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 [...]KDIC Gives Trust Bank Ltd’s Depositors and Creditors Two Weeks to File Claims
In a notice dated 6th February 2018, the Kenya Deposit Insurance Corporation (KDIC) has declared its intention to make the 7th payment to other creditors and all depositors of Trust [...]Kenya to Float First Sovereign Green Bond in 2018/19
Treasury Economic Secretary Geoffrey Mwau has announced that the Government is looking at floating its first ever green bond in the 2018-2019 financial year. Treasury was set to float the [...]Mondo Ride raises $2M for expansion into Kampala Dar
Mondo Ride, a ride-hailing business founded in UAE but headquartered in Nairobi, has secured a $2M funding from UAE and Egypt bringing its total investment capital to $5M. As a [...]Kenya Airways launches Four weekly flights to Mauritius
Kenya Airways has launched four weekly flights to Mauritius saying this is part of its broad strategy to expand its footprint across Africa. This route will complement the existing operations [...]Chinese Companies Sign Sh9.6 Billion Contract In Turkana Power Line Deal
Kenya Electricity Transmission Company (KETRACO) has signed a contract with a group of Chinese companies after Isolux failed to complete the project to evacuate power from Lake Turkana Wind Power. [...]Tuskys Has Not Made a Profit Since 2012 claims major shareholder
Yusuf Mugweru, a shareholder of Tuskys Supermarket with a 17.5 percent stake, has objected to the proposed partnership between Nakumatt and Tuskys through his lawyers. The objection, which was based [...]Kenya's January PMI Unchanged
The composite Purchasing Managers' Index (PMI), produced by IHS Markit and Stanbic Bank, decreased slightly from 53.0 in December to 52.9 in January, the second highest figure over the last 12 [...]
