The KCB Group has inaugurated a new board for National Bank of Kenya (NBK), the lender it acquired recently.
Nairobi will this week host the EIB Eastern Africa SME and Microfinance Banking Forum that will seek to improve the economic and social impact of private sector financing supported by the lending arm of the European Union in East Africa.
Equitel has recorded a 16% growth in the number of mobile money commerce transactions, according to the latest data from the Communications Authority (CA).
[Kenya] TECNO shares its African achievements at the First China-Africa Mobile Internet Economy Summit
More than 200 representatives from different technology organisation came together for the first China-Africa Mobile Internet Economy Summit (CAMIES) held in Nairobi, Kenya.
Novo Nordisk, a global healthcare company headquartered in Denmark with more than 95 years of innovation and leadership in diabetes care has opened a regional office in Nairobi, Kenya.
The UN announced today that 30 influential leaders from the corporate world will work together in a bid to free up trillions of dollars from the private sector to finance the Sustainable Development Goals.
[Column] Flora Kangethe: Customer service to backend - How cloud-based AI enables modernisation of business
Artificial Intelligence (AI) is proving to be a key technology in delivering improved customer experience and exceeding customer expectations
Mombasa is Kenya’s global gateway and plays an important role as the logistics and economic hub for East Africa. With its strategic location, the port and its infrastructure projects are attracting a lot of international investment.
Joramco and Kenya Airways, the flag carrier airline of Kenya, have signed a heavy maintenance agreement for the first time to perform OOP check for six B787.
Technology delivery firm Glovo has partnered with the National Transport and Safety Authority (NTSA) to train all riders using its platform on road safety.
On-demand transportation platform Bolt has announced the appointment of Kenneth Micah as the Regional Manager for East Africa.
Kenya Airways (KQ) has signed an agreement with train ticketing company, AccesRail, to provide its passengers with connectivity to different destinations in Europe through train transfers from 3 of its 5 European gateways.
KCB Group has been ranked at position 717 in The Banker’s Top 1000 World Banks ranking for 2019, climbing nearly 100 places up, on the back of steady growth and strong balance sheet credentials.
Five African countries initiate banking reforms to drive development and tackle climate change, report
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
Pharmaceutical company Boehringer Ingelheim has collaborated with Kenyatta and Strathmore Universities to launch the Making More Health Venture4Change idea competition.
The MultiChoice Talent Factory Academies in Nairobi, Lagos and Lusaka class of 2020 students have started their first day in class.
M-KOPA has today released its 2019 Impact Report, ‘Upgrading Lives’, with partners from Microsoft, Safaricom and Stanbic.
The app will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent.
African projects from Kenya, Uganda, Mali and Ethiopia are among the 16 winners of The Global Resilience Partnership (GRP) innovation challenge whose focus is surfacing resilience solutions across Africa and Asia.
Safaricom’s M-PESA has been recognised as one of the Top 10 Most Influential Finance Projects of the last 50 years by Project Management Institute (PMI) in its 2019 Most Influential Projects list.
Acting CS for the National Treasury and Planning has called on residents of the Upper Eastern Region at the Kenya-Ethiopia border to take advantage of recently established One Stop Border Point in Moyale to boost trade.
Tourism sector vital in East African Community, EALA calls for embrace of single tourism visa, report
A report of the Assembly on the Oversight activity on the Performance of the Tourism Sector in the region, wants the East African Community (EAC), to fastrack the conclusion of the EAC Protocol on Tourism and Wildlife Management.
The Kenya Revenue Authority (KRA) has embarked on an aggressive tax compliance strategy to ensure that all eligible taxpayers pay their fair share of taxes.
KCB Group has listed an additional 142,979,717shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK).
[South Africa] Global financial leaders launch digital platform to tackle international trade barriers, bolster business growth
Financial leaders from banks around the world convened in London to mark the official launch of the Trade Club Alliance.
The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya.
The East African Legislative Assembly (EALA) report has lamented over the declining forest cover in the EAC region, while calling for remedial measures to address factors hindering on the future sustainability of the Lake Victoria Basin.
Sidian Bank has received the second tranche of Sh300 million of the initial Sh600 million long term facility from Oikocredit for onward lending to SMEs and microenterprises.
The UK Secretary of State for International Development announced a new UK aid package that will help mobilise £500 million in private sector investment and create 50,000 jobs across Sub-Saharan Africa.
While most African countries are bearing the brunt of the US-China trade war, as well as a slump in commodity prices which is greatly affecting exporters, East Africa’s economic diversity is still playing a key role in cushioning the region from shocks.
The Central Bank of Kenya (CBK) announces the successful completion of the withdrawal (demonetization) of the older series KSh.1,000 notes.
Kenya’s urban developer Tatu City and I&M Bank have signed a Memorandum of Understanding to facilitate access to credit for buyers of property within the 5,000-acre development.
Kenya Airways and Oman Air have expanded their codeshare cooperation effective October 1, increasing the destinations available to their guests.
Kenyan e-Logistics company, Lori, has officially announced its expansion to Nigeria in a bid to cement its footprint across Africa.
Singapore - Alternative credit scoring fintech company, CredoLab, officially launches in Kenya to drive financial inclusion by credit scoring more people, especially those who are new to bank and new to credit.
The High Court in Nairobi, Kenya ruled in favour of KRA in a case filed by a Dubai based company seeking orders to stop KRA from collecting KShs 2.3 billion in tax debts from its affiliate company registered and operating in Kenya.
Jumia Food Kenya has announced the launch of Jumia Prime – a subscription package that allows customers pay a standard one, three or six months fee and receive guaranteed unlimited free deliveries.
Spanish delivery firm Glovo, in a bid to expand its geographical reach within Kenya, has officially launched its service in Kenya’s second city, Mombasa.
Bamburi Cement, through its waste management division Geocycle, has partnered with Vivo Energy Kenya to collect and safely dispose waste oil from Shell service stations across the country and Vivo Energy’s commercial customers.
"Car breakdowns won't last for long" is the promise from Nigeria's leading automotive trading platform, Cars45 as it introduces its Emergency Service.
[Column] Phyllis Wakiaga: Collective action needed to fix Kenya’s wastewater today for a cleaner tomorrow
With manufacturing being one of the pillars of the President’s Big Four Agenda – which aims to increase manufacturing’s contribution to GDP to 15 percent – the country is likely to see the accelerated establishment of new industrial facilities.
Côte d'Ivoire is the market that has most rapidly improved its trade growth potential over the past decade, according to new research from Standard Chartered (SC.com).
Dating back to the seventies, developing countries that are rich in resources have consistently performed poorly in the face of the great potential for wealth and greater living standards that natural resources can bestow on them.
Capital Markets Authority (CMA) has cautioned the public against participating in Online Forex Trading through Interweb Global Fortune and its director Mr. Manasseh Kuria Karanja.
The Argidius Foundation and the Aspen Network of Development Entrepreneurs (ANDE) have declared Amani Institute the winner of the Argidius-ANDE Talent Challenge (AATC).
Siemens is committed to supporting and developing young, African innovators; Siemens extends its Eskom Expo partnership to schools in Ghana, Kenya, Uganda, Tanzania and Ethiopia.
Nigeria’s technology innovation centre Co-creation Hub (CcHUB), has acquired Kenya's iHub for an undisclosed fee.
TAI+ addresses Kenya’s logistics hiccups with an app that connects truckers with cargo shippers in real time
Estonian-based technology company TAI+ has launched a mobile App that enables truckers to connect cargo shippers directly in real-time in Kenya.
The Safaricom Foundation and international disability inclusive development organisation, CBM Kenya, have announced the third phase of the ‘Wezesha Elimu’ programme.
Ivory Coast tops the list as Kenya comes 3rd in the 2019 Standard Chartered Bank Trade20 Index as markets with the greatest potential for future trade growth.
Paxful, a leading global peer-to-peer bitcoin marketplace has launched a mobile wallet app which enables bitcoin transactions to be conducted with ease.
Kenindia Assurance plans to develop innovative digital distribution means to reach the uninsured and youthful populations to boost profits by 20 percent in 2019.
Canon has partnered with the Kenya Film Commission, established by the Kenyan government in 2005, to promote the Kenyan film industry locally and internationally.
Kenyan-based start-up, Tiny Totos has won in the Africa regional finale of the MIT Inclusive Innovation Challenge (IIC) held in Addis Ababa hosted by Liquid Telecom.
Ken Njoroge, Fintech company Cellulant Co-founder & Co-CEO Ken Njoroge has been named the recipient of the 2019 Schwab Foundation Social Entrepreneur of the Year Award.
Safaricom has announced that it has sold more than 600,000 Neon smartphones in 2019, making the devices the most popular and affordable smartphone in its retail shops across the country.
The Kenyan government has signed a Communique with the Center for Effective Global Action (CEGA), the Rockefeller Foundation, and the United Nations to inspire future action and support for the delivery of Kenya’s Big Four agenda.
Safe food is essential to our health and wellbeing; yet it has emerged as a political football in recent months, as different authorities chase a role in food testing.
International players continue to dominate Kenya’s automotive industry Japanese car manufacturers commanding 80 per cent of the market share. This has made Japan the fifth biggest importer of goods into Kenya.
Safaricom was named the 2019 Employer of the Year by the Federation of Kenya Employers’ during the 3rd Annual Employer of the Year Awards in Nairobi.
Regional low-cost carrier Jambojet has received approval from the Rwanda Civil Aviation Authority to start flights to Kigali.
Jomo Kenyatta International Airport is the 2nd fastest growing airport in the word cargo ranking.
KCB Group has appointed Paul Russo as the Managing Director of National Bank of Kenya (NBK, following an approval by the Central Bank of Kenya (CBK).
This week, the U.S. Trade and Development Agency welcomed a delegation of 14 senior Kenyan government officials to share best practices on innovative, value-based tools that promote fair, transparent public procurement.
AUDA-NEPAD Eastern Africa regional office has been operationalized in Nairobi, Kenya.
[Kenya] Amref Health Africa partners with Sisu Global Health and Surgipharm to improve access to blood
Amref Health Africa in Kenya, Sisu Global Health and Surgipharm have unveiled a partnership to improve access to blood and safer surgical outcomes during medical missions and emergencies in Kenya.
Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network forum to discuss the challenges facing the sector.
Leading financial and environmental institutions, United Nations, Multinationals and sustainability campaigners are gathering in Nairobi today to hold the inaugural Africa Summit to accelerate green and sustainable finance.
The ongoing efforts to promote excellence in oncology nursing and quality cancer care in the country have received a boost following the launch of Oncology Nursing Training Initiative.
KIB and the CISI have entered into a partnership for the purpose of building capacity, enhancing appropriate knowledge, skills and expertise, promoting integrity and ethical behaviour within the Kenyan banking profession.
GE Healthcare and the Ministry of Health recently trained over 260 healthcare technologists from all Level 4, 5 and 6 hospitals from across the country’s 47 counties.
Hotel management company Aleph Hospitality has signed a franchise agreement with global hotelier Marriott International for a new Protea Hotels by Marriott hotel in Kisumu, Kenya.
Bayer creates EUR 20 million social innovation ecosystem fund to spur entrepreneurship for African smallholder farmers
The Bayer Foundation launched its new EUR 20 million Social Innovation ecosystem fund by awarding EUR 3 million to four pioneering social innovators - myAgro, Mercy Corps, Path and Living Goods.
KCB Group has signed a pact with Japan based giant lender Sumitomo Mitsui Banking Corporation (SMBC) to drive cross-border trade and deepen financial inclusion.
The U.S. Trade and Development Agency has awarded a grant to Kenya’s Craftskills Energy Limited for a feasibility study to develop a 50-megawatt wind power plant with integrated battery storage capacity in Kenya.
[Kenya] Multi-agency team at the Mombasa port called upon to work with stakeholders to curb clearance hitches
Acting National Treasury Cabinet Secretary Ukur Yatani has called on Government multi-agency team working at the Port of Mombasa to work closely with all stakeholders to swiftly address bottlenecks that impede clearance of goods.
The African Airlines Association (AFRAA) has this year welcomed four new member airlines in Kenya, Djibouti, Senegal and Uganda.
The journey towards realization of a business park at flower grower Oserian Development Company’s expansive farm in Naivasha has kicked off in earnest following the signing of a $10 million investment by Dubai-based Maxim Agri.
A key partnership between Kenya and Japan has led to Kenya becoming one of the top ten producers of geothermal power in the world.
Corteva Agriscience leads fight against fall armyworm with insect control solutions for African maize farmers
Corteva Agriscience has been introducing insect control solutions to Africa’s maize farmers to in maize in Botswana, Kenya, Namibia, Tanzania, South Africa, Zambia, and Zimbabwe.
KCB Group is set to take up control of the National Bank of Kenya (NBK) this week after it received necessary regulatory approvals to acquire the lender.
Irish exploration company Tullow Oil terminated its farm-down to Total and CNOOC in Uganda on 29 August 2019, following the expiry of the Sale and Purchase Agreements (SPAs).
The United Nations Industrial Development Organization (UNIDO) was selected to implement a EU-funded project ‘Market Access Upgrade Programme (MARKUP)’, which will boost Kenya’s agricultural exports regionally and internationally.
Kobo360 was launched in 2017 by entrepreneurs Obi Ozor and Ife Oyedele II. Kagure Wamunyu is the current CEO, leading the company's expansion and growth in the African region.
Credit Bank PLC has signed a $1 million equity investment with social impact investor Oikocredit.. The investment, which is subject to regulatory approvals, will see Oikocredit take a minority stake in Credit Bank.
ENGIE has expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions.
New York Stock Exchange-listed agriculture company, Corteva Agriscience, has officially launched its regional operations in East Africa with a promise to revolutionize the agricultural sector.
The Board of the Capital Markets Authority (CMA) has announced the start of a process to identify a suitable candidate to succeed the current Chief Executive Mr. Paul Muthaura, to ensure a smooth transition.
In a bid to enhance investor protection and the fair treatment of customers, Capital Markets Authority (CMA) has cautioned the public against participating in any capital raising and public offer of shares offered by WIE.
The Central Bank of Kenya (CBK) has approved the acquisition of 100 percent shareholding of National Bank of Kenya by KCB Group.
CISI and ICIFA have confirmed a partnership which will support the enhancement of standards in professionalism and integrity in Kenya’s capital markets.
The Kenya Revenue Authority (KRA) has enhanced the iTax system to reflect exemptions in transactions that attract Capital Gains Tax (CGT).
The need to invest in new avenues of social income has become the driving force for new inventions in waste management.
The Government of Kenya supports the strengthening of bilateral relations with the Government of Japan.
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
KEPSA and TradeMark East Africa ink $1.5 million deal to expand trade and investment for Kenyan businesses
Kenya Private Sector Alliance (KEPSA) and TradeMark East Africa (TMEA) have signed a US$ 1,500,000 financing agreement.
[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.
Kenya’s avocado farming, now christened the green revolution, has seen farmers abandon their traditional crops in favour of harvesting the popular fruit.
The animal health industry in Kenya has today launched a new body that will articulate and address the needs of industry players.
Cape Town Air Access has announced the addition of two direct flights to the weekly Cape Town-Nairobi service, operated by Kenya Airways.