September 22, 2022
Kenya: HACO, University of Nairobi Collaborate On Industrial Placement
HACO Industries and the University of Nairobi have signed an agreement to collaborate to advance Kenya's Fourth Industrial Revolution The move is part of the company's wider aim to… Read more »
September 21, 2022
Kenya: Export Value Rises By 17 Percent Helped By Agriculture Produce
Kenya's export value increased by 17 per cent in 2021 to hit KSh 666.7 billion (US$ 5.5 billion) compared to KSh 567.4 billion (US$ 4.7 billion) in 2020 Data from the Kenya Trade… Read more »
September 20, 2022
Kenya: Kakuzi Prepares to Export Second Avocado Shipment to China Amid Growing Demand
NSE-listed agribusiness Kakuzi says it has secured pre-shipment approvals from the Kenya Plant Health Inspectorate Service (KEPHIS) for its second fresh avocado shipment to China… Read more »
September 19, 2022
Kenya: CIC Asset Management Scheme Retains Market Leadership Position in Second Quarter of 2022
New data now shows that CIC Asset Management has retained its leading position in unit trusts in Kenya, with a 40.46 per cent market share Assets under CIC's management reached KSh… Read more »
Kenya: KCB Invests Billions to Support Oil Marketing Firms Importing Petroleum Imports
KCB Bank Kenya has invested over KSh 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector KCB has been… Read more »
Kenya: The ICT Sector Will Reap Highly From Ruto's Plan to Advance Digital Space
President Ruto's administration plan regarding the ICT sector represents a significant move towards a much anticipated economic revolution in Kenya. Read more »
Tanzania: U.S., Tanzania Forging Investment Partnerships Worth Billions
American investors are about to transform Tanzania's investment landscape with 19 US companies exploring various opportunities with a total market capitalization of over US$1.6… Read more »
September 14, 2022
Africa: Dangote Attends Ruto Inauguration - Is It Time for Cement Factory in Kenya?
In 2017, Africa's richest man Aliko Dangote, registered two companies in Kenya planning to produce cement in Nairobi and Mombasa. Read more »
Kenya: Safaricom Partners With NCPWD to Help Persons With Disabilities Find Jobs
Persons with Disabilities in Kenya will get connected to jobs more easily following a partnership between Safaricom and the National Council of Persons with Disabilities (NCPWD)… Read more »
September 13, 2022
Africa: Google U.S.$3.9 Million Fund for Tech Startups to Export Technologies
A US$3.980 million (Sh479.2 million) fund will help 60 black-founded African firms so they may export their technologies outside their nations, including 12 in Kenya. Read more »
September 11, 2022
Tanzania: Vodacom Confident of Profitable Year Despite Q2 Bad Returns
Vodacom Tanzania fell Sh103.8 billion short of its second quarter target and the company blames it on what it says is 'the impact of mobile money transaction levies.' Read more »
September 10, 2022
Tanzania: Energy Solutions to Solving Water Crisis
The Tanzanian Parliament recently passed a US$ 294 million budget to fund the country's Ministry of Water projects for the 2021/22 financial year. Read more »
September 11, 2022
Kenya: Kenya's Stock Rebounds After Election Jitters
NSE market update: On Wednesday, Sep 7, investors proved their confidence in Kenya's new president William Ruto as the Nairobi Stock Exchange (NSE) shot through the roof to record… Read more »
September 08, 2022
Kenya: Jeremy Awori Leaves Absa Bank After Nearly 10 Years
Absa Bank Kenya has announced the exit of its CEO Jeremy Awori after nearly ten years of service Commenting on Awori's tenure, the board credited him for outstanding leadership,… Read more »
September 06, 2022
Kenya: Kenya's Blockchain Election - the Masterstroke That Silenced Petitioners
Four years ago, and a year after the nullification of the 2017 election in Kenya, the electoral commission said that technology would be employed to allow presidential candidates… Read more »
September 07, 2022
Ghana: Uber Expanding in 8 More Cities Across Kenya, Nigeria and Ghana
Uber is expanding into eight more cities across Kenya, Nigeria and Ghana and raising its safety measures The company announced that it will now be operational in Owerri and Akure… Read more »
Kenya: Businesses in Kenya Were Negatively Affected By August 2022 Elections - Pmi
Kenya's Purchasing Managers' Index (PMI) fell below the 50 points mark to 44.2 in August 2022, down from 46.3 in July, to indicate deteriorating conditions for businesses in the… Read more »
September 06, 2022
Kenya: Bottom-Up Economics - Will Kenya's President-Elect Live Up to His Pre-Election Pledge?
As described in his manifesto, Kenya's president-elect William Samoei Ruto's bottom-up economics plan appealed to the electorate all over the country. Read more »
August 24, 2022
Kenya: Shanta Eyes U.S.$500,465 West Kenya Gold Licences
Shanta Gold, a London-listed exploration company, is interested in purchasing three further prospecting permits from Canadian miner Barrick Gold in the Western Kenya project after… Read more »
August 13, 2022
Kenya: Wealthy Citizens Saved Over U.S.$17 Million Daily Before Polls
As per data provided by the Central Bank of Kenya (CBK), the total value of foreign currency bank deposits in Kenya reached a new all-time high of Sh891.5 billion in June, up from… Read more »
August 08, 2022
Kenya: Kenya - State to Construct U.S.$83 Million Mixed-Use Facility in Nakuru
Local Authorities Pension Fund (LAPF) Kenya has announced plans to construct a mixed-use facility at an estimated cost of KSh 10.0 billion ($83 million) in Nakuru County. Read more »
May 10, 2022
Tanzania: Tanzania's Exports to Kenya Grow to Highest Levels Recorded Since Independence
Kenya's imports from Tanzania nearly doubled from $242.6 million in 2020 to $473.9 million in 2021 Read more »
Tanzania: Tanzania Targets Increased Job Creation With Multibillion Dollar Chinese Investment
Huge investment in Tanzania industries is another profitable sector that stand to transform Tanzania economy exponentially. Read more »
May 03, 2022
Tanzania: How Tanzania is Bagging Billions in Natural Gas Investments
Tanzania liquefied natural gas front has received a $30 billion shot in the arm from large energy companies including Equinor and Exxon Mobil. Read more »
April 28, 2022
Kenya: Securing DR Congo - Kenyatta Calls for an Unbreakable National Pact
Kenya's President Uhuru Kenyatta has called on different armed groups in DR Congo to lay down their weapons and work with President Félix Tshisekedi in nurturing peace and… Read more »