration was carried out in accordance with Section 196(A) of the Insurance Act, which provides the legal framework for removing brokers from the industry’s official register.

Between January and June, cargo volumes reached 21.3 million tonnes, up from 19.7 million tonnes in the same period last year, according to data released by the Kenya Ports Authority (KPA).

Mercedes-Benz is working to incorporate Microsoft 365 Copilot into its infotainment system, one of the first implementations of AI-based productivity tools in a car.
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