Parliament Adopts Proposal to Remove Rate Cap Law
President Uhuru’s recommendations to remove the interest rate cap law have sailed through. The National Assembly adopted the recommendations after MPs failed to hit the quorum necessary to overturn the [...]
Shopkeeper is king of credit market
According to the latest Kenya Financial Sector Stability Report, loans from theshopkeeper constitute the largestproportion of credit followed by loans from family andfriends and mobile banks. The report is prepared [...]
The Far East, a Crucial Destination for Kenyan Exports
The Far East is proving to be a huge market for Kenya's exports gobbling up 29.5 percent of the total exports in 2018. According to a Kenya National Bureau of [...]
Oracle Corporation Unveils Latest Digital Solutions
Oracle Corporation has unveiled its latest cloud-led digital solutions which include; an Oracle autonomous database, AI embedded business applications and the generation 2 cloud infrastructure. It unveiled the solutions to [...]
Guala Invests KSh570 Million in Kenya in Fight Against Counterfeits
Guala Closures East Africa (GCEA), a screw-top manufacturer, has put in KSh 570 million to set up a factory in Nairobi. The firm launched the Nairobi plant on Monday with [...]Senate Committee Approves Treasury's KSh 9 Trillion Debt Ceiling
The Senate committee has approved the amendment to the Public Finance Management Act, 2012. The act seeks to raise Treasury’s debt limit to an absolute KShs9 trillion. The National Assembly [...]Kenya Airways Partners with Safarilink in Codeshare Agreement
Kenya Airways and Safarilink have signed a codeshare agreement. The agreement seeks to connect passengers from the Kenya Airways network straight into their safari destinations within Kenya and Tanzania. In [...]Rubis Energie Tightens its Grip on Kenya's Energy Sector
Rubis Energy, the French Oil distributing Company, has signed a share purchase agreement for the acquisition of Gulf Energy Holdings Limited (GEHL). The announcement comes a few months after Rubis [...]KEBS Suspends 7 Peanut Butter Products Over High Aflatoxin
The Kenya Bureau of Standards has suspended 7 Peanut Butter Products over high aflatoxin content. Aflatoxinsare a family of toxins produced by certain fungi found on agricultural crops such as [...]Kenya’s Population Hits 47.6 Million
The size of Kenya’s population hit 47,564,300 in 2019 consisting of 23.5 million males and 24 million females. The growth rate stands at 2.2 per cent. The sex ratio is [...]Home Afrika Appoints New Non-Executive Directors
Home Afrika has appointed Mr. Peter Mungai Ndung'u and Mrs. Kendi Ogamba as non-executive directors of its board. Their appointment took effect on 31st October 2019. Mr. Mungai holds a [...]Sendy Secures KSh 200 Million for Expansion
Dutch investor Goodwell Investments has agreed to invest $2 Million (KSh200 million) in Kenya based logistics startup Sendy. The funds will be used for expansion in East Africa. Goodwell believes [...]
