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 [...]
World Bank to give grants to 824 farming self-help groups
World Bank, through the National Agricultural and Rural Inclusive Growth (NARIG) Project, will start giving grants to 824 farming self-help groups in 21 counties. The World Bank has already issued [...]
JAPAN'S NEXI Partners with Financial Institutions to Boost Trade in Africa
Japan's Nippon Export and Investment Insurance (NEXI) has partnered with the Islamic Development Bank (IsDB), Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC) and African Trade Insurance [...]Ishida Europe Opens Nairobi Office
In a bid to expand its presence in the East Africa Region, Ishida Europe has opened a new office in Nairobi so as to provide localised sales, service and spares [...]Kisumu Port Ready to Kickstart Operations
Kisumu Port is ready to kickstart operations after the seventh-month upgrade period nears the end, a move aimed at improving maritime activities at Lake Victoria. With the port ready to [...]Delays in processing construction permits are hurting the economy
The Architectural Association of Kenya (AAK) and the Kenya Private Developers Association (KPDA) are crying foul over delays in the issuance of e-construction permits. The E-construction Permit Systems has not [...]Base Titanium Gets Tax Refund Worth Kshs 363 million from KRA
Base Titanium has received Kshs 363 million worth of accumulated Value Added Tax refund claims from the Kenya Revenue Authority (KRA) in the financial year ended June. In total, KRA [...]Crown Paints Suspends Direct Sales With Counties
Crown Paints has suspended direct sales arrangement with counties, citing huge payment delays that have threatened to send the firm into cash flow constraints. The firm, which is listed on [...]Pwc rejects Rai’s bid for ARM Cement
Pwc, which is acting as ARM administrator, has rejected a bank guarantee of KES1.3 billion by Mr Jaswant Rai. The consultancy firm said that guarantee from Mr Rai failed to [...]
Pump prices to rise for September
Energy and Petroleum Regulatory Authority (EPRA) has revised the maximum retail pump prices for petroleum products which will be in force from 15th September to 14th October 2019. Super Petrol, [...]China’s infrastructural lending in Africa may slow in the future – Citi
China’s infrastructural lending to Africa may slow down in the future as the Asian nation changes tact in its quest to be a global superpower. In a report, China and [...]NSE admits NIC Bank to the derivatives market
The Nairobi Securities Exchange has announced the admission of NIC Bank to the NSE derivatives market (NEXT) as a non-executing member after meeting the exchange's membership criteria. In a statement, [...]
