June 07, 2022
Kenya: Jumbo Steel Mill Invests Sh2 Billion in New Kisumu Plant
A local steel manufacturer, Jumbo Steel Mill, has invested Sh2 billion in a new mattress and polyvinyl chloride (PVC) water tank factory in Kisumu. Read more »
Africa: Power Learn Project Launches First Cohort of Its Developers for Africa Program
Power Learn Project, a Pan African impact organization, has launched its flagship program to train 1 million young people with tech employability skills. Read more »
Kenya: Kenyan Manufacturers Urged to Reduce Import Bill Amid U.S. Dollar Shortage
Kenyan manufacturers have been urged to reduce their import bills and incorporate locally produced products into their business model in the wake of the US dollar shortage which… Read more »
June 06, 2022
East Africa: Optimism in East African Community After Entry of DR Congo
The Kenya Export Promotion and Branding Agency (KEPROBA) has lauded the entry of the Democratic Republic of Congo (DRC) into the East African Community (EAC) terming it as a win… Read more »
June 07, 2022
Kenya: Looming Job Losses as U.S. Dollar Shortage Bites
Concerns have been raised that the dollar shortage in Kenya could trigger job losses as more manufacturing firms may be forced to shut down or suspend operations as they try to… Read more »
June 06, 2022
Kenya: Kenya's Business Confidence Hits Record Low as Election Nears
Kenya's business confidence continues to decline two months before the General Elections scheduled for August 8, the Stanbic Bank Purchasing Managers' Index (PMI) has revealed,… Read more »
Kenya: Pwani Oil Shuts Down Plant, Suspends Operations Citing Dollar Shortage in Kenya
Pwani oil, the manufacturer behind the Salit Oil, Mpishi Poa, and Fresh Fry cooking oil products has announced the temporary halt of its operations citing among others the dollar… Read more »
Kenya: Momentum Credit Opens 12th Branch in Machakos
Momentum Credit - a non-deposit-taking financial institution, has opened its 12th branch in Machakos County to continue offering working capital solutions to Individuals and SMEs… Read more »
Kenya: Emirates Unveils Complementary Hotel Stays for Kenyan Passengers
In a bid to encourage more bookings, Emirates has rolled out a free hotel stay and baggage allowance offer for Kenyans travelling to Dubai and beyond between June to September… Read more »
Kenya: Kisumu PSV Operators Withdraw Vehicles Over Change of Routes
Matatu operators in Kisumu have withdrawn their vehicles to protest the changing of their routes by the county government. Read more »
Kenya: Sendy Partners With Google to Empower 5,000 MSMEs in Kenya, Nigeria
Sendy, a tech company that builds fulfillment infrastructure for e-commerce and consumer brands has joined Google in an initiative aimed at empowering Africa's small and medium… Read more »
Kenya: Efforts to End Importation of Fish in Homa Bay Escalates
Plans are underway to end the importation of fish into Homa Bay from China, Lakes Turkana and Naivasha that was triggered by the recent deficit of fish in Lake Victoria. Read more »
June 05, 2022
Kenya: 11 Perish As 14-Seater With 20 Onboard Rolls in Mwingi Crash
Eleven people died on Saturday night after a 14-seater Public Service Vehicle (PSV) they were travelling in veered off the road and rolled multiple times. Read more »
June 04, 2022
Kenya: Dib Bank Opens New Branch in Nairobi CBD
DIB Bank Kenya Limited has today opened a new branch at JKUAT Towers along Banda Street in Nairobi bringing services closer to customers in the Nairobi Central Business District… Read more »
June 03, 2022
Kenya: Kenya Airways Goes Green on Sustainable Flight Challenge
Kenya's National carrier, Kenya Airways (KQ) demonstrated the future of sustainable aviation by flying an environmentally sustainable B787-800 Dreamliner flight from Nairobi to… Read more »
Kenya: Price of Cooking Gas to Reduce As MPs Okay Proposal to Slash Vat
Members of Parliament have endorsed a proposal to amend the proposed amendment to Finance Bill 2022 to slash the Value Added Tax on LPG gas from 16 percent to 8 percent, a relief… Read more »
June 02, 2022
Kenya: Kenyan SMEs Projected to Contribute 50% of GDP in Next Three Years
Small and Medium Enterprises (SME) Sector is projected to contribute 50 percent of Gross Domestic Product (GDP) in the next three years. Read more »
June 03, 2022
Kenya: Safaricom Launches Virtual M-Pesa Virtual Card for International Payments
Telco service provider, Safaricom has launched a virtual visa card for international payments. Read more »
June 02, 2022
East Africa: Co-Operative Bank Named Best Regional Bank in East Africa
Co-operative Bank of Kenya has been awarded the Best Regional Bank of the Year in East Africa and was recognized for overall excellence in banking in the region. Read more »
Kenya: SWVL Suspends Intra-City Rides in Kenya
Egyptian ride-hailing service, Swvl says it will suspend the daily intra city rides in Kenya beginning June 3 citing the global economic downturn. Read more »
Africa: Dimension Data Announces New CEO to Lead Middle East and Africa
Dimension Data, a leading technology service provider in MEA has appointed Alan Turnley-Jones as Chief Executive Officer (CEO) of Dimension Data Middle East and Africa (MEA),… Read more »
Kenya: Catherine Muraga Appointed Microsoft's ADC Managing Director
The African Development Centre (ADC), Microsoft's premier engineering hub, has announced the appointment of Catherine Muraga as its Managing Director effective 01 June 2022. Read more »
Kenya: Relief for Kenyans as KPLC Receives Sh7 Billion Subsidy to Lower Electricity Bills
Kenyans are set to enjoy cheaper electricity bills after the National Treasury issued a Sh7.05 billion subsidy to Kenya Power to allow it to cut electricity bills by a further 15… Read more »
June 01, 2022
Africa: African CEOs Lagging Behind Their Global Peers in Adopting ESG Goals
PwC has urged business leaders to urgently drive effective ESG strategies in the Africa focused on Environmental, Social, and Governance (ESG) research as they cannot afford to… Read more »
Kenya: Infrastructure Development, Healthcare Reforms Major Govt Gains - Kenyatta
President Uhuru Kenyatta has described infrastructure development, digitization and healthcare reforms as some of the major gains in his government. Read more »