George Odhiambo Appointed as National Bank's New Managing Director
George Odhiambo has been appointed as the managing director of the National Bank of Kenya (NBK). The position was previously held in an acting capacity by Peter Kioko-the finance and [...]
Phase 1 Construction of Nairobi Railway City Commences
The construction of the first phase of KES 27.8 billion Nairobi Railway City has begun. This follows the UK's pledge of £80 million (KES 11.9 billion) to construct an eco-friendly [...]Forex Reserves Hit a 10-Year Low of KES 869 Billion
Kenya's forex reserves have fallen to a 10-year low of KES 869 Billion, further breaching the critical level of four months’ import cover, according to official data from the Central [...]
BuuPass Raises $ 1.3 Million to Expand Transport Solutions in East Africa
Online bus ticketing platform BuuPass has raised $1.3 Million (KES 162.8 million) to expand its transportsolutions in Kenya and Uganda. The round came fromFrontEnd Ventures, XA Network, Google Black Founders [...]Diaspora Remittances Hit KES 43.7 Billion in January
In January, Kenyans working and living abroad sent home KES 43.7 billion, a 3.2% rise in remittances compared to the KES 42.4 billion they sent during the same month in [...]Ruto Appoints Susan Koech as Central Bank Deputy Governor
President William Ruto has nominated former Wildlife PS Susan Koech as the second deputy governor of the Central Bank of Kenya (CBK). Dr Susan Koech holds a doctorate in business [...]Kenya-US Completes First Round of the Trade Deal
Kenya-US first round of the Strategic Trade and Investment Partnership (STIP) talk has come to a close, establishing a foundation for future bilateral interactions. The delegation from Kenya, headed by [...]Relief for Kenyan Traders as Somalia Reduces Taxes on Miraa
Kenyan traders of the local stimulant, miraa, are thrilled with the news that Somaliland has decreased the tax on the Kenyan version. Previously, the tax on Kenyan produce was three [...]KEBS to Widen and Tighten Product Scrutiny Before Importation
The Kenya Bureau of Standards (KEBS) intends to verify and create a comprehensive list of all imported products and their manufacturers to increase and enhance the level of scrutiny before [...]Globeleq Appoints Toyota Tsusho Corporation as the EPC Contractor for 35MW Menengai Geothermal Project
Globeleq, the leading private power company in Africa, has executed an engineering, procurement and construction (EPC) contract and a long-term service agreement (LTSA) with Toyota Tsusho Corporation (TTC) for the [...]Acorn, Absa Announce KES 6.7 Billion Financing Deal For Students’ Affordable Housing
Rental housing developer Acorn Holdings Limited together with Absa Group and Absa Bank Kenya, have announced the successful conclusion of a KES 6.7 Billion financing agreement to support the development [...]Relief as Electricity Prices Drop Slightly in February
Relief for Kenyans as the energy regulators reduced electricity prices by 3.8% for February, due to declining global crude oil prices which have lowered the cost of producing thermal power. [...]
