State to Introduce Hourly Trains on 4 Nairobi Routes
The government, through Kenya Railways, has procured four locomotive engines that will enable hourly commuter trains services around Nairobi. The service will be introduced in four routes that currently have [...]
Kenyan Start-up Fuzu Secures Ksh390M Series A Funding
Career development start-up Fuzu has raised Ksh390M (€3.4M) series A funding to support and expand its platform, team, and geographic coverage. In addition, Fuzu intends to use the funds to [...]
Coop Bank to Acquire 100% Stake of Jamii Bora Bank
The Central Bank of Kenya (CBK) has announced Co-operative Bank of Kenya's intentions to acquire 100% stake in Jamii Bora Bank (JBB). However, this will be subject to the following [...]Local Automotive Industry Makes Great Strides in Assembly
The local automotive industry has recently made great strides, especially in the vehicle assembly sector, seeing that a number of International companies are assembling their cars here in Kenya. On [...]Kenya Market Wrap: Home Africa Gains as Stanbic Holdings Dips
The market wrap trading on Tuesday 10th March saw 29,805,100 shares traded down from 37,765,600 on Monday. Safaricom Plc was the most traded with 21.31 Million shares exchanging hands, putting [...]Traders Push for Camel Milk Inclusion in the Dairy Act
Farmers and traders of camel milk are pushing for the product to be included in the Dairy Industry Act, citing an under-tapped gem that is still unregulated. As of 2014, [...]Amazon to Sell Cashierless System to Other Retailers
Amazon announced on Monday plans to sell the cashierless, no check-out line system to other retailers. Marketed as Just Walk Out', the system utilizes ceiling-mounted cameras and shelf weight sensors [...]Tea Prices Fall at Auction amid Increased Supply
Increase in supply has caused tea prices at the weekly Mombasa auction to fall to a long time low, with one kilogram going at an average KSh202, down from KSh206 [...]State Begins Promoting BT Cotton Farming
The government, through the ministry of Agriculture, has established 100 demonstration farms for cotton farming, in a bid to begin the commercialization of BT cotton. According to Peter Munya, Agriculture [...]Brace Yourself For Faster, Cheaper Internet
The East African region is set to enjoy faster internet following the landing of DARE1submarine cable in Nyali, Mombasa. The 4000KM fibre optic cable will offer a strategic alternative in [...]NSE Remains Volatile as Investors Eye Banks' Earnings
Activity remains subdued at the NSE even as the big banks begin to release their end of year financial results. After one of its worst performances in more than ten [...]
KRA Takes Over Nairobi County Revenue Collection Till 2022
Kenya Revenue Authority will collect revenue on behalf of Nairobi County from March 16 2020 untill 2022, County finance executive has confirmed. In a gazette notice issued on Friday, Allan [...]
