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30-10-2014 23:52:00 | by: Default Admin User | hits: 4453025 | Tags:

[Kenya] B team launches new group to promote sustainable, inclusive businesses in Eastern Africa
24-02-2017 | 16:02:00
The B Team and Safaricom has announced plans to create The B Team - Eastern Africa, a new not-for-profit initiative, created by regional business leaders to catalyse a better way of doing business for the wellbeing of people and the planet - and responding to the specific challenges and opportunities of the Eastern African market.
[Kenya] Tala raises $30 million as it mulls expansion
24-02-2017 | 13:32:00
Kenya’s Mobile Technology firm Tala, formerly Mkopo Rahisi, has raised over $30 million in a new round of funding for expansion into new markets.
[Kenya] Bank borrowing to rise sharply in 2017, Metropol outlook
24-02-2017 | 10:24:00
Kenyan economy is predicted to grow at 6.5 per cent in 2017 from an estimated 5.9 per cent last year driven largely by a historic spike in borrowing this year driven by government and private sector as the capping works itself out according to the latest forecast by Metropol Corporation.
[Kenya] Jomo Kenyatta International Airport granted category one status
24-02-2017 | 06:52:00
Kenya’s Jomo Kenyatta International Airport has received category one status after a final assessment audit by the US Federal Aviation Administration which now means that Kenyans can now fly directly to the United States after waiting for eight years.
[Kenya] Kengen to sell 5 per cent stake to SOC Limited
24-02-2017 | 06:47:00
The Kenya Electricity Generating Company (KenGen) has announced plans to sell 351 million shares equivalent to a 5.33 per cent stake to a South African pension fund, Public Investment Corporation SOC Limited.
Jumia launches flight services with eyes on domestic and international travelers
23-02-2017 | 15:31:30
Online hotel booking company Jumia Travel has launched flight services for local and international travelers across the world.
[Kenya] Base Titanium Limited confirms three additional members to its board
23-02-2017 | 10:20:00
Base Titanium Limited, a wholly-owned subsidiary of Australian and UK-listed Base Resources Limited has announced the appointment of three additional members to its Board of Directors.
[Kenya] Safaricom opens up applications for 2017 technology internships
23-02-2017 | 06:52:00
Listed telecommunication firm Safaricom has announced that it will be taking 63 university students under its 2017 technology internship program.
[Kenya] Sasini Limited mulls offloading 60 per cent stake in Savanna Coffee House
23-02-2017 | 06:45:00
One of Kenya’s largest tea and coffee producer Sasini Limited has said that it is set to seek shareholder’ approval to offset 60 per cent stake it has in Savanna Coffee House.
Mowgli Foundation calls on eco-system partners to invest in human capital mentorship
22-02-2017 | 12:14:00
The award winning Mowgli Foundation marked its recently established presence into Sub-Saharan Africa (SSA) with an evening geared at raising awareness on the importance of incorporating mentoring into the entrepreneurial eco-system.
[Kenya] Amethis Finance and Metier acquires minority stake in Kenafric
22-02-2017 | 06:50:13
Private equity firms Amethis Finance and Metier have partnered to acquire a minority stake in Kenafric food industry. The three companies – Kenafric, Amethis and Metier have been working together on a promising acquisition.
Kenya Commercial Bank set to lay off staff citing technology changes and dynamic regulatory regime
22-02-2017 | 06:32:26
Tier 1 lender Kenya Commercial Bank has announced that is set to lay off a section of employees in what it attributes to technological changes and a dynamic regulatory regime.
Kenya Electricity Expansion Project: World Bank Board Approves Action Plan for Kenya Inspection Panel Case
21-02-2017 | 11:26:01
The World Bank’s Board of Executive Directors has met to discuss and approve the Action Plan that Bank management presented in response to the Inspection Panel investigation of the Kenya Electricity Expansion Project.
[Column] Ndiritu Muriithi: Is Kenya’s informal sector getting sophisticated?
21-02-2017 | 10:31:00
A surprisingly large number of small businesses in Kenya are in the manufacturing industry. Out of the 700,000 micro enterprises captured in the Medium, Small and Medium Enterprises Report 2016 published by the Kenya National Bureau of Statistics, 175,000 or 12 per cent are in manufacturing.
Microsoft East Africa and Liquid Telecom partner to accelerate cloud adoption in Africa
21-02-2017 | 10:24:21
Microsoft East Africa and pan-African data, voice and IP provider Liquid Telecom have announced a new partnership to develop the access and use of cloud services across the continent.
DHL Express makes global online shopping easier with On Demand Delivery in Sub Saharan Africa
21-02-2017 | 10:10:00
DHL Express, the world’s leading international express services provider, has announced the launch of On Demand Delivery for the Sub Saharan Africa (SSA) region.
[Kenya] Hashi Energy to sell its Tanzania retail business to Lake Oil Limited
21-02-2017 | 06:33:00
Oil marketing company Hashi Energy has announced plans to offload its petrol stations in Tanzania to Lake Oil Limited after a nod from the Competition Authority of Kenya.
[Kenya] Insurance penetration stands at 12 per cent, survey
21-02-2017 | 06:26:48
A paltry 12 per cent of Kenyans have any form of insurance programme according to a survey by online service provider Daktari Africa.
[Kenya] Mastercard commits to equipping 150,000 MSME with Masterpass QR payment solution
20-02-2017 | 15:44:39
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR. The mobile driven, Person-to-Merchant payment solution will be introduced through various financial institutions and other partners in the market from February onwards
Kenya Airways set to fly to Victoria Falls Zimbabwe
20-02-2017 | 10:39:30
National carrier Kenya Airways has announced that it is set to fly directly to Victoria Falls, Zimbabwe starting March 18 2017 as it seeks to tap into growing customer requests.
[Kenya] Soft drinks industry spends a fortune in advertising, study
20-02-2017 | 10:31:56
The soft drinks industry led advertisers by spending $41 million in local print, radio and television platforms last year.
Kenya, Uganda and Rwanda in joint tourism drive
20-02-2017 | 07:12:32
In a move meant to easily reach and capture more tourists, Kenya, Uganda and Rwanda have come together to launch the first of its kind East African destination portal.
[Kenya] I&M completes acquisition of Giro Commercial Bank
20-02-2017 | 06:59:25
I&M Holdings has announced the successful completion of merger of Giro Commercial Bank Limited (GCBL) into I&M Bank Limited (IMBL), which is IMHL’s banking flagship subsidiary.
Kenya Association of Manufacturers and Kenya Power address power supply hitches via Whatsapp
17-02-2017 | 10:30:03
The Kenya umbrella body for manufacturers, Kenya Association of Manufacturers, is working with power utility company Kenya Power in addressing power supply, a key component for manufacturers.
National Bank of Kenya bets on cashlite system to grow revenue
17-02-2017 | 06:16:15
Kenya’s tier 2 lender National Bank of Kenya is looking at growing non-interest income avenues occasioned by the capping of interest rates last year which has so far slashed interest earnings on loans.
[Column] Bob Koigi: The tough balancing act in buying an existing business
17-02-2017 | 05:40:13
A good friend of mine working in a local bank in a plum marketing position decided to call it quits after the thrill of working in a well polished office signing documents and swinging on expensive chairs all day fizzled.
Kenya Bankers Association unveils interbank app to rival MPESA
16-02-2017 | 16:02:02
Kenya Bankers Association has unveiled a new inter-bank application that will enable the transfer of funds from one bank account to another in real-time.
East African youth embrace agriculture as a side hustle, survey
16-02-2017 | 12:58:00
Millennials in East Africa are turning to Agriculture as a side business, a majority have attempted to turn their side hustle into their main focus borrowing starting capital from banks and relatives.
[Kenya] Diani Reef Resort &Spa unveils pay plan with eyes on domestic tourists
16-02-2017 | 10:17:00
Diani Reef Resort &Spa has launched a model that will allow holiday-makers save for their vacations. Under the model, ‘Easy Pay Plan’, domestic tourists will be able to choose what package suits them and pay in installments through bank transfers and mobile payment platforms.
[Kenya] Tourism Finance Corporation makes management appointments
16-02-2017 | 06:40:00
The Tourism Finance Corporation (TFC) has appointed six new managers. The agency is seeking to fill positions in legal, procurement, finance, public relations and communications as well as audit departments.
[Kenya] Thomas Hintze appointed Wananchi Group CEO
15-02-2017 | 16:08:57
Wananchi Group Kenya Limited has announced the appointment of Mr Thomas Hintze as its new Group Chief Executive Officer.
[Kenya] Imperial Holdings acquires 70 per cent stake in Surgipharm for $35 million
15-02-2017 | 16:08:00
Listed South African transport and logistics company Imperial Holdings has acquired 70 per cent stake in Kenya based Surgipharm company in a deal estimated at $35 million. The transaction is subject to regulatory approvals.
Drought pushing food prices up in East Africa, FAO
15-02-2017 | 06:13:00
Drought throughout East Africa has sharply curbed harvests and pushed the prices of cereals and other staple foods to unusually high levels, posing a heavy burden to households and special risks for pastoralists in the region.
Federal Mogul steps up Kenyan presence with 25 per cent budget allocation
15-02-2017 | 06:06:46
Leading global Motorparts manufacturer Federal-Mogul Corporation has stepped up its efforts to expand its reach in Kenya, with an eye on the East Africa market.
The Kenyan real estate market and the introduction of Real Estate Investment Trusts
14-02-2017 | 15:30:16
The past decade has seen significant growth in most key sectors of the Kenyan economy, thanks to a vibrant private sector and the ever-increasing foreign appetite for investments in Africa.
Kenya receives $250 million from World Bank to fund climate smart agriculture
14-02-2017 | 14:19:20
The World Bank has approved financing of a $250 million smart agriculture project in Kenya that will run for five years.
Mastercard commits to financially including over 150,000 Kenyan merchants with Masterpass QR
14-02-2017 | 11:20:00
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR.
[Kenya] Taxi hailing app Little set to launch mobile SACCO for its 4000 drivers
14-02-2017 | 10:15:00
The management of Safaricom-backed taxi hailing app Little is set to launch a mobile-based Savings and Credit Co-operative Society (Sacco) for its drivers.
[Kenya] Boutique African Data Collection Agency, Bamba, raises $1.1m in First Seed Round
14-02-2017 | 09:52:00
African data collection startup Bamba has announced today that it has closed its first seed investment round after raising US$1.1 million (Kes. 110 million) in investment funds, making it one of the largest and most successful seed rounds completed by an East African startup.
[Kenya] Safaricom Spark Fund invests in FarmDrive startup
14-02-2017 | 05:38:39
Safaricom Spark Venture Fund has today announced its investment in FarmDrive, a data analytics startup that connects small-scale farmers to financial services.
[Kenya] East Africa Private Equity and Venture Capital Association announces new appointments
14-02-2017 | 05:28:14
East Africa Private Equity and Venture Capital Association has appointed Eva Warigia and Esther Ndeti the co-executive directors to run the lobby.
[Kenya] Dorcas Wainaina appointed Executive Director of Institute of Human Resource Management
13-02-2017 | 15:00:51
Dorcas Wainaina has taken over as executive director of the Institute of Human Resource Management (IHRM). IHRM is the State agency that oversees the functions of the human resource profession in the country.
[Kenya] Sanlam withdraws profit warning
13-02-2017 | 07:29:00
Sanlam Kenya has announced the withdrawal of an earlier posted profit warning notice ahead of its full-year results release following good growth prospects.
[Kenya] Tourism Finance Corporation gets new managers
13-02-2017 | 07:22:00
Tourism Finance Corporation has hired six managers to drive the parastatal’s reform agenda as the key foreign exchange earner tourism industry begins to recover.
Africa Business Communities is looking for Partners
10-02-2017 | 18:25:00
In addition to our Africa Business Communities website we will launch several spin-off websites, that can be either country platforms, industry related platforms or a combination of the two.
Huawei set to launch Chinese GR5 2017 phone in Kenyan market
10-02-2017 | 17:09:03
Telecommunications equipment and services company Huawei has announced plans to launch the GR5 2017 phone in the Kenyan market as it seeks into the growing interest of smartphones by a burgeoning middle class in the country.
[Kenya] African entrepreneurs to learn management best practices from the Japan International Cooperation Agency
10-02-2017 | 11:38:00
The Africa Finance & Investment Forum (AFIF) will partner with the Japan International Cooperation Agency (JICA) for the first time on the occasion of the 11th edition of the Forum, taking place in Nairobi.
[Kenya] Ecobank bets on technology to grow customer numbers tenfold by 2020
10-02-2017 | 06:40:13
The launch of a new mobile banking application in Kenya by Pan Africa group Ecobank Transnational is its latest attempt at courting technology to grow its customer base from the current 10 million to 100 million in 2020.
Kenya floats 12 year bond to fund infrastructure
10-02-2017 | 06:27:15
Kenya has floated treasury bond worth $288 million to fund infrastructure projects coming two weeks after it cancelled a similar bid, Central Bank has said.
[Kenya] Octagon Africa and AAR insurance launch medical cover for pensioners
09-02-2017 | 15:51:00
Pension service provider Octagon Africa and AAR Insurance have unveiled a post retirement medical cover allowing pensioners pay for healthcare after retirement.
Kenya Revenue Authority set for system upgrade to curb tax evasion
09-02-2017 | 15:44:17
Kenya’s taxman the Kenya Revenue Authority is replacing the tax collecting platform Simba System and replacing it with a modern integrated customs management system as it cracks the whip on tax evasion.
[Column] Ndiritu Muriithi: The vital role of SMEs in job creation and economic growth
09-02-2017 | 13:31:00
Contrary to popular thinking, the informal sector in Kenya, commonly known as jua kali employs more people than the formal sector.
[Kenya] Banks get backing to launch own mobile cash transfer
09-02-2017 | 09:28:59
The Central Bank of Kenya (CBK) has given six banks the green light to launch a mobile money transfer platform, heralding a new dawn in the highly competitive and lucrative financial services market segment.
[Kenya] Housing Finance targets prospective home owners with low interest mortgages
09-02-2017 | 07:13:32
Kenya’s premier mortgage lender Housing Finance has announced that it intends to introduce a credit facility that will allow subscribers access loans at below market rates, as it seeks to increase home ownership numbers in Kenya.
[Kenya] Safaricom launches publication on safe use of telecommunication equipment
08-02-2017 | 15:52:49
In line with its proactive commitment to creating a sustainable and responsible business, listed telecommunication company Safaricom has partnered with the National Environment Management Authority (NEMA) and the Communications Authority (CA), to launch an information booklet on the safe use of telecommunication equipment.
[Kenya] Nakumatt bets on new warehouse management system to bolster supply chain efficiencies
08-02-2017 | 12:09:25
Regional retailer, Nakumatt Holdings, says it has completed the first phase of the Warehouse Management System, WMS, integration project at its Nairobi hub, as it seeks to embrace technology to bolster efficiencies in the supply chain in its regional operations.
Kenya Association of Manufacturers launches Business Growth Program with eyes on growing SMEs
08-02-2017 | 07:15:41
Kenya Association of Manufacturers has launched its Business Growth Program (BGP) 2017. The program is geared towards uplifting Small and Medium Enterprises, through providing them with access to markets, capacity building strategies for their growth and expansion, and support in advocacy for a more nurturing environment.
[Kenya] Jennifer Theuri appointed CEO of Integrated Payment Services Limited
08-02-2017 | 07:01:47
Jennifer Theuri, a career banker, has been appointed CEO of Integrated Payments Services Limited, IPSL, a fully owned payments technology offshoot of the country’s bankers umbrella body, the Kenya Bankers Association.
[Kenya] Over 10,000 youth to benefit from KCB Foundation’s vocational training programme
07-02-2017 | 15:35:14
More than 10,000 youths have been picked to join 2Jiajiri, the KCB Foundation’s technical and vocational training scholarships programme, giving them a crucial stepping stone into entrepreneurship
[Kenya] IFC and Capital Markets Authority train company directors on corporate governance
07-02-2017 | 12:20:00
IFC, a member of the World Bank Group, and Kenya’s Capital Markets Authority have announced a training program to familiarize directors and issuers with the Code of Corporate Governance Practices for Issuers of Securities to the Public.
Kenya Bureau of Standards launches online standards purchase portal
07-02-2017 | 12:10:32
The Kenya Bureau of Standards has launched a new web portal that allows customers to buy standards online.
[Kenya] Mastercard Technology powers launch of Huduma for Cashless Efficiency
07-02-2017 | 10:32:14
Mastercard commits to supporting the roll-out of the Huduma Card in Kenya as the technology partner of choice for the local government organisation.
[Kenya] Siginon Aviation appointed Qatar cargo handler at Jomo Kenyatta International Airport
07-02-2017 | 09:29:29
Logistics and transport firm Siginon Aviation has been appointed as the official ground and ramp handler for Qatar Airways Cargo at the Jomo Kenyatta International Airport (JKIA), Nairobi.
Kenyan SMEs grow alongside e-commerce in the region
07-02-2017 | 09:17:00
Online retailer Jumia Kenya has announced that 80 percent of the products on their platform are from accredited small businesses.
[Kenya] PSA Group to start assembling two car models
07-02-2017 | 09:12:18
PSA Group, the makers of Peugeot, Citroen and DS Cars has entered into a contract to assemble two car models in Kenya starting June.
FAO and EAC sign grant agreement to boost agribusiness among youth
06-02-2017 | 12:20:00
The United Nations’ Food and Agriculture Organisation and the East Africa Community have signed a grant agreement to promote urban and rural agriculture and agribusiness so as to improve youth employment in EAC member states.
[Kenya] SAP, with Heidleberg University Hospital optimize mobile cloud based solution for cervical cancer screening
06-02-2017 | 11:00:00
SAP's Design and Co-Innovation Center together with Heidelberg University Hospital has optimized a cervical cancer screening test that combines applied medical research with the power of innovative SAP cloud technology to improve quality of life amongst women in Africa.
[Kenya] Safaricom partners with resident association to bolster neighbourhood security
03-02-2017 | 15:51:40
Listed telecommunication firm Safaricom has partnered with the Kenya Alliance of Resident Associations (KARA) to beef up security in neighbourhoods, in its efforts to promote sustainable cities and communities.
Afreximbank ties factoring's growth in Africa to strengthened legislation
03-02-2017 | 15:51:26
African countries must implement strong legislation to foster the growth of factoring in order to enhance access of the continent's small and medium-sized enterprises (SMEs) to much-needed finance, participants at a sensitization seminar discussing Afreximbank's Model Law on Factoring in Nairobi Kenya heard.
Britam Asset Managers project Kenya’s economy to grow at 5.6 percent
03-02-2017 | 15:45:00
Kenya’s economy is expected to grow between 5 and 5.6 percent in 2017, supported by increased government spending and resilient performance in transport, trade and tourism.
[Column] Bob Koigi: Key lessons for businesses during national elections
03-02-2017 | 06:48:00
This year five African countries go to the polls. To some like Kenya, the run up to the general election is being characterized by high octane politics. But talking to a couple of business people in a forum the other day, the mood is that of fear, anxiety and uncertainty
[Column] Jens Ischebeck: Is Kenya really an M-Learning Paradise?
02-02-2017 | 12:15:00
M-learning, or 'Mobile Learning', has become increasingly popular in recent years with students participating in courses from all around the globe.
[Kenya] Cytonn Investments acquires 25 per cent stake in Superior Homes for $1 million
01-02-2017 | 12:15:00
Private equity investment company Cytonn Investments has spent $1 million to acquire 25 per cent shareholding in real estate farm, Superior Homes Kenya.
Central Bank of Kenya sets record straight on loans benchmark rate
31-01-2017 | 10:15:00
Central Bank of Kenya (CBK) has thrown out the Kenya Bankers Reference Rate (KBRR) introduced in 2014 as a base rate to calculate the cost of credit.
[Kenya] East African Breweries invests $35million in keg machine to boost production
30-01-2017 | 11:25:00
Beer manufacturer East African Breweries in a bid to boost its revenue has set aside $35 million towards modern keg raking machine to boost production of its keg products which are a favourite in the market.
British Chamber of Commerce Kenya opens coastal chapter
27-01-2017 | 16:13:00
The British High Commissioner to Kenya, Nic Hailey, has formally launched a new Coastal Chapter of the British Chamber of Commerce Kenya (BCCK) at an event in the coastal town of Mombasa.
[Kenya] ShowMax partners with SEACOM in East Africa
26-01-2017 | 09:53:00
Kenyans can now enjoy faster connections with less buffering as ShowMax partnered with SEACOM, a data service provider and the first company to launch broadband submarine cables along Africa’s eastern and southern coastlines.
[Kenya] Stanbic bank launches solution that allows real time cash flow management
26-01-2017 | 08:58:00
Stanbic Bank has unveiled a new set of financial solutions meant to embrace efficiency in cash collections and payments for organizations while helping them manage their supply chains
[Column] Willy Bett: Set for Take off – Kenya’s agriculture sector ready for increased investments
25-01-2017 | 16:24:00
Last September in Nairobi, President Uhuru Kenyatta hosted the largest ever annual gathering of the African Green Revolution Forum (AGRF) at which he delivered a blunt assessment of Africa’s economic future. “The transformation of Africa,” he said, “will only work if we transform agriculture.”
Telkom Kenya announces executive appointments
25-01-2017 | 16:13:00
Kenya’s telecommunication company Telkom Kenya has announced more executive appointments following a series of high-level appointments in 2016.
Kenya set to host Africa’s first ever cross-cultural summit for CEOs
25-01-2017 | 10:18:00
Kenya is set to host the first of its kind summit in Africa targeting CEOs, Managing Directors and heads of public institutions in East Africa with a view to addressing the intercultural question in the workplace at a time when globalization is posing new challenges to the 21st-century leaders.
African tech startups funding rises 17% in 2016; South Africa, Nigeria, Kenya most popular investment destinations
24-01-2017 | 11:12:00
A report released today by Disrupt Africa, Disrupt African Tech Start Up Funding Report, showed that 146 startups from across the African continent raised $129,133,200 in funding over the course of 2016.
Bowmans Kenya Intellectual Property team awarded gold ranking for fifth consecutive year
20-01-2017 | 14:47:00
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.
[Interview] Jeffery Wilson, founder JW Show, Kenya
19-01-2017 | 14:17:00
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.
[Column] Njeri Rionge: Kenya, your time is now
28-09-2016 | 12:02:00
As a proud Kenyan and champion of business opportunities in Africa, the optimistic chat on Twitter from last week’s US Africa Business Forum in New York popped up on my radar.
No longer at ease - Key lessons for Kenyan flower industry from EPA, Brexit on market diversification
12-08-2016 | 15:41:00
The Kenyan flower and by extension horticulture industry is going through very interesting times that could make or break it. Yet this is a sector that has played such a crucial role in its contribution to the country’s purse