GreenTec Capital invests in Kenya’s Bismart insurance tech startup
German based GreenTec Capital has announced its investment into Bismart Insurance from Kenya. The company plans on leveraging on cutting edge technology, whereby Bismart Insurance provides a digital interface to [...]
CBK to Begin new Process of Seeking Imperial Bank Investor
The Central Bank of Kenya (CBK) is set to begin searching for a new investor to take over Imperial Bank, a move that could see the bank’s customers wait longer [...]Nairobi Securities Launches Pilot Phase of the Derivatives Market
The Nairobi Securities Exchange (NSE) has launched the pilot stage of the derivatives market which had been delayed because of unawareness and limited interest from investors. The exchange has been [...]Savannah Cement partners with new firm to boost supply of ready mix concrete
New firm Alliance Concrete Limited has signed up an exclusive supply partnership with Savannah Cement to provide ready mix concrete in Nairobi and its environs. Alliance Concrete Limited whose consortium [...]Kenya Ranks Third in Sub-Saharan Africa on the Global Innovation Index 2018
The Global Innovative Index (GII) 2018 has ranked Kenya third in Sub-Saharan Africa in terms of innovation. The GII ranks South Africa as the most innovative country in Sub-Saharan Africa [...]Kenyan Govt Sets Aside Sh145m to Revive Coastal Mango Processing Plant
The Coast Development Authority (CDA) plans to resuscitate the Galole Integrated Fruit Processing Plant which will significantly help mango farmers in Tana River County. CDA managing director Mohamed Keinan said [...]Kenya's First Licensed Forex Broker Begins Operations
EGM Securities, Kenya’s first and only regulated non-dealing online forex broker, has officially began operations in the country following the launch of its online forex trading platform which is enables [...]
KenGen seeking to raise Sh 5.7 billion for 45 megawatt solar plant
KenGen is planning to raise Ksh 5.7 billion for the proposed 45-megawatt solar plant which is expected to be complete in 14 months. The electricity producing company is seeking funds [...]Construction of Mombasa Port Bridge is Complete
Construction of the 250 metres bridge connecting the port of Mombasa to the standard gauge railway (SGR) Mombasa terminus is now complete. The bridge will link to a rail extension [...]Kenya's Cement Consumption Continues with Downward Trend in Q2 2018
The consumption of cement in Kenya dropped to 1.4 million tonnes in the second quarter of 2018 indicating slow activity in the real estate sector. In the first quarter of [...]KPC completes construction of sh 5.3Bn storage tanks to facilitate new Mombasa-Nairobi Pipeline
The Kenya Pipeline Company says construction of the Ksh 5.3 billion storage tanks that will be used to facilitate new Mombasa-Nairobi pipeline is complete. The tanks will provide receipt of [...]Govt to construct sh 3 billion modern market in Gikomba
Deputy President William Ruto has revealed that the Government is planning to construct a modern Gikomba market at a cost of Ksh 3 billion over the next 2 years. This [...]
