Govt Suppliers to receive payment in 60 days
Suppliers of goods and services to the National Government will now receive payments within a maximum of 60 days. The Cabinet Secretary for National Treasury Henry Rotich made the announcement [...]
UK Appoints Jane Marriott OBE as 1st Female High Commissioner to Kenya
The United Kingdom has appointed Ms Jane Marriott OBE as the first woman envoy to Kenya replacing Nic Hailey who has served since 2015. Currently, she is the director of the [...]
Kenya's Derivatives Market to go live on 4th July
After several years of preparation, the Nairobi Derivatives market will begin to operate on 4th July. NSE received the license to operate from the market regulators; CMA and the Central [...]Budget Highlights; Big Win for Private Sector
The Private sector is expected to benefit from the proposed reforms in the finance bill that will see the repeal of the lending rate cap. The Finance Minister Henry Rotich [...]Equity Group gets Ethiopian Banking licence, plans to begin operations in July
Equity Bank has acquired a license to operate in Ethiopia, a huge achievement for the regional institution. The bank has opened a Representative Office in Addis Ababa as it prepares [...]
Kenya Budget; Treasury Allots Sh450 Billion to Big 4 Agenda
National Treasury has allocated Sh450.9 billion to towards President Uhuru Kenyatta Big Four Agenda and their enablers for the 2019/2020 financial year, in the previous fiscal year, Kshs 400 billion [...]Kenya Airways starts flying to Rome and Geneva
LISTEN TO ARTICLE Kenya’s National air carrier has increased its European network by adding flights to Rome and Geneva. The airline says the two new routes are strategic as it [...]World Bank to Fund Kenya's Sh 4.7 Billion Solar Solutions program for Marginalized Counties
The Government of Kenya has launched KSh 4.7 billion facility under the Kenya-Off-Grid Solar Access Project (KOSAP) aimed at supporting the private sector to provide solar and clean cooking solutions [...]Safaricom, Absa on the prestigious Forbes Global 2000 annual ranking
Safaricom is the only Kenyan business listed on the prestigious Forbes Global 2000' list of the leading 2000 public companies in the world. The firms are ranked based on their [...]French entrepreneurial family acquires Sh 500M Stake in Twiga Foods
Creadev, the private equity arm of the Mulliez family has acquired a stake worth Ksh 500 Million in Kenyan based fresh produce and fast-moving-consumer-goods aggregator Twiga Foods. According to the [...]Centum to Sell its Stake in Almasi Beverages Nairobi Bottlers For Sh 19.5 Billion, Profit up 41% to 4.4B
Centum Investment Company PLC has agreed to sell its shares in Almasi Beverages Limited (“ABL”) and Nairobi Bottlers Limited (“NBL”) respectively to Coca-Cola Sabco East Africa Limited, a subsidiary of [...]Bank of Uganda suspends the conversion of Kenyan shillings
LISTEN TO ARTICLE The Bank of Uganda has suspended the exchange of Kenyan Shillings in all banks and financial institutions in the country. It follows a similar move by the [...]
