(NAIROBI, KENYA) – The board of Kenya Airways has removed George Kamal as acting group managing director and chief executive officer after just over eight months in the role. He has been replaced by Habil Waswani, the airline’s company secretary and head of legal, who will also serve in anContinue Reading
(NAIROBI, KENYA) – Telecommunications operators in Kenya will be required to wait six months before deactivating and reassigning dormant mobile numbers, up from the current three-month practice, under new regulations proposed by the Communications Authority of Kenya. The change aims to give subscribers longer control over their lines but introducesContinue Reading
(FORT PORTAL, UGANDA) – King Oyo Nyimba Kabamba Iguru Rukidi IV, the Omukama of Tooro who died on Thursday 27th August at the age of 34, leaves behind a financial legacy tied to land, government support and the weight of a 200 year old institution. His personal wealth was modestContinue Reading
(NAIROBI, KENYA) – Kenyan farmers, businesses and private consumers will gain access to expanded vehicle and agricultural equipment financing under a new partnership between Absa Bank Kenya PLC and Simba Corporation. The two companies have signed a Memorandum of Understanding (MoU) that combines Simba Corporation’s automotive and agricultural machinery rangeContinue Reading
(NAIROBI, KENYA) – Visa, _able and Onafriq have partnered to help financial institutions expand access to formal credit in Kenya and other markets across Central and Eastern Europe, the Middle East and Africa, using existing debit and prepaid cards. The partnership is aimed at allowing eligible financial institutions to addContinue Reading
(NAIROBI, KENYA) – Kenya Commercial Bank (KCB) has established a medium term sustainability bond programme of up to KES 300 billion, equivalent to about $2.32 billion / £1.72 billion / €2.00 billion, to finance green, blue and social investments over more than five years. The programme is subject to regulatoryContinue Reading
(NAIROBI, KENYA) – Six major coffee buyers bought 85% of the coffee traded at the Nairobi Coffee Exchange Sale 36, showing the continued control of a few players in Kenya’s coffee auction market. The auction at Wakulima House generated KES946.98 million ($7.3 million / £5.7 million / €6.6 million) fromContinue Reading
(NAIROBI, KENYA) – Kenya is speeding up completion of the Raila Odinga International Stadium, also known as Talanta Stadium, as preparations intensify for the 2027 Africa Cup of Nations tournament. Youth Affairs, Creative Economy and Sports Cabinet Secretary Salim Mvurya said on Wednesday 19th August that the project has recordedContinue Reading
(NAIROBI, KENYA) – The Kenya Tea Development Authority (KTDA) will supply two million bags of fertiliser to more than 600,000 tea farmers starting next month, following delays in shipment of the consignment. KTDA National Chairman Enos Njeru said the authority had procured 99,000 metric tonnes of fertiliser, equivalent to twoContinue Reading
(NAIROBI, KENYA) – Counties have received KES2.9 billion ($22.3 million / £17.6 million) in long delayed mineral royalties, the National Treasury has said, marking a boost for devolved units and communities around mining sites. The Treasury did not name beneficiary counties, but previous records showed that 32 mineral rich countiesContinue Reading
