Farmers in various tea zones have accused several factories of unfairly dropping per kilogram prices of the green leaf, prompting…
Browsing: Business
JP Morgan Chase CEO Jamie Dimon is set to visit Kenya next month, as part of a broader African tour…
China’s Securities Regulatory Commission and the Ministry of Finance have suspended accounting giant PricewaterhouseCoopers International (PwC) for six months and…
Kopo Kopo, a fintech that provides short-term loans, has appointed Dennis Ondeng as its new CEO, and made three other…
In a startling turn of events, KnowBe4, a leading cybersecurity awareness training company, recently uncovered an elaborate scam when it…
Chpter, an AI-powered conversational commerce platform, has raised US$1.2 million in their pre-seed round to expand product visibility and enhance…
An American couple – Mathew Shaw and Brooke Shaw – are accusing US-based Kenyan businessman Julius Mwale and his wife…
Crown Paints Kenya Plc, a listed paints and coats manufacturer (Ticker: CRWN), posted a KSh 75 million profit for the…
Majority of small holder farmers are missing out on credit to expand their farms as many are stuck in the…
Kakuzi Plc, a listed agricultural firm, has posted KSh347.5 million net profit for the 6 months to June 2024 –…
The cost of fertiliser is still beyond the reach of many farmers across the country posing the risk of low-quality…
The competition regulator in Kenya has permitted UAE’s B Commodities’s acquisition of 98.56% in Lipton Teas and Infusion, setting the…
The government has withdrawn the controversial Livestock Bill 2024 which sought to create a new authority to register farmers and…
The Bank of Uganda (BOU) has cut the key lending rate to 10.0 percent from 10.25 percent, the first time…
A healthcare consulting firm, Salient Advisory, has released its semi-annual report highlighting the top 20 innovators in Africa enhancing access…
Last week, President William Ruto nominated opposition MP John Mbadi to replace Prof. Njuguna Ndungu as the Cabinet Secretary of National Treasury,…
The proposed Livestock Bill 2024 introduced by Kikuyu legislator, Kimani Ichung’wa, will constitute a new Authority mandated to regulate inputs…
Effective 22nd August this year, American digital bank, Mercury Bank will close all business accounts in 37 countries around the…
The Kenya Association of Manufacturers (KAM) has appointed EABL CEO and Group Managing Director, Jane Karuku, as its chairperson for…
In a country where agriculture accounts for 20% of the GDP, the role of processing industries in socio-economic development remains…
Ride-hailing app, Uber, has told The Kenyan Wall Street that the onboarding process of new drivers in the platform is…
The Competition Authority of Kenya (CAK) has gazetted a settlement it made with KCB last year following a complaint that…
As Kenya reels from protests and uncertainty, even after President Ruto’s announced his administration would be withdrawing the Finance Bill…
Early-stage startups in Africa are set to benefit from investments worth US$ 75 million from Paris-based VC Breega, which aims…
The Finance Bill 2024 has sailed through to the second reading after Members of Parliament voted 204 yes against 115…
The government will have to slash budgets for crucial departments if MPs do not endorse the revenue-raising measures contained in…
Barely two weeks after going under administration, e-commerce platform, Copia has reportedly stopped its delivery service in six towns as…
The upcoming week promises a whirlwind of activity for oil and gold traders, with crucial US job reports that include…
The Bank of Uganda’s Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 10.25% at its June meeting.…
The United States’ (US) Department of State has sanctioned five Ugandan officials including Speaker of Parliament Anita Among and Minister…
When working with international investors you’ll have to do some cross-cultural translations which go beyond language. It took me 5…
The Capital Markets Authority (CMA) has approved the registration of Arvocap Unit Trust Scheme pursuant to the capital markets act…
Business Process Outsourcing (BPO) company, CCI Global, aims to create 5,000 jobs for Kenyans after launching its 17th contact center…
The Fintech Association of Kenya has announced the appointment of Joseph Githaiga, an accomplished corporate lawyer and regulatory compliance expert,…
Crown Paints Kenya Plc, a listed paints and coats manufacturer, slid into a net loss of KSh 29 million in…
Pula, a Kenyan startup that offers insurance to small-scale farmers, aims to serve more than 100 million farmers in Africa…
MasterCard, through its Agribusiness Challenge Fund, is seeking proposals from Small and Medium-sized Enterprises(SMEs) in the agriculture sector in Kenya…
Prices of onions are expected to remain elevated in the month of April despite an increase in supply harvesting which…
When VunaPay, an agritech startup that provides produce management solutions, was founded last year, its co-founder and CEO – Judy…
The Bank of Uganda’s Monetary Policy Committee (MPC) has raised the Central Bank Rate(CBR) to 10.25% at its April meeting.…
Kenya’s government has confirmed plans to use the local co-operatives network to position Kenya as a leading superfood producer and…
The African Trade Insurance Agency (ATIDI) has given insurance cover to support the $7.7m Songa Energy’s 1.65 MW run-of-the-river hydro…
Tala Money March report, a research conducted among consumers to understand the impact of cost of living and how credit…
Internet interruptions resulting from damaged undersea cables along the West African coast last week revealed the precarity of the continent’s…
American Airlines has placed an order for 260 new narrow-body jets, including dozens of Boeing’s long-delayed 737 Max 10. The order includes 85…
Before dust settles on the debate about the safety of short-stay accommodation sector in Kenya, Airbnb has enforced a new…
Tabasamu DT Sacco (Deposit-Taking), based in Kwale, saw its turnover increase to KSh 207.3 Million in 2023 from KSh 173.6…
Ethiopian Airlines Group has launched a $55 million e-commerce logistics facility at Bole International Airport, inside the Ethiopian Cargo & Logistics…
Visa has appointed Chad Pollock as Cluster Country Manager and Vice President for East Africa. Prior to his new role…
Kenya will resume the export of avocado fruits in March this year after the Agricultural Food Authority (AFA) lifted its…
The Central Bank of Kenya (CBK) asked Sacco regulator, Sacco Societies Regulatory Authority (SASRA), to regulate the giant Kenya Union…
The Climate Investment Funds (CIF), through its Trust Fund Committee, has endorsed a $70 million plan, with an initial allocation…
More than 1000 football clubs globally spent $9.63 billion in last year’s transfers registering a 48.1% increase in figures from…
Central Bank of Kenya(CBK) has floated a 6.5-year infrastructure bond worth KSh 25 billion that will be on sale between…
In the ever-evolving landscape of banking and finance, the Nairobi Securities Exchange (NSE) has witnessed a significant shift in the…
East African Breweries Limited’s (EABL) Board of Directors has announced the appointment of Angela Namwakira as the new Company Secretary…
Amazon Web Services has announced five generative artificial intelligence (AI) innovations, so organizations of all sizes can build new generative…
Andrew Mukite Musangi has received approval from parliament as the new chairman of the Central Bank of Kenya (CBK) Board.…
Crown Paints Kenya Plc Net profit for the half year ended 30th June 2023 plunged 87.2% to KSh 37 Million…
Kakuzi Plc, a listed agro business firm, saw its half year net profit tumble to KSh 171.1 million at the…
Liberty Kenya Holdings PLC has announced the appointment of Kieran Godden as Group Chief Executive and director of the Company,…
The Kenyan government has suspended all activities associated with the cryptocurrency project Worldcoin in the country following data breach and…
Kenyan onions have shot up in price due to shortages occasioned by a cut in imports from Tanzania. Available data…
The world of Forex Trading has been highly active and rapidly evolving in Africa, particularly in Kenya, in recent years.…
The Pakistan Tea Association has declared Tea as an essential import. Pakistan is the biggest market for Kenya’s primary export…
Titan Lithium Inc, a US-based company, plans to expand its operations in Tanzania following the discovery of lithium deposits in…
Kenya is set to start direct bulk exports of tea and coffee to Slovakia. According to Katarina Leligdonova, the Slovakian…
The Energy and Petroleum Regulatory Authority (EPRA) has granted Taifa Gas the licence to set up a cooking gas plant and…
Kakuzi Plc, the superfoods grower and exporter, has announced its intention to double its avocado exports to China. This decision…
During the period between June and December last year, tea farmers associated with the Kenya Tea Development Agency (KTDA) experienced…
Kenya has imported wheat from Russia, coinciding with the nation’s current struggle with wheat shortages resulting in high prices. A…
Kakuzi Plc, the local producer of superfoods, is set to participate in the FRUIT LOGISTICA trade show in Berlin, Germany,…
The government is set to start importing fertiliser from Tanzania in July in a bid to enhance agricultural output and…
Kenya is set to launch value-added tea exports to Australia in a bid to protect its unique identity and improve…
By Joseph Magero, chairman of Campaign for Safer Alternatives (CASA) The quadrupling of fees for tax excise stamps on some products spells more bad news for Kenyan consumers already…
The value of coffee Kenya exported between January and October rose 49%, boosted by increased shipments, data from the Kenya…
Expanding your financial portfolio might feel overwhelming, especially when you’re just getting started. With the right information and resources, you…
In his first trip to Africa since the COVID-19 pandemic began, Bill Gates has announced the Bill & Melinda Gates…
Kenya has partnered with an Australia-based company, Fortescue Future Industries, to build a fertilizer production facility in the next three…
The Ethiopian Commodity Exchange (ECX) is in the process of starting to facilitate the trading of wheat on its floor.…
President William Ruto and President Samia Suluhu Hassan have agreed on a working formula that will eradicate trade barriers between…
Extreme weather patterns as a result of global climate change may drastically affect coffee production in the country this year.…
Local agribusiness firm, Kakuzi Plc has secured pre-shipment approvals from the Kenya Plant Health Inspectorate Service (KEPHIS) for its second…
National Treasury has availed KES 3.55 billion to start implementation of the fertilizer subsidy programme that will start with counties…
Kenya’s coffee exports earnings in the 11 months to August 2022 increased by KES 9.8 billion ($81 million), attributed to…
Kenya’s tourism earnings between January and August 2022 rose to KES 167 billion, up from KES 83 billion fetched in…
The price of Kenya’s coffee at the Nairobi coffee auction dropped to a three-month low in this week’s sale, reflecting…
The weekly Mombasa Tea Auction held on 22nd, 23rd and 24th August 2022 had 12.3 million kilograms of tea offered for sale.…
Tea exports reduced 28% in the month of May as compared to the same period last year despite increased production…
The Kenya Tea Development Agency (KTDA) has imported 88,000 metric tons of NPK fertilizer from Russia for KSh9 billion. The…
Pesapal Tanzania Limited has been licensed as a Digital Payment Systems Provider in Tanzania under the National Payment System Act,…
Coffee, which used to be black gold in Tanzania, is rebound due to rising global demand. According to global agricultural…
The coffee auction at the Nairobi Coffee Exchange (NCE) recorded a 5% increase in prices, the second time in a…
The government has subsidised the price of maize flour by Sh100 for a two-kilogramme packet in a deal with millers…
Tanzania has increased the cost of export permits by 93 per cent, a move likely to open another round of…
Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up a gas plant and storage facilities at a…
The price of maize flour has breached the Sh200 mark for a two-kilogramme packet, the highest to ever been witnessed…
Microsoft says it is committing to working with Kenya’s Ministry of Agriculture through a platform that will digitize agriculture in…
Ethiopia plans to increase its local wheat output by up to 70% in 2022 as the country cushions itself from…
Cooking oil prices could rise further in the coming days amidst the biting dollar shortage which coupled with limited exports…