World Bank Approves $250 Million for New Agriculture Project in Kenya
The World Bank has approved $250 million International Development Association (IDA) credit for a new Agricultural Value Chain Development Project (NAVCDP) in Kenya. The project seeks to increase market participation [...]
Huawei Posts $17.8 Billion Net Profit for FY 2021
Huawei posted a net profit of $17.8 billion for the year ended 31st December 2021, a rise of 76% on-year. However, revenue declines by 29% to $100.3 billion as it [...]Mercy Corps Ventures Unveils Grant Fund to Back Crypto Startups driving financial inclusion
Mercy Corps Ventures (MCV), the impact investing arm of Mercy Corps, has announced its offering upto $1 million in grant funding to startups (up to $100,000 each) looking to pilot [...]Chinese Cryptocurrency Scam Bitstream Circle hits Kenyans
Bitstream Circle Cryptocurrency Scam is yet another Ponzi scheme that has caused Kenyans to lose an estimated $ 10 Million in investor funds. On March 13, 2022, the alleged theft [...]
Diaspora Remittances to Kenya falls 5.1% to US$ 321.5 Million in February 2022
Diaspora Remittances to Kenya in February 2022 totaled US$ 321.5 Million compared to US$ 260.3 million in February 2021, a 23.5 per cent increase. According to the latest CBK Weekly [...]Kenya Receives $ 750 Million from World Bank to Support its Post-pandemic Recovery
Kenya has received $750 Million Credit for its Economic Recovery from the World Bank. Kenya intends to deploy the funds on reforms in the field of governance and expansion of [...]Kakuzi Plc Gets Regulatory Approval to Export Avocados to China
Kakuzi Plc, a listed Kenyan Agricultural Company trading on both the Nairobi and London Stock Exchange, has secured approval from the Kenya Plant Health Inspectorate Service(KEPHIS), to process and prepare [...]AfricaTech Awards invites applicants for its first edition
AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful tech start-ups across the continent, has announced a call for applications for its first edition. [...]Tiktok releases All-in-One Platform for Music Creators
TikTok has released SoundOn, an all-in-one platform for music creators that allows artists to upload their music directly to the App and to distribute it to various music streaming services. [...]IMF Approves $1.4 Billion Emergency Funding for Ukraine
The International Monetary Fund (IMF) has approved $1.4 billion of emergency funding for Ukraine, to help meet urgent spending needs and mitigate the economic impact of Russia’s military invasion. The [...]Heineken to Offload 35% stake in Kenya Business to Distell
Heineken, a Dutch-based alcohol brewer will sell a 35 percent stake in its regional alcohol distribution business including Kenya to shareholders of Distell Group as part of its acquisition of [...]Boost for Tourism as Bali Eases Quarantine Measures
Bali has removed mandatory quarantine for vaccinated tourists from more than 20 countries and reintroduced visas as it reopens after two years of COVID-19 restrictions. This took effect on March [...]
