Kenya Power issues a profit warning
The Kenya Power and Lighting Company Limited (KPLC) has issued a statement saying that its net earnings for the financial year ended 30th June 2019 are projected to decline by [...]
Relief for Kenya Airways as Pilots call off planned strike
The Kenya Airline Pilots Association (KALPA) has called off a planned strike to demonstrate against recent plans by Kenya Airways to hire foreign pilots. The strike was set for Friday [...]
Mombasa Port cargo grows 8.6pc
The port of Mombasa registered a growth of 8.6% from 18.14 million tons to 19.69 million tons. moreover, there are expectations for the port to handle 33.5 million tons by [...]Kenya ranked third in renewable energy capital investments
Kenya ranked third in renewable energy capital investments in the Middle East and Africa region in 2018. In the year, UNEP reports that Kenya attracted $1.4 billion (145 billion) investments [...]Banks’ spend KSh6.7 billion on Corporate Social Investments
In 2018, Kenyan banks put KSh2.1 billion into different corporate social investments such as education, sports, healthcare, and environmental conservation. This is according to data from the 2019 Kenya Banking [...]
Safaricom Investment Co-operative Breaks Ground for The Zaria Village
On Saturday 14th September 2019, Safaricom Investment Cooperative (SIC) held their open day at The Zaria Village Grounds in Kiambu County, where among other activities, a groundbreaking was done at [...]Rubis Energie to Restructure KenolKobil's Uganda and Rwanda Units
Rubis Energie, which is the owner of KenolKobil, has announced plans to restructure the 33 KenolKobil petrol stations in Uganda and Rwanda. The restructuring, which will mainly target the internal [...]Warehousing solutions can stimulate e-commerce
The provision of ready-made logistics and distribution centres across East Africa can stimulate e-commerce growth. Ecommerce firms should focus on their core business (delivering products to customers) and move from [...]Treasury proposes the establishment of Criminal Assets Recovery Fund
The National Treasury has drafted the Proceeds of Crime and Anti-money Laundering Regulations (2019) seeking to establish Criminal Assets Recovery Fund and Administration. The mandate of the Fund will be [...]AAR Insurance Partners with CarePay to Enable use of Safaricom's M-Tiba
AAR Insurance has partnered with CarePay to enable its customers to use Safaricom's M-Tiba platform to access their services. In the recent wake of technological advancement, the partnership gives customers [...]Andela restructuring leads to 400 job cuts across Kenya, Uganda and Nigeria
Andela has announced the departure of 170 junior engineers and staff from its Kenyan hub with an additional 250 affected from the Nigerian and Ugandan hubs. The move comes as [...]Baringo-Silali geothermal field to add 300MW to the national grid
Kenya’s quest for green energy received a boost as Geothermal Development Corporation (GDC) reported discovering steam at Paka one well in Tiaty Constituency, Baringo County. Baringo-Silali geothermal power project has [...]
