Opportunity Galore for Startups to Scale Up their Growth in 2019
Startups in Kenya and the regional market have an opportunity to scale up their growth in 2019 following invitation to participate in three key programs: Meltwater Entrepreneurial School of Technology [...]
KRA Set to Raise Revenue through a 3-year Blueprint
The Kenya Revenue Authority is set to raise revenue to GDP ratio to 19.2 per cent in 2020/21 from the current 18.3 per cent in 2017/18. Through its 7th Corporate Plan [...]Kenyan Govt Establishes an Agency to Curb duplication of Projects
The government has established Public Investment Management unit to enhance its efforts to curb duplication of projects that for long have served as conduits of corruption. The move also considers [...]
Moody’s Downgrades Kenya’s Creditworthiness a Notch Lower
Moody’s Investors Service has downgraded Kenya’s sovereign creditworthiness for 2019 a notch lower due to rising liquidity risk, increased external vulnerability and higher reliance on commercial external debt. Kenya now [...]It is a Buy for Safaricom CITI
A report by Citi recommends a buy for Kenya’s leading mobile operator. This is based on expected growth in MPesa revenues, increased partnership with the Kenyan government, improved regulatory environment, [...]
MP Proposes Amendment to Interest Rate Cap as Loans to SMEs Shrink
Gatundu South, Kiambu County, Member of Parliament Moses Kuria has proposed an amendment to the Banking Act which had capped the interest rates that banks can charge on loans at a [...]Centum’s positive outlook in 2019
Some analysts have predicted a dark 2019; high unemployment rates, high cost of production, low returns, and so on. However, Centum’s CEO Mr. James Mworia will have none of that. [...]How is Fuliza different from Mshwari and KCB Mpesa?
In case you have not heard, Fuliza is the new buzz in town. It is Safaricom’s newest mobile phone based overdraft facility. “How is it different from Mshwari and KCB [...]NSE to Upgrade its Systems after a Trading Hitch
The Nairobi Securities Exchange will acquire a new electronic trading system to replace the old system it currently uses. According to NSE’s chief executive Mr. Geoffrey Odundo, the system will [...]Relief for Consumers as fuel Prices Drop
The Energy Regulatory Commission has announced diesel prices will dip by Ksh10 per litre for the next one month, promising a lower cost of living. In its monthly fuel review, [...]President Kenyatta's Big 4 Agenda at Stake After Courts Suspend Formation of Housing Fund Advisory Board
President Uhuru Kenyatta’s Big Four Agenda has been curtailed after the courts suspended the formation of an advisory board that would manage the National Housing Development Fund. The future of [...]Unconfirmed: Airtel in talks to Aquire Telkom Kenya
Bharti Airtel, the Indian mobile service provider, is in talks to acquire Telkom Kenya a year after the two telcos unsuccesfully attempted a merger, according to reports by Reuters. The [...]
