Fresh Produce Exports Contribute Sh115.25B in 2017
Fresh Produce Consortium (FPC) of Kenya, a trade association in the fresh produce sector, has announced that Kenya earned Sh115.25 billion from fresh produce exports in 2017. This is an [...]
Govt is Examining the Blockchain to Stop Illicit Cash Transfers President Uhuru
The government is examining the blockchain to stop illicit cash transfers according to President Uhuru. Speaking at the Chatham House in London on Tuesday the President said the government is [...]Kenya Power to Increase Revenue with Outdoor Meters
Kenya Power has introduced an outdoor meter installation project for large power consumers to increase revenue collection from. The company has invested Sh3.2 billion in the outdoor and in-house installation [...]Carrefour officially Opens Sarit Center Branch
Carrefour, the French hypermarket, has opened its fifth outlet at the Sarit Center shopping mall in Nairobi, occupying the space that was vacated by Uchumi Supermarket. However, once the new [...]Tala Secures Sh6.5B in Series C Funding to Boost its Lending Services
Tala, one of Kenya's leading mobile lending apps has announced that it has acquired Sh6.5 billion in its Series C funding. The funds will be used in product development, increasing [...]Interview; BitPesa Takes the Lead in Intra-African Trade as it Plans to Expand to North Africa, SA Middle East
BitPesa is facilitating intra-African trade through its cross-border and foreign exchange platform that offers low-cost money transfers to corporations, SMEs, and individuals. The company, which was founded in Nairobi, has [...]Safaricom Stock downgraded again ahead of Full Year Results in May
Safaricom investors took another blow after local stockbroker Sterling Capital downgraded the stock ahead of the telco's full year earnings report scheduled for 9th May 2018. According to Sterling Capital [...]
Twiga Foods to Offer Blockchain-Based Microloans to Food Kiosk Owners in Kenya
Twiga Foods has introduced a blockchain-based microfinancing product that is accessible by 220 food stall retailers across Kenya. The blockchain-based product has been released at a time when the government [...]Nation Media Group reports 17.4% decline in Earnings, dividend retained
Nation Media Group has released its full year 2017 results with performance declining for the 5th consecutive year. The listed media house said the prolonged elections led to a fall [...]Pakistan's Bank Al-Habib marks entry into Africa with Kenya representative office
The Central Bank of Kenya has allowed Pakistan's Bank Al-Habib Ltd to open a Representative Office in Kenya that will be engaged primarily in promoting the bank's products and services. [...]Air Transport Union to Take Industrial Action Against KQ Over Sacked Nigerian Workers
Nigeria’s National Union of Air Transport Employees (NUATE) plans to take industrial action against the management of Kenya Airways (KQ) after the latter fired 22 Nigerians. According to Olayinka Abioye, [...]National Oil Schlumberger in Partnership to Create Lokichar Field Devt Plan
The National Oil Corporation of Kenya is in a partnership with Schlumberger Limited, a US-based oilfield services company, to create a field development plan for the Lokichar oil discoveries. The [...]
