CMA Admits Two New Firms in Regulatory Sandbox
The Capital Markets Authority has welcomed Belrium Kenya and Pyypl Group Limited in its regulatory Sandbox. The entry of the two companies brings the number of firms in the Sandbox [...]
Huawei Announces 2020 H1 Business Results
Huawei announced its business results for the first half of 2020 today. The company generated CNY454 billion in revenue during this period, a 13.1% increase year-on-year, with a net profit [...]
Huawei Unveils IdeaHub for Sub Saharan Africa
Huawei has launched an intelligent collaboration product called IdeaHub, to drive enterprise collaboration in the in Sub Saharan Africa region. The online product launch themed “Huawei IdeaHub-Intelligence at Your Fingertips” [...]Suspension of Learning Triggers Longhorn Publishers Profit Warning
Longhorn Publishers Plc has issued a profit warning following the disruption of learning due to COVID-19. The publisher expects its full-year earnings for the year ending June 2020 to be [...]EU Gives KSh 7.8 Bn to Kenya to Fight Impacts of COVID-19 Pandemic
The European Union (EU) has given an additional KSh 7.8 billion to Kenya to help avert hunger and strengthen COVID-19 countermeasures. The fund will help mobilize resources to fight the [...]Over 287,000 Jobs Lost in Q1 2020 KNBS
287,481 Kenyans lost their jobs between January and March 2020, a report by the Kenya National Bureau of Statistics shows. The report states that total employment fell from 18,103,022 in [...]Mastercard Foundation Appoints Zein M. Abdalla as Board Chair
Mastercard Foundation has appointed Zein M. Abdalla as the chair to its Board of Directors, following the completion of Jim Leech's term as Board Chair, a position he has held [...]Kenya Chamber of Commerce Signs MOU with Equity Bank to offer Ksh. 200 billion to SMEs
Nairobi Tuesday 13th October 2020, The Kenya National Chamber of Commerce and Industry (KNCCI) and Equity have signed an MOU that has seen Equity set aside Ksh 200 billion for [...]Huawei Kenya and Partners Hold Online Job Fair with 40 Positions Available
Huawei Kenya and their partners recently organized an online job fair as they seek to hire more than 40 professional ICT workers. Despite the difficult economic environment, Huawei continues to [...]UAP widens loss to Ksh 3.2 Billion on fair value write-downs
UAP Holdings Plc has recorded a loss before tax of KShs 3.229 Billion in 2019 compared to a loss before tax of KShs 480 million in the previous year. The [...]Mastercard Builds on COVID-19 Response with Commitment to Connect 1 Billion People to the Digital Economy by 2025 Kenya Included
Nairobi, Kenya, May 18, 2020–The health and economic consequences of COVID-19have highlighted the critical need to support vulnerable populations, many of whom are disproportionately impacted. In this time of global [...]Absa Bank Kenya Plc Media Statement
We have noted the Central Bank of Kenya’s press statement this morning in which it announced the suspension of Absa Bank Kenya PLC’s foreign exchange dealer license from 9 April [...]
