KAA officials raise concern over proposed takeover of JKIA by Kenya Airways
Kenya Airports Authority is skeptical about the merger between Kenya Airways and JKIA. The agency presented a report to parliamentarians raising questions on KQ’s ability to run the country’s main [...]
Kenya Airways loses KSh202 million every month to its Boeing 777
Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the [...]Kenya Top Funding hub for tech startups with Sh 35 Billion raise in 2018
In 2018, Kenyan technology startups secured $348 million (~KSh35 billion) in funding, the highest amount among African countries. This is according to Partech Africa report which focused on start-ups whose [...]WPP Scangroup’s earnings jump 28% to Sh612 million, issues special bonus
Listed advertising and communication firm WPP Scangroup recorded a 28 percent improvement in net profit in 2018 from KSh478 million to KSh612 million. The company whose operations run in 25 [...]Active accounts at the CDSC decline by 25%
The Central Depository and Settlement Corporation experienced a massive decrease in the number of active CDS accounts from 1,527,834 in 2016 to 1,150,270 in 2017. The decline was due to [...]Britam Asset Managers Endorse Govt's plan to set up Sovereign Wealth Fund
Britam asset managers has endorsed Government's plan to set up structures for Kenya’s Sovereign Wealth Fund (SWF) saying it will yield benefits to the country. Britam Asset Managers’ chief executive [...]
Press Release; KCB Bank Kenya Taps More Payment Options in Link up with UnionPay
Press Release; KCB Bank Kenya in partnership with Union Pay, one of the world's leading payment service providers have yet again enhanced the payment options for their local and international [...]
Chinese firm launches Sh 4.5 Billion Plastic Recycling Plant in Kenya
A Chinese firm, Weeco recycling company , has launched a Kshs4.5 billion recycling company in Athi River and Mombasa that collect and recycle plastic bottles which are later converted into [...]Kenyan Agriculture-Dependant Households Contribute 31.4% to Poverty Reduction
Kenyan households that are engaged in agriculture contributed 31.4% to the reduction of rural poverty, and agriculture remains the largest income source for both poor and non-poor households in rural [...]Mobile lender Branch International Raises $170M led by Visa
Mobile lending Branch International has raised $170M series C financing led by Foundation Capital and Visa among other investors in a bid to expand the access of finances across Africa [...]How PayPal and the UK Government are nudging Kenyan Online Workers to use Bitcoin
A spat between the UK government, Paypal and Kenya freelancers has got everyone mixing up issues. “Thousands of jobless graduates from Kenya who help lazy university students in developed countries [...]
Nairobi County's Revenue Management System to be Ready by July
Nairobi County is working on its own Integrated City Revenue Management System which will be ready by the beginning of 2019-20 financial year in July, ICT Chief officer Halkano Waqo [...]
