Air France to add two weekly flights to Nairobi
French national carrier Air France has said it will add two additional weekly flights between Charles de Gaulle Airport and Jomo Kenyatta International Airport in order to boost its expansion [...]
Gov't Plans to Sell KMC to Private Investor
Government is now seeking to sell Kenya Meat Commission to a private investor who will inject capital to revive the loss making parastatal. The country's Agriculture Cabinet Secretary Kiunjuiri says [...]Kenol Kobil takeover by Rubis Energie 97% successful
Rubis energie has announced exemplary performance of its takeover bid for Kenol Kobil shares. Investors in Kenol Kobil offered 1,145,757,700 shares up for sale; equivalent to 96.85 percent of shares [...]
Good news for importers as Kenya Shilling strengthens
The value of the Kenyan shilling yesterday appreciated to levels last seen in July 2015. At some point, it exchanged for 99.75 to 1 US dollar. The rise in value [...]Kenyan lawmakers seek regulation of mobile-based lenders
Kenya has approximately 45 digital lending platforms which provide quick and easily accessible loans to individuals and small businesses. The industry remains largely unregulated and most of the lenders attach [...]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 [...]
