Toyota Kenya Acquires 35% Stake in Ofgen Solar Installation Company
Toyota Kenya has acquired a 35% stake in solar installation company, Ofgen, for an undisclosed value. The Competition Authority of Kenya (CAK) on Tuesday approved the deal that will help [...]
Kenyans Set to Face Higher Prices of Goods as New EAC Tariff Kicks in
Kenyan importers will now pay more to bring in cereals and textiles from outside the East African Community (EAC) following the implementation of the 35 per cent duty on some [...]
Oil Marketers Warn of Fuel Shortage Risks on Payment Delays
Oil marketers in Kenya have warned of fuel shortages because of government delays in paying them the subsidies meant to keep prices of gasoline low. The companies are owed 65 [...]Kenya set to Finalize Plans for Exporting Avocados to Malaysia
Kenya is set to start exporting avocados to Malaysia as a delegation from the Asian nation finalizes a pest risk analysis. The delegation visited the Kakuzi farm and facilities as [...]Aga Khan University Hospital Receives KSh950 Million Grant to Boost COVID-19 Vaccination
The Aga Khan University Hospital, Nairobi (AKUH,N), and the Aga Khan Health Services, East Africa have received KSh950 million grant from the German Government to boost the COVID-19 vaccination campaign [...]KTDA Imports 88,000 Metric Tons of Fertilizer from Russia
The Kenya Tea Development Agency (KTDA) has imported 88,000 metric tons of NPK fertilizer from Russia for KSh9 billion. The ship docked in Mombasa with a consignment of 41,000 metric [...]Bamburi Cement Appoints Guillaume Dubreuil as Non-Executive Director
Bamburi Cement has appointed Mr. Guillaume Dubreuil as a non-executive director, with effect from 19th August 2022. Guillaume is the Finance Head, Sub-sahara Africa area, and interim Chief Finance Officer, [...]OLA Energy Kenya Appoints Yousef Elhemmali as New General Manager
OLA Energy Kenya Limited has appointed Dr. YousefElhemmali as the General Manager with effect from 1stAugust 2022. In addition to his role as General Manager, Dr. Yousef Elhemmali is also [...]KAM Appoints Anthony Mwangi as New CEO
The Kenya Association of Manufacturers (KAM) Board has appointed Mr Anthony Mwangi as the Chief Executive Officer, effective 15th September 2022. Prior to his appointment, Anthony Mwangi worked at Bolt, Tullow Oil, [...]Kenya's Fuel Subsidy Hits KSh71.17 Billion in 6 Months
Kenya's expenditure on fuel subsidy has hit KSh71.17 billion in the six months to June. Consumption data from Energy and Petroleum Regulatory Authority (EPRA) shows Kenya has spent an average [...]Kenya's Diaspora Remittances Fall 0.7% to $319.4 Million in July
The amount of money sent home by Kenyans working abroad dropped for the sixth consecutive month in July, attributed to the high cost of living globally. Data by the CBK [...]Fuel Prices Set to Rise as KPC Plans Tariffs Raise
Kenyans could be hit with higher fuel prices over the next three years should the Kenya Pipeline Company (KPC) be given the nod to increase the transportation and storage tariffs [...]
