Focusing on Enterprise Development will Increase Financial Inclusion for MSMEs
Kenya’s Vision 2030 seeks to create an industrialized, middle-income economy with Micro, Small and Medium-sized Enterprise (MSMEs) at the core of that strategy. Data from Kenya Bankers Association Shared Value [...]
Dr. Caesar Mwangi Appointed CEO of ICEA LION Insurance Holdings
ICEA LION Group has announced the appointment of Dr. Caesar Mwangi as the Chief Executive Officer of ICEA LION Insurance Holdings Limited. The appointment took effect on 1st August 2019. [...]Renault Trucks Opens Assembly Plant in Thika
Renault Trucks has opened an assembly plant in Thika to facilitate local assembly of its K-Range heavy-duty trucks, as it seeks to expand its presence in the East Africa region. [...]
Kenya to Open More Border Points to Increase Trade with Ethiopia
Kenya is looking to establish more One-Stop Border Points (OSBPs) along the Kenya-Ethiopia border to facilitate trade. Treasury CS Ukur Yattani said that the government is working on implementing a [...]Mombasa Container Terminal CFS Begins Export Handling Services
Mombasa Container Terminal (MCT) has been licensed to handle export cargo as part of its Container Freight Station (CFS) services. This service is a first in the industry and primarily [...]New Credit Reference Bureau opens in Kenya
[bctt tweet=CredoLab, a credit reference bureau based in Singapore, has opened in Nairobi. The firm computes digital scorecards for clients whose requirements, risk appetite, and credit scoring thresholds are unique.] [...]
OLA Energy Seeks a Reduction of Taxes on Raw Material Imports
OLA Energy has urged the government to bring down the import duty charged on the raw materials used in the manufacture of lubricants. The oil distributor's CEO, Mazin Binramadan, said [...]KCB's Non-performing Loans expected to rise to 12% of Gross Loans
KCB Group will see its non-performing loans (NPLs) rise to 12 percent of the gross loans following the acquisition of National Bank of Kenya. “We expect with NBK consolidation we [...]African Development Bank (AfDB) Approves KSh23.8 Billion Loan for Expansion of Kenya’s Great North Road
African Development Bank Group (AfDB) has approved a loan of about KSh23.8 billion to fund the expansion of Kenya's Great North Road. Other financers of the project are the Kenyan [...]KCB Eyes Ethiopia and DRC in Regional Expansion Drive
KCB Group's appetite for regional expansion has intensified as the lender plans to venture into Ethiopia and the Democratic Republic of Congo (DRC). The bank's CEO Joshua Oigara disclosed that [...]Privatization of Mombasa Port Termed Unconstitutional by the High Court
Efforts to privatize the KSh30 billion Container Terminal Two at the Port of Mombasa have been slashed after the High Court deemed the procedure unconstitutional. In the ruling, the judges [...]Government Lifts SGR Cargo Directive
Interior and Coordination CS Fred Matiang'i lifted the directive to haul cargo over the SGR. The move follows public outcry from players in the transport sector over lost jobs and [...]
