IRA Places Xplico Insurance Under Statutory Management
The Insurance Regulatory Authority. (IRA) has placed Xplico Insurance under statutory management and appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for Xplico Insurance Company Limited. Troubles for [...]
Britam Appoints Judy Rugasira Kyanda as Non-Exec. Director
Britam Board of Directors has appointed Judy Rugasira Kyanda as an independent non-executive director. She has engaged with boards both at management and leadership levels, having shared as chair of [...]Bamburi Cement Plc Makes Changes to its Board
Bamburi Cement Plc, a listed Kenyan firm engaged in the manufacture and sale of cement and related products, has announced the appointment of Tito David Koros as a Non-Executive Director [...]Kenya Power Launches New Strategic Plan
Kenya Power, a state-owned utility firm, has launched a new five-year corporate strategic plan to guide its operations in the medium term. The corporate strategic plan 2023/24-2027/28 will drive value [...]Kenya Records Rise in Electronic Fraud As Festive Season Begins
Kenya has recorded a 9.5% increase in digital shopping fraud attempts at the beginning of the holiday shopping season that occurred between 23rd and 27th November 2023, according to data [...]Express Kenya, Kakuzi Issue Profit Alerts as More Firms Struggle
Express Kenya and Kakuzi are the latest listed firms to issue profit warnings, an indication of a tough business environment that most businesses find themselves in. “The warehousing operations of [...]Explainer: How Kenya's Rate Hike Affects Consumers and Businesses
Kenya's Monetary Policy Committee (MPC) on Tuesday increased the benchmark Central Bank Rate (CBR) from 10.50% to 12.50%, the second increase since Governor Kamau Thugge assumed office. The MPC also [...]
KEBS Refutes Claim of Allowing Unfit Edible Oil
The Kenya Bureau of Standards (KEBS) has refuted claims that it allowed unfit edible oil into the Kenyan market. “This is not a health and safety parameter, KEBS communicated the [...]
BasiGo Secures $5 million Debt Facility for Electric Buses in Kenya
British International Investment (BII), the UK’s development finance institution and impact investor, has announced $5 million in debt funding for BasiGo Ltd. “Because electric buses in Kenya are powered by [...]African Stock Exchanges Urged to Improve On ESG Ratings
Risk Insights, a leading Environmental, Social, and Governance (ESG) data provider in Africa, has developed Environmental data for six major African exchanges, including the Nairobi Securities Exchange (NSE). Andrey Bogdanov, [...]Kenya, India Sign 5 MoU to Enhance Relations
Kenya has welcomed the decision by India to open its market to avocados from Kenya, saying it will expand opportunities for Kenyan farmers. During his two day visit to India, [...]Africa’s Climate-Aligned Infrastructure Receives $175m Pledge
Climate-aligned infrastructure across Africa received a boost following over $175million pledge by various bodies at the COP28 Summit in Dubai. According to the African Development Bank Group President DrAkinwumi Adesina, [...]
