Kenya Among ‘Big 4’ Private Capital Destinations in Africa KIFC Report
Kenya is listed among the Big 4 that also includes Egypt, Nigeria and South Africa-as the giants of Africa’s silicon savannah, continually attracting the lion’s share of both private capital [...]
KRA Collects Sh135B More In FY 2022/23
The Kenya Revenue Authority (KRA) is banking on tax policy reforms to collect Sh2.768 trillion by end of the current financial year and surpass Sh3 trillion mark by next financial [...]
IMF review paves way for disbursement of US$415.4M to Kenya
The International Monetary Fund (IMF) Executive Board has completed the fifth reviews for Kenya allowing for an immediate disbursement equivalent to about US$415.4 million. The Board on Monday completed the [...]Brenda Mbathi Appointed as CEO of Two Rivers International Finance Innovation Centre (TRIFIC)
Two Rivers International Finance Innovation Centre (TRIFIC) has appointed Brenda Mbathi as its first Chief Executive Officer (CEO). This strategic appointment comes as TRIFIC, a fully-owned subsidiary of the [...]East African Portland to Craft Recovery Plan by August
East African Portland Cement must design a financial recovery strategy by August 17th this year, according to directions from the National Assembly Public Investments Committee on Commercial Affairs Energy, [...]Kenya to Have Carbon-Neutral Power Generation by 2030
Kenya has set an ambitious target to cut its energy prices and improve the transmission networks to better serve its growing economy, says its Cabinet Secretary for Energy and Petroleum [...]Kenya Reaps Big from Europe’s Fresh Produce Market
Kenya is currently the leading supplier of basil, an aromatic herb, to Europe which sources 80% of its supplies for the fresh produce market, from Kenya. This is after hot [...]Kenya Receives US$ 345.9 Million As Diaspora Remittances in June
Kenya posted an increase in foreign remittance inflows in June 2023 to US$ 345.9 million compared to US$ 326.1 million in June 2022, an increase of 6.1%. Latest figures from [...]BodaBoda Operators Feel Pinch As Court Delays Ruling On Finance Act
Kenya’s public transport industry is having it rough following the adjustment of fuel prices despite court order temporarily blocking the implementation of Finance Act 2023. Among other tax measures to [...]IFC, Bamburi Ink Deal To Boost Women Participation In Supply Chain
Bamburi Cement PLC in partnership with International Finance Corporation (IFC) through the Sourcing2Equal (S2E) program, has embarked on a special training initiative targeting women-owned businesses to increase their participation in [...]Startups in Africa Weather Slow Deal-Making Environment in Q1 2023
Startups in Africa continue to grow rapidly compared to other mature markets, despite venture capital (VC) funding slowly retreating from the African market this year, according to figures from PitchBook, [...]CBK Accepts KSh 36.4 Billion at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 36.443 billion at this week’s Treasury Bills Auction out of KSh 24 billion offered, an oversubscription of 151.85%. The CBK accepted bids [...]
