Safaricom has named its former CEO Michael Joseph as the new board chairman following the retirement of Nicholas Nganga. Joseph’s appointment will take effect on 1 August, taking over from Nicholas who led the board for the past 13 years. Michael Joseph is taking over the position with a mandate to improve customer sentiment, drive greater brand consideration and boost the company’s digital transformation agenda. READ MORE..

The Central Bank of Kenya Governor Dr Patrick Njoroge today held an online press briefing following the Monetary Policy Committee meeting on 29th July. The MPC retained the benchmark rate at 7 percent for the third straight month. READ MORE..

Kenya’s central bank has retained its benchmark rate at 7 per cent for the third consecutive month. CBK says that the package of policy measures implemented since March were having the intended effect on the economy, and will be augmented by the implementation of measures in the FY2020/21. READ MORE..