Kenya Ranked Third Globally in Future Trade Growth Potential
Kenya ranks third in trade growth potential in the recently released Standard Chartered Trade 20 Report. Ivory Coast tops this year's list having made significant improvements in its trade readiness. [...]
Treasury Restates Measures to Cut Govt Spending
Acting Treasury CS Ukur Yatani has directed government ministries, departments, and agencies to undertake policy measures to enhance expenditure control and fiscal discipline in the management of public resources. Treasury [...]
Edu-Cater Africa to Celebrate Current Innovations in Kenya on Saturday 28th September
Edu-Cater Africa is holding their inaugural event on Saturday 28th September to celebrate today's innovations in Kenya. The event, which will be held at iHub, will focus on celebrating and [...]CMA Raises a Red Flag on Forex Trading Broker, Interweb Global Fortunes
Capital Market Authority (CMA) has cautioned the public against participating in online forex trading through Interweb Global Fortune. CMA’s Fraud Investigation Unit and Directorate of Criminal Investigation (DCI) operation on [...]Why Mumias Sugar was suspended from trading at the NSE
Shares for Mumias Sugar Company (MSC) Limited have been halted from trading today at the Nairobi Securities Exchange (NSE). This marks the turning point of the listed sugarcane processing firm [...]Tea Prices Expected to Decline Further
Tea prices fell this year, reaching a new low of $1.76 per kilo in July 2019. East Africa Tea Trade Association (EATTA) Chairman, Gideon Mugo, expects the prices to decline [...]Housing Finance Corporation to Pay KSh2.9B for the Matured Bond
Housing Finance Corporation (HFC) has announced that it will fully redeem the principal sum of the seven-year bond issued in 2012. The company announced that the final redemption of the [...]Nigeria's CcHub Acquires iHub
Nigeria’s innovation centre has acquired iHub to become one of Africa’s biggest incubator networks. While CcHub’s CEO has confirmed the merger, the two entities will still maintain a certain level [...]Sanlam Kenya Unveils an Early Retirement Plan for Its Employees
The board of Sanlam Kenya Plc. has approved the commencement of a Voluntary Early Retirement (VER) scheme in a business turnaround plan expected to provide more than Ksh200 million in [...]Coal not a Priority for Africa's Ambitious Plans in Renewable Energy, AfDB
During the United Nations General Assembly (UNGA) 2019 proceedings, AfDBs president, Akinwumi Adesina, highlighted strategic plans in Africa to take advantage of the vast natural resources in the continent, to [...]Central Bank expects more Consolidation in Kenya's Banking business
The Central Bank of Kenya’s top policy organ, in its recent meeting, noted that there is headroom for even consolidations going forward. “We are not done yet and there is [...]
Cost of power to go down as thermal generators are phased out
The cost of energy is expected to fall as the government moves toward renewable sources of energy. Energy CS Charles Keter promised not to renew licenses for Independent Power Producers [...]
