Fitch Revises Kenya's Outlook to Stable; Affirms at B+'
A few weeks before the 2017 August 8th elections, Fitch Ratings had affirmed Kenya’s ratings at ‘B+’ and said that the outlook remained negative. However, in February 2018, the rating [...]
Kenya’s Tourism Sector Recorded 20.3% Growth In 2017
Kenya’s tourism sector recorded a double-digit rise in earnings in 2017 to record just under KSh. 120 billion in revenue receipts. This denotes a 20.3 percent growth in review compared [...]
Tullow's 2017 Results Target Proposed First Oil for 2021/22
Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, has announced its full-year results for the year ended 31 December 2017. Mark MacFarlane, Executive Vice President [...]EAPI Predicts a Good Year for Kenya’s Real Estate
Kfir Rusin, managing director East Africa Property Investment (EAPI) Summit says that Kenya will set the agenda for the region's real estate sector. “Kenya is once again at the top [...]US Conglomerate seeks to buy out Unga Group minority shareholders at 37% premium
New York Stock Exchange listed Seaboard Corporation limited is seeking to buy out minorities in Kenya's Unga Group Holdings under a proposed scheme of arrangement in which it will offer a [...]Price of 2nd-hand Imported Cars to Surge 43% with New KRA Tax Formula
The price of used imported cars could surge due to increased taxation. The Car Importers Association of Kenya (CIAK) estimates a 43 percent increase in retail prices this year with [...]Kenya Ports Authority introduces rebates to boost SGR Cargo offering
Kenya Ports Authority (KPA) has directed importers to transport un-nominated cargo (about 11 percent of import cargo) from the port of Mombasa to Nairobi through SGR. The decision comes at [...]ICT Ministry Invites Applications to the Blockchain AI Task Force
Last month, ICT Cabinet Secretary Joe Mucheru announced the ministry’s plans to create a blockchain and Artificial Intelligence (AI) task force. The ministry has now called interested persons who wish [...]Microsoft unveils First AppFactory in Kenya
The first AppFactory in Kenya was launched at United States International University – Africa (USIU-Africa) on 7th February 2018. The program was made possible through collaboration between the university and [...]Regulator approves License for Kenya's First Online Forex Broker
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Execution Point Limited to operate as a Non Dealing Online Foreign Exchange Broker [...]Kenya Bankers to unveil Inuka na SME; Free Training program targeting SMEs
The Kenya Bankers Association (KBA) is set to soon launch a capacity building program seeking to equip MSMEs with the necessary skills to grow, scale and manage their business organization. [...]Coop Bank emerges overall winner of Catalyst Awards
The Co-operative Bank of Kenya has been declared this year’s overall winner of the Sustainable Finance Catalyst Awards for banks and other financial sector players hosted by the Kenya Bankers [...]
