The National Hospital Insurance Fund (NHIF)’s medical claim payouts have reduced by 4.51 billion Kenyan Shillings. The drop which is the first in 15 years came about as a result of patients avoiding going to hospitals for fear of contracting Coronavirus. According to data by the National Hospital Insurance Fund (NHIF) 52.04 billion Kenyan Shillings was paid out for medical claims in the year which ended on the 30th of June 2021. This is significantly lower than the 56.55 billion Kenyan Shillings that was spent during a similar period in 2020, and is as a result of a reduction in…
Author: Tobey
According to reports the Betting Control and Licensing Board (BCLB) has suspended not less than 70 M-Pesa Paybill numbers involved in unauthorized and unlicensed gaming activities carried out via broadcast channels. The Betting Control and Licensing Board (BCLB) presented the list during a meeting with the Information and Communications Technology (ICT) committee of the National Assembly. The committee had instructed that the Betting Control and Licensing Board (BCLB) should provide proof showing that the unlicensed gaming or gambling activities which are being aired on TV stations and Radio stations and were using Paybill numbers provided by telecommunications companies, had been…
For all individuals in Kenya who have lost their own old M-Pesa lines or those of their relatives or have been unable to withdraw the funds from said old M-Pesa lines, will now have to do so through the Unclaimed Financial Assets Authority (UFAA). This occurrence, is coming as a result of an announcement by Safaricom. The telecommunications giant via the announcement made it known that it will be handing over 200 million Kenyan Shillings to the Unclaimed Financial Assets Authority (UFAA). According to The Nation the money, will be transferred as part of the telecommunications company’s current reconciliation of…
Motorists will now pay a fee of between 75 Kenyan Shillings and 100 Kenyan Shillings every hour they park their vehicles in the Nairobi City Centre. That is if a new policy being proposed by the City Hall gets implemented. Any parking on spaces that are off the streets will cost motorists 100 Kenyan Shillings for every hour their vehicles are parked. This is part of the moves by the County government to adequately utilize the intense competition going on for the available parking spots, while also ensuring that the traffic is reduced. Off street spaces are usually preferred by…
More than 900 traders in Gikomba are suing the Nairobi County government. The traders are demanding 20 Billion Kenyan Shillings as compensation over the frequent fires at the Gikomba market. In the case which was brought before the High Court the traders in Gikomba are requesting that the Nairobi County government pay them for the financial losses incurred directly and provide compensation for the loss of business opportunities, along with the costs of reestablishment. The Gikomba traders listed out not less than 15 seperate fire incidences that have occurred since 2015 stating that the frequent fires are indicative of the…
In the six (6) months to June 2021 the Food Import Bill for the East African nation of Kenya reached a record high which, led to more pressure being placed on household budgets that were already severely affected by the still ongoing Coronavirus pandemic. This is according to official data. The import data which was tracked by the Kenya Revenue Authority (KRA) revealed that traders in Kenya ordered beverages and food (which includes the breeding of animals as well as the slaughtering) that were valued at 103.34 billion Kenyan Shillings between the period of January 2021 to June 2021. According…
I have always wondered why nobody had come up with a modern online solution to the education needs of the millions of students undergoing higher learning on the African continent. I mean in terms of tutorials and assignment aids tailored to the institutions of higher learning operating on the continent. I almost gave up my search until I discovered Akadamics. According to the About Us section of their website, “Akadamics.com is Africa’s Number One platform for the buying and selling of educational material online. Learning made easy is what we do at Akadamics.com as we make it possible for our…
The Chief Executive Officer (CEO) of Tesla; Elon Musk, has launched a humanoid robot christened the Tesla Bot. It will be running on the same Artificial Intelligence (AI) which is used by Tesla’s very own fleet of autonomous vehicles. Although a functioning version of the robot was not presented during the Big Reveal by Elon Musk, a performer who was dressed as a Tesla Bot, performed an ‘interesting’ dance. The announcement by Elon Musk which was unexpected, was made at the end of Tesla’s Artificial Intelligence (AI) Day presentation. Apart from a couple of PowerPoint slides, the Chief Executive Officer…
Independent online publisher and email subscription platform; Substack on Monday the 23rd of August 2021 announced that it has now added Bitcoin Lightning payments. The addition is in collaboration with OpenNode which is a payment processor that offers API solutions which are Bitcoin and Lightning optimized for businesses. With the collaboration, OpenNode will be powering the off chain and on chain Bitcoin and Lightning payments on the Substack platform. This means that Substack which has more than half a million subscribers will now be giving its writers and journalists the ability to earn in Bitcoin as independent writers. Nick Inzucchi…
According to recent official statistics the revenue which was generated by the Standard Gauge Railway (SGR) in Kenya from its passenger service and cargo service, increased by 33 percent in the six (6) months up until June 2021 (January 2021 to June 2021). The growth is as a result of the country’s economy experiencing a major recovery. According to data by the Kenya National Bureau of Statistics (KNBS) the Standard Gauge Railway (SGR)’s cargo trains and passenger trains generated 7.936 billion Kenyan Shillings during the January 2021 to June 2021 period under review. This is significantly higher than the 5.963…
Over 1.3 million individuals living in Kenya are no longer partaking in carrying out contributions every month, that are put towards the Savings and Credit Co-Operative Societies (SACCOs), as a result of the widespread loss of jobs that took place after the still ongoing Coronavirus pandemic hit the country. According to SACCO Societies Regulatory Authority (SASRA) the number of people who saved but have now discontinued their contributions towards saving, increased from 79.5 percent which is 764,472 in 2019, to 1.372 million by 2020. Members of Savings and Credit Co-Operative Societies (SACCOs) who are not active savers anymore, make up…
Renowned institution of learning; Kenyatta University (KU) has reportedly sunk into a deficit of 1.3 billion Kenyan Shillings in the year which ended in June of 2021. This has now led to the institution relying on short term loans in order to cater to the financial costs of its operations. The Auditor-General; Nancy Gathungu stated that in the year up until June of 2019 the deficit for the University of Kenyatta was 677 million Kenyan Shillings. The Auditor-General added that the University is currently continuing with its operations despite the financial strains it is facing, and is now relying on…
Employees of the Kenya Revenue Authority (KRA) will be gifted an equivalent of one month of their salary for exceeding the targets which were set for the 2020/21 financial year. The development will definitely be good news to the more than 14,000 employees at the Kenya Revenue Authority (KRA) who will be benefiting. The Commissioner General of the Kenya Revenue Authority (KRA); Githii Mburu informed all staff via an internal memo that the bonus payment which will be equivalent to a salary pay of one month, has been approved by the board of the Kenya Revenue Authority (KRA). The Commissioner…
Subsidiary of Equity Group Holdings; Equitel has launched its very own Fourth Generation (4G) network service. The move means that it will now be able to offer even more enhanced internet banking services to its customers. Finserve Africa Limited which conducts business as Equitel and is a Mobile Virtual Network Operator (MVNO) in Kenya made it known that its newly launched 4G broadband network service will provide significantly faster Internet browsing speeds for uploads, downloading and streaming for its users. Finserve Africa Managing Director and Equity Group IT and Operations Director; Lanre Bamisebi stated on Thursday the 12th of August…
