Kenya Govt partners with AFDB in delivery of Big 4 Agenda
The Government of Kenya and the African Development Bank (AFDB) have signed a $1.7 (Ksh 170.5 million) grant agreement aimed at enhancing the delivery of the Big 4 Agenda. The [...]
Kenya's Bitsoko Secures $100,000 Grant from the Bill Melinda Gates
Kenyan-based blockchain startup Bitsoko has secured a grant of $100,000 from the Bill and Melinda Gates Foundation through the Grand Challenges Explorations (GCE) initiative. The grant will enable the startup to [...]Burger King to open 4th outlet in Kenya
The second largest hamburger fast food restaurant ‘Burger King’ will is set to open its fourth outlet in Thika Road Mall (TRM). The chain food restaurant has 3 other out [...]Tullow Oil to resume drilling in Turkana after resolving dispute
Tullow Oil is expected to resume drilling in Turkana after the resolution of a dispute whereby the local community held protests for more than a month leading to the disruption [...]
Kenyan Fintech Startup Pezesha Secures Seed Funding to Scale its Operations
Kenya based peer to peer microlending marketplace Pezesha has secured a seed investment from Consonance Investment Managers to help it scale to East and West Africa. The company wants to [...]Ex-Jubilee Insurance Boss Patrick Tumbo named Sanlam Kenya Group CEO
Listed non-bank financial services firm, Sanlam Kenya has announced the appointment of Mr Patrick Tumbo as the firm’s Group Chief Executive officer with immediate effect. Mr. Tumbo takes over from [...]CBK Charter Proposes 20pc Increase in Lending to MSMEs by 2020
The Central Bank of Kenya has created the Kenya Banking Sector Charter with the aim of promoting a market-driven change in the banking sector and offer tangible benefits to Kenyans. [...]Tuskys Launches Initiative to Promote Local Manufacturers
Tuskys Mattresses Limited has launched an initiative to promote local manufacturers with the aim of allowing them to access the retailer’s shelves in its 65 branches in Kenya and Uganda. [...]Govt's Affordable Housing Project Overview Framework
In his final term in office President Uhuru Kenyatta came up with the Big Agenda focusing on affordable housing, Universal healthcare, Manufacturing and Food Nutrition Security. On affordable housing, [...]Kenya Takes 70% of East Africa PE Funds Inflows H1 2018
Private equity funds inflows into East Africa reached over Ksh 100 Billion in the last 7 month of 2018. Kenya is paving way in the sector accounting for Ksh 70 [...]SAP East Africa MD Gilbert Saggia Fired for Under-Performance
The managing director of SAP East Africa Dr Gilbert Saggia has stepped down effective immediately. A reliable source has told Kenyan Wall Street that Dr Saggia was shown the door [...]Visa Branch in micro credit partnership
Visa, the payments technology company, and Nairobi mobile-based money lender Branch International have announced a partnership under which the latter will offer financing to merchants who accept payment via Visa. [...]
