QGIAM, the private equity arm of Africa focused investment firm Quantum Global has announced that on behalf of their investors, the sale of its interest in Savannah Cement, a leading Kenyan cement producer, has been completed.
Mobile payments in August posted the largest month-on-month drop this year, coming after intensive political campaigns in July.
Regional agro input powerhouse Elgon Kenya has partnered with respected IPM category products producer Dudutech in a deal that is set to make Elgon Kenya the distributor of Dudutech’s globally recognized products.
Empowering organizations to move workloads to the cloud while keeping their data on their own premises, Oracle has launched the innovative Cloud at Customer solution in Kenya.
In order to achieve our economic goals as envisioned in the 2030 development blue-print, we need to be deliberate in creating an export push for our local goods.
CityBlue Hotels has announced its first property in Kenya with the opening of the CityBlue Creekside Hotel & Suites, Mombasa.
Hurricane Electric, the IPv6-native Internet backbone has added a new Point of Presence (PoP) in Nairobi at the East Africa Data Centre.
Nestlé Professional to provide Innscor Kenya with beverage solutions through Alegria vending technology
Nestlé Professional, the out-of-home arm of Nestlé, has entered into a partnership with Innscor Kenya Limited to provide the latter with beverage solutions to its consumers through Nescafé Alegria vending technology.
GroFin and USAID East Africa Trade and Investment Hub partner to increase access to finance for East African agribusiness SMEs
GroFin, a development financier which specialises in providing finance and support to small and growing businesses, has received a grant from USAID East Africa Trade and Investment Hub.
On the latest episode of ‘Marketplace Africa’, the programme examines Kenya’s luxury car market – one that is among the fastest growing on the continent and is now attracting top-end car manufacturers to the country.
Safaricom has kicked off its Fibre to Home Regional Roll out Plan that will see an increased number of customers access fast internet speeds from the comfort of their homes.
Today, new technologies including information communication technology (ICT) and e-learning have become the driving force in the education sector in Kenya.
A leading African ISP, iWayAfrica Kenya, has secured regulatory approval to acquire the terrestrial and VSAT customer base of Callkey Networks, a Nairobi-based corporate communications service provider and subsidiary of ImaraSat.
Statesduka.com is the first budget online shopping and shipping website serving Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan.
After what it says is a thorough evaluation of the efficiency of its network to maximize productivity with the rollout of a new Winter Schedule, Kenya Airways has announced that it will discontinue flights to Hong Kong and Hanoi, Vietnam, from October 29, 2017.
US advisory firm has announced its entry into East Africa through collaboration with with Nexus Business Advisory Limited (Nexus), a tax, legal and business advisory firm based in Nairobi, Kenya.
Thiagarajan Ramamurthy, TRM, is a name synonymous with strategy and tact. He has been a formidable juggernaut in retail and manufacturing industries across Africa.
Following successful trials over the last four months in Nakuru, Safaricom has announced the availability of M-PESA 1Tap in Nairobi, Mombasa, Kisumu, Eldoret and Nyeri.
Digital transformation initiatives in East Africa received a welcome boost as 52 skilled youth graduated from an expanded East African SAP Skills for Africa program.
Kenya Association of Manufacturers together with UN Women has held the third Women in Manufacturing Forum themed ‘Why gender inclusivity is smart business’ targeting women entrepreneurs.
Cloud and on premises enterprise software solutions provider Nice has announced that Nimble Group, an asset management and collections leader, is implementing Nexidia Analytics across all of its customer interactions.
More than half the money sent through mobile phones between April and June this year went to paying for goods and services, fresh official data have shown.
Uber and Visa have announced a strategic agreement that aims to grow digital commerce across Africa. Under the agreement, Visa will work with its financial institution partners to set up their debit and credit portfolios for eCommerce.
Sixteen learners have received $12,000 in scholarship prize money courtesy of Colgate-Palmolive. The money will go towards tuition fees, stationery and textbooks in all schooling phases for the children of ages seven to 18 years.
RESTANCE, Inc has announced a new Chief Executive Officer to lead the Company's East African Economic Development Strategy.
Orolia, through its McMurdo brand, has been selected by Kenya to upgrade its aeronautical Search and Rescue (SAR) program with the latest Rescue Coordination Center (RCC) technology.
Nestlé in partnership with Ashoka have called on Kenyans to nominate individuals, government bodies, non-governmental organizations, members of the academia and social enterprises for its 2018 Nestlé Creating Shared Value (CSV) Prize.
The overarching goal of the Common Market for Eastern and Southern Africa (COMESA) cluster development approach is a modern business value creation method of effecting positive social and economic changes through enriching the culture of innovation
Private Sector Health Partnership Kenya has announced a new multiyear Masterplan, new investments and new membership.
Safaricom CEO Bob Collymore has been named CEO of the Year by Africa investor (Ai), a leading international investment and communications group.
Kenya’s largest flower farm Oserian Development Company Limited through its Fairtrade Joint Body has established a garden of select highly nutritious vegetables as it seeks to supplement staff feeding.
Merck KGaA, Darmstadt, Germany, a science and technology company, has announced the new startups participating in its Accelerator program in Darmstadt, Germany, and Nairobi, Kenya.
South African Customs Union and East African Community deliberate on tripartite Free Trade Area market access
South Africa has played host to the 11th bilateral meeting between Trade Ministers of the Southern African Customs Union (SACU) and the East African Community (EAC).
Branch, a Facebook-linked mobile phone lending app, has raised Sh200 million by issuing a commercial paper. The Silicon Valley startup will use the funds to grow its loan book.
Integrated telecommunications service provider Safaricom has announced renewed investments in its customer care organization as it seeks to strengthen service delivery to customers.
Heifer International is working with the nonprofit Sirolli Institute to help farmers start or grow successful businesses.
Kenya Association of Manufacturers in partnership with German Corporation for International Development have held a Technical and Vocational Education and Training (TVET) Job Fair as part of the organization’s goal to bridge the skills gap in the country.
International freight forwarding and logistics company Panalpina has completed the acquisition of Air Connection, a specialized forwarder of flowers and vegetables following the approval by the Competition Authority of Kenya.
Safaricom’s Spark Venture Fund has announced that it will once again be investing in iProcure, a supply chain platform in Kenya. iProcure offers farmers discounts of between 10 and 20 percent every time they purchase farming products.
Once the last loose ends have been tied up, Kenya will be celebrating its largest debt and equity restructuring transaction yet: USD 2.2 billion restructuring of Kenya Airways PLC.
To enhance its customer service delivery, utility company Kenya Power has announced an upgrade of its Customer Management System.
Nestlé Kenya has announced the re-launch of MILO, the very popular cocoa and malt beverage, with a new formulation, Activ-Go.
Pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, has completed 100G upgrades to key routes on the East Africa Fibre Ring.
Kenya tops the world in financial inclusion, with latest reports giving the country a rating of up to 86 per cent above global heavy weights like Brazil.
[Kenya]TVU Networks to avail hundreds of its pack mobile transmitters for the upcoming presidential reelection
TVU Networks, the global technology and innovation leader in live IP video solutions will provide comprehensive support to all media organizations in covering the upcoming Kenya presidential re-election vote.
Kenya’s national carrier Kenya Airways has implemented a codeshare agreement with the national carrier of Sultanate.
The African Export-Import Bank (Afreximbank) has presented its equity offering to Kenyan investors aimed at raising between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class “D” shares.
CNN inside Africa in its latest report has explored the traditions of the Dhow sailboat and the generations of craftsmen who have been building them in the Kenyan coastal town of Lamu.
The $1 million Safaricom Spark Venture Fund has announced its sixth and final investment in agri-tech startup iProcure.
Immune Therapeutics, Inc., a specialty pharmaceutical company has entered into an agreement with Kenya-based Omaera Pharmaceuticals for the sale and distribution of Lodonal™, valued at a minimum of $31 million in revenues over three years.
Social betting technology developer Oddslife has entered the African market by taking its B2B social betting platform into Kenya with one of the continent's largest sports betting affiliates.
Pan African telecom enabler, SEACOM has strengthened its Kenyan leadership team by appointing seasoned telecoms executive, Tonny Tugee, to head its newly launched SEACOM Business in Kenya
Safaricom intends to conduct another upgrade on its MPESA platform on Saturday 9th September 2017.
With the backing of Kenya’s telecoms giant Safaricom, taxi hailing app Little is set to commence operations in Nigeria’s tech capital city of Lagos come October.
Kenya Bureau of Standards partners with South Sudan National Bureau of Standards on training and conformity
South Sudan National Bureau of Standards (SSNBS) stands to benefit from training and technical expertise of Kenya Bureau of Standards (KEBS), according to a Memorandum of Understanding (MOU) signed by the two institutions.
As part of its strategy to enhance shareholder value, Safaricom has appointed Mohamed Shameel Aziz Joosub and Linda Watiri Muriuki to its board as Non-Executive Directors, effective immediately.
Standard Chartered has announced a pre-tax profit of KShs 4.98 billion for the first half of 2017. The Bank said the 33 per cent drop, year-on-year, reflects the effects of the Banking (Amendment) Act, 2016.
Pastoral communities in northern Kenya’s Isiolo and Marsabit counties suffer from frequent droughts and the effects of climate change.
Kenya Ports Authority bets on modern diesel electric cranes to bolster efficiency in handling cargo at Mombasa Port
Kenya Ports Authority’s (KPA) equipment acquisition efforts for the Port of Mombasa has received a major boost following the arrival of two ultra-modern diesel electric cranes.
BitPesa, the first and largest blockchain payments platform for Africa, with offices in Nairobi, Lagos, and London, has announced Greycroft as its lead investor in a follow-up to its Series A funding round.
Africa Logistics Properties has signed a 10-year lease for 14,000 square metres with Freight Forwarders Solutions Ltd, the contract logistics arm of the leading regional logistics group Freight Forwarders Kenya.
Huawei is working with Kenya's Safaricom to deploy a fiber to the home (FTTH) network. Safaricom adopts Huawei's end-to-end (E2E) FTTH solution to rapidly deploy the FTTH network and expand its capability to new home broadband services.
KCB Foundation and Kenya Veterinary Association pick RippleNami to deliver livestock traceability program
Kenya Commercial Bank Foundation and Kenya Veterinary Association has selected RippleNami, Inc., a provider of blockchain map-based visualization platform to deliver the country’s first livestock identification and traceability program
Britam Holdings total comprehensive income for the first six months of the year has increased to Shs1.9 billion compared to Shs1.88 billion for a similar period last year.
Paul Langlois-Meurinne is the co-founder and CEO of Optimetriks, a company that has developed an innovative data collection crowdsourcing platform to help Fast Moving Consumer Good companies and institutions monitor their distribution in Africa at outlet levels.
Johannesburg Stock Exchange-listed company ADvTECH Ltd has confirmed the purchase of land at Tatu City, which will become the future home to a Crawford International School.
Agro input company Elgon Kenya’s newly launched animal health department has entered into partnership with Netherlands based Interchemie a global powerhouse in animal health.
Safaricom backed taxi-hailing platform Little has unveiled an electronic wallet to encourage riders using their taxis to pay for trips online.
Youtap, a global provider of contactless mobile payments and financial services software, has launched a QR code solution and smartphone apps for mobile money services in Africa and Asia.
[Kenya] Safaricom signs agreement with UN Environment to upscale implementation of sustainable goals
UN Environment has urged the country’s private sector to collaborate with them in implementation of the Sustainable Development Goals (SDGs) that will help curb climate change.
A growing number of smallholder farmers in Kenya and Uganda continue to boost household incomes, improve nutrition and ease pressure on forests, thanks to interactive radio programmes.
Telkom Kenya has added two independent members to its board in the latest restructuring move
African reputation and crisis management company Vuma Reputation Management has signed memorandums of understanding with four leading African communications agencies, boosting its footprint across the continent.
The U.S. Trade and Development Agency has signed a grant with Saigrene Energy Kenya Limited supporting the development of run-of-river hydroelectric plants at five sites in Kenya.
[Column] Phyllis Wakiaga: Government economic policy must be clearly articulated for it to be effective
The competitiveness and profitability of any business is hugely impacted by changes in market regulations and government policies
Digital money transfer service WorldRemit and the National Bank of Kenya have launched a major partnership to enable Kenyans living abroad to make instant transfers home.
Telkom has appointed Catherine Olaka as its Chief Human Resources Officer.
Vodacom has successfully acquired a 35% stake in Kenya’s Safaricom from its parent firm Vodafone Group for ZAR35 billion ($2.6 billion).
East Africa’s largest real estate project is rapidly taking shape as the region’s newest, most modern city. Although planned as a 20 to 25-year project, Kenya’s Tatu City is already beating its own infrastructure deadlines.
Equity Bank has started closing some of its automated teller machines (ATMs) as the lender shifts customers to alternative channels such as agency and mobile banking in a fresh cost-cutting strategy.
Ms. R. Mukami Kariuki, a Kenyan National, is the new World Bank Country Manager for Zimbabwe.
Banking solutions provider, I&M Bank has secured a crucial deal to provide strategic services to German private sector companies who have established their operations in the East Africa region or plan to penetrate into this market.
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction.
Kenya’ private sector activity continues to contract owing to a declining output even as the business conditions recorded deteriorating performance in July according to the Purchasing Managers’ Index (PMI) survey.
The Kenya Power Board of Directors has appointment of Dr. Ken Tarus as the Managing Director & Chief Executive Officer of the Company.
Mobile-based lender Branch has disbursed a cumulative Sh3.63 billion ($35 million) loans in Kenya where virtual lending is growing in popularity.
Belfrics Global, a Malaysia based bitcoin technology provider has launched its Bitcoin Exchange in Kenya to allow traders and Bitcoin users to trade at a much lower cost.
Kenya’s integrated telecommunications services provider Safaricom has announced the release of a feature-rich M-PESA Application Programming Interfaces (APIs) portal to businesses in the country.
Diamond Trust Bank Kenya Limited has acquired a 100 percent stake in Habib Bank Limited Kenya (HBLK), effective August 1, 2017.
Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3m in equity and $4m in debt instruments.
I am not certain that we, as a nation, have fully grasped the extent to which a declining retail sector can negatively impact our entire economy.
British-Nigerian Michael O’Brien-Onyeka is Senior Vice President, Africa, of Conservation International, a non-governmental conservation and sustainable development organization.
Five young Kenyans will be among 50 global finalists in the inaugural Future Leaders Connect, an initiative of the British Council that seeks to create a pool of outstanding policy leaders who can create positive differences in their home countries.
In one of the most historic payouts in the history of Kenyan agriculture, tea farmers last year received Sh61.99 billion, about $597 million, in what was attributed to a favourable demand for the leaf at the international markets and good climate.
Egypt-based investment bank EFG-Hermes has been licensed to operate a stockbroker unit in Kenya with an eye on an investment bank permit, targeting institutional and high net-worth investors from the Middle East.
The Kenya Horticultural Council (KHC) has been launched to support the industry’s growth by championing compliance with domestic and international quality standards and other market access requirements.
United Bank for Africa (UBA) has announced the rollout of two Mastercard electronic payment solutions in order to deliver cashless solutions to all Kenyan’s.
After the successful implementation of an intelligent new safety feature was introduced to Uber driver-partners in South Africa early this year, the company has announced that the same feature will be implemented in other markets in Africa.
Total and Worldline partner with African Fintech InTouch to support deployment of Guichet Unique solutions in eight African countries
Total and Worldline have signed binding technological, commercial and financing agreements with African fintech InTouch.
Burhani Engineers Limited has signed a partnership with the Kibera Sub-County government to provide computer systems and Engineering Power Classes to pupils within the county.