Central Bank Retains Key Rate at 9%
The Central Bank of Kenya has retained its benchmark lending rate at 9.0 per cent in an effort to caution against inflation following the implementation of the 8 per cent [...]
Alibaba To Help Wildlife Conservation In Kenya
The Ministry of tourism and wildlife and Alibaba Group through its cloud-computing arm are set to collaborate on a strategy to deploy cloud computing technology to help in wildlife protection [...]British Airways Changes Commercial Team Heads In Kenya East Africa
British Airways has announced the appointment of Sue Petrie and Cristina Graham to lead the airline's commercial team in Kenya and East Africa replacing Kevin Leung, who was the country [...]KRA Sugar importer Settle Sh 2.5b Tax Dispute Out of Court
The Kenya Revenue Authority (KRA) will release the 40,000 metric tonnes of sugar owned by Darasa Investment Limited in a settlement outside the court according to an official statement. The [...]Port Traffic Increases Despite Congestion At ICD Nairobi
Transportation through the Kenyan port continues to grow even as the port struggle to find storage and keep up with the growing numbers. According to the managing director Kenya Ports [...]Privatization Of Sugar Mills Only Way to Save The Industry Expert
The Kenya sugar industry is largely state-owned with the government controlling upwards of 51 per cent stake in major mills. However experts are now calling on the government to consider [...]Kenya Records 68% Growth in Guest Arrivals through Airbnb Listings
According to a recent report by Airbnb, the year-on-year growth in guest arrivals in Africa is strong in countries like Kenya at 68 per cent, South Africa at 65 per [...]GDP in Kenya Grew by 4.9% in 2017; Number of Jobs Hit 16.9m
Kenya’s gross domestic product grew by 4.9 per cent in 2017 according to data from the Kenya National Bureau of Statistics (KNBS) Economic Survey 2018. Last year, industries such as [...]New Tax Measures Won't Affect Safaricom's Performance Citi
Last week, Safaricom's share price dipped by more than 10 per cent after the Government, under the Finance Bill 2018, introduced an 8 per cent VAT on petroleum products, 20 [...]Audit Firms Accused of Corruption Conspiracy with State Owned Energy Firms
Earlier this month, the National Assembly Public Investments Committee questioned the discrepancies between Directorate of Criminal Investigations (DCI) investigations and audit reports of parastatal books under the Ministry of Energy. [...]Ex-KenGen MD Albert Mugo Appointed to Africa50 Board
Former KenGen managing director and chief executive Albert Mugo has been appointed to the Africa50 Board as an independent member along with four other people. The appointment comes after Kenya [...]Inchcape Kenya Secures BMW Franchise; Simba Corp Loses Out
Inchcape Kenya has acquired the BMW car dealership, a move that has seen Simba Corporation lose the franchise according to the Business Daily. The news comes after Inchcape Kenya became [...]
