Consumer goods’ prices move up after an increase in the rates of excise duty
The price of consumer products such as fuel, beer, fruity drinks, cigarettes, and sugar confectioneries is set to go up after the government revised the rate of excise duty on [...]
World Bank disqualifies two construction companies in East Africa
The World Bank has declared sanctions against SAI Consulting Engineering Ltd and Universal for General Construction and Trading Company for engaging in corrupt practices while working on World Bank-financed projects [...]
Kenya Banking Sector Outstanding Loans Advances Hits KSh2.5 trillion
The banking industry has recorded tremendous growth in the last 15 years. A report by Kenya Bankers Association revealed that as at the end of 2018, the amount of outstanding [...]Investment and Financial analysts body gets new leadership
The Institute of Certified Investment and Financial analysts (ICIFA) has new leadership after it elected Dr. Jonah Aiyabei as the new Chairperson during the group’s AGM on 28th June. Before [...]KPA Pension Scheme partners with Pinnacle Projects to invest in real estate
The Kenya Ports Authority pension scheme has embarked on a real estate project to construct 198 residential apartments in Nairobi's South C referred to as the Bandari Apartments. The KPA [...]KCB –National Bank union to be finalized by 25th August
National Bank has informed its shareholders that they have until the end of July to submit their offer acceptance forms for the proposed takeover by KCB bank. The takeover deal [...]CMA takes action against Insider traders Aly Khan Satchu, Kunal Kamlesh, and Andre Desimone
The Capital Markets Authority has imposed a KSh2.5 million fine on Andre DeSimone, the former CEO of Kestrel Capital, and disqualified him from holding a key role in a listed [...]FSD Kenya appoints Tamara Cook as the new CEO
FSD Kenya has appointed Tamara Cook as the new CEO to take over from David Ferrand who stepped down at the start of July. Tamara has a wealth of experience [...]Britam appoints AfricInvest to its board
Britam, Kenya’s leading Insurance firm has appointed AfricInvest to its board of directors made of 12 members. AfricInvest is a company registered in Mauritius and it is comprised of; German-based [...]CBK eases rules for digital borrowers
The central bank of Kenya has issued a notice requiring digital loans to be treated like normal bank loans. Under the new regulation, mobile loan defaulters will only be blacklisted [...]High energy costs, lack of modern technologies major hindrance to growth in the manufacturing sector
A survey conducted by SYSPRO and Strathmore Business School has revealed that high costs of production and lack of advanced technologies are the major hurdles faced by Kenyan manufacturers. SYSPRO [...]Kenya Association of Manufacturers launches an SME hub
The association of manufacturers in Kenya has established a hub for Small and Medium-sized Enterprises. The hub is meant to prepare, nurture, and grow the SMEs in readiness for the [...]
