Goldenscape Scam a pointer to low financial literacy levels in Kenya
Recent deplorable scenes at Nairobi's Uhuru Park where a distraught group of investors, who had put their cash into the troubled Goldenscape Greenhouses Limited, were plotting to get their money [...]
Ride-Hailing Drivers Want Commission Capped at 5%
Drivers of ride-hailing digital taxis are pushing the National Transport and Safety Authority (NTSA) to cap operators commissions at 5%. In a raft of proposals submitted to the Senate, the [...]
AfDB Appoints Dr. Kevin Kariuki to Senior Role
AfDB has appointed Dr. Kevin Kariuki as Vice President in the Energy docket tapping into the Kenyan talent pool in the energy sector. Dr. Kariuki is to take up the [...]Government Issues Temporary Ban on International Events
The Kenyan Government has imposed a 30 day ban on international events and meetings in efforts towards containing the coronavirus threat. The ban takes effect today, March 6, 2020. Speaking [...]
Prices Fall at the Nairobi Coffee Exchange
The continuous rain experienced in Kenya, from early October through to January affected coffee production and quality. As a result, the average price of coffee at the local exchange declined. [...]
Kenya’s sugar industry snoozes as era of cheaper imports loom
A powerful lobby group representing Kenyan farmers has questioned the Government’s plan to privatize its stake in the sugar industry without involving the cane farmers. A section of farmers from [...]Kenya Inches Closer to New IMF Deal
The Kenya Government has made significant progress in its boardroom negotiations with the International Monetary Fund (IMF) for a new credit facility. The credit line is designed to shield the [...]Kenya Lists Licensed Insurance Services Providers
The Commissioner of Insurance has published a list of licensed insurance firms that will engage in the business in 2020. In a notice signed by Godfrey K. Kiptum, Commissioner of [...]Octagon Africa Signs Strategic Partnership with Alexander Forbes
LISTEN TO ARTICLE A new strategic partnership has been entered into under which Octagon Africa will serve Alexander Forbes multinational clients with a presence in Kenya.This strategic partnership comes after [...]Ecobank Seizes EA Cables Assets
Cable manufacturer, EA Cables, has relinquished its assets to Ecobank, after it failed to repay loans worth KSh350 million, in form of banking facilities obtained in 2011 and 2013. With [...]Kenya's Blue Economy Gets KSh1 Billion Boost from World Bank
Kenya's blue economy has received a KSh1 billion boost from the World Bank. According to the East African Community Principal Secretary, Kevit Desai, the funds will go a long way [...]Car General's Net Earnings Decrease by 19% to KSh 182.4 Million
Car General recorded a fall in net profits from KSh 225.7 million to KSh 182.4 million. This is a 19 percent drop from its financial performance at the end [...]
