Agri-Data Platform, Gro Intelligence Shuts Down
Agri-data platform, Gro Intelligence, has reportedly shut down after months of capital shortage, leadership changes, and a controversial restructuring at the beginning of the year. The company received US$ 85 [...]
Kenya's Inflation Rises in May after Consistent Drop Since January
Kenya's inflation rose in May after a consistent downward trend since January, driven mainly by increases in transport, food, and housing. The price increase in May was mainly driven by [...]CIB Group Roots for Equity Financing in Fight against Climate Change
CIB Group Chairman Hisham Ezz Al-Arab is rooting for a new financing model to help the African continent move away from the effects of climate change. “Every time I talk [...]How Financial Institutions Can Help Mitigate Climate Risks
Top executives from banks and other financial institutions gathered at Capital Club East Africa in Nairobi this week to discuss the way forward for climate finance, at an exclusive event [...]Kenya Selected for Initial Phase of US$ 300Mn Digital Economy Program
Kenya, Tanzania, and Nigeria have been identified as the first three countries that will receive US$ 300 million to enable its small-scale farmers to get high-quality seeds and inputs courtesy [...]Kenya to Pump US$ 100Mn into AfDB, Afreximbank and Trade Development Bank
Kenya will invest US$ 100 million in the African Development Bank (AfDB), Afreximbank, and Trade Development Bank to enable it increase its shareholding in the institutions in the next three [...]World Bank Approves $1.2Bn Loan to Kenya
The World Bank has approved $1.2 bn, which includes $1.15bn in loans and credit and $50mn grant, to help Kenya address short-term fiscal pressures and strengthen climate action. On climate, the [...]Kenya’s Budget Cycle Falls Short on Transparency Survey
Kenya’s budget making process has failed the transparency test with an international watchdog pointing to insufficient information to the public on how the central government raises and spends public resources. [...]Food Crops' Stakeholders Oppose Gov't Levies on Exports and Imports
Two days after the Agriculture and Food Authority (AFA) imposed a raft of new levies on exports and imports of food crops, stakeholders in the sector have protested the move [...]Competition Authority Seeks More Powers to Deal with Abuse of Buyer Power
The Competition Authority of Kenya (CAK) is seeking a nod from the parliament to amend some of its laws in response to emerging issues in the market, including expanding its [...]Absa Bank Kenya Q1 Profit Rises to KSh 5.9 Billion
Absa Bank Kenya’s profit after tax for the first quarter of this year has grown 34 per cent to KSh 5.9 billion from KSh 4.5 billion during the same period [...]Safaricom’s Spark Accelerator Unveils 9 Startups in First Cohort
Leading telco Safaricom has unveiled the first cohort of nine startups in its restructured Spark Accelerator Program. The program, implemented by iHub, aims at growing and scaling commercially viable businesses. [...]
