Kenyatta and Magufuli To Launch Namanga One Stop Border Post
Uhuru Kenyatta and John Maghufuli will on 1 December launch the Namanga One Stop Border Post, marking a huge milestone in trade facilitation across East African Community. The launch of [...]
Kenya's Life Expectancy Increases by 8.5 years UNECA
Life expectancy for Kenyans and Rwandans has increased by 8.5 years while the average life expectancy in East African region by 5.3 years over the past decade, this is according [...]Tanzania's Central Bank Suspends 5 Banks From Forex Trading
Bank of Tanzania has suspended five commercial banks from trading in the interbank forex exchange market (IFEM) for a month, as part of its ongoing regulatory measures to subdue irregular [...]CBK retains CBR at 9%
Central Bank of Kenya's Monetary Policy Committee met on 27 November 2018 and maintained the key lending rate at 9 per cent citing a relatively stable macroeconomic environment, despite pressure on [...]
Eaagads Registers KES46.6M H1 Loss After Tax
Eaagads Limited (NSE: EGAD) announced its half year results for the six months ended 30 September 2018, reporting an after tax loss of Ksh46.6 million.This was mainly attributed to a [...]Jambojet appoints Allan Kilavuka from GE as its new MD
Low-cost carrier, Jambojet has appointed Mr. Allan Kilavuka as the new managing director and chief executive effective 1 January, 2019. Prior to his appointment, Allan Kilavuka served at General Electric (GE), [...]Centum Half Year Earnings Up 27% on PE Unit Growth
NSE Kenya listed firm Centum Investment has announced its first half of the year results, recording a 27% growth in net profit to Ksh2.08 billion mainly driven by an 85.8% [...]Family Bank partners with SimbaPay to launch instant transfers to China’s WeChat
Family Bank has partnered with London-based financial technology firm SimbaPay to launch an instant money transfer service from Kenya to China through WeChat – a service that will connect to [...]Equity Bank Targets SMEs And Corporates With New Online FX Trading Platform
Equity Bank has launched a new Online Forex Trading Platform targeting SMEs and corporates with a view of easing the amount of time they use to get their orders completed. [...]Carrefour to Sell Groceries through Jumia
Carrefour Kenya has signed a partnership with online shopping company Jumia to sell its groceries and some household goods on the e-commerce platform starting early January 2019. In a statement,Franck Moreau of Carrefour Kenya [...]MyCredit Mulling A Private Placement
MyCredit, a non-bank financial services company offering loans, guarantees, leasing and insurance services, is planning a private placement as it seeks to grow its business. The credit only finance company [...]High Operational Costs To Lock Out Informal Sector From Housing Fund PwC
High maintenance fees expected to be pegged on self-employed Kenyans will discourage them from participating in the government’s National Housing Development Fund initiative. NHDF, introduced by Uhuru Kenyatta’s government as [...]
