Roam Opens its First Electric Motorbike Shop in Nairobi
Roam, an electric mobility startup, has partnered with Ridewell to establish its first showroom in Nairobi, as part of its strategy to boost the sales of electric motorbikes. Nairobi is [...]
Kenyan Commerce Startup Tappi Enters the Ivory Coast MSME Scene
Digital commerce startup, Tappi, has partnered with MTN as part of its strategy to make inroads into the Ivory Coast market. With Côte d'Ivoire boasting a robust GDP growth rate [...]Longhorn Publishers Plc Enters Digital Content Space
Longhorn Publishers Plc has entered into a partnership to supply learning materials through its LoHo digital learning platform, providing a major boost to content creators. A tablet and the digital [...]
CBK Collects KSh20.7 Billion at Weekly T-Bills Auction, 102.8% Subscription Rate
Central Bank of Kenya (CBK) accepted bids worth KSh20.7 billion at the weekly Treasury Bills auction out of KSh24.7 billion worth of bids received, and KSh24 billion offered to investors. [...]Employers to Deduct Housing Levy from March 19
The Kenya Revenue Authority (KRA) has issued a directive to employers to deduct the Affordable Housing Levy (AHL) from employee’s salary effective 19 March, this year, following the signing into [...]Bolt Launches KSh 2.9 mn Entrepreneur Program for Drivers
Ride-hailing platform, Bolt, in partnership with the Nest Innovation Park will offer a seed fund worth €20,000 to the ten most innovative individuals in June this year as part of [...]Co-op Bank Net Profit Up 5.2% to KSh 23.2 Bn
Co-operative Bank of Kenya has recorded a 5.2 percent growth in net earnings to KSh23.2 billion in the financial year ended December 2023 compared to KSh 22 billion at the [...]Bill to Repeal Outdated Co-op Act Cap 490 Published
A Bill that will repeal the 27-year old Co-operatives Act Cap 490has been published and is set to go before Parliament and the Senate for debate and approval. The Co-operatives [...]WPP Scangroup to Restructure Units, Declare Staff Redundancies
Listed advertising firm WPP Scangroup is planning to lay off staff and restructure roles in some of its units as it struggles to meet its revenue targets. The listed firm [...]
KCB to Sell National Bank of Kenya to Access Bank
KCB Group CEO Paul Russo has confirmed that the regional lender is in the process of selling its struggling subsidiary National Bank to Nigerian lender Access Bank. The board evaluated [...]EPRA in Plan to Cap Frequency of Power Outages at 20 per Year
EPRA (Electricity and Petroleum Regulatory Authority) is toying with the idea of limiting the number of times a customer is hit by a power outage to 20 per annum. Further, [...]Kenya’s Volume of Trade Ups to KSh 336.2 Billion in Jan 2024
Kenya’s volume of trade rose from KSh 303.9 billion in December to KSh 336.2 billion in January 2024 according to the latest figures from the Kenya National Bureau of Statistics(KNBS). [...]
