Central Bank retains key rate at 9%
Central bank’s monetary policy committee met yesterday and resolved to keep the base lending rate unchanged at 9 per cent. The decision was informed by the stable macroeconomic environment, anticipated [...]
Online Marketplaces Could Create 3 Million Jobs in Africa by 2025
A recent report by Boston Consulting Group (BCG) shows that marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These [...]
Lifestyle Audits on Owners and Managers of Kenyan Saccos
The Ethics and Anti-Corruption Commission and the State Department of Co-operative societies have signed a memorandum of understanding that will see owners and managers of SACCOs be subjected to lifestyle [...]
Coca-Cola West Africa President Peter Njonjo takes over as Twiga Foods CEO
Fresh produce and fast-moving-consumer-goods aggregator Twiga Foods has announced the appointment of Peter Njonjo as its Chief Executive Officer. Mr Njonjo, a Kenyan with vast experience spanning 21 years at [...]State-owned GDC posts KSh1.4 billion net profit
Geothermal Development Corporation (GDC), a state-owned company that explores and drills steam-power generating sites says its net earnings for 2018 jumped from KSh228 million to KSh1.4 billion propelled by a [...]IM Bank earnings soar 17% to Sh 8.5B, board declares bonus issue
IM holdings posted a 17 per cent increase in 2018 net earnings to reach KSh8.5 billion from KSh7.3 billion recorded in the previous financial year. The bank credited the good [...]How the KQ-KAA partnership will benefit Kenya’s economy
Kenya’s national airline, Kenya Airways, is seeking a public-private partnership with the Kenya Aviation Authority that will see the national carrier manage Jomo Kenyatta International Airport, the country’s largest airport, [...]State of Kenya's digital financial services
Digital financial services have rapidly increased in Kenya, supported by the high rate of mobile phone ownership and improved internet connectivity. Between September and November 2017, the Master Card foundation [...]Uber to Acquire Rival Firm Careem For $3.1 Bn
Ride-hailing firm Uber and its middle East rival Careem have entered into a partnership that will see Uber acquire the latter for $3.1 billion, a transaction consisting of $1.7 billion [...]Kenya Gov't to Issue Sh 3 Billion Fund to Coffee Farmers at 3% Interest
The Kenyan government says it has embarked on an agenda to revive the country's coffee sector with a Sh3 billion cherry advance revolving fund to farmers with an interest of [...]Azuri Technologies Named Winner of Global SDG Award
Azuri Technologies has emerged the winner of the Global Sustainable Development Goals Award due to its innovative services of providing clean and affordable energy to rural off-grid Africa. Using the [...]Safaricom looks to data analytics to grow its revenues
Bob Collymore, the CEO of Safaricom, has revealed that the telco is looking at new avenues to drive income growth. Safaricom is the most profitable listed company at the NSE. [...]
