- At the Jomo Kenyatta University of Agriculture and Technology department of Horticulture and Food Security, Dr. Paul Kinoti and his team are busy. This team is specialising in non-conventional farming methods, focusing on snail farming and its benefits.
- In the wake of claims that a Nairobi City County land title deed was used by a private developer to secure a Ksh1.9 billion loan from a local bank, the accused real estate firm, Jabavu Village Ltd, has refuted the claims.
- The Kenya National Chamber of Commerce and Industry (KNCCI) board of directors has announced the appointment of Ahmed Farah as the chamber’s new CEO.
- The government of Kenya, through the Ministry of Agriculture, has announced plans to purchase one million bags of maize from farmers across the country at a price of Ksh.3,500 per 90kg bag.
- The executive board of the International Monetary Fund (IMF) has approved the Kenyan government's request to access Ksh.78 billion loan in an effort to rebuild its fiscal policies.
- To expand equitable financing for Micro, Small, and Medium Enterprises (MSMEs) in the marginalized Northern Kenya region, the Impact for Northern Kenya (INK) Fund, a sustainable impact investment fund from USAID Kenya and East Africa in collaboration with USAID Kuza has disbursed over $26.1 Million…
- In its efforts to ensure a consistent flow of capital to support its Environmental, Social, and Governance (ESG) projects, telco service provider Safaricom has hinted at the possibility of issuing a green bond in the future.
- Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.
- The eCommerce Day East Africa | Kenya is set to take place from November 18 to November 20, offering a dynamic three-day event designed to inspire and empower professionals in the e-commerce industry.
- Lender HF Group has received regulatory approval from the Capital Markets Authority (CMA) to raise up to Ksh.6 billion through a Rights Issue transaction.
- Stakeholders in the digital asset industry are urging the Kenya Revenue Authority (KRA) to simplify tax compliance processes for the growing crypto sector.
- Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg's plan to shore up the finances of the struggling planemaker.
- Kenya has fulfilled all targets mandated by the International Monetary Fund in a review of its loan programme, the country's central bank governor told Reuters on Wednesday, and expects to continue its engagement with the global lender after April.
- Mercedes-Benz inaugurated Monday a plant for recycling electric vehicle batteries in Germany, with the luxury carmaker's boss hailing a "key milestone" in boosting the sector's sustainability.
- A UK regulator on Monday said it had fined a division of German car giant Volkswagen £5.4 million ($7 million) over its treatment of customers in financial difficulty.
- The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks.
- The Kenyan shilling was unchanged against the dollar on Friday and will likely remain at the same levels in the next week, one foreign exchange trader said.
- SBM Bank in partnership with the Centre for the Promotion of Imports (CBI), a program funded by the Dutch Ministry of Foreign Affairs has announced an initiative that will see women taking up valuable global trading opportunities.
- SBM Bank in partnership with the Centre for the Promotion of Imports (CBI), a program funded by the Dutch Ministry of Foreign Affairs has announced an initiative that will see women taking up valuable global trading opportunities.
- Kenya recorded a decrease in the number of Automated Teller Machines (ATMs) last year as customers shifted from ATM and physical bank branches to internet and mobile banking, a new Central Bank of Kenya report shows.
- JPMorgan Chase, the largest bank in the United States, has appointed the Central Bank of Kenya (CBK)’s former deputy director of financial markets, Sailepu Montet as its country manager for Kenya.
- Capital A Investment Bank, formerly Securities Africa Kenya Limited, has unveiled a new brand identity, marking a significant milestone in its journey after being upgraded from a licensed stockbroker to an investment bank by the Capital Markets Authority (CMA).
- Africa-focused e-commerce retailer Jumia Technologies will close its South African online fashion retailer Zando and its Tunisian operations by the end of the year to sharpen its focus on its other markets, the CEO told Reuters.
- A $1.5 billion (Ksh. 194.1B) loan that Kenya is discussing with the United Arab Emirates is a commercial one with an 8.25% interest rate and a seven-year tenor, Kenya's Finance Minister John Mbadi said on Wednesday.
- Bolt Kenya is gearing up for the launch of a new safety campaign as part of its continued commitment to enhancing security for its passengers and drivers.
- Kenyan government last week signed a Ksh.95 billion ($736 million) power transmission deal with Adani Energy Solutions to develop and maintain key transmission lines and substations across the country.
- The tea industry is one of the biggest contributors to Kenya’s economy, with data from the Tea Board of Kenya showing that tea contributes 23% of total foreign exchange earnings.
- Super petrol, diesel and kerosene prices went down by Ksh.8.18, Ksh.3.54 and Ksh.6.93 per litre respectively in the latest Energy and Petroleum Regulatory Authority (EPRA) review announced on Monday.
- The upcoming eCommerce Day East Africa 2024 will be held in Nairobi from November 18-20, 2024, with the central event taking place on November 19 at the Emara Ole Sereni Hotel.
- Small and Medium-sized Enterprises are likely to shy away from using mobile payment platforms like PayBill and Till numbers following the President’s Senior Economic Advisor Moses Kuria's announcement to collect taxes on payments made via these platforms.
- Elon Musk showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event on Thursday and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer.
- Residents of Kakamega County are calling on the Kenya Airports Authority (KAA) to rehabilitate the Kakamega Airstrip to provide a lifeline to hundreds of businesses that relied on flight operations in and out of the airstrip.
- Kenya expects more money from the International Monetary Fund by the end of the year and is in talks with the Fund about combining the seventh and eighth reviews of its support programme.
- The Central Bank of Kenya slashed its benchmark lending rate to 12.00% from 12.75% on Tuesday, in a move aimed at stimulating credit to the private sector, the bank's Monetary Policy Committee (MPC) said in a statement.
- Adani Group is negotiating a $900 million (about Ksh.116 billion) deal to upgrade Tanzania’s electricity transmission line, Bloomberg reports, citing a top government official familiar with the matter.
- Kenya Power and Lighting Company (KPLC), the nation's electricity provider, has announced that customers will soon begin to monitor power outages and apply for electricity connection through its revamped digital self-service platforms.
- The government has asked the International Monetary Fund to conduct an official assessment of corruption and governance issues, the IMF told Reuters, after a push by Western nations.
- AirAsia X (AAX) has announced the launch of its first-ever direct flights connecting Kuala Lumpur to Nairobi, a strategic move expected to significantly boost Kenya’s tourism sector.
