Kenya’s GDP expected to hit 5.7% despite debt burden
According to the Institute of Chartered Accountants in England and Wales (ICAEW) latest report, Kenya’s GDP is expected to reach 5.7% in 2018 up from 4.9% last year despite an [...]
Kenya Could Become Dependent on Food Imports From 2020, Says Report
Kenya could heavily depend on food imports from 2020 if proper measures are not implemented to feed the increasing population says a report by the Kenya Business Guide. The report [...]
Equity Bank's Finserve targets 500 developers for APIs
Equity Bank's wholly owned subsidiary Finserve Africa says it is targeting to have 500 developers from East and Central Africa to be actively using its application programming interface (APIs) by [...]Kenya Bankers Issues New tough rules to monitor large cash transactions
Bank customers will from now on be required to give a three-day notice in order to make over the counter transactions of more than Sh10 million according to the new [...]BOC Kenya Appoints Marion Gathoga-Mwangi as New Managing Director
BOC Kenya PLC, a member of global gas supplier Linde Group based in Munich, has named Ms Marion Gathoga-Mwangi as the new managing director after Ms Millicent Onyonyi resigned from [...]French cosmetics giant Yves Rocher set to open shop at The Hub Karen
The most popular cosmetic brand in France Yves Rocher has announced plans to set up its fourth Kenyan shop at The Hub Mall in Karen, Nairobi. As part of its [...]Meru Wind Farm Project to Begin in 2019, Says KenGen MD
The construction of the Meru 400MW wind farm project will begin in 2019 according to the Kenya Electricity Generating Company (KenGen) managing director Rebecca Miano. Ms Miano said the company [...]French Devt Agency Partners with Heva Fund to Invest Sh 90M In Kenya's Creative Industry
The Agence Française de Développement (AFD) has signed a cooperation agreement with HEVA Fund to advance credit and technical assistance in a project worth KES 90 million (EUR 800,000) in [...]Kenyan Banks Optimistic About Private Sector Credit Growth
Kenyan commercial banks expect lending in the private sector to go up in the second half of 2018, and consequently borrowing, thanks to the improvement of economic activities according to [...]Kenya Airways Starts discussions on taking over KAA, plans to hedge fuel prices
Kenya Airways has begun negotiations to take over the management of KAA (Kenya Airports Authority) following cabinet approval last month. KQ's management confirmed this at the airline's Annual General meeting [...]KRA Backs Proposal to Simplify Tax System to Boost Revenue Collection
The Kenya Revenue Authority (KRA) has accepted the National Treasury’s proposal to simplify the tax system in the country citing that it will result in a more inclusive model that [...]Bancor to Launch Blockchain-Based Community Currencies in Kenya
Bancor in partnership with non-profit foundation Grassroots Economics is launching blockchain-based community currencies in Kenya saying this is aimed at fighting poverty. In a statement, the company said the pilot [...]
