CEOs Reluctant to Change Business Models Despite Economic Challenges: PwC
East African CEOs believe their current business models will weather economic turbulence to remain viable for the next decade, according to the PwC East African CEOs survey. The CEOs indicated [...]
Cotton Farmers to Receive 500 MT of Seeds as Price Increases by KSh20
Cotton farmers will receive 500 metric tonnes of seeds this year under a renewed effort by the government to boost production and include the crop in Kenya’s export list. “Continuously, [...]Tabasamu DT Sacco Turnover Rises by 19% to KSh 207.3 Million
Tabasamu DT Sacco (Deposit-Taking), based in Kwale, saw its turnover increase to KSh 207.3 Million in 2023 from KSh 173.6 Million in 2022, a rise of 19%. “With introduction of [...]
CBK Accepts KSh 22.9 Bn at Weekly T-Bills Auction
The Central Bank of Kenya (CBK) accepted bids worth KSh 22.9 billion at the weekly treasury bills auction out of KSh 24 billion offered and KSh 23.9 billion worth of [...]EPRA Promises Proactivity to Prevent Gas Tragedies
The Energy and Petroleum Regulatory Authority (EPRA) will collaborate with security agencies to detect illegal LPG filing stations, among other plans to prevent gas tragedies. The energy regulator outlined its [...]Food Prices Fell, LPG Prices Rose in February-KNBS
A drop in the prices tomatoes, sugar, maize grain-loose and maize flour-loose helped ease cost of living in February to 6.3 per cent from 6.9 per cent a month earlier. [...]EU Parliament Approves Economic Partnership with Kenya
European Union Parliament has approved the Kenya-EU Economic Partnership Agreement (EPA) signed in December last year. It also opens opportunities for the EU in trade and investment in Kenya, spurring [...]Centenary Sacco Issues KSh 95.9M in Dividends
Centenary Deposit-Taking Sacco, based in Meru County, will be paying back to its members a total of KSh 95,877,937.00 in the form of Dividends on Share Capital, Interest on Members’ [...]CBK Seeks KSh 40bn in Feb T-Bonds Tap Sale
The Central Bank of Kenya (CBK) has floated Treasury Bonds worth KSh 40 billion for budgetary support during February 2024. Placing agents are commercial banks, non-bank financial institutions, licensed stock [...]Equitel Launches 5G Service
Equity Bank's virtual network operator Equitel has partnered with Airtel to launch 5G services in 370 locations in Kenya. The 5G service is set to bring faster and more reliable [...]Phoenix Beverages Acquires Minority Stake in African Originals
Mauritius-based Phoenix Beverages Ltd (PBL), a subsidiary of IBL Ltd, can acquire minority control in African Originals, after the Competition Authority of Kenya (CAK) approved the deal. the transaction is [...]
Kenya Wins Bid to Host 2024 Transform Africa Summit
Kenya has won the bid to host the 2024 Transform Africa Summit (TAS) convened by the Smart Africa Alliance, from August 28-30. ‘‘This win is testament to the confidence that [...]
