African Startups Urged to Secure up to $100K Funding from Ingressive Capital
Ingressive Capital has asked startups in sub-Saharan Africa to apply for its funding between $50,000 and $100,000. The venture capital, part of an African investment advisory firm Ingressive LLC, says [...]
CAK’s Intervention in Mobile Money Payments Bears Fruit
In 2016, the Competition Authority of Kenya created a law requiring all mobile service providers and banks to disclose fees charged on mobile-based transactions. The law was meant to protect [...]
Mergers Contributed Ksh66Bn to Kenya’s Economy in 2018 CAK
The Competition Authority of Kenya has released its annual report for the financial year 2018. In that period, the authority received 150 merger notifications which is an improvement from the [...]KRA Clarifies on Corporate Taxation of Untaxed Profits
The Kenya Revenue Authority has issued a clarification on section 7A of the finance Act 2018 regarding the taxation of untaxed profits distributed as dividends. Through a public notice, the [...]Kenya’s Tea Export Surpasses that of India
Kenya’s tea export is higher than that of India, despite having a combined 13 per cent of the world’s production with Sri Lanka compared to India’s 23 per cent. India’s [...]As Little Shuttle Increases its Fleet, other Firms are Joining the Bus-Sharing Market
A week after Little Shuttle commenced its operations in Nairobi; an Egypt-based startup may be soon joining the nascent bus-sharing market space. Swvl, which received $38 million in funding last [...]Telkom- Airtel Joint Venture to Offer Enhanced Market Competition Citi
Telkom-Airtel joint venture, announced last week, is an incentive to enhanced market competition in the telecommunications marlet. “The combination of two small players with a combined subscriber share of 30%, [...]KenGen to Increase Power Capacity at Ngong Wind farm by 10 MW
KenGen is planning to construct additional turbines at its Ngong wind farm that will increase power output by 10 megawatts. An environmental impact assessment study report KenGen filed with the [...]Kenya, Rwanda Tanzania Among Africa's Most Attractive Investment Destinations in 2019 RMB
A new study by South Africa’s Rand Merchant Bank has ranked Kenya, Rwanda and Tanzania among Africa’s most attractive destinations in 2019 taking fifth, sixth and seventh positions respectively. The [...]Airtel and Telkom Announce Merger Plans
Telkom Kenya andAirtelhave released the official statement on their planned merger. The two mobile service providers have signed a binding agreement to merge their Kenyan operations in mobile, enterprise and [...]KBA to Support Govt as 5 Banks, Officials, Individuals and Entities Recommended for Money Laundering Charges by ODPP
Kenya Bankers Association says it will continue to support the government in fight against money laundering, as the Office of the Director of Public Prosecutions recommends for prosecution against five [...]Wanjiku Mugane Appointed Senior Advisor for AIIM
African Infrastructure Investment Managers has appointed Wanjiku Mugane as its senior advisor in Kenya. Ms Mugane will be working closely with the AIIM investment team, delivering market insights and supporting [...]
