Kenya calls on African governments to assist private sector participate in infrastructure development
Kenya’s President Uhuru Kenyatta has urged African Governments to create an enabling environment to enable the private sector to participate more in the development of critical infrastructure in Africa.
GE Healthcare and Medical Credit Fund (MCF)-part have entered into a partnership to enable small and medium private healthcare providers to access loans for the purchase of GE Healthcare manufactured medical equipment.
Kenyan banks are now working with Safaricom's M-PESA mobile payments service to offer saving and loan products, a credit positive, Moody's Investors Service says in a recently released report.
Safaricom has today launched this year’s smartphone campaign that will be introducing the most affordable 4G devices in Kenya ;- Neon Ray and Neon Nova.
The KCB Group has made an offer to acquire 100% of the ordinary shares of National Bank of Kenya (NBK).
NIC Group has announced that during the Annual General Meeting held on Wednesday, 17th April 2019, its shareholders overwhelmingly approved the merger with Commercial Bank of Africa (CBA).
AI has the potential to enhance productivity and growth by expanding opportunities in key sectors for Kenya and the wider continent.
Customers who shop for Jumia Global items will enjoy free international delivery after Jumia announced that it has scrapped the international shipping fees.
MEST Africa, the Pan-African entrepreneurial training program, seed fund and incubator, has officially announced its fourth annual MEST Africa Summit, in collaboration with Microsoft.
Telkom Kenya has introduced a new cloud-based fixed voice service dubbed “Omniconnect”, allowing SMEs and corporates to outsource for robust and secure cutting-edge technology.
Kenya Airways has reached an agreement with Delta Airlines to activate its codeshare in the US and Canada.
Kenya’s largest grower of rose flowers, Oserian Development company, has been recognized as the renewable energy champion further boosting its goal of creating a carbon-free environment by 2020.
The Nairobi Securities Exchange (NSE) has admitted Vehicle and Equipment Leasing Limited (VAELL) onto its premium incubation and acceleration program, Ibuka.
The Nairobi Securities Exchange (NSE) has admitted Myspace Properties onto Ibuka, NSE’s incubation and acceleration program.
The Kenya Revenue Authority (KRA) has improved the Value Added Tax (VAT) return verification module on iTax.
Kenya has closed in on the top 50 ranking in the ease of doing business after targeting reforms in ease of paying taxes and trading across border indicators.
Kenya’s Cabinet Secretary for Foreign Affairs, Monica Juma, has called on South Africa to tap into the lucrative investments opportunities in Kenya, especially in food security, manufacturing, universal health care and affordable housing.
Rendeavour has installed its first solar power plant in Kenya, as part of a 30 MW strategy for Tatu City, the company's new city development in Nairobi.
[Kenya] UAE Ministry of Foreign Affairs and International Cooperation trains 100 women leaders in hospitality and tourism
The UAE Ministry of Foreign Affairs and International Cooperation and Kenyan Ministry of Tourism and Wildlife have sponsored 100 Kenyan women to qualifying them for the hospitality and tourism sector.
Global agri-technology company, Devenish, has announced a $2.25 million investment in Kenyan company, Sidai Africa Ltd.
Copia Kenya has launched a new online shopping solution that makes it easier for people living in urban areas to buy goods and have them delivered to their friends and family upcountry.
The introduction of the P 30 Series – P30 Pro, P30 and P30 Lite according to the company is of its agenda to build an interconnected world.
Mettā Nairobi in Partnership with What Design Can Do (WDCD), Social Enterprise NL and IKEA Foundation has announced the launch of Clean Energy Accelerator Program.
Office yields remained largely stable in most African markets over the past two years, anchored by patient domestic capital as local investors assume a longer-term perspective, a new analysis by Knight Frank shows.
Schiphol, Kenya Airports Authority and Galapagos Airport sign agreement to tackle wildlife trafficking
Royal Schiphol Group, Kenya Airports Authority and Galapagos Airport have signed the United for Wildlife (UFW) Transport Taskforce Buckingham Palace Declaration to combat wildlife trafficking.
Safaricom has partnered with Showmax to offer its Home Fibre customers one-month unlimited access to the streaming service at no cost.
Visa, the global payments technology company and Branch, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2 million consumers in Sub-Saharan Africa.
Standard Chartered Bank today announced the official opening of its Africa eXellerator lab, an innovation hub that will serve as a platform to collaborate with fintechs in Kenya and the broader African region.
Dell Technologies is now banking on Multi Cloud Technology, Artificial Intelligence and Internet of Things to provide enterprises with enhanced solutions as Kenya gets into the digital transformation era.
Kenya’s real gross domestic product is projected to grow by 5.7% in 2019, a slight decrease from the estimated 5.8% growth experienced in 2018, according to the new World Bank Kenya Economic Update.
[Kenya] Commercial office sector rental yields in Nairobi Metropolitan area grows to 8 per cent, Cytonn report
Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its Nairobi Metropolitan Area Commercial Office Report – 2019.
Alternet Systems.has confirmed that its management will meet potential partners and tour facilities in Kenya looking to possibly open an assembly plant to complete manufacturing for ReVolt Electric Motorcycles.
The Central Bank of Kenya and Kenya Deposit Insurance Corporation have announced the Imperial Bank’s acceptance of the Final Offer from KCB, to enhance recovery for depositors.
Cisco has announced the launch an Incubation hub in Kenya. This Incubation Centre will impart business knowledge and speed up access to market for Small Medium and Micro Enterprises.
[Kenya] UN-Habitat partners with Kisumu County Government to strengthen municipal finance and local economic development
The County Government of Kisumu, Kenya and UN-Habitat have committed to strengthening their collaboration on initiatives to improve municipal finance, revenue generation and local economic development.
[Kenya] Nairobi Farmers Market seeks to link food producers directly with buyers in a country’s first
Kenyan farmers will soon have their own market where they sell produce directly to consumers, cutting off the traditional value chain that is replete with middlemen.
Siemens launches data visualization project that transforms Africa’s urban centers into smart cities
Siemens has launched an extraordinary data visualization project called FABRIC.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African youth digital skills for the work force.
Tracom Services Limited, the award-winning payment solutions company today announced the launch of their first ever youth academy.
Kenya’s Ministry of Education, Interswitch and UNESCO have today launched a National Science Competition targeting secondary students with a special interest in Science, Technology and Mathematics.
A proliferation of mobile applications on popular online stores is exposing Kenyans to increased cyber-attacks and fraud, the latest sector statistics report by the Communications Authority of Kenya (CA) shows.
In line with the targets set out in the Capital Market Master Plan, CMA has established a Financial Markets Law Review Panel of 16 leading domestic and international financial market lawyers and practitioners.
Jiji and OLX announced that both companies have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda, pending certain regulatory approvals.
Kenya’s telecommunication company Safaricom has opened its 53rd retail shop in Migori County as it seeks to expand its regional footprint and reach more customers in Western and Nyanza regions.
The idea behind the decentralization of Government into devolved units was a noble one. Its main intent was to ensure that each and every Kenyan citizen can have an equal chance at living a productive quality life.
The Nairobi Securities Exchange (NSE) has admitted Bluenile Rolling Mills Limited onto Ibuka, NSE’s incubation and acceleration program.
The Capital Markets Authority has secured the surrender of potentially illegal gains amounting to $4.5 million, in the context of the ongoing investigations into insider trading on KenolKobil shares.
Based in Nairobi, Brenda will lead the development of diverse programs with public and private sector projects and partnerships across East Africa.
Kenya to face $2 billion annual bill due to poorly planned and procured infrastructure projects, report
It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.
More than 600 Sunflower farmers in Makueni County are set to benefit from a partnership between Safaricom’s DigiFarm product, Bidco Africa and the Makueni County Government in Kenya.
Jumia, the leading pan-African e-commerce platform, today announced that Mastercard has agreed, subject to certain conditions, to become an investor and form a strategic partnership to grow e-commerce operations.
In an effort to create awareness around its Azure offering as well as drive cloud migration, Microsoft hosted an event in Nairobi, Kenya.
Liquid Telecom selects Nokia to deploy upgraded channel network in East Africa for expanded broadband services
Liquid Telecom Kenya, part of the pan-African telecoms group Liquid Telecom, and Nokia have announced a two-year partnership to upgrade their existing fiber network.
Kenyan entrepreneur, David Kimani, is providing the unique service of vacations and holiday trips on credit - to be paid for at later dates - with his company, Vacay Holiday Deals.
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
The KNCCI in collaboration with the Embassy of the Republic of Tunisia organized the 1st Kenya-Tunisia Business Forum with the aim of creating long-term economic relations between Tunisia and Kenya.
The Board of the Capital Markets Authority has approved the Regulatory Sandbox Policy Guidance Note setting the stage for CMA to begin accepting applications for admission of fintech firms to its Regulatory Sandbox.
The appointment will see Opil continue to support and grow strong market alignment for the Kaspersky Lab brand locally with particular focus on the East African region.
Kobo360, the technology logistics platform, today announced that it will expand operations into Accra, Ghana and Nairobi, Kenya.
Digital money transfer company WorldRemit has joined forces with Gulf African Bank (GAB), Kenya’s premier shari’ah compliant bank, to facilitate diaspora remittances.
[Kenya] Metropol Corporation unveils round the clock business news TV channel, terminal to deepen information access
Business Information and Credit Management Company Metropol Corporation has launched Metropol TV, the first Kenyan 24-hour business news channel.
The Nairobi Securities Exchange (NSE) has admitted Moad Capital as the third company to join Ibuka, NSE’s incubation and acceleration program.
Safaricom has announced that it has passed the 30 millionth customer milestone, cementing the firm’s position as the most preferred mobile service provider in the country.
Kenya’s Telkom has begun setting up a fibre loop for the city of Mombasa to meet growing demand for faster data by its business and individual customers.
PwC Kenya’s latest report “The values effect: PwC 2018 Family Business Survey” shows that family businesses in Kenya have plans to grow over the next 5 years.
[Kenya] Cytonn and SBM Bank sign $ 6.5 million loan facility towards completion of a residential mixed use development
Cytonn Investments,has signed a $ 6.5 million loan facility with State Bank of Mauritius, SBM Bank Kenya, as it seeks to bring in long-term debt to complement its private markets funding.
Google has announced the 12 African startups that will take part in its third Launchpad Accelerator Africa programme
SEACOM has announced that it will now offer direct connections from its East Africa network to public cloud networks and data centers located in South Africa.
The Capital Markets Authority (CMA) has approved the listing of the MAkiba Retail Infrastructure Bond – Issue No. MAB2/2017/3 Re-open 1, on the Nairobi Securities Exchange (NSE) reporting a 79% subscription rate.
Kenya Airways and Alitalia, the flag carrier of Italy, have signed a codeshare agreement to offer enhanced connections to Europe through Rome.
Access Bank and Diamond Bank say the Central Bank of Nigeria and the Securities and Exchange Commission have given them the final approval to merge.
Kenya’s telecommunication company Safaricom has entered into a partnership with Netherlands based Hearst Create for the production of a new magazine Twaweza.
Safaricom has opened a new Call Centre in Eldoret town as the telco continues its push to improve customer experience.
Bidco Africa, the largest manufacturer of FMCG in East Africa, migrates to SAP HANA Database to gain real-time and in-memory computing capabilities to improve its delivery to customers.
One of the two Kenyan teams which participated in this year’s Sub Saharan Africa Huawei ICT Competition regional finals achieved second place tied with Angola, while Nigeria and Tanzania tied in first place.
Kenya Power has acquired two new single phase meter test benches of 40 positions each in a bid to enhance the capacity for testing and deployment of meters to its customers.
NIC Bank has launched a one-of-a-kind financing scheme that will allow Toyota Kenya customers access financing to purchase new Toyota vehicles.
Byron Mudhune is the co-founder and chairman of MafAfrique, an advisory and fund management group with operations in Africa and Eurasia.
Two African startups, Kenya’s MumsVillage and Sierra Leone’s Mosabi have made it to the second cohort of Gray Matters Capital’s Calibrator program – GMC Calibrator.
Manufacturers in Kenya have pledged to join a global initiative to manage plastic waste in the country.
According to the Jumia White Paper, the smartphone industry has remained a truly competitive landscape throughout the years, with Chinese brands dominating both Kenyan and African markets.
James Maina is a Kenyan social entrepreneur using his passion to transform and impact communities across the country. He exclusively talked to Africa Business Communities about social enterprising, as he narrates his business story.
Aurecon has selected Orange Business Services, a global technology integrator, to manage its global communications infrastructure.
Safaricom and Ant Financial Services – global fintech services provider – have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA.
Standard Chartered Bank unveiled SC Mobile Digital Bank for its retail customers with enhanced features at a cost of KES 83.4 million.
The Africa Digital Media Institute (ADMI) has collaborated with Microsoft's 4Afrika Initiative, to open an AppFactory at ADMI's central Nairobi campus.
OneFi has secured a $5M debt facility for its consumer facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders.
Africa’s digital sales house, Ad Dynamo has employed a team of Kenyans well known to the digital industry and is led by Adrian Ciesielski.
As the world marks International Women’s Day it is time to take stock of our strides as Kenya, towards gender parity, especially in terms of women’s economic contribution.
Kenya’s Kwale County has partnered with Safaricom to roll out cashless payments for its 700,000 citizens.
In celebration of International Women’s Day, Visa (NYSE: V) today reinforced its dedication to women empowerment with the launch of the first Visa Everywhere Initiative: Women’s Global Edition.
[Kenya] Funtrench partners with Blockchain Training Alliance to promote adoption of emerging technologies
Funtrench, the first blockchain educational institution in Eastern Africa, has today announced a strategic partnership with US-based blockchain certification company, Blockchain Training Alliance (BTA).
Bidco Africa, with the support of its implementation partner, Seal Infotech, has completed the migration of its operations to SAP HANA.
Paxful, a peer-to-peer Bitcoin marketplace has announced an integration onto BitMart, a premier global digital asset trading platform in the cryptocurrency market.
Australian Parking App Kerb has launched in Kenya to help homeowners, businesses and even schools rent out their car park spaces.
Two homegrown African seed companies top the 2019 Access to Seeds Index for Eastern and Southern Africa, for playing a key role in raising smallholder farmer productivity.
Stanbic Holdings posted KSh6.3 billion profit after tax last year, a 46 percent growth from the previous year’s KSh4.3 billion, driven by growth in customer loans and deposits.
The National Social Security Fund (NSSF) has partnered with Safaricom as it embarks on a push to fully adopt cashless payments.
Jumia has signed an important partnership with technology leader Xiaomi at the Mobile World Congress in Barcelona, giving millions of users in Africa easy access to Xiaomi products.