August 12
Kenya: Davinci Gourmet Unveils Inaugural Barista Craft Championship 2024
Beverage manufacturer DaVinci Gourmet has announced its inaugural Barista Craft Championship 2024. Read more »
Ethiopia: Safaricom Ethiopia Active Customers Hit 4.6mn in Q2
Safaricom Ethiopia customer base grew by about 250,000 subscribers to 4.6 million in the quarter two (Q2) ending July as the telco rolls out an aggressive plan to grow user base. Read more »
Kenya: Equity Half-Year Net Profit Jumps 12 Percent to Sh29.6bn
Equity Group's half-year profit after tax grew by 12 percent to Sh29.6 billion compared to a similar period last year, boosted by high interest income and improved performance by… Read more »
Kenya: Kenya Railways Refutes Claims 10 DMU Trains Have Broke Down
The Kenya Railways Corporation (KRC) has refuted claims that 10 out of its 11 Diesel Multiple Unit (DMU) trains bought in 2020 have broken down and only one is operational. Read more »
August 11
Kenya: Aviation Workers to Serve Strike Notice Over JKIA Leasing Concerns
The Kenya Aviation Workers Union (KAWU) has announced an intended strike to protest the planned leasing of Jomo Kenyatta International Airport (JKIA) to a private operator. Read more »
Kenya: Chinese Smart-Meter Company Opens Manufacturing Plant in Kenya
Global provider of smart energy solutions, CHINT Global, has opened a new manufacturing plant at Graylands Industrial Park in Athi River, Machakos County. Read more »
August 09
Kenya: 85 Percent of Kenyans Expect Higher Incomes in 2025
85 percent of Kenyan consumers are confident that their incomes incomes will grow next year due to enhanced debt management, according to a recent study by TransUnion. Read more »
Kenya: Rising Allowances, Benefits Drive Up Public Wage Bill Expenditure
The Salaries and Remuneration Commission (SRC) has released the Fourth Quarter Wage Bill Bulletin for the financial year 2023/2024, revealing that allowances and benefits make up… Read more »
Kenya: Kam Advocates 20pc Manufacturing Sector Growth for Job Creation
Manufacturing exhibitors from Africa, Asia, and Europe are congregating in Nairobi for the 8th edition of the Agro-Food Pack exhibition. Read more »
Kenya: Stanbic Declares Sh1.84 Interim Dividend As Profit Hits Sh7.2bn
Stanbic Bank has declared an interim dividend of Sh1.84 per share as profit grows to Sh7.2 billion in the half year ending June 2024. Read more »
August 08
Kenya: Jubilee Unveils Dollar Denominated Money Market Fund
The Jubilee Asset Management Limited has introduced a U.S. dollar-denominated fund to attract hard currency investment. Read more »
Kenya: Sugar Pricing Committee Criticized for Lowering Cane Prices
The Sugar Pricing Committee has come under fire for reducing the price of sugarcane based on the retail price of sugar. Read more »
August 06
Kenya: Loan Cost to Go Down As CBK Cuts Base Rate to 12.75pc
The Central Bank of Kenya's (CBK's) Monetary Policy Committee (MPC) has cut its base rate to 12.75 percent in August, cutting the cost of taking credit from financial institutions. Read more »
Kenya: KQ, Safaricom Join Forces to Enhance Digital Solutions
National carrier Kenya Airways (KQ) and Safaricom have partnered to bolster innovation in digital solutions to boost operational efficiency, cybersecurity, and customer experience. Read more »
Kenya: Mobius Motors Announces Closure As Shareholders Approve Liquidation
Kenyan vehicle manufacturer Mobius Motors is set to close Kenyan business after its shareholders approved plans to place the firm under liquidation. Read more »
August 07
Kenya: CBK Projects Stability in Kenya's Forex Market
The Central Bank of Kenya (CBK) now projects Kenya's forex market to remain stable despite reducing the lending rate to 12.75 percent. Read more »
August 05
Kenya: New AI Tools to Help Small Pharmacies Access Financial Services
Microsoft has teamed up with Kenyan start-ups Zendawa and Flapmax to deploy AI-powered solutions in the health sector. Read more »
August 04
Kenya: UON Staff Union SG Wekesa Criticizes VC Kiama's Ouster
University of Nairobi Secretary-General Maloba Wekesa, has voiced concerns over the recent suspension of Vice-Chancellor Prof Stephen Kiama. Read more »
August 05
Kenya: KPA Acquires Sh102.9mn Container Handling Machines
The Kenya Ports Authority (KPA) has acquired four more Rubber Tyred Gantry Cranes (RTGs) at the port of Mombasa. Read more »
August 03
Kenya: I Have Not Sold JKIA to Indian Firm - Murkomen
Sports and Youth Affairs Cabinet Secretary nominee Kipchumba Murkomen has denied allegations that he "sold" Jomo Kenyatta International Airport (JKIA) in a deal involving an Indian… Read more »
Kenya: Mvurya Says Net Worth Up By Sh38n During Tenure As Blue Economy CS
Trade Cabinet Secretary nominee Salim Mvurya's now says his net worth grew by Sh38 million during his 21-month tenure as Blue Economy and Fisheries Cabinet Secretary. Read more »
Kenya: Mvurya Denies Being a 'Desk Minister' During 21-Month Tenure As Blue Economy CS
Trade Cabinet Secretary nominee Salim Mvurya has denied claims that during his 21-month tenure as Cabinet Secretary Blue Economy and Fisheries he was simply a 'desk minister.' Read more »
Kenya: Mbadi Seeks to Preserve Key Provisions in Finance Bill 2024 Through Amendments
Treasury Cabinet Secretary John Mbadi has advocated for the saving of 'good provisions' in the Finance Bill 2024 through amendments. Read more »
August 02
Kenya: Transport CS Nominee Chirchir Proposes Increasing Government Stake in Kenya Airways to 80 Percent for Revival
Davis Chirchir, the Cabinet Secretary nominee for Transport and Roads, has suggested that Kenya Airways can be salvaged if the government increases its ownership stake in the… Read more »
Kenya: Unilever-Backed Accelerator Program Awards 5 Kenyan Startups Sh81mn
Five Kenyan startups have received a Sh81 million boost from TRANSFORM, an impact accelerator backed by Unilever, the British High Commission (BHC), and EY. Read more »