Maize Flour Prices to Rise Further as Tax Waiver on Imports Ends
Families will have to tighten their belts as maize flour prices are expected to rise further from the current Kes 200 for a 2kg packet after a waiver on charges [...]
Tea Prices Rise at the Mombasa Auction Despite a Decline in Demand
Tea prices at the weekly Mombasa auction rose slightly this week despite reduced demand from traders. At this week’s auction, a kilo averaged USD2.27(Sh274.22), up from USD2.25(Sh271.80) last week. The [...]Court Clears Uganda's Sarrai Group to Resume Operations in Mumias
Uganda-based Sarrai Group has been cleared to resume operations at Mumias Sugar Company after the Court of Appeal temporarily suspended a High Court decision to kick the firm out of [...]CRB to Remove Over 4 Million Fuliza Loan Defaulters Starting November
Over 4 million Fuliza defaulters will be removed from the Credit Reference Bureau (CRB) and other blacklists from November this year, the government and lenders have announced. The announcement made [...]Govt Set to Privatise State Corporations in Bid to Raise More Funding
President William Ruto has backed the privatization of State Corporations in a bid to raise more funding for the government. Privatization is expected to see the sale of government firms [...]Pause, play, fast forward: It's more than just a game
By Peter Mbiti, Senior Brand and Category Manager Emerging Africa, Dell Technologies In early 2020, as the world around us came to an abrupt halt, here was one sector [...]
Safaricom Lowers Fuliza Charges by 40%
Safaricom has slashed interest rates on Fuliza loans below Sh1000 by 40 per cent and introduced a three-day grace period for borrowers. The new rates, effective October 1, will see [...]CMA signs MoU with KDC to Ease Access Of Financial Services To SMEs
The Capital Market Authority (CMA) and Kenya Development Corporation (KDC) have signed a Memorandum of Understanding (MoU) that aims to ease the accessibility of financial services to small businesses. The [...]KenGen's Rebecca Miano Appointed CS for EAC Regional Development
President William Ruto has appointed KenGen’s Managing Director(MD) Rebecca Miano as the Cabinet Secretary in the Ministry of East African Community (EAC), Arid and Semi-Arid Lands (ASALs) and Regional Development. [...]Why becoming a Neobank is paying off for Branch
Branch International, a fintech company that pioneered personal loans via smartphones, raised eyebrows early this year when it announced that it was buying Century Microfinance Bank. The company’s majority acquisition [...]
Mi Vida Homes Garden City Project Attains IFC EDGE Certification Status
Mi Vida Homes’ mid-market housing project at Garden City has been awarded the EDGE certification by the International Finance Corporation (IFC) on account of the project’s energy and water-saving design. [...]
Kenya Power Announces KES 40 Million Plan to Shift Entire Fleet to Electric Vehicles
Kenya Power has announced plans to phase out fossil fuel powered vehicles and motorbikes from its fleet, in favour of electric-powered ones, as the company moves to adopt sustainable ways [...]
