Base Titanium Posts Sales Worth KES 7.5 Billion in Q3 2022
Base Titanium has posted sales worth KES 7.5 billion in the third quarter of 2023, attributed to increased exports and higher prices of the minerals in the international markets. The [...]
Safaricom Becomes First Telco to Roll Out 5G Network in Kenya
Kenya's largest telco Safaricom Plc became the first telecommunication provider in Kenya to roll out the 5G network on 27th October 2022. The telco announced 5G trials in March last [...]Shelter Afrique Set to Launch Sovereign Lending product
Shelter Afrique has announced plans to develop a Sovereign Lending product that will supplement its traditional products that attend to both the demand and supply sides of the housing value [...]
NSSF Buys Additional 18.8 million Shares in KCB
The National Social Security Fund (NSSF) has bought an additional 18.8 million shares worth KES 703 million in listed tier-one lender KCB Group in the third quarter of this year, [...]NHIF Revives Law Requiring Top Workers to Pay 1.7% of Gross Pay Monthly
The National Hospital Insurance Fund (NHIF) has revived a controversial law seeking to have workers earning more than KES 100,000 per month pay more in monthly contributions. The NHIF republished [...]Avenue Hospital to Receive KES 1.4 Billion Loan from IFC to Refinance Existing Debt
The International Finance Corporation (IFC) is set to loan Avenue Hospital KES 1.4 billion ($11.7 million) to fund a new wing at its Nairobi facility in Parklands and refinance existing [...]DT Dobie Expects Ease in Chip Shortage in the Second Half of the Year
Auto dealer DT Dobie expects a shortage of semiconductors that are used in cars to ease by the second half of 2022. DT Dobie Managing Director (MD), Chris Ndala, predicts [...]Demand for Kenya's Coffee Declines following a Rebound in Coffee Production in Brazil
Demand for Kenya’s coffee has declined following Brazil's rebound in production, which had recorded a sharp decline in the last two years, creating a global shortage. In the latest sale, [...]What Exactly Is Weed Cartridge? 7 Things To Know
If you're new to vaping or cannabis use, you may wonder what a weed cartridge is. It's a pre-filled container or cartridge that attaches to a vaporizer pen or battery [...]KCB Partners with TerraPay to Enhance Cross-border Remittances
KCB Bank Kenya customers now have an opportunity to seamlessly receive funds from the diaspora to their accounts in Kenya, powered by a partnership with Mobex. Mobex is an affiliate [...]China's Loans to Kenya Drops to $6.83 billion in June 2022
China's loans to Kenya have dropped for the first time in 15 years, to $6.83 billion in June from $7.05 billion a year ago and $3 billion in 2016. Treasury data [...]Electricity Prices Rise for Second Month in a Row
Electricity prices have risen for the second month in a row, attributed to high oil prices and a weak shilling. The Energy and Petroleum Regulatory Authority (EPRA) on Friday increased [...]
