Kenya needs effective trade within the country and across borders for the growing demand for animal feed to be affordable at…
Browsing: Business
Ugandan investigators have arrested the country’s Accountant General and eight senior officials for a heist in which US$16mn was stolen…
South Africa is a land of contrasts. It’s an economic powerhouse in Africa which boasts of the highest Gross Domestic…
Mumias Sugar has issued Ksh150 million bonus to cane farmers as leaders from the region challenged the government to fast-tract…
The United States of America has sanctioned General Abdel Fattah Al-Burhan, the leader of Sudanese Armed Forces (SAF), for committing…
The area under cultivation of wheat in Kenya has been falling since 2019 as farmers shift to maize farming, according…
The Sugar Bill signed into law by President William Ruto in November last year was a Trojan horse for the…
Uganda’s legislature has forwarded the Auditor-General’s report on the UShs 60bn (US $ 16.23mn) Bank of Uganda heist to the…
Unlike informal agents and government or donor-funded extension workers, agent networks are clusters of third-party and often semi-independent micro-entrepreneurs that…
The Kenya Veterinary Association (KVA) doubts the government’s ability to conduct an effective nationwide livestock vaccination exercise in January next…
Summary dismissals rose sharply at the Kenya Revenue Authority (KRA) to 25 cases in Q1 of FY 2024/2025 from seven…
Partnerships with APIs such as the Daraja platform have enabled Safaricom’s M-Pesa to broaden its integration range with Point-of-Sale (POS)…
The Central Bank of Kenya (CBK) has lowered the benchmark interest rate by 75 basis points to 11.25% at its…
In the Kenya Association of Travel Agents‘ estimation, the imposition of VAT on air ticketing services will reduce flight bookings…
Makini School’s owner ADvTECH has concluded a $7.5 million agreement to acquire 100% interest in Ethiopia’s Flipper International School. Flipper…
86% of founders report that building their startups has taken a toll on their mental health, a survey by early-stage…
In a letter to the National Stock Exchange of India and the Bombay Stock Exchange (BSE), Adani Enterprises Limited stated…
Gautam Adani’s name is in the global newsreels for the wrong reasons again; this time, New York prosecutors are pursuing…
Kenya is standing at a critical economic crossroads as the government unveils a fresh series of tax reforms and policy…
The number of Pochi la Biashara tills more than doubled in the 6 months to September, to 869,020 from 405,200…
Travellers entering Kenya will be required to declare details of their mobile phones and other devices at points of entry,…
The Ethiopian Shipping and Logistics Services Enterprise (ESL), known commercially as Ethiopian Shipping Lines, is mulling a rapid expansion of…
Ruling party Frelimo’s candidate Daniel Chapo will be Mozambique’s next president after winning 71% of the recently concluded elections. Chapo,…
After a seven-month legal clash with Binance executive Tigran Gambaryan, Nigerian Federal prosecutors have withdrawn fraud and money laundering charges…
A circular from listed cement maker, Bamburi Cement PLC, to its shareholders reveals that Savannah Clinker’s proposed price for takeover…
Satellite data subscription grew by 1,955.3% after the licensing and launch of Starlink Internet Services Kenya in July 2023, a…
AJet, the low cost subsidiary of Turkish Airlines, has announced the launch of new routes to Egypt and Saudi Arabia,…
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12.00%, as expected, to support…
Sure, exuberant VCs have written cheques to people who should not have been allowed to hold their neighbour’s wallet for…
The controversial universal health care plan, the Social Health Insurance Fund (SHIF), officially begun at midnight tonight, but there are…
The US Dollar, as measured by the DXY Index, extended losses on Thursday to trade below the 101 mark, amid…
The growing e-mobility sector in the region may gain a new entrant early next year after Zeno, a startup created…
The Capital Markets Tribunal has rejected a bid by Kakuzi PLC (Ticker: KUKZ) and its directors to bar the Capital…
Farmers in various tea zones have accused several factories of unfairly dropping per kilogram prices of the green leaf, prompting…
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…