Air Tanzania Acquires 2nd Boeing 787-8 Dreamliner
Air Tanzania Company Limited has acquired a second Boeing 787-8 Dreamliner. This is a step further to its plans of doubling the fleet to fourteen planes by 2022. Acquisition of [...]
Kenya Stock Market New Trading System Suffers Teething Problems
The newly installed Automated Trading System (ATS) at the Nairobi Securities Exchange (NSE) continues to have significant challenges and teething problems, barely two weeks after it was installed. This new [...]
Regulator Orders Coca Cola To Allow Distributors Sell Competitor Products
Coca Cola Sabco East Africa, South Africa's subsidiary of Coca Cola Beverages Africa recently concluded its acquisition of Almasi Beverages from Centum Investments. The acquisition will result in Coca Cola [...]Ushahidi Co-Founder Juliana Rotich Wins the German African Prize
Ushahidi Co-founder and entrepreneur Juliana Rotich has won this year's German Africa Prize for contributions towards tech innovation and solving community problems. A jury of 16 panellists selected Juliana out [...]Regulator Publishes 2nd Corporate Governance Report
Kenya's Capital Markets Authority has published the 2nd State of Corporate Governance Report which assessed about 53 issuers of securities to the public. In the report, the Authority's outgoing Chief [...]Proposed Law to Regulate Mobile Loan Apps elicits Strong Support
A move by Members of Parliament to propose a law that will bring all mobile loan apps under the regulation of Central Bank of Kenya has received support from experts [...]Markets Regulator Retains Top Ranking In Africa
For the fifth straight year, Kenya’s Capital Markets Authority (CMA) has been ranked the most innovative in Africa by reputable UK-based International Finance Magazine. International Finance’s Financial Awards aims to [...]How Banks are Keeping up with Technology to Offer Better Services
The Kenyan banking Space is often dynamic, in a bid to stay abreast with ever-changing customer preferences and new technology. Technology like mobile banking as well as increased phone penetration [...]Kenya Improves on the Global Ease of Doing Business Index
Kenya’s ranking in the World Bank’s Ease of Doing Business (EODB) index has improved to position 56 globally with a score of 73. According to the report, released on Thursday [...]
Kenya’s Financial Markets Third Most Advanced in Africa
Kenya's financial markets are the third most advanced in Africa, Absa Financial Markets Index shows. With a score of 65, Kenya’s financial markets depth leads the East African region, followed [...]Safaricom Appoints Peter Ndegwa as CEO
Safaricom PLC Board of Directors has appointed Mr. Peter Ndegwa as the company’s Chief Executive Officer effective April 1, 2020. He joins Safaricom from Diageo PLC where he is the [...]
KenGen awarded Sh 5.8 billion contract to drill geothermal wells in Ethiopia
Kenya Electricity Generating Company PLC (KenGen) has clinched a Ksh 5.8 billion contract to drill 12 geothermal wells in Ethiopia. The contract with Ethiopia’s independent power producer Tulu Moye Geothermal [...]
