Lake Economic Bloc Bank to Kick-Start Operations in October
The Lake Region Economic Bloc Investment Bank will begin operations in October according to the Kakamega County governor and the chairman of the bloc Wycliffe Oparanya. He also said the [...]
Kenyan motorists to pay more for fuel as Super Petrol prices go up
The Energy Regulatory Commission has announced new petroleum prices that will be enforced from 15th August to 14th December 2018. Super petrol increases by Ksh 1.53 while Diesel and Kerosene [...]ARM Cement Seeks License to Mine Limestone in Kilifi County
ARM Cement has applied for a license to mine limestone in Chonyi, Pangani, Chauringo, Maereni and Mazeras areas in Kilifi County according to a Gazette notice published on August 10, [...]Construction of Miritini-Mombasa Rail to Begin At the End of August 2018
The construction of the 22-kilometre standard gauge railway connecting the Miritini passenger terminus to Mombasa’s central business district train station is set to begin at the end of this month. [...]Jumia Introduces Back to School Campaign Offering Up to 60% Discount
Jumia has launched a back to school campaign for KCPE and KCSE students enabling them to buy school items such as mathematical sets, log books, and calculators at a discount [...]Non-English Speaking SGR Chinese Workers Could Have Their Work Permits Revoked
The Kenya National Commission on Human Rights (KNCHR) is advocating for the invalidation of work permits belonging to Chinese workers who cannot speak English. According to KNCHR chairperson Kagwira Mbogori, [...]Kenya's Bitsoko Secures $100,000 Grant from the Bill Melinda Gates
Kenyan-based blockchain startup Bitsoko has secured a grant of $100,000 from the Bill and Melinda Gates Foundation through the Grand Challenges Explorations (GCE) initiative. The grant will enable the startup to [...]SAP East Africa MD Gilbert Saggia Fired for Under-Performance
The managing director of SAP East Africa Dr Gilbert Saggia has stepped down effective immediately. A reliable source has told Kenyan Wall Street that Dr Saggia was shown the door [...]Imperial Bank's Receivership Period Extended by 70 Days
The Central Bank of Kenya (CBK) has received a 70-day extension period for Imperial Bank’s receivership. The extension period granted by the High Court will give CBK more time to [...]GDC to Begin Drilling Wells at the Baringo-Silali Geothermal Project
The Geothermal Development Company (GDC) in Kenya is set to begin drilling wells to look for steam power for the Baringo-Silali geothermal power project in Baringo County. GDC’s general manager [...]IMF visit to Kenya Enters Week Two Amid Govt's Move To Freeze New Projects
A mission of the International Monetary Fund (IMF) on Monday last week began a two-week visit to Kenya to conduct the third review of the country's economy. The mission is [...]
Seaboard to Pay Unga Group Shareholders Final Price of Sh40 Per Share
Global US-based Seaboard Corporation has said it will pay Unga Group shareholders who accepted its offer a cash offer price of Sh40 per share. This is an indication that the [...]
