Afrirent Holdings’ Senzo Tsabedze Gives Advice to Fleet Management Start-Ups.
Senzo Tsabedze is the founder and CEO of Afrirent Fleet, a subsidiary of Afrirent Holdings, one of the top fleet management companies in South Africa. With 20 years experience in [...]
NSE Amends Trading Regulations to Accommodate Block Trades
The Nairobi Securities Exchange (NSE) amended its trading regulations to accomodate block trades, aiming to boost market liquidity. A block trade is a large securities transaction privately negotiated and arranged [...]Kenya to Begin Exporting High Value-added Tea to Australia
Kenya is set to launch value-added tea exports to Australia in a bid to protect its unique identity and improve farmers' income. A dispatch from State House after a Cabinet [...]
Mawingu Secures KES 1.12 Billion to Expand Fixed Internet Services
Mawingu, the fixed internet service provider, has secured Series B funding of KES 1.12 Billion to expand in 25 counties. The fixed internet provider, plans to expand its reach with [...]Esther Masese Waititu Appointed as Chief Financial Services Officer
Safaricom has appointed Esther Masese Waititu as the chief financial services officer, effective 21st February 2023. Esther takes over the role from Boniface Mungania, who succeeded Sitoyo Lopokoiyit- currently the [...]Diverse White Vein Kratom Products Currently Trending In Kenya's Market.
Kratom is a versatile plant that has been commonly found all over the world, including in African countries such as Kenya. It is grown naturally in the wild and is [...]
June Chepkemei Appointed as KenInvest's Acting Managing Director
Trade Cabinet Secretary Moses Kuria has appointed June Chepkemei as the Acting Managing Director of Kenya Investment Authority (KenInvest), taking over from Olivia Rachier. The appointment tasks June Chepkemei with [...]CBK Expects Stable Foreign Exchange Market on Favorable External Deficit
The Central Bank of Kenya (CBK) expects Kenya's foreign exchange market to be stable this year, primarily due to a reduction in the current account deficit. Patrick Njoroge, the CBK [...]Kenya Power to Raise KES 31 Billion from Proposed Tariffs
Kenya Power and Lighting Company (KPLC) announced on Monday that it would raise KES 31 billion from consumers under the new electricity tariff set to start in April. The funds [...]CMA Approves Licensing 4 More Coffee Brokers
The Capital Markets Authority (CMA) has added four more coffee brokers to its roster, increasing the total to ten, as part of efforts to improve the coffee sub-sector. Kinya Coffee [...]CBK Retains Benchmark Lending Rate at 8.75%
The Central Bank of Kenya (CBK), through its top policy-making organ-the Monetary Policy Committee (MPC) on Monday, retained the benchmark lending rate at 8.75%, citing that the current monetary policy [...]Kenya’s Forex Reserves Drop to 88 Months-Low of KES 870.7 Billion
Kenya's forex reserves declined to 88 months-low of KES 870.7 Billion in the last week, according to data from the Central Bank of Kenya (CBK). The Central Bank of Kenya [...]
