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 has confirmed that 5.9 million customers have been connected to the grid to date through ongoing government-led national electrification programmes.
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.
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.
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
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.
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 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.
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.
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.
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.
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).
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,
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
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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’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.
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.
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.
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.
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, (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 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, 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.
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.
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.
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.
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.
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
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.
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.
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’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.
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.
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.
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 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.
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.
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.
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 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.
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.
Multi asset emerging market investor Actis has partnered with Arc Skills to bridge skills gap in the growing construction industry.
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.
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’s Mobile Technology firm Tala, formerly Mkopo Rahisi, has raised over $30 million in a new round of funding for expansion into new markets.
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’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.
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.
Online hotel booking company Jumia Travel has launched flight services for local and international travelers across the world.
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.
Listed telecommunication firm Safaricom has announced that it will be taking 63 university students under its 2017 technology internship program.
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.
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.
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.
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
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.
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 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, the world’s leading international express services provider, has announced the launch of On Demand Delivery for the Sub Saharan Africa (SSA) region.
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.
A paltry 12 per cent of Kenyans have any form of insurance programme according to a survey by online service provider Daktari Africa.
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
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.
The soft drinks industry led advertisers by spending $41 million in local print, radio and television platforms last year.
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.
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.
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.
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.
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 has unveiled a new inter-bank application that will enable the transfer of funds from one bank account to another in real-time.
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.
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.
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.
Wananchi Group Kenya Limited has announced the appointment of Mr Thomas Hintze as its new Group Chief Executive Officer.
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 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.
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 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.
The World Bank has approved financing of a $250 million smart agriculture project in Kenya that will run for five years.
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 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.
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.
Safaricom Spark Venture Fund has today announced its investment in FarmDrive, a data analytics startup that connects small-scale farmers to financial services.
East Africa Private Equity and Venture Capital Association has appointed Eva Warigia and Esther Ndeti the co-executive directors to run the lobby.
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.
Sanlam Kenya has announced the withdrawal of an earlier posted profit warning notice ahead of its full-year results release following good growth prospects.
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.
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.
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.