African Alliance shuts down its Uganda stock brokerage business
Investment services firm African Alliance has disclosed that it plans to close its stock brokerage business in Uganda by 25th April after operating in the market for 15 years. The [...]
AccorHotels Partnership with Katara Hospitality Targets New Hotels in African Cities
AccorHotels, the parent company of Mövenpick Hotels Resorts, has partnered with Qatar firm Katara to set up Kasada Africa Hospitality fund worth $1 billion which will see the development [...]
BeeDee by NIC Ventures; How it works
NIC Ventures, part of NIC group, recently launched Kenya’s first online bid bond requisition portal by the name ‘BeeDee’ in partnership with Masterpiece Fusion. The company came up with the [...]KRA Advertises the Position of Commissioner General
The Kenya Revenue Authority has advertised the position of a new commissioner General following the anticipated exit of current CG, John Njiraini. In an advert, KRA stated that candidates seeking [...]Mars Wrigley Confectionery opens new Sh 7 billion production facility in Kenya
Mars Wrigley Confectionery’s has unveiled a new Kshs 7 billion manufacturing plant in Athi River, Machakos County. The new factory which is constructed on a 20-acre piece of land in Mavoko, Machakos [...]
Investors asked to put in Sh 2 Billion in setting up Commodities Exchange
The government of Kenya is in the process of establishing a national multiple commodities exchange. This is in line with the Capital Markets 10-year strategic plan which ranks the local [...]Public service agency working on reducing pension claims backlog
Most public servants have a hard time accessing their pension payments after retirement due to inefficiencies in some government departments which results in pension claims backlog. As a result, the [...]KRA improves the issuance of Tax Compliance Certificates
The Kenya Revenue Authority has improved the process of acquiring tax compliance certificates for Kenyans. According to KRA, taxpayers will now have a better experience applying for the compliance documents. [...]Fanisi Capital Receives Sh108 Million from IFC
The International Finance Corporation has granted Fanisi Capital Sh108 million as part of a deal to offer technical advisory services to the private equity firm to invest in small and [...]Coffee farmers to get 80% of gross earnings under proposed regulations
New proposed regulations awaiting review by MPs will see coffee farmers get 80% of the gross earnings while co-operative societies, marketers, and millers receive 20%. The regulations were formed out [...]Cabinet approves expressway project linking JKIA to Westlands
Kenya's cabinet has approved a plan to construct an expressway connecting Jomo Kenyatta International Airport and Westlands in Nairobi. The expressway is meant to cut down the heavy traffic experienced [...]Fintech innovations lead to better financial services in Kenya Moodys
The financial sector in Kenya has really grown thanks to innovative products such as M-pesa. Banks use the mobile based service by Safaricom to offer loans and savings to their [...]
