Transsion teams up with Wapi Capital to fund African Startups
Transsion Holdings, the company that makes popular smartphone brands like Techno, Infinix iTel, and Kenya's Wapi Capital have partnered to find and fund Africa's Tech Startups. The fund will [...]
Kenya to sell its first oil shipment to ChemChina.
Kenya picked ChemChina as its first buyer of crude oil. The decision was made after a rigorous bidding process dated July 26 which involved eight bids from Asian and European [...]CBK issues an alert on unlicensed forex dealers
The Central Bank of Kenya has issued a warning against dealing with unlicensed and unregulated online forex brokers. In a notice on the dailies, the regulator urges Kenyans to verify [...]Kenya’s ever changing tax environment
Kenya’s tax environment has been going through changes with the Kenya Revenue Authority trying to increase revenue collection to the tune of KSh6.1 trillion by June 2021. The Finance Bill [...]Vandalism leads to KSh60 million loss for Kenya Power
Since the start of 2019, Kenya Power has lost approximately KSh60 million to criminals who steal and destroy street light infrastructure. The highest cases of vandalism have been reported in [...]
Resource mismanagement hampers Kenya's development World Bank
The government has shown remarkable progress in allocating its financial resources. Government spending on infrastructure and human capital has had a positive impact on the transport, education and health sector. [...]Achieving sustainable debt and driving the Big 4 agenda.
The Government of Kenya is committed to pursue fiscal consolidation, to provide efficient service delivery, to support the Big 4 agenda, and to contain public debt. However, there have been [...]EA Portland Cement to only hire on contract basis
East African Portland Cement (EAPC) has revealed that it will only hire on contract terms from now on. This follows massive layoffs last week that will see EAPC retain 600 [...]CMA approves Kenya’s First Green Bond
Capital Markets Authority (CMA) has approved the issuance of Kenya’s first green bond. It follows the launch of the Policy Guidance Note on Green Bonds in February in 2019. The [...]Saccos embrace digital lending
Savings and Credit Cooperative Societies (Saccos) are leveraging on technology to catch up with market trends and safeguard their market-share. Technology is reshaping the financial industry forcing Saccos to match [...]How KRA plans to bridge the revenue shortfall.
The Kenya Revenue Authority has released its plan to curb the shortfall in revenue collected. The taxman has developed several revenue enhancement initiatives to improve tax revenues for the coming [...]SOMO to host a trade exhibition.
SOMO, a non-profit organisation which provides training, capital, mentorship, and market access to local entrepreneurs, will host its first trade exhibition on 17 August 2019. The exhibition will be at [...]
