Sidian Bank receives Sh 1.2 billion capital boost from Danish firm
Sidian Bank, a third tier bank and a subsidiary of Centum, has received KSh1.2 billion ($12 million) funding from a Danish organization Investment Fund for Developing Countries (IFU) [...]
Kenyan Telcos to Share Infrastructure Built Using USF Under New Law
The Parliamentary Committee on Communication, information, and Innovation has tabled a report in the house which proposes that all telecommunication providers in Kenya will share infrastructure built using the Universal [...]
Gov't Seeks Investors to Revive East African Portland Cement
The government is seeking potential investors to help in reviving the troubled East Africa Portland Cement Company (EAPCC), according to Kenya's Industrialisation Cabinet secretary. Mr Munya further noted that the [...]Taxify Rebrands to Bolt
Taxify has announced it's changing its name to Bolt saying this is in line with firm’s broader vision of the fast-evolving transportation industry. Speaking on why the company chose to [...]East African Portland Cement Issues profit warning
East African Portland Cement has issued a profit warning indicating that its 2019 full-year earnings will be 25 per cent lower compared to the same period in 2018. The company [...]
Citi optimistic about Kenya’s 2019 growth, says Shilling is overvalued
CThe interest rate cap law, introduced in September 2016, has stifled credit growth to the private sector and subsequently hurt Kenya’s economy. Most Kenyans agree that the cap should be [...]Safaricom Says Cashless System Boosting Revenue Collection In Counties By Up to 30%
Safaricom says that cashless systems adopted by county governments have diminished leakages and boosted revenues by up to 30 percent. The systems have made it easier for citizens to pay [...]KCB Group 2018 earnings up 22% to Sh 24 billion
KCB Group has released impressive results for the year that ended in December 2018. The bank’s after-tax profit rose by 22 per cent to reach Ksh 24 billion. The growth [...]Kenya Airways Protests Granting of Ethiopian Airways Permit to Operate Cargo Flights From Nairobi
Local aviation players led by Kenya Airways have protested a recent move by Kenya Civil Aviation Authority that saw Ethiopian Airways granted permit to operate 5 ad-hoc cargo flights between [...]Pesapal Goes Mobile with New Payments App
Pesapal has unveiled a new app that aggregates payments for essential and leisure services. The app, Pesapal Mobile, enables users to buy airtime, pay bills, book flights and holidays, purchase [...]Kenya’s spending on development drops by 24%
A report by the Central Bank of Kenya shows that in the fiscal year that ended in June 2018, the government spent KSh1.32 trillion on salaries and other recurrent expenses, [...]Strike by Airport staff grounds Flights at JKIA
Kenya Airways has advised passengers set to fly from the Jomo Kenyatta International Airport from 11am not to go to the airport following strike by aviation staff. The staff under [...]
