Egyptian lender CIB to Acquire Kenya's Mayfair Bank
The Commercial International Bank (CIB), an Egyptian private sector lender has announced plans to acquire a stake in Mayfair Bank Limited in Kenya. READ; Egyptian lender CIB to Make an [...]
City Hall Increases CBD Parking Fees to KSh 400
Nairobi City Hall has increased the cost of parking in the CBD after enactment of the Finance Act of 2019. From Wednesday, motorists will pay a minimal parking fee of [...]Scope Markets Officially Launches in Kenya
Scope Markets (SCFM), a licenced non-dealing online foreign exchange broker, has officially launched in Kenya. The company has been operating in Kenya since May 2019 says it has already garnered [...]
Reasons Why Small Businesses Need CRM Software
The idea of Customer Relationship Management (CRM) is still a developing concept in Africa, especially for small and medium-sized businesses. Businesses often face the challenge of focusing on customers and [...]Port Delays Pushing Seed Importers out of Kenya
Government directive to reduce the number of agencies at the Mombasa port to five has come to haunt seed importers. Bulk seed importers have increased demurrage costs as consignments shipped [...]WFP-Kenya Receives $1 Million from Russia
The World Food Program (WFP) has received a $1 million voluntary contribution from the government of Russia. WFP will work with Kenyan authorities to distribute the food supplies to communities [...]South African Airways Revives Partnership Plan with Ethiopian Airlines
South African Airways is back on a proposal to partner with Ethiopian Airlines as SAA struggles with losses. The plan first presented in June 2019 proposed a strategic partnership between [...]IMF Sets New Conditions For Kenya's Precautionary Loan Facility
The International Monetary Fund (IMF) has disclosed new conditions for Kenya to access the $1.5 billion precautionary loan facility. In this case, East Africa's largest economy will have to conform [...]Posta Kenya Launches Digital Post Services
Posta Kenya in partnership with Safaricom has launched a digital postal service targeting more than 5 million customers countrywide. In this case, Posta will leverage on increased digitization and growth [...]Air Traffic Passengers Grow Amid Reforms
Kenya's domestic passenger air traffic through JKIA grew by 12% whereas its international passengers grew by 7.6%. Standard cites that the number of passengers into Kenya grew to 12.07 million [...]Media firm Standard Group Issues Profit Warning
Standard Media Group has issued a profit warning saying that that profits will dip by at least 25 per cent for the year ending 31 December 2019. In this case, [...]Kenya Shilling Weakens Amid Rise in Dollar Demand
The Kenya Shilling weakened marginally against major international and regional currencies during the week ending November 28 following increased corporate demand for foreign currency. Figures from the Central Bank of Kenya (CBK) indicate that [...]
