Huawei to develop Konza Data Centre and Smart City
The Chinese tech giant Huawei has been selected to develop the Konza Data Center and Smart City. The announcement followed President Kenyatta’s visit to China for the Belt and Road [...]
Naivasha –Kisumu SGR put on hold
Plans to construct the Naivasha – Kisumu Standard Gauge Railway have been shelved after the Kenyan government failed to secure funding from China. The Cabinet Secretary for Transport James Macharia [...]
Transport firm Midland Hauliers Ltd Placed Under Administration
Transportation services firm Midland Hauliers Limited Company has been placed under administration, and Qualified Debenture-Holders appointed as the agent of the company. In a notice, PV Rao, the company’s administrator [...]
Kenya Seals Deal to Export Avocados to China
President Uhuru Kenyatta has signed an agreement with Chinese President Xi Jinping which will allow Kenyan farmers to export avocados to China. The deal makes Kenya the first African nation [...]TPS Eastern Africa’s revenues hit Sh6.6 billion as net profit rises by 50%
In 2018, TPS Eastern Africa booked an improvement in its hotel business which saw the firm’s annual revenues grow by 3 per cent from KSh6.4 billion to KSh6.6 billion. The [...]Crown Paints delays the release of its 2018 financial results
Crown Paints says that its 2018 financial results will be late by almost ten days from the set deadline of 30th April. Listed companies are required by law to publish [...]NSE Finally Delists collapsed Logistics firm Atlas
Atlas Development and Support Services limited has been expelled from the NSE after it shut down its business and deregistered in the UK. The company was suspended from trading at [...]Kenya Stats office says economy grew by 6.3% in 2018
The country's economic growth in 2018 exceeded World Bank’s prediction of 5.7 per cent to register 6.3 per cent jump according to the Kenya National Bureau of Statistics (KNBS). The [...]Flame tree group net profit declines by 15%
Flame tree group, the producer of household items like; plastic tanks, cosmetics, and playground equipment, booked KSh5.9 million drop in net profits in 2018, equivalent to a 15 per cent [...]Acumen invests $70M in KawiSafi Ventures
KawiSafi Ventures has received approximately $70M from non-profit organisation, Acumen, in a deal that is expected to facilitate Kawi’s delivery of clean and affordable energy across the region. KawiSafi is [...]Energy Regulatory Commission acquires a new name
The Energy Regulatory Commission will now be referred to as the Energy and Petroleum Regulatory Authority (EPRA) after a successful rebranding process. The government agency acquired the new name at [...]Kenya ranked 2nd largest luxury market in Africa after South Africa
According to a report by Mauritius based AfrAsia bank, Kenya was listed as the second largest luxury goods market in Africa by revenue in 2017. The largest market for high-end [...]
