How Kenya can unlock the huge SMEs’ potential
The recent small and medium enterprises expo hosted by National Media Group two weeks ago was an eye-opener. The forum highlighted not only the challenges that the SMEs face, but a…...
Read More Absa Kenya launches credit line for SMEs
Absa Bank Kenya has launched a new credit line to boost Small Scale Enterprises (SME’s) to address concerns of increasing defaults on loans as a result of government failing to pay…...
Read More KenGen half-year profit nearly doubles to Sh8 billion
Kenya Electricity Generating Company (KenGen) first half net profit to December 2019 surged 98 percent to Sh8.17 billion boosted by tax savings and drilling works in Ethiopia. The …...
Read More Kenya tea sales to Ireland rise on direct purchases
Kenya’s tea exports to Ireland continue to rise with volumes growing more than three fold in the first month of the year as a result of direct purchases of the commodity after Brex…...
Read More Forex deposits drop after demonetisation
Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK da…...
Read More Solar firm seeks Sh2bn for expansion
Pay-as-you-go solar energy company Azuri Technologies is seeking to raise Sh2 billion from private equity firm Sunfunder for expansion in Kenya. SunFunder, which has offices in Keny…...
Read More Safaricom seeks partners for billion-dollar Ethiopia entry
Safaricom has opened talks with undisclosed investors to form a consortium that will this year bid for one of two Ethiopian telecoms licences due to the high entry costs that are l…...
Read More StanChart eyes investors with mobile bonds app
Standard Chartered Bank (Kenya) has launched a mobile platform allowing investors to buy and sell bonds issued by the Kenyan government, marking increased automation of the Sh2.9 t…...
Read More Tanzania signs Ksh146 billion loan for SGR construction
Tanzania has signed a $1.46 billion (Ksh146 billion) loan agreement with Standard Chartered Bank Tanzania to fund the construction of 550 kilometres of Standard Gauge Railway (SGR) …...
Read More Is Kenya tapping its vast Big Data opportunities?
The term “Big Data” today attracts huge attention, mainly because of its power to help humans make informed decisions, turning it into an industry competition tool as new waves of…...
Read More