KVM, Basigo Roll Out High-Volume Electric Bus Assembly Plant, Target 1000 Units by 2027
The Kenya Vehicle Manufacturers (KVM) and Basigo have set a target to produce 1000 electric vehicles in the next three years to meet the growing demand in the transport sector. [...]
Jubilee Health Insurance Profit Up 29% to KSh 438 Million
Jubilee Health Insurance net earnings for the financial year 2023 increased 29 per cent to KSh 438 million up from KSh 339 million during a similar period last year. Speaking [...]Hilton, Government to Sell Stakes in International Hotels (K) in Privatisation Move
Hilton Hotels and the Kenyan government are selling their shares in International Hotels (K) kicking off privatisation of the iconic Hilton Hotel. In a notice, the Privatisation Authority said interested [...]Kenya Targets Ease of Doing Business with ‘Karibu Business Centers’
Kenya has launched four Karibu Business Centers across the country offering seamless interaction with government agencies on matters of investments, industry and trade, ensuring timely resolution of queries and concerns. [...]Kenyan Agro-Insurance Startup, Pula Raises US$ 20 Million in Series B Round
Pula, a Kenyan startup that offers insurance to small-scale farmers, aims to serve more than 100 million farmers in Africa after raising US$ 20 million in its Series B round. [...]CAK to Unplug 56 TV Stations
CAK (Communication Authority of Kenya) has issued a notice of its intention to revoke the broadcasting licences of 56 TV stations. The revocation will take effect seven days from the [...]
Electricity Prices Drop on Lower Fuel, Forex Costs
Electricity customers, who will now get up to a 13.7% reduction in the cost of power in April power bills, in what is attributed to a stronger Kenya Shilling and [...]EPRA Drops April-May Fuel Prices on Stronger Kenya Shilling
EPRA (Energy and Petroleum Regulatory Authority) has announced reductions in the pump prices of fuel, boosted by a stronger Kenya Shilling Exchange against the US $. EPRA figures show that [...]KenGen to Renovate Oldest Geothermal Power Plant
Kenya will renovate three units of the Olkaria I Geothermal power plant after ordering steam turbines and generators from Toshiba, which are expected to arrive by Dec 2025. Toshiba ESS [...]Foreign Guests Lift March-June Onward Hotel Bookings
The March-June onward hotel booking in the hospitality industry has recorded an improvement compared to similar period last year, due to increasing number of foreign guests. Average bookings for Mombasa, [...]IMF Retains Kristalina Georgieva As MD for Second Term
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term that commences on October 1st, 2024. “I am deeply grateful [...]CBK Accepts Bids Worth KSh 45.7 Bn at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 46.3 billion at the weekly treasury bills auction that also saw the short-term 91-day treasury bills interest rates fall below 15% for [...]
