Construction of Lamu 90MW Wind Farm to Commence
Kenya Power has signed a 20 year power purchase agreement with Bahari Wind for a 90 MW wind energy farm. Bahari Wind in Lamu county is a joint venture between [...]
Insurers Blacklist Nairobi Women's Hospital Over Costs Inflation
A consortium of insurers has suspended credit services at Nairobi Women's Hospital (NWH). The Association of Kenya Insurers CEO, Tom Gichuhi, says they agreed during a meeting on Monday to [...]Mombasa Tea Auction Digitization Underway
TradeMark East Africa (TMEA) has partnered with the East African Tea Trade Association (EATTA) to digitize the weekly Mombasa tea auction. The partnership seeks to automate the trade through the [...]
Kenya's Cargo to Fly Directly into the US
The US and Kenya have signed an amendment to the US-Kenya Air Transport Agreement adding seventh-freedom traffic rights for all cargo operations to the bilateral Air Transport Agreement. In [...]Kenya Power's KSh4.1 Billion Tender Cancelled
The Public Procurement Administrative Review Board (PPARB) has cancelled the KSh4.1 billion Last Mile tender that Kenya Power had awarded the French Development Agency . The electricity distributor had mandated [...]CMA Licences Derivatives Trading Members
LISTEN TO ARTICLE The Capital Markets Authority (CMA) has released a list of 7 licensed derivatives markets trading members. The members are; AIB Capital, Faida Investment Bank Limited, Genghis Capital [...]Tullow Oil Set to Lay Off 650 Staff
Tullow Oil plans to lay off close to 650 of its staff, on claims that their roles have turned redundant, even as the firm struggles to increase its savings. According [...]Kenya's Central Bank Introduces Mobile Based Bonds
LISTEN TO ARTICLE The Central Bank of Kenya (CBK) has announced the rollout of a mobile-based service designed to facilitate investment in government securities dubbed CBK-TMD. The Bank is pleased [...]The Evolution and Future of East Africa's Transport Logistics Industry
The Kenyan Wallstreet team recently had a chat with Jason Reynard, the CEO of Bollore's East Africa Region to talk about the current situation of the region's transport and logistics [...]Kenya’s GDP to Grow at 6% in 2020, AfDB Report
Kenya’s economy is expected to grow at 6 per cent this year, propelled by favourable weather conditions and big-ticket investments around the Big 4 agenda on health, housing, manufacturing and [...]
Harambee SACCO Delays Assets Sale
Considered the 4th largest Deposit-taking SACCO in Kenya, Harambee SACCO Society Limited has pushed the planned disposal of some of its idle assets, including land and houses, to the back [...]Wapi Pay Raises Capital via Future Hub
Fintech startup, Wapi Pay, has raised seed capital via Future Hub, becoming the first Fintech investment in Africa to do so. According to Wapi Pay co-founder, Eddie Ndichu, they will [...]
