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30-10-2014 23:52:00 | by: Default Admin User | hits: 4487532 | Tags:

[Kenya] Courier Plus launches operations in Nairobi
24-04-2017 | 15:37:00
Nigeria based logistics and distribution firm Courier Plus has opened a Nairobi branch as it mulls expanding to other countries in the region to sate the growing demand for logistical services.
Oserian Flowers signs its employees to mobile health insurance
24-04-2017 | 09:13:53
Kenya's leading grower and exporter of cut flowers, Oserian Development Company, has signed its workers to a mobile health insurance scheme becoming the first flower firm globally and large employer in the agricultural sector in Kenya to embrace e-health.
[Kenya] Safaricom and Kwesé TV announce video distribution partnership
24-04-2017 | 09:01:00
Telecommunication Safaricom has signed a distribution agreement with Econet Media’s Kwesé TV, Africa's newest multi-platform Pay TV network, to deliver premium video content to Kenyan consumers.
African developers celebrated at Facebook’s annual F8 conference
21-04-2017 | 10:48:48
Facebook celebrated the achievements and products of its growing African developer and partner ecosystem at its annual F8 developer conference, held in San Jose, California, on 18 and 19 April.
Carole Wamuyu Wainaina named Chief Operating Officer for Africa50
21-04-2017 | 09:23:41
Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, is pleased to announce the appointment of Carole Wamuyu Wainaina as Chief Operating Officer.
Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters
18-04-2017 | 11:44:00
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 companies, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
Telkom Kenya to replace Orange Money service with new platform
18-04-2017 | 09:53:00
Telkom Kenya plans to replace its mobile money platform Orange Money amidst its continued underperformance in the market.
Cytonn Banking report pegs KCB as most attractive bank in Kenya
17-04-2017 | 10:19:00
The Kenya Commercial Bank Group is the most attractive bank in Kenya according to a banking sector report from Cytonn Investments.
Kenya ranks third tourist destination in Sub-Sahara Africa - WEF report
14-04-2017 | 12:24:00
Kenya is now the third highest ranked sub-Saharan African country in terms of its travel and tourism competitiveness, according to a World Economic Forum report.
Kenyan-born Lucy Gichuhi claims Australian senate seat
14-04-2017 | 11:06:02
Family First will regain its Senate seat after Kenyan-born Lucy Gichuhi won a special count of the South Australian ballot papers.
Economic growth in East Africa remains strong despite drought - Report
14-04-2017 | 09:17:00
East Africa's economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report.
[Kenya] Honda Motors set to open assembly plant in Burundi
13-04-2017 | 15:05:16
Japanese automobiles powerhouse Honda Motors is mulling opening an assembly plant in Burundi’s capital Bunjumbura in the medium term.
Small & Medium Businesses can contribute up to 80% of jobs in an emerging economy such as Kenya - Sage regional director, East Africa
13-04-2017 | 10:46:00
The party that emerges as the winner of Kenya’s general election, to be held on 8 August, has an opportunity to supercharge job creation and economic growth by adopting policies that help Small & Medium Businesses to thrive.
M-Pesa pioneer Michael Joseph joins Board of MFS Africa
13-04-2017 | 10:05:21
MFS Africa, a leading Pan-African fintech company, today announces that Michael Joseph has joined its Board of Directors as an independent Non-Executive Director.
Kenya in need of two million more low income homes to boost economic growth
13-04-2017 | 07:22:53
The focus section of the latest edition of the Kenya Economic Update by World Bank has been dedicated to analyzing Kenya’s housing market and the policies that can be put in place to make housing more affordable for many Kenyans, as stipulated in the Constitution of Kenya 2010 and the National Development Plan, Vision 2030 Strategy.
[Kenya] Travel Creations adopts Travelport’s GOL platform to improve customers’ convenience
12-04-2017 | 06:36:00
Leading travel commerce platform Travelport has entered into an arrangement with Kenya’s Travel Creations that will see Travel Creations become the first travel agent in Africa to roll out ‘GOL’ an online booking tool powered by Travelport’s technology.
Kenya, Qatar sign pact on tourism cooperation
12-04-2017 | 06:30:00
Kenya and the rich Persian Gulf nation of Qatar have signed agreements of cooperation on tourism, education and culture as part of activities marking the Emir of Qatar’s State Visit to East Africa’s economic powerhouse.
Kenyan avocado farmers receive GlobalG.A.P certification
11-04-2017 | 13:53:00
More than 300 Kenyan farmers have received GlobalG.A.P. certification - opening the door to the European market - with support from the International Trade Centre (ITC).
[Kenya] Thiagarajan Ramamurthy named new Bidco Africa CEO
11-04-2017 | 07:46:00
Days after exiting retail group Nakumatt Holdings, Thiagarajan Ramamurthy has been named the new chief executive of consumer goods producer Bidco Africa.
General Electric, Kenya Airways, Boeing donate high tech aviation training devices to Technical University of Kenya
10-04-2017 | 10:01:00
Aerospace and Aviation Engineering programme students at Technical University of Kenya (TUK) can now afford hands-on training on a high-tech CF6-80A2 aircraft engine that powers Airbus A310 and Boeing 767.
[Column] Phyllis Wakiaga: Empowering women through renewable energy
10-04-2017 | 08:03:05
The more central energy is to our lives, the more crucial it is to provide equal access and distribution for all in order to secure our country’s future. Increasingly, what we are realizing is that this accessibility is made problematic and the lack of it exacerbated by the growing poverty gap in spite of modern technological advances.
Kenya to merge functions of key financial regulatory bodies
10-04-2017 | 07:56:18
The Kenyan cabinet has approved the draft Financial Services Authority Bill 2016 which will merge the functions of four financial regulatory bodies.
Cross border trade between EAC member states and DR Congo eased with new agreement
10-04-2017 | 07:34:23
TradeMark East Africa (TMEA) has signed a Memorandum of Understanding with Democratic Republic of Congo (DRC) to facilitate projects that will improve cross border trade and enhance trade links between the country and East Africa Community member states.
Kenya set to establish Nairobi Metropolitan Area Transport Authority to end traffic jam
07-04-2017 | 13:35:00
The Kenyan cabinet has approved the creation of the Nairobi Metropolitan AreaTransport Authority, key to removing the capital’s traffic gridlock and unlocking its vast economic potential.
[Kenya] CIC Life Assurance Company introduces paying of premiums via mobile phones
07-04-2017 | 08:59:00
As insurance companies in Kenya looks to novel and innovative ways to increase penetration which currently stands at 3 per cent technology seem as a sure bet to boost this penetration.
[Kenya] CIAO Group announces intent to acquire Provisioning Software Company
05-04-2017 | 09:35:00
Ciao Group, Inc. has announced executing a letter of intent to acquire a Mobile Virtual Network Operator (MVNO) Provisioning Software company in Kenya.
[Kenya] BitHub.Africa announces opportunity report crowdsale campaign for digital currencies' enthusiasts
04-04-2017 | 14:22:19
Nairobi-based blockchain accelerator BitHub.Africa has announced its Blockchain Opportunity Report crowdsale campaign.
[Kenya] Mobile money platform PesaLink signs up two million users
04-04-2017 | 09:15:00
Two million customers have signed up for PesaLink less than two months after the digital bank-to-bank payments platform was launched by the Kenya Bankers Association.
WorldRemit to set up Nairobi office this year
03-04-2017 | 11:39:52
Money transfer firm WorldRemit says that it will set up an office in Kenya this year as it seeks to diversify its business to intra-African remittances.
Sage integrated accounting, payment, payroll & HR systems now available in Kenya
03-04-2017 | 11:32:00
Sage, the market and technology experts in integrated accounting, payroll & HR and payment systems, today announce that Sage One Payroll will be available in Kenya from 3 April.
‘Merck More than a Mother’ from Africa to Asia for the first time, in partnership with ASPIRE
03-04-2017 | 10:35:00
Merck, a leading science and technology company through its ‘Merck More than a Mother’ initiative in partnership with Asia Pacific Initiative on Reproduction (ASPIRE), conducted a panel to address challenges and solutions to improve access to regulated fertility care in Africa and Asia.
50 Kenyan companies listed in London Stock Exchange Group’s inaugural ‘Companies to Inspire Africa’ report
03-04-2017 | 08:38:00
50 companies operating in Kenya are named today in London Stock Exchange’s inaugural ‘Companies to Inspire Africa’ report. Collectively, Kenyan companies make up 14 per cent of the total number of companies in the report, one of the highest concentrations of high growth companies in Africa.
Kenya’s energy and transport sectors receive financial support from European Investment Bank
03-04-2017 | 08:23:00
The European Investment Bank (EIB) has pledged new support for Kenya’s projects in the power and transport sectors. With Cabinet Secretary for the Treasury Henry K. Rotich, the signature of a connectivity project was announced.
African Development Bank finances upgrading and construction of roads to connect Kenya and Uganda
31-03-2017 | 22:02:00
The African Development Bank Group (AfDB) approved $253.0 million of loans to the Governments of Kenya $147.3 million and Uganda $105.7 million for the upgrading of 118 km road section connecting the two countries as well as the construction of the 32 km Eldoret town bypass, in Kenya
Uber and Old Mutual help drivers earn, learn and save
31-03-2017 | 14:58:24
In celebration of Global Money Week, Uber and Old Mutual have announced that they will be extending its free money management course that took place in South Africa to its driver-partners in Accra, (Ghana), Lagos (Nigeria) and Nairobi, (Kenya).
New off grid energy technology promises job opportunities for rural Kenyans
31-03-2017 | 12:17:00
Technology group Wärtsilä has joined hands with Solar Fire Concentration, a Finland based company, to launch a new off grid energy technology that aims to give back to the society by breaking the cost-barriers currently limiting the deployment of solar thermal technologies in local entrepreneurial applications in East Africa.
[Kenya] Total completes acquisition of Gulf Africa assets
31-03-2017 | 06:30:00
Oil and gas company Total has completed the acquisition of Gulf Africa Petroleum Corporation's assets in three East Africa markets in bid to strengthen its grip on the region.
Surf and Facebook launch wifi hotspots in Kenya
30-03-2017 | 11:19:08
Surf and Facebook officially launched Express Wi-Fi by Facebook in Kenya today. This initiative was born from the mutual belief of both organizations that access to internet should be available and affordable for everyone.
Safaricom cuts Lipa Na MPESA tariffs by half, announces MPESA App
30-03-2017 | 06:32:00
Listed telecommunication company Safaricom has announced a number of initiatives that seek to further increase the convenience of M-PESA as it continues to extend the gains of mobile money ten years after its launch in Kenya.
Kenya to launch drought fund to cushion affected areas
29-03-2017 | 08:59:00
Kenya will establish a National Drought Emergency Fund (NDEF) to cushion areas affected by the drought in future, the Government has announced.
[Kenya] Oman Air launches new route to Nairobi
28-03-2017 | 15:33:04
Oman Air, the national carrier of the sultanate of Oman, has launched direct flights to Kenya’s capital Nairobi covering four times weekly flight from Muscat in a move the airline says is part of its ambitious and dynamic programme of fleet and network expansion.
Kenya Power confirms 5.9 Million customers connected to the grid
28-03-2017 | 15:29:00
Kenya Power has confirmed that 5.9 million customers have been connected to the grid to date through ongoing government-led national electrification programmes.
Prompt Payment Report to assist in sector regulation, Kenya Association of Manufacturers says
28-03-2017 | 13:56:16
A report commissioned by the Kenya Association of Manufacturers in partnership with Suppliers Association of Kenya and Retail Trade Association of Kenya, Retrak has been hailed as key in assisting the sector in regulation.
Kenyans abroad are the biggest senders of mobile to mobile remittances - WorldRemit
28-03-2017 | 10:03:00
To mark the 10th anniversary of mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts.
Europe commits to powering more Kenyan households
28-03-2017 | 07:09:13
Hundreds of thousands of households around Kenya can look forward to being connected for the first time to the country's national electricity grid, thanks to a deal signed between the Government and European banks and development organisations.
Results Based Balanced Scorecard Certification Master Class in Nigeria, Ghana, Kenya, Ethiopia and South Africa
27-03-2017 | 09:31:00
Citizens of the world are increasingly demanding that their governments demonstrate results. The introduction of performance management as a reform output was in response to increasing calls for governments to improve accountability and demonstrate value for money.
[Kenya] Britam to sell 10 per cent stake to International Finance Corporation
27-03-2017 | 09:10:22
Shareholders of Britam Holdings have approved the sale of 10.37 per cent stake to International Finance Corporation, the World Bank Group’s private investment and lending arm, for Sh3.55 billion.
Kenya launches world’s first mobile-only government bond
24-03-2017 | 06:26:57
Kenya has launched the world’s first ever mobile only government bond, allowing the average Kenyans to purchase government bonds on their mobile phone as the East African country seeks to tap into the booming mobile money market.
[Kenya] Safaricom unveils ‘Flex’ for customers’ convenience in airtime and data spend
24-03-2017 | 06:09:00
Listed telecommunication company Safaricom has launched an innovative product named ‘FLEX’ that gives customers freedom to choose how they allocate airtime for calls, SMS or data services, in line with customer feedback.
[Column] Bob Koigi: Smallholder irrigation a key panacea to Africa’s perennial food shortage
24-03-2017 | 06:00:33
Farmers in Africa can create a trillion-dollar food market by 2030 if they expanded their access to more capital, better technology, irrigated land and grow high-value nutritious foods according to a very insightful World Bank report dubbed Growing Africa: Unlocking the Potential of Agribusiness report in Africa.
[Interview] David Njenga, Creative Director, Nick Creations
23-03-2017 | 06:38:00
David Njenga is Creative Director at Nick Creations, an Agency that specializes in brand development, market research and Public Relations. He talked to Africa Business Communities about brand development and diversification and Nick Creations’ role in positioning brands in Kenya and across the continent.
[Kenya] Sanlam Group acquires majority stake in PineBridge Investments East Africa Limited
23-03-2017 | 05:45:48
Listed diversified Pan-African financial services group The Sanlam Group, through its subsidiary Sanlam Emerging Markets (SEM), has reached an agreement with PineBridge Investments (“PineBridge”), a global multi-asset class asset manager, to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited in Kenya (PIEAL).
Internet Solutions Kenya selects Telco Systems to upgrade its fiber network to 10GB
22-03-2017 | 11:48:00
Provider of innovative CE 2.0, MPLS, IP and SDN & NFV solutions, Telco Systems and Internet Solutions Kenya, a Pan-African communications service provider of cloud, communication, connectivity and carrier services within Kenya and connecting outside Kenya,
[Kenya] Diamond Trust Bank to acquire Habib Bank
22-03-2017 | 10:21:10
Mid-tier Diamond Trust Bank plans to acquire small-sized Habib Bank subject to regulatory approvals underlining rising consolidation in the industry.
[Kenya] Capital Markets Authority targets listing 40 companies in the Growth Enterprise Market Segment by 2023
21-03-2017 | 14:42:56
In its drive to increase listings on the Nairobi Securities Exchange (NSE), in line with the objectives of the 10-year Capital Market Master Plan (2014-2023), the Capital Markets Authority (CMA) has signed up 70 potential issuers for the Business Incubator and Accelerator on the Listing Experience event.
D.light reaches over 4800 off grid households with Pay-Go- Solar home system in six months
21-03-2017 | 11:38:41
With 120,000 units sold, almost all within the first six months of its October 2016 global launch, d.light's D30 Pay-Go solar home system is proving to be the fastest pay-as-you-go off-grid solar product to reach scale.
[Kenya] Mary Wanyeri appointed HR Manager at OLX
21-03-2017 | 11:28:00
Online company OLX has hired former Jumia Human Resource Manager Mary Wanyeri to head its HR department.
[Kenya] Ban on plastic bags will cut jobs and affect livelihoods, Kenya Association of Manufacturers
21-03-2017 | 06:25:16
Kenya Association of Manufacturers (KAM) has stated that local manufacturers were not consulted on the impending ban of plastic bags following the ban to use, manufacture and import all plastic bags.
Afreximbank and TDB close $500 million syndicated loan facility for Kenya
21-03-2017 | 06:16:42
The Trade Development Bank (TDB), formerly known as PTA Bank, and the African Export-Import Bank (Afreximbank) have closed a $500 million dual-tranche syndicated loan facility for the Government of Kenya which acted through the country’s National Treasury.
[Kenya] More banks given go-ahead to roll out mobile cash
20-03-2017 | 11:55:16
The number of commercial banks approved by the Central Bank of Kenya to operate interbank mobile money transfer platform, PesaLink, has doubled to 24 from 12.
[Kenya] Nairobi among leading African destinations on the Fortune 500 list, Infomineo report
17-03-2017 | 10:19:21
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
[Kenya] Commercial Bank of Africa unveils first of its kind mobile based banking solution
16-03-2017 | 12:04:00
Commercial Bank of Africa has announced the launch of a new digital banking solution based on a mobile app named Loop, making it the first of its kind in Kenya and in the region.
Government reviving Kenya National Shipping Line to tap $3 billion potential
15-03-2017 | 15:02:00
The Government has announced plans to revive the Kenya National Shipping Line that has the potential to contribute $3 billion into the country’s economy annually.
[Kenya] General Motors in deal with Cooperative bank to finance MSMEs in motor industry
15-03-2017 | 11:00:00
General Motors EA has inked an asset finance partnership with tier two lender Cooperative Bank which paves way for the bank’s MSME clients getting a 95 per cent financing on Isuzu vehicles.
Johnson & Johnson opens regional offices in Ghana and Kenya
15-03-2017 | 06:50:33
American pharmaceutical and consumer packaged goods manufacturer has set up shop in Nairobi Kenya and Accra Ghana representing a novel approach to how Johnson & Johnson seeks to develop partnerships, products and service delivery models that address neglected and emerging health issues.
IFC and CDC invest $35 million to support Kenya’s economy through modern warehousing development
14-03-2017 | 10:15:00
International Finance Corporation, and CDC Group, the UK’s development finance institution, will invest up to $35 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern, grade-A warehousing, filling an important gap in logistics infrastructure in the region.
[Kenya] Sidian Bank turns to IBM to fuel its digital transformation
14-03-2017 | 06:52:00
Kenya’s lender Sidian Bank turned to IBM Cloud and Cognitive solutions to fuel its digital transformation. This helps the bank provide its growing customer base of small and medium-sized businesses with faster access to existing services like debit and credit card processing, bank account opening, teller services and wealth management.
Mergers and Acquisitions action shifts from West to East Africa, report
13-03-2017 | 16:06:00
Despite market deal volumes being down by nearly a third for Africa Mergers and Acquisitions, M&A in 2016, international law firm Clifford Chance saw an increase in M&A instructions in Africa in the same period.
Hurricane Electric continues commitment to Africa with major network buildouts
10-03-2017 | 12:11:27
World’s largest IPv6-native Internet backbone, Hurricane Electric has announced a significant buildout of its global IPv4 and IPv6 network throughout several regions in the Middle East and Africa.
Ciru Miring’u appointed head of East Africa operations at Nestlé
10-03-2017 | 08:19:24
Nestlé has announced the appointment of Kenyan, Ciru Miring’u as head of the company’s operations in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan. Ciru becomes the first local manager to head the East African cluster of the Swiss based world's leading Nutrition, Health and Wellness Company.
[Column] Bob Koigi: Why we need change of tact in feeding a burgeoning population
10-03-2017 | 07:56:30
An array of population explosion, demand for food, and changes in weather are conspiring to defeat the food security resolve in the country.
The Direct Pay Online Group expands to Southern Africa
09-03-2017 | 15:30:44
The Direct Pay Online Group, (DPO Group), East African online payment service provider announced today that it is acquiring 100% of the equity in Virtual Card Service (“VCS”) in Botswana and Namibia. This will be closely followed by the acquisition of 100% of VCS business in South Africa.
East Africa Metals closes $5.2 million non-brokered private placement
09-03-2017 | 15:24:52
East Africa Metals Inc has announced the closing of a $5.2M private placement with Shandong Tyan Home Co., Ltd. , a Chinese listed public company. The private placement will finance ongoing exploration and project development activities at the Company's Harvest and Adyabo projects, located in the Tigray region of the Federal Republic of Ethiopia.
mSurvey and Safaricom launch first cash economy research platform in Africa
09-03-2017 | 08:18:36
mSurvey, the only global mobile-first research platform leveraging SMS and mobile messaging technology to simplify access to credible, on-demand data from the emerging world, and Safaricom, a leading communications company in Kenya, have launched Consumer Wallet, a groundbreaking platform that quantifies offline consumer spending habits and trends.
[Interview] Lex Lindeman, Founder, HR Boosters
08-03-2017 | 06:14:00
Africa Business Communities interviews Lex Lindeman, Africa’s leading people development coach. He is the founder and talent developer at HR Boosters, a training and management culture consultancy company with huge experience in Africa. It organizes high-speed and high-impact workshops on management skills for people managers.
Beverley Spencer-Obatoyinbo appointed British American Tobacco Kenya Managing Director
08-03-2017 | 05:51:40
Cigarette manufacturer British American Tobacco Kenya has announced that it has picked Ms Beverly Spencer-Obatoyinbo as its new Managing Director. Ms Spencer-Obatoyinbo who will assume office on May 1 will take over from Keith Gretton who has been at the helm of the company since July 1 2015.
[Kenya] MPESA celebrates over 16 million customers ten years into existence
07-03-2017 | 12:51:30
As Kenya’s telecommunication company Safaricom marks 10 years since M-PESA’s launch on 6th March, 2007, a new ‘True Earnings’ Report by KPMG, using KPMG’s ‘True Value’ methodology finds that customers have, by far, been the largest financial beneficiaries of the platform.
East Africa Business Council endorses Africa’s first ever cross cultural summit for CEOs
07-03-2017 | 06:45:00
The East Africa Business Council, the region’s umbrella body for the business community, has endorsed the premier summit in Africa targeting CEOs, Managing Directors and heads of public institutions in East Africa.
[Kenya] Government to start cash payouts for pastoralists
07-03-2017 | 06:28:25
President Uhuru Kenyatta will this week formally launch cash payouts to support pastoralists to purchase fodder and animal feed for their stock until the drought comes to an end.
Merck empowers Kenyan women through ‘Merck More than a Mother’ and ‘Merck STEM for Women and Girls’ programs
06-03-2017 | 10:21:05
Merck, a leading science and technology company, today announces their commitment to empower Kenyan women through their ‘Merck More than a Mother’ and the start of ‘Merck STEM for Women and Girls’ programs.
[Kenya] ShowMax sets up East Africa Headquaters at the Nairobi Garage
06-03-2017 | 10:12:33
Internet TV company ShowMax has set up its East Africa headquarters in Kenya at the Nairobi Garage co-working space, and is in the process of recruiting for a number of new roles based in this office.
[Kenya] President signs into law Anti Money Laundering bill
06-03-2017 | 07:25:24
President Uhuru Kenyatta has signed amendments to the Proceeds of Crime and Anti-Money Laundering (Amendment) Bill 2017, a tough legislation aimed at combating economic crimes, into law.
[Kenya] Safaricom makes two new management appointments
03-03-2017 | 11:17:36
Kenya’s communication service provider Safaricom has made two key management appointments as it seeks to tap into the entrants’ expertise and understanding of the region.
[Column] Bob Koigi: Rosey days ahead for Kenya flowers with the approval of direct flights to US
03-03-2017 | 06:12:37
The recent upgrading of Jomo Kenyatta International Airport to Category A status which now approved non- stop flights between Kenya and United States is one of Kenya’s greatest landmarks.
[Kenya] Low seed volume and limited crop choices at local agrodealers threaten food security, study
02-03-2017 | 11:28:00
As Kenyans brace for another bout with drought, a new study released today finds local agrodealers could play a pivotal role in helping farmers adapt to climate change—yet their assistance is severely limited by a shortage of certified crop seed stocks and financing options.
[Kenya] Safaricom introduces real time price checks on MPESA
02-03-2017 | 11:20:07
Listed telecommunication provider Safaricom has updated its mobile money transfer service M-PESA to enable customers to automatically receive information on the cost of each transaction.
Kenyans transact record $33b on mobile money in 2016
02-03-2017 | 10:11:25
Kenyans moved a record 33 billion U.S. dollars on mobile money in 2016, up from 27.8 billion dollars from the previous year, the latest data from Central Bank of Kenya showed Monday.
Boeing opens Kenya and South African offices
01-03-2017 | 14:58:27
U.S.-based aerospace and Defense Company Boeing International plans to open two new offices in Johannesburg, South Africa and Nairobi, Kenya, the company said in a statement.
Fero Mobile launches iris smartphone in Kenyan market
01-03-2017 | 07:09:30
Leading Mobile brand Fero has unveiled its latest smart phone device Fero Iris in the Kenyan market. Fero Iris comes with a unique security feature that allows users to unlock their screens using their eyes.
[Kenya] Drought pushes inflation to highest levels since 2016
01-03-2017 | 06:48:00
February has seen Kenya’s inflation climb to its highest since 2016 as the effects of the ongoing drought continues to pile pressure on the cost of food according to recently released data from the Kenya Bureau of Standards.
Isuzu Motors acquires General Motors East Africa with eye on regional expansion
28-02-2017 | 15:39:52
Isuzu Motors and General Motors Co. have reached an agreement that Isuzu will invest in General Motors East Africa, GMEA. Isuzu is making this investment with the intention of expanding its commercial vehicle production and sales in Eastern Africa.
Acacia Mining strikes gold in Western Kenya
28-02-2017 | 13:17:06
UK Mining and exploration company Acacia has announced discovery of 1.31 million ounces of gold resources in one of the highest grades project in Africa according to the company.
[Kenya] Actis partners with Arc skills to bridge construction skills gap
28-02-2017 | 10:11:51
Multi asset emerging market investor Actis has partnered with Arc Skills to bridge skills gap in the growing construction industry.
[Kenya] Freight in Time targets region with new office
28-02-2017 | 08:08:35
Freight in Time, a global logistics company which is the authorized services contractor of global logistics company UPS has set shop in Kenya’s coastal town of Mombasa as it seeks to grow foothold in the region.
[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.