Partech African Fund, Largest VC Firm Dedicated to Tech Startups, Opens Nairobi Office
Partech Africa Fund, a venture capital vehicle dedicated to technology startups in the continent, will open its first office in Kenya. Run by Silicon-based Partech, PAF has its presence in [...]
Kenya's Inflation Rate Decreases to 4.7% in January, the Lowest in 5 Months
Kenya’s inflation rate fell to 4.70 percent in January from 5.71 percent in December as the prices of food, housing and transport depreciated. It is the lowest since August 2018, [...]Port of Mombasa Registers 9.8% Container Traffic Growth in 2018
The Port of Mombasa experienced a 9.8 per cent container traffic growth registering 1,306,283 twenty foot equivalent units an inexact unit of cargo capacity often used to describe the [...]CBA and NIC Merger a Credit Positive – Moody’s
The planned merger between Commercial Bank of Africa Ltd and NIC Group Plc is a credit positive for the two banks, says Moody’s Investor Service. This is because it will [...]Kenya's FDI Reduce by 57%, the Lowest Level in Years UNCTAD
Kenya saw its Foreign Direct Investments reduce to the lowest level in years, attributed mainly to global economic uncertainity. According to a report by United Nations Conference on Trade and [...]
Solarcentury to Install 652kWp Solar Roofing System at Galleria Mall
Galleria Mall has contracted Solarcentury to provide it with a 652kWp solar project which will be installed on the roof of the shopping centre and provide 50 per cent of [...]Safaricom to Replace Manual M-Pesa Transaction Books with Digital Registers to Enhance Information Privacy
Safaricom says it will replace manual M-Pesa transaction books with digital registers by the end of the year to enhance information privacy of its customers. Amon Ngechu, Senior Manager, Financial Systems [...]CMA Extends Deacons Share Suspension for 10 Months
The suspension of Deacons EA Plc (under administration) from trading its shares at the Nairobi Securities Exchange has been extended by the Capital Markets Authority until 30 November 2019. The [...]CBA Group NIC Bank Boards Approve Merger Deal
The boards of CBA Group and NIC Bank have approved a merger between the two entities, creating one of Africa's largest banks by customer numbers (40 Million +) with more [...]Airport's Lobby Group Calls for Industry Action Against the Impending KAA KQ Merger
Workers drawn from the Kenya Aviation Workers Union have issued a strike notice against the impending takeover of Jomo Kenyatta International Airport by Kenya Airways. Kawu says its members will [...]CMA Invites Public to Deliberate on the Private Offer's Guidelines
The Capital Markets Authority is inviting comments from the public and other stakeholders on the draft Information Notice used to make private offers by 15 February 2019. Private Offers are [...]
Deacons CEO Blames Late Opening of Two Rivers Mall as the Genesis of its Financial Woes
Deacons East Africa ’s (under administration) CEO Muchiri Wahome says delay in opening Two Rivers Mall is to blame for the company’s financial woes. The fashion retail company planned to [...]
