Tullow Oil plc has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered around 75 metres of net oil pay in two zones.
Xpress Money, a global money transfer brand, has seen a 14 per cent increase in remittances from the UAE that culminate onto mobile wallets in Kenya in the last two years.
Safaricom has announced that it has invested approximately $2 million in a first of its kind telecommunication lab in Kenya.
As more and more African companies start to embrace the concept of shared services, heads of Finance, Human Resources, ICT and more gather in Nairobi to learn best practices for implementation.
Kenya’s tourism sector got a major boost as President Uhuru Kenyatta opened two international hotels and laid the foundation stone for the tallest building in Africa.
Safaricom has opened its 45th shop in Kitengela town and unveiled its Nairobi East Regional Office as part of its ongoing strategy to increase customer touch points.
Whether you are already using drones or are looking to use drones, make certain you know about the updated KCAA regulations, as well as the different applications for drones that can help your company reduce costs, save time, and possibly even save lives.
Xago Africa and Alevo Analytics partner with US Trade and Development Agency to provide technical assistance for energy storage in Kenya
USTDA is partnering with Kenyan renewable energy developer Xago Africa and US battery storage manufacturer Alevo USA, Inc and analytics service provider Alevo Analytics to support the development of a utility scale solar photovoltaic power plant with integrated battery storage in Siaya County, Kenya.
Sole authorized dealer for Caterpillar products in Kenya, Mantrac Kenya Limited yesterday hosted one ofthe Group Presidents of Caterpillar, Rob Charter, who was in the country in a bid to further cement the business in the market.
CNN’s ‘African Voices’, programme interviews Kenya’s rapper Khaligraph accompanying him to learn more about his influences, which include a mixture of western rap and his Kenyan upbringing.
Kenya Association of Manufacturers has launched the first ever Women in Manufacturing Programme in Kenya. This is a mentorship and networking platform aimed at increasing the participation of women in the manufacturing sector as part of the drive to industrialize for a stable and sustainable economic future for Kenya.
Standard Chartered Bank has unveiled Video and Chat Banking service in Kenya following the successful roll-out of the service in Asia. The service allows clients to connect with banking agents via a secure video connection – or through chat or audio channels. Following the launch, the service is now available to more than five million clients across Africa, Asia and the Middle East.
Safaricom Limited has noted the announcement by Vodafone Group Plc regarding the proposed transfer by its wholly-owned subsidiary, Vodafone International Holdings B.V., of part of its indirect interest in Safaricom to Vodacom Group Limited, its sub-Saharan African subsidiary.
International Finance Corporation has announced a $10 million loan to Fertiplant East Africa Ltd to enable the company to set up a fertilizer plant in Kenya. The plant will supply locally produced fertilizer at affordable prices, helping farmers improve crop yields and their incomes.
On average Kenya imported around 500,000 metric tons of fertilizer each year to sate growing demand by farmers both large and small scale, emerging as the second largest fertilizer market in Africa after South Africa in overall tonnage.
The Board of Directors of SBM Holdings Ltd (SBM Group) has announced the official takeover of Fidelity Commercial Bank in Kenya through its subsidiary SBM Africa Holdings Ltd.
Kenya’s President Uhuru Kenyatta has met Prime Minister Theresa May and sought a pact to guarantee Kenyan exports accessed the UK market on a duty-free quota-free basis after the country exits from the European Union.
BringCom Incorporated, a leading provider of connectivity solutions to developing countries, announced that it has reached a tentative agreement to acquire Datanet.Com, LLC.
Kenya has set its eyes on Benin in its latest quest to expand the export market for its products, including coffee, tea and fresh produce.
Britam Asset Managers has lowered its money market fund investment amount to Ksh 1,000 in a bid to encourage Kenyans to save more. The Britam Money Market Fund will allow investors to invest from as low as Kshs 1,000 with subsequent top ups of Ksh 1,000.
Kenya's shareholding in African Trade Insurance Agency has been marginally diluted following entry of four new investors, the largely political risk and investment guarantee firm has said.
Over 5,000 flower growers, breeders and buyers are set to congregate in Nairobi next month for the annual International Flower Trade Expo, now in its sixth year.
The Helix Institute of Digital Finance has launched new courses in addition to its flagship offering the Agent Network Accelerator (ANA).
Kenya’s national carrier Kenya Airways has appointed Polish national Sebastian Mikosz as the new managing director and CEO taking over from Mbuvi Ngunze According to the carrier’s chairman Michael Joseph, the appointment is effective June 1.
The Kenya Private Sector Alliance (KEPSA) has appointed Mr. Nicholas Nesbitt as the new KEPSA Chair. Mr. Nesbitt, who is also the General Manager IBM East Africa, takes over from Ambassador Dennis Awori, Chairman Toyota Kenya Limited who served the Board of KEPSA as chair for two years.
The Kenyan Government has provided a vote of confidence in the implementation of the Huduma Card in the country, and its role in driving financial inclusion.
Kenya Airways has signed a strategic partnership with Kenya Tourism Board aiming to attract more visitors especially from emerging and key source markets of Kenya.
Agence Française de Développement (AFD) in partnership with Kenya Association of Manufacturers (KAM) held a high level workshop on Sustainable Use of Natural Resources and Energy Finance Programme (SUNREF) East Africa to discuss among other things, the opportunities and challenges of SUNREF since its inception in Kenya in 2011.
Royal Philips today announced its full support for a new Government of Kenya and United Nations (UN) initiative aimed at strengthening primary and community healthcare in Africa.
Members of the World Trade Organization have picked the Kenyan ambassador to the organization Mr. Stephen Karau, to chair negotiations on agricultural trade issues at the Geneva-based organisation, breaking months of deadlock over who should take on the role.
Inside Africa on CNN International reports from the Kibera district of Nairobi, an area which is home to around a quarter of a million people, but also a rising performing arts programme in Africa’s largest slum.
Stanbic Bank has launched a training and mentoring programme for small and medium enterprises (SMEs) in partnership with Strathmore Business School.
The East African Community Partner States have undertaken a number of reforms over the past four years to facilitate implementation of the EAC Common Market Protocol, this is according to the East African Common Market Scorecard.
Given the long history of drought in this continent, I believe that it is time we stop viewing it as an exogenous shock and more as a structural problem that we can address with our own abundant resources.
Octant Energy Corp has announced that it has entered into three agreements with subsidiary companies of Afren PLC to acquire assets in Kenya and Tanzania. The assets include Kenya Block L17/L18, Kenya Block 1, and in Tanzania, the Tanga Block.
KOKO Networks, a tech platform that connects suppliers, retailers and consumers has launched their technology in Nairobi.
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.
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.
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.
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.
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
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 plans to replace its mobile money platform Orange Money amidst its continued underperformance in the market.
The Kenya Commercial Bank Group is the most attractive bank in Kenya according to a banking sector report from Cytonn Investments.
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.
Family First will regain its Senate seat after Kenyan-born Lucy Gichuhi won a special count of the South Australian ballot papers.
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.
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
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.
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.
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.
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 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.
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).
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
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.
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.
The Kenyan cabinet has approved the draft Financial Services Authority Bill 2016 which will merge the functions of four financial regulatory bodies.
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.
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.
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.
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
Nairobi-based blockchain accelerator BitHub.Africa has announced its Blockchain Opportunity Report crowdsale campaign.
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.
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, 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, 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
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.
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.
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
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).
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.
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 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.
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 will establish a National Drought Emergency Fund (NDEF) to cushion areas affected by the drought in future, the Government has announced.
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.