(MOMBASA, KENYA) – Kenya and the Democratic Republic of Congo (DRC) are moving to strengthen cooperation between the Kenya Ports Authority (KPA) and Congolese authorities in a bid to expand trade and cement Kenya’s position as a logistics hub for Central Africa. Jomvu Member of Parliament Badi Twalib said improvedContinue Reading
(NANYUKI, KENYA) – SBM Bank Kenya has opened its 34th branch in Nanyuki, marking its entry into the Mt Kenya region as it targets customers in agriculture, tourism, real estate and small businesses across Laikipia County. The new branch, located at Peak Place Building in Nanyuki Town, is expected toContinue Reading
(NAIROBI, KENYA) – The Public Service Superannuation Fund (PSSF), Kenya’s civil servants pension scheme, is changing its investment policy to reduce its heavy reliance on fixed income securities and take on more risk in pursuit of higher returns for its members. The fund had KES 270.1 billion ($2.09 billion /Continue Reading
(NAIROBI, KENYA) – Kenya is moving to borrow KES 38.74 billion ($300.1 million / £237.4 million / €276.9 million) against future betting tax collections to complete 33 stadium projects across the country. The Sports, Arts and Social Development Fund (SASDF) has started looking for a transaction advisor and lead arrangerContinue Reading
(ELDORET, KENYA) – Construction of the ultra-modern 64 Market in Eldoret City has reached 50% completion, with Governor Jonathan Bii Chelilim assuring traders that stalls will be allocated equitably once the facility is completed. Speaking during a fundraiser in Ngeria over the weekend, Governor Bii said priority would be givenContinue Reading
(MOMBASA, KENYA) – Kenya is losing an estimated KES 45 billion (about $343 million / £270 million / €315 million) every year to illegal, unreported and unregulated fishing, government officials revealed during a stakeholders’ forum on marine fisheries conservation held at Shanzu, Mombasa. The forum brought together government agencies, researchContinue Reading
(KINANIE, KENYA) – The government has officially commissioned and handed over the first warehouse at the Kenya Leather Industrial Park in Kinanie, Athi River, to the first private investor, marking a major milestone in Kenya’s quest to revive its leather industry. Principal Secretary for the State Department for Industry DrContinue Reading
(NAIROBI, KENYA) – Greek multinational Amaco Energy Group plans to build a $1.5 billion (KES 194 billion / £1.18 billion / €1.38 billion) artificial intelligence data centre in Mombasa to tap East Africa’s growing demand for computing infrastructure. Amaco CEO Theodore Theodoropoulos is in Kenya for talks with government officialsContinue Reading
(NAIROBI, KENYA) – Ten high profile disputes involving firms and the Competition Authority of Kenya have been thrown into limbo after the Competition Tribunal lost the quorum required to hear and determine appeals against decisions by the regulator. The tribunal’s secretary and chief executive officer, Julius Mutua, has urged TreasuryContinue Reading
(NAIROBI, KENYA) – Kenyan businesses face higher costs to interact with customers online as Meta begins charging for messages firms send on WhatsApp in response to customer queries. Beginning 1st October, the US technology giant will introduce a charge of KES 0.52 (about $0.0040 / £0.0031 / €0.0037) for eachContinue Reading
