Kenya
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BUSINESS
Stanbic Bank Affirms Commitment To Foster Growth Of SMEs In Kenya
Stanbic Bank Kenya has affirmed its commitment to SMEs growth and capacity building through innovative, customized and relevant solutions. The Bank made this announcement during the Kenya Annual Manufacturing Summit & Expo, popularly known as the Changamka Shopping Festival, organized in partnership with the Ministry of Investments, Trade, and Industry. Speaking to the theme of the festival, “Celebrating Kenya’s Manufacturing…
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BUSINESS
Crossborder Investments Key to Enhancing Intra-Africa Trade
Prime Cabinet Secretary Musalia Mudavadi has said entry of Commercial International Bank (CIB) into Kenya’s market is a major win for Africa’s quest to enhance trade among its 54 member states. Speaking at the Kenya-Egypt Business Forum in Nairobi attended by 40 Egyptian companies among them construction, transport, water, tourism, manufacturing and healthcare, Mr Mudavadi said Kenya was at the…
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NEWS
Kenya setting the pace in EV adoption in Africa
Electric Vehicles (EV) are gaining momentum in Kenya thanks to the government’s National Electric Mobility Plan, which focuses on creating a more green transportation system and rolling out diverse initiatives for sustainable road traffic management. In April this year, Kenya Power released a report that revealed how the country has witnessed increased interest from local and international stakeholders keen on…
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BUSINESS
Linturi Says Government will offer tax incentives for tea value addition
The Government is in the process of rolling out incentives across the tea sub-sector to enhance value-addition initiatives aimed at unlocking the potential of Kenya’s tea across global markets. Announcing the Kenya Tea Development Agency’s (KTDA) annual directors’ conference in Nairobi today, Agriculture and Livestock Development Cabinet Secretary, Mithika Linturi, said his ministry through the Tea Board of Kenya, has…
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NEWS
Little Voices, Big Impact: Kids Speak Up Against GBV with “Activate Nairobi” in Korogocho
In the heart of Korogocho’s Daniel Comboni Primary School, a powerful message is creatively passed through laughter and vibrant performances during the “16 Days of Activism” campaign under “Activate Nairobi.” Thanks to the Italian Institute of Culture (IIC) and Italian Agency for Development Cooperation (AICS), children’s voices are becoming a mighty tool to combat gender-based violence (GBV). A youth-led Social…
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NEWS
Nairobi Gate opens first special economic zone in East Africa with gazetted customs control area
Nairobi Gate Industrial Park has launched the first Special Economic Zone (SEZ) with a gazetted customs control area in East Africa. This consolidation will allow businesses operating from Nairobi Gate additional efficiencies including a one-stop shop for regulatory agencies including the Kenya Revenue Authority, Kenya Ports Authority, customs, and the Special Economic Zones Authority (SEZA). Speaking at the launch, Hon.…
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NEWS
Exploring OdiBets: A Game-Changer in Kenyan Sports Betting
Since launching in Kenya, the world of sports betting has experienced excellent transformations in favour of its ardent fans. OdiBets has not only captivated sports fans with its unique offerings but has also raised the bar by introducing unique features like free bets, an Android app, referral bonuses, fastest live betting, online casinos, Aviator, Omoka na EPL, among others In…
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NEWS
Faulu Bank Empowers SMEs Through Innovative Customer Engagement Forums
Faulu Microfinance Bank has kicked off the rollout of its revamped solutions to customers and SMEs across the country ensuring that they fully understand and can harness the benefits of their new offerings. The move is in line with the bank’s new commitment to foster the growth of small and medium-sized enterprises (SMEs) even as it positions itself as a leading Traders…
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NEWS
Opportunities for Africa’s green industrial transformation are rife but efforts are needed in skills development and funding
Jacob’s Ladder Africa, a not-for-profit organisation focused on green workforce readiness, along with the Future of Development Programme at the Oxford Martin School (University of Oxford) hosted a roundtable discussion on green livelihoods and the future of jobs in Africa. The roundtable convened key individuals from academia, industry, international development sector and the youth population to raise key challenges and…
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NEWS
Laikipia Residents Benefit from LG And Habitat’s for Humanity Social Impact Project
LG Electronics, in partnership with Habitat for Humanity Kenya (HFHK), has successfully handed over complete infrastructure facilities focused on learning and safety, as well as water, sanitation, and hygiene to support more than 260 individuals residing in Seger Ward, Nanyuki, located in Laikipia County. The facilities, which include a classroom, toilet blocks, water tanks, and renovated houses were constructed in the…
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BUSINESS
Kisumu City Set to Host Kenya’s First Business Ecosystem Summit
Kenya is set to host the first-ever Business Ecosystems Summit (BES) in Kisumu City on Friday, September 1st, 2023. This is in line with ongoing key government reforms aimed at stimulating business growth across the country, bolstering economic independence and prosperity. Organized by the IMC People Ltd in partnership with the Lake Region Economic Bloc (LREB), the summit is aimed at unlocking the potential…
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NEWS
Lung Cancer Initiatives to Transform Patient Care in Kenya launched
AstraZeneca, in partnership with The Ministry of Health, Kenya Society of Hematology (KESHO), Axios, The National Cancer Institute of Kenya (NCI), various health facilities, and professional societies have launched an innovative therapy for the management of lung cancer in Kenya. The targeted therapy treatment is specifically designed to combat non-small cell lung cancer (NSCLC) with epidermal growth factor receptor (EGFR)…
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NEWS
AGRA Unveils Strategy to Boost Food Security and Smallholder Farmer Resilience in Kenya
AGRA has launched its Kenya Strategy to support the country’s efforts to enhance food security and build the resilience of smallholder farmers by strengthening market systems. The 5-year strategy aligns with Kenya’s Vision 2030 blueprint for long-term development, which aims to transform the country into a newly industrializing, middle-income nation. The strategy builds on the achievements and lessons from Agra…
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NEWS
Fintech firm LemFi picks comedian Njugush as its brand ambassador
Fintech startup LemFi (Formerly Lemonade Finance) has announced comedian Njugush as its brand ambassador after launching its services in Kenya According to a statement from the company, the comedian will be working closely with LemFi to promote the company’s services and products amongst the Kenyan diaspora. Njugush will also lend his voice to LemFi’s marketing campaigns and initiatives in the country. LemFi officially…
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NEWS
748 Air Services steps up race to become a carbon neutral airline
Renowned airline, 748 Air Services has affirmed its commitment to achieve carbon neutrality as it embarks on tree planting to compensate for its carbon emissions. 748 Air Services Managing Director, Moses Mwangi said the airline will boldly and aggressively seek proactive ways of playing in the front row of addressing climate change in the country. “We recognised in aviation we…
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NEWS
Arvind Bhandari: What kind of year are you preparing for?
In 2023, Nestlé celebrates 55 years of doing business in Kenya –. That’s five and a half decades of unlocking the power of food for families in the east and horn of Africa! At this time of the year, that 55-year mark is a significant touchpoint as we reflect on the year that was and look forward to the year…
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NEWS
KenGen adds additional 3000MW to fast track deployment of renewable energy
KenGen has announced a renewed plan to scale up the deployment of renewable energy in the country by adding an additional 3000MW. This new campaign will be driven largely by deploying up to 2000MW drawn from geothermal and hydro sources as baseload power to stabilize the country’s energy sources thereby diversifying away from expensive thermal sources. At the same time,…
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NEWS
Huawei to absorb NYS graduates
Huawei Technologies has partnered with the Kenya government to roll out an affirmative program that will involve the firm employing 500 graduates from the National Youth Service (NYS) annually. Speaking during the official opening of the national job fair organized by Huawei and the Nation Media Group, Ababu Namwamba, the Cabinet Secretary for Youth Affairs, Sports and Arts announced that…
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NEWS
KCB Group Completes Acquisition of DRC-based Trust Merchant Bank
KCB Group has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals. The Group now owns 85% stake in the Democratic Republic of Congo (DRC) based lender. KCB Group obtained the regulatory green light in Kenya, the Democratic Republic of Congo and the COMESA Competition Commission, setting the stage for the…
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NEWS
KRA intercepts uncustomed ethanol worth Kshs. 10.9 Million
Kenya Revenue Authority (KRA) in collaboration with the multiagency team has intercepted a truck carrying 54 drums of uncustomed ethanol. The drums were carrying 250 litres each with an estimated market value of Kshs. 10,900,000. The ethanol had a tax implication of Kshs. 6,700,000. The consignment was intercepted along the Kacheliba-Makutano route in West Pokot County. The Multiagency team based…
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