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[Column] Tobias Alando: Why price controls are detrimental to economic growth
There is a renewed interest in the country in an idea that many economists and investors thought Kenya had left behind a long time ago: price controls.
[Kenya] Kim-Fay partners with Norfund and I&M Bank on construction of new facility at Tatu City
The Norfund and I&M Bank financing will support Kim-Fay's business expansion, focusing on providing affordable tissue paper to lower-income market segments.
ShafDB signs MOU with CPF Group to scale up development of affordable housing in Kenya
The agreement seeks to provide a platform for intervention across the affordable housing value chain by creating a partnership in affordable housing delivery through co-financing.
The Kenya Association of Manufacturers appoints Jane Karuku as Chairperson
Ms. Karuku, who has served as Vice Chairperson since July 2022, will lead the Association’s Board of Directors for a two-year term, succeeding Mr. Rajan Shah, whose term has come to an end.
Kenya Airways announces network adjustments for the peak season
Kenya Airways, has announced network adjustments for the peak season in response to market demand.
USAID and KEPSA announce partnership to boost Kenyan SMEs competitiveness within the AfCFTA
This collaboration will facilitate 160 Kenyan Small and Medium-sized Enterprises (SMEs), particularly those owned by women and youth, to leverage opportunities in the African Continental Free Trade Area (AfCFTA) by linking buyers and sellers across the continent.
Kenya Airways relaunches platform offering personalized hotel, tour booking services
The relaunch is encapsulated in the campaign slogan, "My Kind of Holiday - A Click Away." This theme underscores the platform’s commitment to delivering personalized and easy-to-use travel planning services.
NETA Auto launches first African flagship showroom in Kenya
NETA Auto, a Chinese electric car brand of Hozon Auto, has opened its first African flagship store in Kenya.
Africa Finance Corporation and Alstom partnership boosts Kinshasa rail project
The partnership builds on AFC's prior agreement with Trans Connexion Congo (TCC) to develop a mass transit system that extends over 300km of railroad in Kinshasa, the most populous city in Africa.
[Kenya] CMA approves registration of Arvocap Asset Managers Unit Trust Scheme
The collective investment scheme comprises 10 sub-funds.
Kenya breaks ground for world’s first green garment factory made from upcycled containers
With its innovative construction, and use of solar energy and rainwater harvesting, the new garment and textile center is expected to save an estimated 18 tons of CO2 annually.
Coca-Cola system announces plans to grow its investment in Kenya to $175 million over the next five years
The Coca-Cola system has a rich legacy of refreshing Africa and making a difference in the East Africa region, where it is a major employer, directly employing 10,000 people.
Kenya’s Vivo Fashion Group launches its first American-based store in Atlanta
Vivo’s goal is to support, inspire and drive positive change within the African fashion ecosystem, and to share African talent, creativity, and products across the continent, as well with the rest of the world.
Kenya to host flower buyers from 75 countries for the 11th edition of International Flower Trade Exhibition
Nairobi is set to host the global flower trade fraternity for the 11th edition of the International Flower Trade Exhibition (IFTEX) from June 4-6 2024, as Kenya stamps its growing dominance in the sector.
The Kenya Revenue Authority and the UK partner to streamline customs valuation process
The Kenya Revenue Authority and the United Kingdom (UK) have partnered to streamline the Customs valuation process to make it more efficient, transparent, consistent, and predictable.
Nexgen Packaging opens African headquarters in Nairobi, Kenya
Nexgen Packaging, a global provider of apparel brand identification and packaging products, has announced the grand opening of its African headquarters in Nairobi, Kenya.
Kenya Airways launches direct flights to Maputo, Mozambique
The expansion takes flight from 14th June 2024, further solidifying KQ's commitment to strengthening its network and offering seamless travel experiences across the continent.
Surf Air enters deal to supply electric powertrains to Tanzanian Cessna caravan operator Auric Air
Surf Air now has approximately 13% of the Cessna Caravan market in Africa under agreement to upgrade to its electrified powertrains, once certified.
East Africa Marine Transport inaugure son premier navire sur le lac Victoria
Après 21 mois de construction, East Africa Marine Transport (EAMT) a inauguré son premier navire sur le lac Victoria.
[Kenya] Mombasa green entrepreneurs launch Zero Waste Festival
Zero Waste Fest culminated a week-long digital campaign dubbed #BeatPlasticPollution aimed at addressing the plastic pollution menace in Mombasa.
JW Marriott unveils second property in Kenya
Standing as the tallest hotel in the country with 35 stories in the Westlands commercial district, JW Marriott Hotel Nairobi captures the essence of Kenya’s natural beauty and heritage.
German manufacturer Karcher invests €3 million in the Kenyan market
This investment was made to operationalize the business into a full subsidiary, which includes a regional distribution center at the Freight Forwarders Solutions warehouse, Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi's doorstep, positioning Kenya as a hub for East Africa.
Kenya Airways and Virgin Atlantic announce new codeshare agreement
The first phase of the agreement will allow customers booking through Virgin Atlantic to directly purchase flights on Kenya Airways’ Heathrow to Nairobi service.
Nissan Navara to fly the flag up through Africa in daring expedition
Dubbed Nissan Daring Africa 2024, the expedition will visit Mozambique, Zimbabwe, Zambia, Malawi, Tanzania and Kenya before ending in Egypt.
[Column] Anthony Mwangi: Road towards gainful employment in Kenya: The Dual TVET approach
The evolving employment landscape demands a fresh perspective, one that champions the pragmatic alternative of Technical and Vocational Education and Training (TVET).
Kenya Airways Cargo launches direct flights from Sharjah to Nairobi
To commemorate Kenya Airways Cargo's (KQ Cargo) recent route expansion to include direct cargo flights from Sharjah in the UAE.
Nile river communities preserve cultural heritage along its banks
For millennia, the Nile has been celebrated in the myths and rituals of diverse cultures.
Kenya Airways boosts its network with increased frequencies and additional destinations
Kenya Airways (KQ) has announced plans to boost its growing network with increased frequencies to five destinations and the addition of Eldoret and Maputo to its network.
Uber is the world's most valuable mobility brand, study
Uber remains the world's most valuable mobility brand, with a 28% increase in brand value to $29.7 billion, according to the latest report by Brand Finance, the global brand valuation consultancy.
GA Telesis delivers two Boeing 737-800SF freighters to Kenya Airways
The aircraft is part of the GA Telesis owned fleet and was delivered to Kenya Airways as part of a two aircraft transaction.
2024 Dubai WoodShow to feature seven country pavilions
Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), is poised for its landmark 20th edition, scheduled from March 5 to 7, 2024, at the Dubai World Trade Centre.
Kenya Airways and Vietnam Airlines renew codeshare agreement
The codeshare partnership will allow customers to enjoy flexibility and choice with smooth connections via Bangkok and Nairobi to points such as Johannesburg, Cape Town, Dar es Salaam, Kisumu, Entebbe, Kigali, and Mombasa, among others.
Canon and MindMe International partner to empower Kenyan youth through creative storytelling
This collaboration aims to empower marginalized communities through sustainable development, with a focus on fostering positive change in young individuals' lives.
Global mobility firm inDrive launches venture targeting startups
inDrive, a global mobility and urban services platform, has announced the launch of a new venture and M&A arm aiming to invest up to $100 million in promising startups.
How hydropower projects are affecting the Nile River and downstream countries
One such project that epitomizes these complexities is the Grand Ethiopian Renaissance Dam (GERD) on the Nile River, which has sparked significant controversy and raised concerns among downstream nations.
[Ghana] Moove closes $8m financing from Absa
Mobility fintech, Moove, has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to USD $28mn.
VC firm Equator raises $40 million in commitments for African climate tech startups
The global venture capital firm with teams in Nairobi, Lagos, London, and Colorado, seeks to invest in high-growth, ready-to-scale ventures that are driven by technology and business model innovation in their quest to address material economic and sustainability challenges in the region.
Factor[e] Ventures launches a new venture studio to transform the African startup ecosystem
Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.
[Nigeria Business Week] Andrea Ayemoba: Government, experts look to non-oil exports for economic recovery
The math is really simple – a rise in fuel prices leads to a rise in price in everything on the market because it costs more to transport it.
[Startup Interview] Adedokun Muhammed-Ali Adedeji, Founder, Brightcloud Automobile, Nigeria
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
CampX by Volvo Group opens new Incubator track for startups to accelerate sustainable mobility innovations
More than 50 startups have developed their ideas at CampX, the global collaboration hub for innovations by Volvo Group.
Sustainable mobility startup eWAKA receives 500,000 CHF loan to accelerate growth
Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African countries.
[South Africa] Mobility solutions provider Zeda limited lists on the Johannesburg Stock Exchange
Zeda, which has long-term license agreements to operate the leading car rental brands Avis and Budget, listed on the JSE as the only company providing tailored short-, medium- and long-term car rental and vehicle fleet leasing services from within one service provider.
Ouverture du premier magasin Winpart by CFAO en République démocratique du Congo
La RDC rejoint ainsi le réseau Winpart by CFAO dédié à la vente de pièces détachées et produits à un prix abordable pour l’entretien et la réparation de véhicules multimarques.
MEA electric bus market to reach $1 billion by 2028, report
Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles.
Les véhicules électriques débarquent dans le transport en commun au Cameroun
Baptisés « Greenrides », ces véhicules disposant d’une batterie rechargeable sur une borne alimentée à l’énergie solaire, et jouissant d’une autonomie de 250 km une fois chargés à 100%, font essentiellement des courses, dont le prix est identique à celui de la course à bord de véhicules ordinaires, apprend-on.
Guinea eases cross-border trade
Trading across borders between Guinea, Sierra Leone and Liberia to be made easier for small-scale traders and women.
Libya, Niger move forward on strengthening migration management and labour mobility
In a step towards regularizing labour migration, Libya and Niger signed a memorandum of understanding that seeks to protect migrant workers through effective work visa issuance before employment and to better respond to Libya's labour market needs.
ALYI expands electric vehicles sales into Ethiopia
Alternet Systems, Inc. (ALYI), announced finalizing terms to deliver 3 wheeled electric vehicles (EV) into the taxi market in Ethiopia.
Hapag-Lloyd expands presence in Morocco with opening of new office
Hapag-Lloyd announced it opened its own offices in Morocco. With this additional presence in the country, the company continues to realize its growth ambitions in the most attractive markets of North Africa.
IRENA, Electric Power Research Institute join forces to accelerate smart electrification
The International Renewable Energy Agency (IRENA) and the Electric Power Research Institute (EPRI) signed an MoU to advance the global electrification of the energy sector based on renewables and energy efficiency.
Motorcycle helmet safety initiative launches in Kenya
A national motorcycle helmet coalition is to be established in Kenya as part of a major effort to increase motorcycle and motorised three-wheeler safety for riders and their passengers.
DHL adds sustainable marine fuel option for full container load shipments
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of its sustainability strategy.
IAA expands global market alliance network in Nigeria
IAA, Inc., the global digital marketplace connecting vehicle buyers and sellers, announced a strategic market alliance in Nigeria with Boacon Autos.
Speedaf express completes Round A+ financing to build China-Africa express brand
Speedaf express, a China-Africa integrated logistics service provider, officially announced the completion of its Round A+ financing, led by TRUSTBRIDGE, followed by northern light VENTURE CAPITAL, and VISION+CAPITAL on the basis of Round A.
The dtic releases auto Green Paper on advancement of new energy vehicles in South Africa
The Department of Trade, Industry and Competition (the dtic) has released a Green Paper on the advancement of new energy vehicles in South Africa as part of a series of policy papers accompanying the 2021 Budget Vote for the Department.
Kenyan e-mobility startup Ecobodaa secures funding from Persistent Energy Capital
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
Sasol, Toyota South Africa Motors announce green hydrogen mobility partnership
Sasol and Toyota South Africa Motors (TSAM) announced the formation of a partnership to commence exploration of the development of a green hydrogen mobility ecosystem in South Africa.