- Their Mombasa-based firm, Autoports Freight Terminals Limited, has over the years locked down a number of lucrative contracts putting them at the heart of regional trade in East Africa. Autoports is licensed to operate container freight stations (CFS) - warehouses where export and import shipments…
- Bamburi Cement was named the second most inclusive listed company at the National Diversity and Inclusion Awards & Recognition (DIAR) held on Friday, 3rd March, 2023.
- Google has announced three new initiatives aimed at empowering women entrepreneurs in Africa and providing them with the resources they need to succeed. The initiatives include the Google for Startups Accelerator Africa: Women Founders Cohort, the Hustle Academy for Women-Led SMEs, and a social…
- With her sprawling, innovative lyrics about the allure of new romance, love and self-confidence, South African singer Tyla has invented herself as an artist with the power to navigate the boundaries of several music genres. For the month of March, music streaming platform Spotify has announced Tyla…
- Smallholder Potato Development Programme formed the ‘Potato Consortium’ that brings together all companies that bring on board domain expertise in all matters potatoes
- IATA Airlines Safety Report: The International Air Transport Association (IATA) has released the 2022 Safety Report for global aviation, which shows a reduction in the number of fatal accidents and the fatality risk.
- Global cloud communications platform Infobip celebrates International Women’s Day reinforcing the relevance of gender equity as part of its company structure and the value added to the business strategy, go-to-market, and high performance, due to women that are part of its employee team force. On…
- The fact that migrant women account for half of global remittance transactions highlights the important role they play in supporting their communities back home.
- The Public Service Commission (PSC) on Tuesday, March 7th announced vacancies for Information Communication Technology (ICT) officers. A total of 34 roles are open in the Ministry of ICT and Digital Economy.
- Impacc, a non-profit that supports green companies in Africa, has announced a call for application for its third venture cohort of investment in innovative entrepreneurs.
- Absa Bank Kenya PLC and the eco.business Fund, an impact fund, have announced a Ksh1.26 billion (USD 10 million) partnership for the bank to on-lend to domestic and export businesses participating in the country’s agricultural value chains. The funding line is expected to improve resource…
- In June 2022, Safari Rally star Maxine Wahome made history after winning the WRC3 Category at the WRC Safari Rally, making her the first Kenyan woman to win a WRC race. The win earned her world recognition and accolades from world champions, including even-time Formula 1 champion Lewis Hamilton.…
- The third edition of the AmCham Business Summit - the premier US-East Africa trade and investment forum - will be held on 29th-30th March 2023, in Nairobi, Kenya.
- Radio 47, the newest kid on the block, is literally shaking Kenya’s airwaves. The management, led by Mount Kenya University (MKU) chairman and founder, Prof Simon Gicharu, is putting final touches to launch plans, set for this month.
- Radio 47 presenters: Cape Media, the company running the radio station and TV 47, has poached big names in radio hoping to pull audiences and help grow the station into a leading source of news and information.
- Kuria had called for China Square's closure, stating that Kenya welcomed Chinese investment in manufacturing but not in retail trade. At the same time, local traders from Gikomba and Nyamakima markets launched protests against China Square mall - whose prices were on average 45% lower, attracting…
- Women of reproductive age and children in Homabay and Migori Counties are set to benefit from projects by the M-Pesa Foundation worth Ksh14.9 million that seek to improve access to quality maternal health services. In Migori County, the M-Pesa Foundation in collaboration with Flying Doctors, the…
- Today, he is still heavily involved in the agricultural business among other sectors. Some of his biggest investments are commercial farms. Here, Business Today looks at some of President William Ruto's key agribusiness ventures.
- Majid Al-Futtaim (MFA), Carrefour’s parent company, has appointed Christophe Orcet as the new country manager in Kenya. Orcet previously served as the head of operations and commercial for the MAF Carrefour in the United Arab Emirates (UAE). He takes over from Franck Moreau who silently left the…
- Makini Schools is nearly completing the construction of state-of-the-art sports facilities at its Ngong Road campus, the first of its kind for the group of schools, in an investment that has cost the institutions millions of shillings.
- The US dollar’s outlook is increasingly uncertain as the global economy continues to suffer from the effects of trade wars and the COVID-19 pandemic.
- The Board of Absa Bank Kenya Plc has appointed Abdi Mohamed as the new Managing Director and CEO of Absa Kenya, subject to regulatory approvals. “This decision follows a rigorous recruitment process conducted between October 2022 and February 2023,” the board announced. Abdi is a Kenyan with…
- Ecobank Group, through its Commercial Banking division and supported by the Ecobank Academy, has partnered with Visa to provide micro, small and medium-sized enterprises (MSMEs) across Ecobank’s footprint with access to Visa’s Practical Business Skills educational resource. The online training…
- Radio Africa Group is one of the largest media companies in Kenya, with properties spread across broadcast, print and digital. Among its biggest brands are radio stations Kiss FM, Classic 105, Radio Jambo and East FM, newspaper The Star and entertainment channel Kiss TV. The company has grown and…
- Visa Foundation has announced a $1 million (Ksh127 million) grant partnership with two African organizations highlighting the importance of building an ecosystem for women entrepreneurs across the continent. The funding comes as part of Visa Foundation’s five-year, $200 million Equitable Access…
- The European Investment Bank, the world’s largest multilateral bank and leading global financier of renewable energy, will strengthen support for green hydrogen investment in Kenya. Thomas Östros, European Investment Bank Vice President and Professor Njuguna Ndung’u, Cabinet Secretary, National…
- In a decision announced Friday in Paris, The Financial Action Task Force (FATF) unanimously removed Morocco from the grey list, during the FATF General Assembly, held on 20-24 February, 2023.
- Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, on 2nd March 2023 announced that Mr Jeremy Awori has officially assumed his role as Chief Executive Officer of the Ecobank Group.
- SIM Swap Fraud is one of many mobile money-based frauds that have grown rampant in recent years. It enables scammers to access not just mobile money accounts such as M-Pesa, but also different digital banking and lending apps.
- The Kenya Revenue Authority (KRA) has rolled out the electronic Tax Invoice Management System (eTIMS), which is set to make tax filing and remission easier for businesses.
- TikTok has announced new well-being features for teens, families and its broader community. The entertainment platform is improving its screen time controls with more custom options, introducing new default settings for teen accounts, and expanding Family Pairing with more parental controls. Cormac…
- Prime Cabinet Secretary Musalia Mudavadi has previously placed his net worth at around Ksh4 billion. While he has holdings and assets including stocks, homes and an aircraft hiring business, Mudavadi has cited rental income as one of his biggest earners.
- The Chinese government has responded to the events surrounding the closure of the famous China Square. In a statement issued through the Chinese Embassy in Kenya, the Chinese government urged the Kenyan government to protect the business interests and rights of citizens of the two countries. “The…
- Kenya’s wealthy fared better than the wealthy anywhere else in the world during the economic turmoil of 2022, retreating from international citizenships and foreign property in favour of Kenya and Africa as safe havens, according to the 2023 attitudes survey issued today with Knight Frank’s annual…
- In his new role, he will play a key role in shaping the government's communication on its most important programs, including security operations overseen by the Interior Ministry - which is led by Kithure Kindiki as Cabinet Secretary.
- The Royal Academy of Engineering has opened applications for the 2024 Africa Prize for Engineering Innovation as the programme approaches its 10th anniversary. The Africa Prize supports ambitious entrepreneurs and innovators developing local and scalable solutions to everyday challenges on the…
- Mr Gerald Warui became Equity Bank Kenya’s 4th managing director. He rose to the top position following the resignation of Polycarp Igathe, who rejoined his previous employer, Vivo, to take up the newly created role as Executive Vice President of Sales and Marketing for Africa.
- Google has announced applications for the third cohort of Black Founders Fund for Startups opened in Africa and Europe in line with its commitment to digital transformation and support to black-founded startups. This year, Google has committed $4 million (Ksh507 million) to support eligible black-…
- Moses Kuria is the current Cabinet Secretary (CS) for Investments, Trade and Industry, having taken over the post on October 27, 2022. He took over from former CS Betty Maina. A seasoned politician who has served as a member of parliament for Gatundu South, Kuria unsuccessfully vied for governor of…
- As part of her itinerary, Dr Jill Biden made a personal visit to the Women for Peace Group in Kibera to experience table banking model, championed by Mama Rachel Ruto through the Mama Doing Good Organization.
- The loss was attributed to the 15 percent reduction in electricity prices effected by the state last year, as well as the weakening shilling. The 15 percent tariff cut was effected under former President Uhuru Kenyatta's administration in January 2022.
- The Anti-Counterfeit Authority (ACA) has seized goods worth Ksh50 million from China Square for an audit. According to the authorities, China Square could be involved in counterfeit business, after being accused of using the trademark “Finder”, which is allegedly owned by a Kenyan company. “We have…
- Former Prime Minister Raila Odinga and his family are among the major players in Kenya's energy sector, with significant investments in the petroleum sector. Through various market-leading companies, Odinga has interests across various facets of the sector, including the manufacturing and…
- Norfund, the Norwegian government’s investment fund, has signed a US$ 14 million (Ksh1.8 billion) financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDBIB, Sri Lanka, was the Financial Advisor for the transaction. Based at…
- Invesco Assurance Company Ltd has been placed under liquidation, the Insurance Regulatory Authority has announced. In a statement dated February 24, 2023, IRA said that Invesco Assurance Company Limited was placed under liquidation through a court order on February 6, 2023. “Invesco Assurance…
