Zimbabwe Set to Sell Gold Amidst Weakening of Local Currency
Zimbabwe will this month start selling gold coins as a store of value at a time its currency is weakening considerably, pushing the cost of living beyond the reach of [...]
Kenya's Duhqa Raises $2 Million in Seed Funding Round
Kenya's Duhqa, a B2B platform for retail distribution of consumer goods in FMCG, Cold Chain and Pharmaceuticals, has raised $2 million in its seed funding round, just seven months after raising [...]
NSE Waives Transaction Levy on Equity Trades for the Next 30 Days
The Nairobi Securities Exchange(NSE) has waived the NSE transaction levy on all equity day trades for the next 30 days effective July 6, 2022. This is to enable Kenyans to [...]Revamped Fairmont Mount Kenya Safari Club Reopens after 2 Years
The iconic Nanyuki-based Fairmont Mount Kenya Safari Club has reopened its doors to the public after a two year closure period. Fairmont Hotels and Resorts Country General Manager Mehdi Morad [...]Kenya's Private Sector Declines Further in June Amidst Rising Inflation Pressures-PMI
Kenya’s private sector continued to decline in June as PMI survey data signalled a decline in business output and new customer orders amid rising price pressures. The Markit Stanbic Bank [...]KTDA Farmers' Record a 42% Increase in Earnings to a Record of Ksh 63 Billion
Tea farmers allied to the Kenya Tea Development Authority( KTDA) have received a record payment of Sh62.89 in the year ending June, the highest ever payment disbursed in five years. [...]Ekaterra Tea Proposes Acquisition of 100% Stake in Limuru Tea
Ekaterra Tea Kenya PLC (Unilever Tea) has made a proposal to shareholders of Limuru Tea Plc to acquire up to 100% of the ordinary shares in the share capital of [...]Kenya Surpasses South Africa as Top Avocado Exporter in Africa
Kenya has surpassed South Africa to become Africa’s top exporter of avocados. In the central region in particular, where the majority of the country’s small-scale avocado farmers are found, coffee [...]Bolt Sets Up Africa's Headquarters in Nairobi
Bolt has opened its Africa Head Office in Nairobi to leverage the city’s strategic position to serve as a regional hub for its operations in Africa. The office which is [...]Mi Vida Homes Appoints Samuel Kariuki as New CEO
Mi Vida Homes has appointed former Centum Real Estate Managing Director, Samuel Kariuki as its Chief Executive Officer effective June 1, 2022. Mi Vida Homes is a joint venture by [...]Kenya stands out in the 2021 Global Findex
Kenya is among the top five countries that have made significant progress in digital finance in the 2021 Global Findex, released by the World Bank. The World Bank’s Global Findex [...]Investing 101: Build your Investments like you Build your House
Building a house is not so different to building your investment targets and portfolio. When you build a house, you first lay the foundations to hold up the walls of [...]
