Value of Cut Flower Exports Fell by 21.2% to KShs. 5.2bn in June- KNBS
The volume of exported cut flowers dropped from 8.6 thousand metric tonnes in May 2024 to 6.7 thousand metric tonnes in June 2024, with their value decreasing from KSh 6.6 [...]
Safaricom Investment Co-operative Rebrands to SIC Investment
Safaricom Investment Cooperative has rebranded to SIC Investment Cooperative as part of its 2023-2027 strategic plan. “We understand that client choices constantly keep changing and evolving, driven by shifts around [...]Tatu City's Telco Crosses 1,000 Customers, 85kms Fibre Network Milestone
Tatu City's telecoms company, Tatu Telecom, has crossed the 1,000 customers mark after laying 85kms of fibre optic cable within the development, parent company Rendeavor said in a statement on [...]
Chinese Electric Vehicle Maker BYD Launches 3 Models in the Kenyan Market
Electric vehicle (EV) manufacturer, BYD, has entered the Kenyan market after partnering with a local leasing firm launching the BYD Atto 3, BYD Seal, and BYD Dolphin models in [...]Gov't, Agencies, Fail to Remit Payslip Deductions to SACCOS
Government and its related agencies continue to be the greatest defaulters in remitting funds owed to regulated SACCOs, offering the excuse of inadequate fundings or budgetary allocations despite the defaults [...]Parliament Halts Adani JKIA Deal, Outlines Key Areas for Special Audit
The National Assembly investments committee has ordered the Kenya Airports Authority (KAA) to suspend all further engagements with Adani Group until it conducts a forensic audit. “This Committee cannot avoid [...]Bamburi Cement's Share Price Dips 29% After Book Closure
Bamburi Cement's (Ticker: BAMB) share price has dipped 28.6% in just two days at the Nairobi Securities Exchange (Ticker: NSE), shedding KSh22.3. Book closure date is the day by which [...]Panic Grips Kenyans in Lebanon as Middle East Conflict Escalates
More than 26,000 Kenyans living and working in Lebanon are likely to remain stranded in the country if a full-scale war with Israel erupts, especially after recent escalations. Israel is [...]Bidding for KShs 7.6bn Outering Road BRT Project Restricted to South Korean Firms
Bidding for the Sh7.6 billion ($59 million) Nairobi's Outering Bus Rapid Transit Line (BRT) project is now and is restricted to firms from the Republic of Korea, according to the [...]MPs Snuff Out Bill Seeking to Regulate Ndengu Farming
During its Tuesday session, the National Assembly rejected Mung Bean Bill (2022) during the second reading after a majority of MPs voted to subject it to fresh amendments. The National [...]Zeno, Founded by ex-Tesla Employee, Raises US$9.5mn for East Africa's e-mobility sector
The growing e-mobility sector in the region may gain a new entrant early next year after Zeno, a startup created by ex-Tesla employee Michael Spencer, received seed funding worth US$9.5 [...]75, 000 Daily Registrations for Social Health Fund as Govt Defends Safaricom Deal
More than 1.5 million people have so far migrated to the Social Health Fund ahead of the October 1st deadline, with about 75, 000 people registering every day, the Ministry [...]
