Standard Chartered and Visa Link APIs for Seamless Transactions
Visa will directly process transactions and payments made by Standard Chartered customers eliminating inconvenient and costly intermediaries after the two financial entities agreed to partner. We are delighted [...]
Canadian Firm Launches Takeover Bid for East African Packaging
East African Packaging Industries (EAPI) minority shareholders have received a new takeover offer from majority shareholder Canadian Overseas Packaging Industries (COPIL), which is seeking to acquire total control of the [...]
Two Rivers SEZ Opens Opportunities for American Companies to Thrive in Kenya
It's a big week here in Nairobi with the American Chamber of Commerce (AmCham) Business Summit welcoming hundreds of US companies and investors to the ‘Green City in the Sun.’ [...]
Kenya’s Tourism Recovers, Expected to Hit Pre-COVID Levels in 2024
Kenya recorded 1.96 million tourist arrivals in 2023 compared to 1.48 million visitors in 2022, an increase of 31.5% according to figures contained in Kenya Tourism Research Institute’s 6th Annual [...]Kenya to Receive US$ 500 Million from UAE
Kenya’s National Treasury and Economic Planning Ministry and ADQ, the largest Sovereign Fund in the United Arab Emirates (UAE) have signed a deal that will see the Fund pump up [...]Interview: Opportunities and Expectations for 4th AmCham Business Summit
The upcoming 4th AmCham Business Summit, slated for April 24th and 25th in Nairobi aims to bolster trade and investment ties between the U.S. and East Africa. Additionally, the U.S. [...]
Kenya’s Economic Growth Rate to Slow to 5% in 2024-IMF Forecast
Kenya’s Gross Domestic Product (GDP) growth is projected to slow down to 5% in 2024 from 5.3% in 2023 before jumping to 5.3% in 2025. Apart from Kenya, Côte d’Ivoire [...]Iran-Israel Conflict's Escalation Increases Risk of War, Business Disruptions
Global oil and gold prices fluctuated after reports that Israel had launched a retaliatory strike on Iran on Thursday, as traders hedged their risks on the back and forth attacks [...]Trader’s View: 2024, Year of Gold (XAUUSD) and Nasdaq100?
2024 has kicked off all-time highs for Gold (XAUUSD), Nasdaq100, Bitcoin and other cryptocurrencies. The different asset classes have previously experienced significant selling pressure, especially from November 2021 to December [...]
Donald Trump Leads Joe Biden with over 63% among Kenyans in Recent TKWS Poll
It’s election year in the United States and the two front runners are looking toward rehashing their battle in 2020. A recent poll of over 1, 000 Kenyan professionals by [...]Samsung Tops Global Smart Phone Sales in Q1 2024
Samsung has overtaken Apple as the leading mobile devices provider, to occupy the top spot at the end of the first three months of this year-(Q1 2024). Samsung now enjoys [...]Tesla Cuts 10% of its Global Workforce
American auto manufacturer, Tesla, will retrench 15,000 workers in all its departments as a strategic scheme of remaining afloat and profitable in the competitive EV market. As part of this [...]
