CMA Joins a Global Network of Regulators Committed to Fintech Innovation
The Capital Markets Authority has joined a Global Financial Innovation Network, an international network of 29 financial services regulators, and related organisations, committed to supporting financial innovation. GFIN seeks to provide [...]
KBL's Ksh14Bn Kisumu Brewery to be Operational Soon
The Ksh14 billion Kisumu breweries plant is in the final stages to become operational. Kenya Breweries Limited team is on site for final test runs before the production of Senator [...]
Operations at JKIA to be Affected by Impending Industrial Action by Airport Workers
Operations at the Jomo Kenyatta International Airport are expected to be grounded tomorrow, as Kenya Aviation Workers Union remains adamant that they will proceed with their strike to protest the [...]UNOPS Partners with Kenyan Govt to Deliver 100K Affordable Housing Units
United Nations Office for Project Services has partnered with Uhuru Kenyatta’s government to deliver at least 100,000 affordable and sustainable homes across the country. As part of the agreement, UNOPS [...]Barclays Bank of Kenya Will Rebrand to Absa Kenya in 2020, and not anytime before Matlare
Barclays Bank of Kenya will rebrand to Absa Kenya in 2020, and not anytime before. The Group Deputy CEO Peter Matlare says that the transitioning period requires an “important process [...]Wind Production in Kenya Surpasses Thermal Generation
Wind energy has surpassed thermal generation in Kenya, signalling the end of era of high cost of electricity due to the reliance of diesel-power generation of energy. Electricity from wind [...]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 [...]
