Barclays' Timiza Hits 2.7 Million users
Barclays Bank's Timiza mobile app has registered 2.7 million customers barely a year after its introduced in Kenyan market. The app, which allows customers to access instant loans, deposit funds, pay [...]
AfCTA Expected to Boost Intra-African Trade by 50%
The African Continental Free Trade Area is expected to boost regional trade and industrialisation by 50 per cent if implemented in March 2018. The agreement, which was signed last March [...]Construction of KenGen's 83MW Olkaria Geothermal Power Plant Commences
The construction of 83MW geothermal power plant in Olkaria took shape on 4 December 2018 after President Uhuru Kenyatta broke the ground for the green project. The Olkaria 1 Additional [...]Oman’s Raysut Eyes ARM Cement, Kampala Cement, in Eastern Africa Expansion Drive
Oman’s Raysut Cement Company has expressed a $100 millon interest to administrators of the ailing ARM Cement as part of its investment strategy to triple its production capacity to 20 [...]Qatar to Leave OPEC By January 2019
Qatar's Minister of Energy has said that the country will leave the Organsiation of the Petroleum Exporting Countries by January 2019. Addressing a news conference in Doha, Saad Sherida Al-Kaabi said [...]Joe Sang’s Tenure At Kenya Pipeline Comes To An End
KENYA PIPELINE COMPANY LIMITED’s managing director Joe Sang will not be renewing his second term at the helm of the firm, the board of directors has learnt Tuesday morning. In [...]Mumias Sugar To Delay Release of Financial Results
MUMIAS SUGAR COMPANY LIMITED says it has requested the Capital Markets Authority more time before it can publish its 30 June 2019 audited accounts as it awaits recommendation from a [...]CBK Invites Bids for 10-Year Ksh40Bn Treasury Bond
The Central Bank of Kenya has invited bids for a 10-year Fixed Coupon Treasury Bond worth Sh40 billion at a coupon rate to be determined by the market. CBK said [...]Kenya Starts Process of Ratifying the AFCAC's Revised Constitution
The National Assembly has called upon the members of the public to present their views on the ratification of the Revised Constitution of the African Civil Aviation Commission for approval [...]#InukaSME Tweet Chat with Kenya Bankers Association and Kenyan Wall Street
The Kenya Bankers Association and Kenyan Wall Street partnered on 30 November 2018 to educate business owners on financial management through #InukaSME Twitter chat. The full day initiative saw Kenyans learn [...]Small Businesses to start Paying Presumptive Tax from January 2019
Small enterprises in all counties will start paying 15 per cent of the business permit fee or license from 1 January 2019, the tax Czar has proclaimed. In a notice [...]#MatatuCBDBan Was a Tower of Babel
Monday morning, Nairobi was a tower of Babel as commuters, the transport industry and the traffic marshals were at loss on how to implement the regulations banning matatus from entering [...]
