Rwanda will Connect Heavy Industries with Electricity at no Cost
Rwandan government will connect heavy industries with electricity at no cost as it seeks to ease the cost of setting up businesses in the country. This is a major reprieve [...]
Jim Yong Kim Resigns as World Bank President
Jim Yong Kim has resigned as the World Bank President six years after holding the position. He will leave the office on February 2019, three years before his retirement scheduled [...]The Design for African Passport to be Unveiled in February AU
The move to introduce a common passport that will grant visa-free access to all African countries inched closer with an announcement that African Union will present its recommendations during its [...]Alten Africa Ratifies the Choice of Voltalia to Build 40MW solar plant in Eldoret
Alten Africa will build a 40 megawatt solar plant in Eldoret, located in Uasin Gishu County. This will be its first utility scale project in Kenya and one of the [...]Kenyan Treasury Reduces Annual Revenue Target by 5%
The Ministry of Treasury has reduced the country's revenue target for this fiscal year by 5 per cent to Ksh1.61 trillion. This is the second year in a row the [...]Inflation Rate Increases to 5.71 During December 2018 due to Christmas Festivities KNBS
Consumer prices increased significantly in the month of December 2018, compared to similar period last year, pushing inflation by 26.8 per cent to register 5.71, says Kenya National Bureau of [...]CBK Invites Bids for 2-Year and 15-Year Ksh40Bn Treasury Bond
The Central Bank of Kenya has invited bids for a 2-year and a 15-year Fixed Coupon Treasury Bonds worth Ksh40 billion at coupon rates to be determined by the market. [...]Britam’s 2018 Net Earnings to be 25 per cent Less than Ksh527M
Britam Holdings says its net earnings for 2018 will be 25 per cent less than Ksh527.4 million it recorded in the previous year, due to poor stock performance and a [...]CMA Cautions the Public against Kenicoin Initial Coin Offering and Trading
Capital Markets Authority has cautioned the public against Kenicoin initial coin offering and trading, an exchange aggressively floated by Wiseman Talent Ventures. In a bid to protect investors, CMA noted [...]HORECA Appoints Provisional Liquidators Pending Insolvency Petition
HORECA Kenya Limited, privately owned Food distribution company, has appointed provisional liquidators pending hearing and determination of insolvency petition. EY Kenya's Julius Mumo Ngonga and Anthony Makenzi Muthusi will be [...]IM Directors Approve Ksh1.6B Dividends Payout
IM Holdings PLC has approved Ksh1.6 billion dividends payout, a public announcement from the firm has said. The directors have approved payment of an interim dividend of Ksh3.90 per ordinary [...]M-KOPA Receives Financial Backing from Japan’s Sumitomo Corporation
Sumitomo Corporation, a Japanese-based conglomerate with its head office in Chlyoda-ku, Tokyo, has invested in M-KOPA Holdings Limited, the pay-as-you-go' solar and finance platform. Through this investment, Sumitomo aims to [...]
