Development of 165.4mw Olkaria V Plant 75% complete
Development of the 165.4MW Olkaria V Geothermal Power Plant is 75 per cent complete and on-schedule, this is according to KenGen’s Managing Director Mrs Rebecca Miano. Two generator units, each weighing [...]
Study Shows Kenya Losing $900M To Trade Misinvoicing
Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss of revenue to the government was $907 million for the year, according to a new study by [...]Kenya's Entertainment, Media Industry To Hit $2.9 billion by 2022
The Kenyan media and entertainment industry grew 17% to reach US$1.7 billion in 2017, mainly propelled by growth in the internet sector, according to the latest PricewaterhouseCoopers (PwC)’s Entertainment and Media Outlook. The [...]Zuku's Parent Company is Up for Sale!
Zuku's parent firm Wananchi Group has reportedly hired a US-based financial advisor Lazard Ltd to look for potential buyers as it plans to sell itself, Bloomberg reported, citing people familiar with [...]Technology Among Key Policies For CMA In New Proposals
The Capital Markets Authority (CMA) has embarked on an annual policy proposal aimed at creating an enabling environment for Capital Markets development. Speaking during this year’s policy roundtable forum, the [...]
World Bank Lauds Kenya On Social Protection Program
The World Bank has applauded Kenya’s Efforts to cushion its most vulnerable population from extreme poverty. The lender says the efforts have been successful, with more than 60 per cent [...]Chronic Illness New Niche For UAP
UAP insurance is set to cover Chronic illness in a new insurance cover targeted at easing its customer’s treatment burden. The new cover will see the insurance firm pay out [...]Cut Recurrent Expenditure Not Devt; World Bank Tells Kenya
The World Bank is now warning Kenya on cutting expenditure meant for development saying it will only slow down the county's growth but rather Kenya should cut spending in the [...]Egypt smartphone maker plans to expand into Kenya
According to Reuters, Silicon Industries Corporation (SICO), Egypt’s first smartphone maker has announced its expansion plan to enter seven new African countries; Kenya, Nigeria, Morocco, DR Congo, South Africa, Ghana, Nigeria and Mozambique. The [...]Total Kenya Launches 2nd Edition Of Entrepreneurial Challenge
Oil marketer Total Kenya Limited has launched the second edition of Startupper of the Year Challenges looking to grow entrepreneurship in over 55 countries. Speaking during the launch in Nairobi, [...]Barclays Kenya Unveils Digital Solution for SMEs under ESD Program
Barclays Bank of Kenya through its Enterprise and Supply Chain Development (ESD) unit has unveiled a digital solution that will allow SMEs that supply goods and services to corporate organisations to access funding. Barclays Kenya [...]Govt Embarks on Sh15 Bn Last Mile Connectivity Phase Three
The National Government has started the third phase of the last mile connectivity program which aims to connect more Kenyans to electricity in Nyandarua County. The exercise which is expected [...]
