Standard Bank sees Africa opportunities beyond crisis

By Reuters,

The lender, which forecast a multi-year, non-linear recovery in its home market, South Africa, said possible problems with vaccine rollout and the thr...

coronavirus , Standard Bank

Equity signs Ksh.11B credit facility with European development banks

By Citizen Reporter,

Equity Group Holdings Plc. has signed a US $100 million (Ksh. 11billion) loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the ...

coronavirus , Equity

Rising e-waste crisis is being reckoned with in Rwanda, one gadget at a time

By CNN,

For Eric Nshimiyimanain, who owns two small electronic repair shops in Kigali, Rwanda, the startup chime of an old Windows laptop is the sound of a bu...

e-waste , Rwanda

AGRA International Women’s Day pre-event fosters partnerships

By Citizen Reporter,

AGRA has kicked off the celebrations of 2021 international women’s day by a series of in -country VALUE4HER networking and advocacy events. These...

AGRA , Sabdiyo Dido

KenGen clinches Ksh.709M deal to drill geothermal wells in Djibouti

By Citizen Reporter,

Kenya Electricity Generating Company (KenGen) PLC has won yet another international contract to drill three geothermal wells in Djibouti. The company...

kengen

Kenyan women dominate top manufacturing jobs

By VOA,

A survey shows that Kenyan women are dominating top mechanized jobs, although men still own most businesses and have better paying jobs. Easter Koj...

Kenya Association of Manufacturers , Wakiaga

Kenya to host first Africa Digital Finance Summit

By Benjamin Muriuki,

Kenya is set to host the first Africa Digital Finance Summit (ADFS) from February 18-19, 2021 bringing together experts in the digital and finance spe...

Africa Digital Finance Summit , Glass House

S.African wine and spirits maker Distell branches out into cannabis products

By Reuters,

South African wine, cider and spirits company Distell will soon be able to offer cannabidiol-infused drinks after taking a 20% stake in cannabis welln...

cannabis , Distell

EABC urges East Africa partner states to market region as single investment destination

By Citizen Reporter,

The East African Business Council (EABC) is urging East Africa Partner States to harmonise investment incentives and market East Africa as a single in...

EABC , EAC , nesbitt

KCB plans to acquire Rwandan and Tanzanian banks

By Reuters,

Kenya’s top lender by assets, KCB Group, plans to acquire 62.06% in Banque Populaire du Rwanda and 100% in African Banking Corporation Tanzania Limi...

African Banking Corporation Tanzania , Banque Populaire du Rwanda , KCB

KenGen renews MD Rebecca Miano’s contract for three years

By Citizen Reporter,

KenGen has renewed Rebecca Miano's contract for her position as Managing Director and CEO for another three years. A statement from the power gener...

kengen , miano

Kenya Private Sector Consortium supports Kenya-U.S. free trade talks 

By Citizen Reporter,

The Kenya Private Sector Consortium has voiced its support for the on-going Kenya - U.S. Free Trade negotiations. Composed of the American Chamber ...

Kenya Private Sector Consortium , nesbitt

How businesses in East Africa can emerge stronger from COVID-19 pandemic – Report

By Citizen Reporter,

Governments in the East African region are being advised to come up with additional measures including incentives to enable businesses capitalize on o...

Boston Consulting Group

Jumia cuts costs, hopes for lockdown boost

By Reuters,

Jumia Technologies reported an almost 7 percent fall in first quarter revenue due to supply chain disruptions, particularly in China. the strugglin...

e-commerce , JUmia

Safaricom forecasts 7% coronavirus hit to M-Pesa revenue

By Reuters,

Safaricom expects a 5.5 billion shilling ($51.64 million) hit to its revenue from M-Pesa in the three months from mid-march after it adjusted prices b...

M-pesa , mpesa , Safaricom

Uhuru unveils first locally assembled Mahindra vehicles

By PSCU,

President Uhuru Kenyatta on Monday unveiled the first locally assembled Mahindra vehicles at State House, Nairobi. The Mahindra Scorpio Single and ...

mahindra , Simba Corporation Limited

Routes and AFRAA sign agreement to drive growth for Africa aviation market

By Citizen Reporter,

The African Airlines Association (AFRAA) and Routes have signed their first formal agreement in history. The Memorandum of Understanding (MoU) sees...

Bank stocks set to drive NSE Bull Run

By Kepha Muiruri,

The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI

Local firms chasing Kenya’s ultra-rich diaspora community

By Kepha Muiruri,

Local firms have doubled down on their efforts to attract Kenya’s ultra-rich diaspora community as they increasingly view the segment as a source of...

CBK , Kenya Diaspora Allliance (KDA) , remittances

KCB Group half year profit rises 5pc to Ksh.12.7 billion

By Kepha Muiruri,

KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...

Joshua Oigara , KCB Group , mergers & acquisitions