Kenyans to Pay Higher Electricity Bills With New Tariffs
The Energy Regulatory Commission (ERC) has received criticism for the revised the electricity tariffs, which contrary to expectations, have added to the burden of Kenyans, particularly the middle-income consumers. Beginning [...]
Sokowatch closes $2Mn seed financing from 4DX Ventures
B2B E-commerce Company targeting informal retailers, Sokowatch has secured a seed investment of $2Mn led by 4DX Ventures alongside other investment firms including Village Global, Lynett Capital, Golden Palm Investments [...]EABL Full Year Net Profit Falls By 15% to Sh 7.3 Billion
East African Breweries Limited (EABL) has reported its full year financial results for the period ended June 2018 posting a 4.6 per cent growth in revenue to Ksh 73.5 Billion. [...]
HF Group to lay off 9% of its total work force as it aims to reduce operational costs
HF Group is planning to lay off 36 employees in a bid to restructure its operations. The firm says the restructuring is in line with the recently launched digital banking [...]Kenya's Commodities Exchange to be Operational by October 2018
The national commodity exchange will be operational by October according to Trade Cabinet Secretary Peter Munya. Speaking at the National Trade Week at KICC, Munya said the commodity exchange will [...]Official; Inchcape is the New Jaguar Land Rover Distributor in Kenya
Global automotive distributor Inchcape is the new Jaguar Land Rover (JLR) distributor after RMA Motors’ exit from the Kenyan market. RMA Motors Kenya was appointed JLR’s distributor in 2013 and [...]Kenya Has the 2nd Fastest Broadband Speeds in Africa Cable Report 2018
Kenya has the second fastest broadband speeds in Africa after Madagascar according to a report by UK's broadband provider Cable. Globally, Madagascar ranked 22 while Kenya dropped 13 places from [...]July inflation Hits 4.35% As CBK Cuts Key rate by 50 Bps
The Kenya National Bureau of Statistics has released monthly consumer price indices and rates of inflation for July 2018. Overall y/y inflation reached 4.35 compared to 7.47% in the same [...]CMA Wants Former NBK CEO Munir Sheikh's Application for an Order of Stay Denied
The Capital Markets Authority (CMA) wants the court to deny Munir Sheikh's application for a stay order because the enforcement action has already been implemented and that it will not [...]Kwale based Titanium miner Base Resources records 22% drop in sales
Australian mining firm Base Resources which mines titanium in Kwale, has reported a sales drop of 5 per cent in the quarter to Junes this year due to low production. [...]Kenya Airways Launches Its Revamped Catering Service
Kenya Airways has unveiled its revamped catering service which is part of the airline’s strategy to review and enhance its service delivery across all touch points. The new catering service [...]Communication Barriers Blamed for Low Skills Transfer From Chinese to Kenyans Working on SGR
The Chinese Ambassador to Kenya Sun Baohong has said communication barriers between Kenyans and Chinese in the construction of Standard Gauge Railway (SGR) has slowed down the skills transfer from [...]
