Margaret Nyakang'o Sworn in as Controller of Budget
Margaret Nyakang'o has been sworn in as the Controller of Budget for an 8-year tenure. Parliament's Finance and National Planning committee said that Dr Nyakang'o was well-suited for the job. [...]
KRA Appoints Dr. Terra Saidimu as Commissioner for Intelligence
The Kenya Revenue Authority has appointed Dr. Terra Saidimu as the new commissioner for intelligence and strategic operations. In an internal memo, KRA's Commissioner General, Githii Mburu stated that Dr [...]High Court Suspends City Hall's New Parking Fees
High Court has temporarily halted an order to increase parking fees in Nairobi. The suspension follows a case filed by the Consumer Federation of Kenya (Cofek), accusing city hall of [...]
Local Airlines Increase Flights Frequency As Festive Period Approaches
Local airlines have increased their flights frequencies to holiday destinations, a move aimed at meeting the high travel demand of the approaching festive season. For instance, Jambojet has added 54 [...]KAA to Spend KSh350 Million on Wilson Runway Repairs
The Kenya Airports Authority (KAA) has announced plans to repair the potholes on Wilson Airport runway, an activity that is set to cost the authority KSh 350 million. However, the [...]US firm Invests KSh 1.2B in Bidco Animal Feed Mill Upgrade
Bidco has partnered with America's Land O'Lakes to invest KSh1.2 billion in the upgrade of an animal feed factory in Nakuru. With the partnership, the plant will be able to [...]Safaricom Introduces Mali, a new Investment Tool Powered by MPesa
The region's most profitable company Safaricom is introducing an investment tool dubbed Mali, which will allow MPesa users to invest as little as 100 for daily interest. Mpesa users will [...]Oversupply to Blame for Nairobi's Falling Prime Residential Prices
Knight Frank (KF) reports that house prices in Nairobi prime residential market fell by 5.4 per cent in the year to September. KF Prime Global Cities Index (PGCI) for Q3.2019 [...]KCAA Conducts Search and Rescue Drill
The Kenya Civil Aviation Authority today conducted a multi-agency search and rescue drill, assessing Kenya's preparedness for aviation incidences. The Okoa Maisha Asarex 2019 involved the Kenya Defence forces, National [...]Police Sacco Gets Stable Credit Rating
Kenya Police Sacco Society Limited has been given a stable outlook by Global Credit Rating (GCR). The rating agency attributes the favourable ranking to the Society’s strong capital position, solid [...]Five African Exchanges Partner to Deepen Their Financial Markets
Kenya, Nigeria, Egypt, Morocco, and Mauritius have signed an agreement to form the African Stockbrokers, and Securities Dealers Association (ASSDA). The association will enable cross-border trading in Africa. The members [...]East Africa's Top PE Firms Venture Capitalists Feted in Gala
Winners of the Second edition of the East Africa Private Equity and Venture Capital Association (EAVCA) Industry Awards have been announced. The Awards recognize and celebrate venture capitalists playing a [...]
