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 [...]Vikas Mehta to Succeed Mathieu Plassard as Ogilvy Africa CEO
Vikas Mehta, who until now was the CEO of Mullen Lintas, is set to replace Mathieu Plassard as the Ogilvy Africa CEO following Mathieu's departure from Kenya to pursue the [...]70% of Kenyans not prepared for retirement survey
A recent report by the Association of Kenyan Insurers shows that over 70% of Kenyans are not prepared for retirement. This is attributed to high cost of living, meagre income, [...]Kenya Hotel bookings Up 15% as festive season approaches
Data from the Central Bank of Kenya (CBK) shows that on average forward hotel bookings for September to December 2019 are higher relative to a similar period in 2018. MPC [...]Diaspora remittances decline to KSh22B
Data from CBK shows that diaspora remittances fell for a second straight month to USD 214 million in August, which was a 4.5 percent decline from USD 224 million recorded [...]Nairobi ranked world's 4th most congested city
Nairobi Metropolitan Area Transport Authority released a report that stated that vehicles stuck in traffic potentially cost Kenya almost $1 billion a year in lost productivity. Nairobi has been ranked [...]
