Optimism among Kenya's business community reaches historic high ahead of Elections
The Kenya Private Sector Association (KEPSA) has released results from a survey carried out in July showing that most CEOs expect a stable economy after conclusion of the General elections [...]
Nzoia Sugar Set to Resume Operations after Ksh 500 Million Govt Bailout
Nzoia Sugary Company is expected to resume production this Sunday after President Uhuru Kenyatta announced a Sh500 million bailout that will help the firm pay arrears that it owes to [...]
Safaricom Set To Revamp Corporate Structure to Spur Expansion
Safaricom Plc plans to revamp its corporate structure in the next two years to make it easier to expand beyond Kenya and the East African market. According to the CEO, [...]Kenya's Private Sector Hits 15-Month Low in July Amid High Inflation PMI
Kenya’s private sector activity hit a 15-month low in July as PMI survey data signalled a decline in new orders and muted business confidence. The Markit Stanbic Bank Kenya Purchasing [...]Banking Sector Tax Contribution Hits a 5-Year High of Ksh 129.52 Billion in 2021
The Kenyan banking sector registered the highest tax contribution in five years, a survey byPrice Waterhouse Coopers(PWC) Limited shows. The survey which was prepared in conjunction with Kenya Bankers Association [...]Kenya's FaidiHR Raises Undisclosed Amount, Eyes Entry into Uganda, Tanzania DRC
Kenyan HR startup FaidiHR has raised n undisclosed amount of funding from SprintX, a US-based Venture Capitalist (VC) for early-stage startups. The startup has thus also rebranded from Crew HR [...]4G Capital Inks Deal with Mambu to Empower Entrepreneurs in Africa
4G Capital, an award-winningneobankpowering micro and small business growth in Africa, announced their go-live onMambus leading cloud banking platform. 4G Capital provides unsecured business loans along with enterprise training and [...]East Africa Portland Cement Starts Off Kiln Project to Increase Productivity
East African Portland Cement Plc has commenced the replacement of its kiln shell as it seeks to increase its productivity to over 1400 tonnes per day. The firm’s burning zone, [...]Kenya Power Set to Introduce Electric Car Charging Stations in Nairobi and Nakuru
Kenya Power will begin a six-month trial on electric car charging stations in Nairobi and Nakuru next month as it sets its eyes on new revenue streams from e-mobility. The [...]South Sudan Suspends Transportation Deal with Nairobi Freight Terminal over Rising Costs
South Sudan has halted a transportation deal with the Nairobi Freight Terminal, which had been given exclusive rights to handle all its cargo passing through the MombasaPort. In a letter [...]India in Talks with Tullow Oil to Buy Kenyan Operations for KSh356.5 Billion
Two Indian state-backed companies are in talks to acquire Tullow Oil’s stake in Kenya's Turkana oil projects in a deal estimated to hit KSh356.5 billion. Bloomber reports that executives of [...]Kenya’s Banking Industry Assets Hit Record Ksh 6.0 Trillion
Kenya's banking industry total assets grew in 2021 by 11.4% to Ksh 6.0 Trillion from Ksh 5.4 trillion in 2020, driven mainly by growth in investments in government securities and [...]
