UAE’s carrier Emirates has stated that it is introducing a third daily flight between Dubai and Kenya’s capital from 1 June 2017.
World Trademark Review 1000 – The World's Leading Trademark Professionals has awarded a gold ranking to the Intellectual Property (IP) team at Bowmans in Kenya for the fifth consecutive year.
Taxation is perhaps one of the most frowned at concepts in small businesses, with the reasons being many and varied. To start with, it is perhaps one of the least understood concepts in modern Kenya and Africa,
Kenya’s national carrier Kenya Airways has started exporting cut flowers to Australia as it looks to diversify its revenue streams.
Jeffery Wilson is a Kenyan fashion entrepreneur who has built a name and business around bringing like minded entrepreneurs to celebrate the art of couture through his JW Fashion show.
Kenya’s capital Nairobi has been ranked the top most dynamic city in Africa and tenth in the world beating major cities including Los Angeles, Sydney, Dubai and New York, according to the JLL 2017 City Momentum Index.
Integrated digital payment and commerce company Interswitch Group has appointed Paul Mwaura Ndichu as its new East African CEO.
Airtel Kenya is undertaking strategic organisational restructuring to improve efficiencies across functions with an aim to enhance customer experience.
The “Africa Rising” narrative is increasingly giving way to that of “Aspiring Africa”, as the Base of the Pyramid (BoP) shrinks and the new middle class burgeons, says Wim van der Beek, founder and managing partner of Goodwell Investments.
International Quality & Productivity Center (IQPC) cordially invites you to attend the Modern Airports Africa Conference, officially supported by the Kenya Civil Aviation Authority.
Kenya has received the first batch of the freight locomotives for the standard gauge railway in readiness for testing slated to happen in the course of the first quarter of this year.
Kenyans have been introduced to their very first casino mobile application on Android phones. Rambo Resource Ltd together with the Licensing Board in Kenya announced the launch of GameMania.
Kenya’s national carrier Kenya Airways has announced plans to lay off 38 staff members as part of its second phase of right sizing.
[Column] James Ngunjiri: What Makes Nairobi the Only African City in Global Investors' Top Five Watchlist
Nairobi is on the global watchlist of top five fast modernising cities that are attracting new global business on growing realisation that big companies cannot operate from one sub-Saharan location in South Africa.
Kenya is considering converting a portion of its coal deposits to oil as part of measures to cushion the economy from the volatile fuel import market.
European Union lending arm, the European Investment Bank has confirmed that it lent $97 million to support investment by companies across East Africa in 2016.
Telecommunication company Telkom Kenya has made a raft of changes in its management as part of a broader strategy to strengthen the telcos’ operational and service excellence, drive ongoing growth and technological leadership while aligning the business with its transformation agenda.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $992,000-grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya.
Kenya’s national carrier Kenya Airways has inked a codeshare agreement with Hong Kong Airlines to help improve connectivity and access in Asia.
[Column] Bob Koigi: Why Africa’s neglected economic sectors will be our saving grace in job and wealth creation
Kenya leads African counterparts in successfully absorbing majority of its population into the job market and although the labour force is on track to increase dramatically over the coming decade, creating a job market that comfortably accommodates everyone still remains a pipe dream.
Kenya’s power distributor Kenya Power has appointed Dr. Kenneth Tarus as its acting Managing Director and CEO. He replaces Dr. Ben Chumo who has been at the helm since 2014 and is exiting after attaining the government’s mandatory retirement age of 60 years.
The Fidelity Commercial Bank Ltd board of directors has approved a deal to sell the lender to Mauritian financial services group SBM Holdings.
Barclays Bank of Kenya has launched a partnership with China UnionPay, which will allow UnionPay cardholders to transact at Barclays’ ATMs and point-of-sale devices across the country.
Faulu Microfinance Bank, a member of the UAP Old Mutual Group, has hired Mr. Apollo Njoroge as its CEO.
With about one third of the food produced on the continent lost along the value chain, East African agricultural sector stakeholders want to harness technological innovations in order to reduce post-harvest losses.
Every business person world over especially in a partnership has at one time toyed with the idea of one day going solo. That moment when you are all by yourself trying to figure out why you are still at that dead end job. What keeps you there? Surprisingly your answers are as lame as they get.
Africa Business Communities interviews the Simon Andys, the CEO and founder of Premier Seed a Kenyan company that works with farmers in finding them ready export market for their produce especially in new and high value crops like herbs and vegetables.
East Africa's biggest port of Mombasa will spend $980,000 to build a new cruise ship terminal aimed at boosting tourism, according to the port management.
Regional retail solutions provider Nakumatt Holdings has opened its 64th branch in Kigali, Rwanda. The new Nakumatt Kagugu Supermarket covering a shop floor space of more than 5,000square feet and located at Merez Centre Kagugu now pushes the retailer’s branch footprint in Rwanda to 3 branches.
[Kenya] Chris Kirubi appointed to the Africa Advisory Board at Harvard University Center for African Studies
Business mogul Dr. Chris Kirubi has been appointed to the Africa Advisory Board at Harvard University Center for African Studies for a period of three years.
What makes a company grow? And how do we determine the growth of a company? Is it its impressive financial results? The storms it has weathered? Its expansion portfolio?
Kenya, Nigeria and Morocco are the fastest growing reinsurance markets in Africa, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes, Dr. Schanz, Alms & Company said in its yearly survey
The United States says it isworking with Kenya on additional six new energy projects including Nyakwere Hills Solar Photovoltaic, Olkaria Geothermal Power Plant, Lamu Gas-to-Power Project and Isiolo Solar PV Power Plant.
The U.S. African Development Foundation (USADF) in partnership with CITI Foundation has announced awards of $200,000 in grant funding to 20 young, East African social entrepreneurs developing businesses for social and community change
Kenya-born Dr. Saggia completed a degree in Medicine and Surgery at the University of Nairobi before embarking on a highly successful career in the ICT sector, where over the past 18 years he held various senior positions.
Mobile service provider Safaricom has announced that it is in discussions with five companies to broaden the availability of M-Pesa services.
Aware of the unprecedented impetus of African economies and of the potential offered by the various national and sub-regional markets, Moroccan and French companies are demonstrating new ambitions in Africa, which are expressed in their development strategies on the continent.
Small businesses require professional business advice. Entrepreneurs with business ideas but no way of taking them through to fruition need sound advice.
Finland based private equity fund and financial services group Taaleri has set its eyes on the growing East and South African real estate projects with an offer of $100 million.
Mrs. Hope Murera has been appointed the new managing director of ZEP-RE (PTA Reinsurance Company) with effect from January 1 2017.
Leading UK based provider of PayGo Solar Home Systems, Azuri Technologies and home entertainment satellite provider, Zuku have launched the first integrated pay-as-you-go satellite TV package for rural off-grid consumers in sub Saharan Africa.
ContinuityEastAfrica has officially opened its doors in Nairobi. The company offers full business continuity management services and capabilities to East African businesses and government entities from its new data centre and work-area recovery facility situated just outside Nairobi.
British-American Investments Company (Britam) has announced a new business management strategy – Going for Gold – to run from 2016 to 2020.
Power generator Kenya Electricity Generating Company (KenGen) has announced plans to add 721 Megawatts of electricity from geothermal and wind sources to the national grid in the next five years at a cost of $8 billion.
The Commercial Bank of Africa (CBA) plans to launch its mobile banking service M-Shwari in Ivory Coast in quarter three of next year, becoming the first Kenyan lender to venture into West Africa.
Kenya’s tier two lender Commercial Bank of Africa has announced plans to replicate its mobile banking service Mshwari to Ivory Coast in the third quarter of next year.
[Kenya] Monetary Policy Committee review Outcome of Previous Policy Decisions, Recent Economic Developments
The Monetary Policy Committee (MPC) of the Central Bank of Kenya met on November 28, 2016, to review the outcome of its previous policy decisions and the recent economic developments. The meeting was held against the backdrop of increased uncertainties in the domestic and global economies.
African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018
Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction of the passport.
Safaricom has announced plans to recruit 62 interns by January 2017 as it progresses its agenda to woo more women to the technology field.
Global insurance leader Allianz has opened its fifteenth Africa office in Kenya. The insurer, which has been setting up operations and familiarizing with the Kenyan environment over the past one year, said it had plans to tailor products to suit the Kenyan market at competitive rates.
Besieged Kenya Airways CEO is set to leave office in quarter one of 2017 even as the airline’s chairman Michael Joseph says that the CEO will be in office until his replacement is found.
Nairobi Securities Exchange (NSE) Limited has alerted investors that its profits will dip by as much as $7.6 million which represents a quarter of what it earned in December last year.
The East African Community has committed to efforts including operationalization of single customs territories and reducing non tariff barriers in its endeavor to grow trade among member states. The ongoing integration efforts across the East African Community (EAC) region largely aim at increasing trade.
[Kenya] Africa Development Bank approves $75 million financial package to complement Diamond Trust Bank fund
The Board of Directors of the African Development Bank has approved a $75-million financial package comprising $50-million Line of credit and US $25-million Subordinated Debt to Diamond Trust Bank Kenya Limited. The funding is aimed at supporting SMEs and emerging corporates in East Africa.
SBM Group of Mauritius is foraying the East African market through acquisition of Kenya’s Fidelity Bank subject to regulatory approvals in Kenya and Mauritius.
The East African Community (EAC) is mulling harmonizing laws that will regulate cross border insolvency.
World leading manufacturer of commercial and industrial refrigeration and air conditioning technologies, Bitzer has opened an office in Nairobi as it seeks to expand presence in Africa.
Kenya's largest lender by asset, Kenya Commercial Bank through its foundation has entered into a partnership with Toyota Kenya to acquire automotive skills from training and apprentice opportunities with the motor vehicle dealer through the 2jiajiri program.
Technology incubator M:lab East Africa and the World Bank Group have launched Traction Camp, a new initiative developed to support emerging digital and mobile entrepreneurs across the region.
Corporate finance advisory firm Burbidge Capital has changed name to I&M Burbidge Capital after I&M Holdings Limited acquired 65 per cent shareholding in August this year.
East African Community and European Development Fund commit to implement region’s development projects in five years.
Despite stalled trade talks that saw some East African member states hesitant in signing the Economic Partnership Agreement with the EU, the East African Community and the European Development Fund (EDF) have agreed to cement their business ties by committing to implement various development projects in the region for a period of five years.
BICS announced the establishment of a new point-of-presence (PoP) in Nairobi, Kenya, thereby extending the company’s reach in the African region.
Mid-tier lender National Bank has made a raft of changes and appointments in the management level following the exit of some of its senior managers who were accused of failing to adhere to corporate governance rules.
Choppies Supermarkets from Botswana is set to acquire Nairobi based Ukwala Supermarkets store in December as it seeks to solidify its foothold in the country.
One in every three Kenyans is in an investment club which translates to over 300,000 recognized ones in the country, with a combined asset base of $300 million. Now that is a figure even pundits and industry players will tell you is a force for any economy.
In a bid to reach more women, youth, startups and small businesses and harmonize lending, the government is mulling merging the different lending facilities into a large development fund dubbed Biashara Bank, Swahili for Business bank.
[Kenya] Key decision makers from Africa to discuss the region’s airport infrastructure and expansion
The spectra of old, outdated and cramped airport infrastructure has become a major hindrance. Therefore, airport operators in Africa are actively collaborating with government ministries as well as domestic and international investment groups to improve airport infrastructure in order to unlock Africa’s full aviation potential.
Government authorities and developers are investing billions of dollars in dozens of airport expansion and rehabilitation works across Africa.
The board of Telkom Kenya has appointed Sundararaman Pattabiraman as its Chief Finance Officer as the telco seeks to bolster its senior management team following the exit of France Telkom-backed executives.
Transport, logistics and supply chain solutions company Logistics Plus has opened four new offices in Nairobi and Mombasa in Kenya, Kampala in Uganda and Juba in South Sudan as it seeks to extend its foothold in Africa.
[Kenya] BASF launches farming, the biggest job on earth campaign to address growing demand for food on dwindling land
The world’s leading chemical company BASF has developed a new campaign aimed at celebrating farmers across the globe and supporting agriculture to enable increasing production of enough food for the burgeoning world population estimated to reach 9 billion by 2050.
The Kenya Airlines Pilot Association has called off its strike which had been deferred two weeks ago citing board changes which it says it has confidence in.
Kenya Revenue Authority takes positive steps towards promoting citizen-centric efficiencies with SAP
There is no doubt that Kenya has the potential to be one of Africa's great success stories. It's among the fastest growing economies in East Africa and successfully rebased its economy last year, a strategy that saw its nominal gross domestic product rise 25% to $55 billion, making it a middle-income status country.
Kenya's mobile phone operator Safaricom has scrapped charges on money transfers through its M-pesa platform for transactions valued below Ksh 100($1).
In a move meant to market East African community as a prime destination for international tourists, tour operators in the region are conducting a joint road show in UK.
Kenyan banks are moving operations online and have halted opening new branches raising fears of downsizing staff.
The South African and Kenyan offices of pan-African law firm, Bowmans, together with international law firm, Freshfields Bruckhaus Deringer and leading Nigerian law firm Udo Udoma & Belo-Osagie, will launch their inaugural African Private Equity Academy in Sandton this week.
East Africa Business Council has called on East Africa Community countries to deepen cross border investments for better and quick businesses development and promotion of integration.
Real Estate Company Optiven Limited has said it intends to diversify into food production through greenhouse farming as it seeks to bridge the food shortage in the country.
Kenya and Sudan have signed agreements to deepen collaboration in oil and mining industry. Hence, Kenya is poised to gain from the agreements as Sudan has made strides in both sectors.
Kenya’s economy is projected to grow at 5.9 percent in 2016 up from 5.6 percent in 2015 according to the World Bank’s Kenya Economic Update (KEU) released in Nairobi.
The AIDS Healthcare Foundation, Africa Bureau, has officially launched its young women and girls initiative tagged GIRLS ACT (Awareness Campaign Tour) as part of its public health campaign interventions for young women and girls aged 15-24.
[Kenya] Avic International set to equip technical training institutes with machinery to meet country’s industrialization needs
International aviation, trade and logistics behemoth Avic International Holding Corporation intends to increase its investment in Kenya’s technical education sector with a view to boosting the labour pool as Kenya’s mega projects take shape.
In a move credited with government’s stepping up services it offers to investors, Kenya has moved 21 places in the Ease of Doing Business 2017 ranking to position 92 globally out of 190 countries making it the third most improved economy for two years in a row.
A loan facility introduced in May this year by Sidian Bank in Kenya to Uber drivers to purchase their own vehicles has already benefitted 100 of them, with the overall plan targeting 10,000 drivers in three years.
As part of its continued expansion, Ringier Africa Digital Publishing (RADP), Ringier Africa’s publishing company, will work with Kenya’s top entertainment website Ghafla.
The U.S. Chamber of Commerce U.S.-Africa Business Center released a new report today on trade facilitation in East Africa, outlining the work governments in the region have undertaken to improve infrastructure and address economic challenges, and offering recommendations to address and overcome remaining trade barriers.
Global ICT solutions provider Huawei has set up safe city industry with a view to attracting more foreign direct investments, economic and tourism growth, improve local security of the citizens with deployment of its new 4G and cloud-based smart Safe City solution across cities in the African continent.
Tullow Oil Plc’s Kenyan unit said it’s seeking trucking companies to transport crude from northwestern fields to the port city of Mombasa as the East African nation rushes to export its first oil by mid-2017.
Increased lending due to capping of interest rates will have a positive effect on the economy. Metropol Corporation projects that the economy will grow by 6 per cent in their latest revised 2016 Kenya economic outlook up from 5.5 per cent.
Regional economic block, the Common Market for Eastern and Southern Africa (COMESA) remains the fastest growing economy in the world according to the latest COMESA macroeconomic report, with five of its members recording growth rate of between five and ten per cent.
Kenya has been graded third in ease of access to credit after Rwanda and Zambia in a new report by the Institute of Chartered Accountants in England and Wales (ICAEW).
Unilever's Top Employer status in Africa was solidified when company was certified in Zimbabwe for the first time and achieved No.1 status in Ghana, Nigeria and Kenya.
Patrick Njoroge the governor of Central Bank of Kenya has been named the best governor in Sub Saharan Africa for his role in curbing inflation, cleaning up the banking sector and his drive to pursue a new policy openness and transparency.
Centum Investments Limited has announced that it has appointed four high profile new non-executive directors to the company.
Egyptian investment company Wdi Degla has announced plans to open five new clubs in Nairobi at a cost of $100 million in the next three years.
Equity Bank has launched a suite of digital products dubbed Eazzy Banking that promise to give an easy, comprehensive and secure experience while supporting a convenient lifestyle for Kenyans transacting both in the country and abroad.
Oil marketer Total Kenya has appointed five members to its board of directors bringing to three the number of independent directors that sits in its board.
A team of specialist corporate lawyers at Bowmans Kenya has been involved in the largest equity deal in Kenya and East Africa in 2016, and one of the largest equity deals in Kenya to date.
Barclays Bank of Kenya has announced election of Mr. Charles Muchene as the Non Executive chairman of the bank.