The Continent’s largest Wind farm opened in Kenya
President Uhuru Kenyatta on Friday presided over the launch of the largest Wind Farm in Africa. The Windpower station consists of 365 turbines mounted on the shores of Lake Turkana, [...]
Tech Company Oracle Kenya appoints David Bunei as the new MD
The technology company Oracle has picked David Bunei to lead the Kenyan team. David will guide the firm in providing digital services to private and public entities. Before his appointment, [...]Kenya’s funding model presents a challenge –Moody’s
A report by Moody’s Investors Service highlights the government’s over-reliance on funding from local commercial banks. The banks finance over 50 percent of Kenya’s domestic borrowing. According to researchers at [...]KSh8 trillion transacted through mobile money channels in 2018
The use of mobile money in Kenya has remarkably increased in the past few years. In 2018, transactions worth KSh8 trillion were conducted through mobile-based platforms, equivalent to 91 percent [...]Safaricom’s Masoko to expand beyond Kenya by 2020
Safaricom has announced plans to grow its e-commerce business beyond the Kenyan borders by the year 2020. The information was revealed by the Chief Financial Services Officer Sitoyo Lopokoiyit during [...]Express Kenya CEO exempted from takeover law
The CEO of Express Kenya Hector Robert Diniz has been excused from complying with Regulation 4 of the Capital Markets (Take-over and Mergers) Regulations 2002 by the markets regulator – [...]Work resumes at Kengen’s OlKaria V power plant after a safety incident
Commissioning tests have resumed at Kengen’s Olkaria V power plant after a brief disruption over the weekend. Activity at the power plant was put on hold on Friday evening after [...]Kenya and Singapore agree to partner in developing digital infrastructure
The Central Bank of Kenya and the Central Bank of Singapore have signed an agreement to promote digital infrastructure development in Kenya. Singapore will assist Kenya to establish basic digital [...]Central Bank writes to Banks and Micro-finance institutions about betting firms
The Central Bank of Kenya has written to CEOs of all Commercial Banks and Microfinance Institutions concerning the betting firms whose licenses have not been renewed. A letter from CBK [...]Savannah Cement invests KSh5 billion into a new plant
Savannah Cement, the youngest entrant into the Cement industry in Kenya is constructing a KSh5 billion grinding plant in Kitengela. The plant is expected to produce 1.2 million tonnes of [...]Kenya hosts the first Afro-Asia Fintech festival
The first ever Afro-Asia Fintech festival is currently ongoing at the Kenya School of Monetary Studies. The festival is meant to bring together industry leaders in the financial sector, investors, [...]Going back to the basics; Integrity in the corporate world
A survey by a US firm revealed that people place a high value on leaders who have integrity. The research conducted by Robert Half Management Resources questioned more than 1000 [...]
