Non-DT-SACCOs in race to meet tough new SASRA Regulations
Non-Deposit-Taking SACCOs, which run Back Office Service Activity(BOSA)and with more than KSh 100 Million, have the next three months to fulfil the new SACCO Societies Regulatory Authority(SASRA) rules. The CS, [...]
Oil Prices Rise as U.S Economy shows Positive Signs on Recovery
Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories [...]
Kenya Seeks KSh10 Billion COVID-19 Vaccine Loan from World Bank
Kenya is seeking a KSh10 billion loan from the World Bank to help the country purchase the COVID-19 vaccines. This comes after the National Treasury failed to allocate KSh4.5 billion [...]
Bolt Unveils Hybrid and Electric Cars in Kenya
Ride-hailing company, Bolt, has unveiled a new ride category on its platform that features hybrid and electric cars. DubbedBolt Green, the new service seeks to steer the company towards reducing [...]Savannah Venture Capital launches a $25M fund for African Startups.
Savannah VC Managing Partner Mbwana AlliyHouse Prices Recover, After Seven Quarters of Contraction
House prices in Kenya improved by 0.22% in the 4th quarter of 2020, after seven quarters of contraction according to a report by the Kenya Bankers Association. The jump in [...]
UK-Kenya Trade Deal finally ratified by both countries
The Kenya-UK post-Brexit trade agreement has received approvals from lawmakers of both countries, ending months of anxiety between the business community in Kenya and the UK. When the trade deal [...]Kenya Power Records Kes 0.94 Billion Loss for FY2020
The Kenya Power and Lighting Company ( KPLC) has recorded a loss after tax of Kes.0.94 billion compared to a profit of Kes 0.26 billion in 2019. This was despite [...]Three Kenyan startups among Recipients of US$ 2 Million fund
Three Kenyan firms are among those to receive funding from the inaugural US$2 Million Jua Fund, considered the largest African venture capital fund by a private individual. The startups They [...]Kenya's Second-hand Clothes Imports Contribute up to Ksh 12 Billion in Annual Taxes
Kenya's second-hand clothing and footwear sector contributes over Ksh 1 billion in taxes every month, amounting to approximately Ksh 12 billion annually. This is almost at par with other sectors [...]Tech Companies in Kenya Other African Countries to Benefit from IFC's $25 Million Investment
Digital technology companies operating in Kenya, Nigeria, Ghana, Cote d’Ivoire, Ethiopia, Uganda, Tanzania, Zambia, the Democratic Republic of Congo, Mozambique, Botswana and South Africa are set to gain from a [...]Gov't Unveils KSh220 Million Kanyuambora Irrigation Project
The Government of Kenya, through the Ministry of Water and Irrigation, has unveiled a KSh220 million Kanyuambora irrigation project in Mbeere, Embu County. The project, funded by the national government [...]
