FeaturedTelecomSafaricom introduces zero transaction fees on M-PesaInternational Finance Business DeskMarch 17, 2020 by International Finance Business DeskMarch 17, 2020 Kenya's banks and mobile money providers are pushing cashless payments to curb Covid-19... Read more
FeaturedInsuranceKenya Re to set up re-takaful unit in Egypt in 2021Pritam BordoloiMarch 13, 2020 by Pritam BordoloiMarch 13, 2020 The insurer increased its cash reserves through issuance of 2.099 billion of new shares... Read more
BankingFeaturedKenya’s Co-op Bank to acquire Jamii Bora as part of consolidation plansBharath KumarMarch 12, 2020March 18, 2020 by Bharath KumarMarch 12, 2020March 18, 2020 The acquisition will strengthen Co-op Bank asset base to over Sh 462 billion... Read more
EnergyFeaturedSafaricom to diversify into energy, to supply power to the national gridPritam BordoloiMarch 9, 2020 by Pritam BordoloiMarch 9, 2020 The telco could supply power to the national grid from solar and wind power plants at its base stations... Read more
FeaturedLogisticsLocalisation of Kenya’s SGR operations reach 80%Bharath KumarMarch 3, 2020March 18, 2020 by Bharath KumarMarch 3, 2020March 18, 2020 The SGR line was launched in 2014 to connect Kenya, Uganda, Rwanda and South Sudan... Read more
AviationFeaturedKenya Airways names its subsidiary Jumbojet’s head as new CEOPritam BordoloiFebruary 28, 2020February 28, 2020 by Pritam BordoloiFebruary 28, 2020February 28, 2020 Allan Kilavuka was serving as the acting chief executive since the post became vacant... Read more
FeaturedLogisticsNairobi’s Inland Container Depot sees 62.4% cargo growthBharath KumarFebruary 24, 2020March 18, 2020 by Bharath KumarFebruary 24, 2020March 18, 2020 The growth is attributed to Kenya’s improved Standard Gauge Railway and port services... Read more
FeaturedTelecomSafaricom might award contract to Huawei for its 5G rollout this yearBharath KumarFebruary 21, 2020March 18, 2020 by Bharath KumarFebruary 21, 2020March 18, 2020 Safaricom involving Huawei in its 5G network could hinder talks on a free trade agreement between the US and Kenya... Read more
FeaturedLogisticsToyota-backed Kenyan logistics startup Sendy raises $20mn in Series B funding roundBharath KumarJanuary 30, 2020March 18, 2020 by Bharath KumarJanuary 30, 2020March 18, 2020 Sendy currently has around 50,000 customers and offers its services to over 4,000 businesses across key cities of Kenya... Read more
Event NewsFeatured4th Annual Power Tech Africa to boost Africa’s renewable energy marketBharath KumarJanuary 23, 2020March 18, 2020 by Bharath KumarJanuary 23, 2020March 18, 2020 Kenya aims to produce 19,200 MW of electricity exceeding the demand of 15,000 MW by 2030... Read more