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.
P Live in partnership with Facebook will live-stream the Kenyan Presidential Debate that is scheduled to hold on Monday, 24th of July at 5.30pm.
Kenya's flag carrier, Kenya Airways, is broadening its revenue streams, having implemented the latest group booking technology from Sabre Corporation.
Kenya is poised to join a United Nations-led programme that helps promote entrepreneurship by building capacity for small businesses around the globe.
[Kenya] M-Shule receives cash investment from Engineers without Borders Canada to scale education by SMS
Engineers Without Borders Canada has announced its investment in M-Shule, a Kenyan-based EdTech company using SMS to deploy tailored education content for children in Sub-Saharan Africa.
SAP Skills for Africa launches East African chapter with participation from Kenya, Rwanda, Uganda, Ethiopia
SAP Skills for Africa has launched its first-ever East African programme at an event held in Nairobi, Kenya.
Vodacom minority shareholders have overwhelmingly voted in support of the proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom Kenya.
Africa Plantation Capital, one of the APC Group's associated companies, has now expanded its operations in Kenya with the acquisition of one more large piece of land for the creation of Phase 2 of its high value bamboo plantation operations.
[Kenya] CMA seeks to develop sector with new policy for issuance of Global Depositary Receipts and Notes
In order to deepen and develop the capital markets through innovative products, the Board of Capital Markets Authority (CMA) has approved a Policy Guidance Note (PGN) for the listing and trading of global depositary receipts and notes.
Mobisol has strengthened its capital base by an additional substantial senior loan facility from Finnfund (Finnish Fund for Industrial Cooperation Ltd.), following an already provided senior loan in 2016
One of New Zealand's longest-running pioneering businesses, Gallagher Power Fence Systems Limited, has announced plans to expand operations in Kenya at Tatu City.
Court declines to stop East African Community member states from signing Economic Partnership Agreement
The East African Court of Justice has declined to grant orders to stop East African Community Partner States which have not signed the European Partnership Agreement (EPA) not to sign the same.
Beryle Uza is the Managing Director of Angled North, a Marketing Consultant firm focused on lead Generation, executive branding and career navigation for African management professionals.
SNC-Lavalin Group Inc has announced that it has completed the acquisition of WS Atkins plc one of the world’s most respected consultancies in design, engineering and project management.
Telecoms operator Safaricom’s mobile money agents will soon start using photos to identify those withdrawing or depositing money on the popular M-Pesa platform in a new push to curb fraud.
An innovative, mobile phone-driven cash programme has helped prevent nearly 250,000 people from slipping into severe food insecurity in drought-ravaged Kenya.
South Africa’s market leader in corporate and promotional branding, Barron has entered into a strategic partnership with Ramco Group that will see Ramco distribute promotional materials on behalf of Barron.
Visa and Direct Pay Online Group have announced that they are enabling 20,000 more merchants to accept mVisa payments, facilitating mobile commerce in Kenya.
The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 1 million Emergency Humanitarian Assistance to people affected by drought and famine in Kenya.
Diamond Trust Bank Kenya (DTB) and Mastercard have announced their partnership to roll-out the DTB Masterpass QR app in Kenya, a mobile payment solution that will enable millions of businesses to accept fast and secure digital payments from consumers.
The Government of Kenya has launched Young Scientist Kenya (YSK) in collaboration with the Embassy of Ireland and BLAZE youth platform by Safaricom.
The Kenya horticulture sector is set to undergo major changes as the country fights to consolidate its international markets.
Kenya Association of Manufacturers in partnership with German Corporation for International Development (GIZ) have launched the Technical and Vocational Education and Training programme in Central Kenya.
A beneficiary of the Tony Elumelu Entrepreneurship Program, Alternative Waste Technologies, Kenya has, in the two years since its inception, made significant leaps in energy production and environmental conservation.
Kenya Commercial Bank Kenya is poised to weather an increasingly challenging environment, riding an established domestic market position and sound liquidity position Global Credit Rating Co. (GCR) has said.
As Kenya prepares for its General Elections in August, the government has outlined its fiscal strategy with further growth expected in the economy and several changes to tax laws established to support budgetary considerations.
Fountain Technologies Ltd (FTL) has entered into a strategic business alliance with Ferri Group, a Luxembourg based company, which will see the two companies jointly bid and tender for industrial and electrical projects.
The Abraaj Group, a leading investor operating in growth markets, announced that it is set to acquire a 100 per cent stake in Java House Group East Africa’s leading coffee-led casual dining chain.
Though the story line on Africa has progressed – it is no longer about “saving” Africa, but how best to promote investments in Africa – there is still work to be done to tackle inaccurate information about Africa that persists in mainstream media.
Safaricom will over the next three weeks conduct a major upgrade of the M-PESA platform.
Standard Chartered will increase funding to the Small and Medium Enterprise sector by 3 per cent this year.
The Capital Markets Authority (CMA) has lauded Government efforts to deepen Islamic Finance in Kenya, following the Presidential assent of the Finance Act 2017 confirming Kenya’s commitment to positioning itself as a regional Islamic Finance hub.
South African companies taking part in the Outward Selling Mission in Kenya have identified several business opportunities in different sectors.
Kenya is the latest country to become a member of the Africa Finance Corporation, a leading pan-African multilateral development finance institution and project developer.
Safaricom has partnered with mSurvey to launch Consumer Wallet, a versatile mobile platform that quantifies offline consumer spending habits and trends.
Newly rebranded Telkom has announced expansion of its 4G network to 19 more towns giving Kenyans an alternative to experience faster Internet speeds.
The Capital Markets Authority (CMA) has announced the gazettement of the Stewardship Code for Institutional Investors. This framework is only the second of its kind in Africa after South Africa.
South Africa and Kenya commit to building mutually sustainable relations in pursuit of Africa Agenda 2063
South African businesses have a crucial role to play in growing the Kenyan economy following from the commitments made during the State Visit by President Jacob Zuma in October last year.
The Kenya horticulture sector is set to undergo major changes as the country seeks to consolidate its international market, the Fresh Produce Exporters Association of Kenya (FPEAK) Chairman Apollo Owuor told a gathering of exporters in Nairobi last week.
[Africa CEO Forum] What - if anything - can other African countries learn from Ethiopia and it's economic success?
As the founder of the Africa CEO Network I would like to invite you to participate in our forum on Ethiopia.
Safaricom has launched Connected Farmer, a mobile and web based service that will help agricultural processing businesses in production planning by opening a communication line with farmers.
Kenya is the latest country to become a member of Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer.
Passengers travelling on the Madaraka Express trains between Nairobi to Mombasa will from Wednesday pay their fares via M-Pesa, removing a hurdle that had opened the ticketing business to middlemen.
Utility company Kenya Power is targeting to bring down the timeline for connecting new commercial customers to less than two months.
Kenyan food is set to be safer than ever after the European Union made available state-of-the art equipment that will enable national food control authorities to test the quality and safety of a wide range of food products.
Digital Financial Services Lab (DFS Lab) has announced that it would invest $250,000 in four separate fintech startups that are building products that help low-income consumers in developing markets.
Kenya’s national carrier, Kenya Airways has confirmed it has received the government’s support to the restructuring efforts.
Agro input company Elgon Kenya has unveiled a first of its kind information center, meant to address smallholder farmers concerns and questions in their food production pursuit.
Safaricom has announced a 36% increase in the amount Kenyan artists will earn for music sold through the SKIZA music platform.
Uganda-based solar energy company SolarNow is due to open its first branch in Kenya on June 20th.
[Column] Bob Koigi: Awakening the giant: How Ethiopia overtook Kenya to become East Africa’s economic power house
Kenya has traditionally held the enviable position of being the East African economic behemoth. But tables have now turned, and in a dramatic way.
Kenya Bankers Association (KBA) and the Kenya Institute of Management (KIM) have signed an agreement to train Micro, Small and Medium Sized Enterprises (MSMEs) in Kenya.
[Kenya] Kabarak University partners with General Electric Healthcare to develop $450m medical campus
Kabarak University is partnering with international organizations to develop a 500-bed, state-of-the-art, multi-disciplinary tertiary hospital to be located in Kabarak, Nakuru County.
The East Africa region attracted more than Sh113.7 billion ($1.1 billion) funds from Private Equity (PE) between 2015 and 2016, a new study has revealed.
President Uhuru Kenyatta has recommended that betting, lotteries and gaming activities should be taxed at the rate of 35 percent.
Kenya Airways has moved a step closer to operating direct flights to the United States after the Department of Transportation (DOT) granted it the first set of licences.
Chinese motor vehicle dealer Foton, East Africa's multi-million shilling Nairobi assembly plant, is set to be auctioned to repay debts.
[Kenya] KAM champions manufacturing agenda for industrial growth and job creation ahead of national elections
As part of its endeavour to grow the economy through industrialization, Kenya Association of Manufacturers is engaging political leaders during the pre-election period with the aim of sharpening the focus on the economic agenda of this country in their political party manifestos.
Leading agro input dealer Elgon Kenya has entered into a strategic partnership with respected IPM category products producer Dudutech that will see Elgon distributes Dudutech’s globally recognized products, an arrangement billed as a game changer to the horticulture industry in the country.
[Column] Brett Parker: How homegrown innovation is solving many of Africa's most pressing challenges
By now, I am convinced that you have heard of M-Pesa, the popular and often-cited mobile banking system that has become Africa's innovation calling card.
Bechtel, a global leader in engineering, procurement, and construction, today announced the opening of a regional Africa office in Nairobi, Kenya.
Coffee farmers aligned to the Nestlé’s Nescafé Plan program in Kenya have received one of the best payouts in 5years as a result of a sharp rise in the production of premium grade coffee.
The International Chamber of Commerce (The ICC) has launched the Kenyan chapter ICC-Kenya, which is a first in Eastern Africa.
Huawei, a leading global Information and Communications Technology (ICT) solutions provider, announced recently that the railway operational communications network it built for Kenya's Mombasa-Nairobi rail project was put into commercial use.
Intelsat, operator of the world’s first Globalized Network and leader in integrated satellite communications, has announced that it has opened a new office in Nairobi, Kenya.
Safaricom has launched eco-friendly carry bags to replace the plastic bags that the company uses in its retail shops.
The private sector has presented a report card that gives a thumbs-up to the Kenyan government’s performance in creating the right environment for business.
Hass Petroleum Group has sold 40 per cent of its shares to Oman Trading International (OTI) in a move that will see the Kenyan oil marketing company embark on its strategic growth and expansion plans across the Eastern, Central and Horn of Africa.
Kenya Airways has signed a codeshare agreement with EgyptAir (MS), on the Nairobi-Cairo route, in a bid to improve connectivity to Egypt in Northern Africa.