The Capital Markets Authority (CMA) of Kenya is planning to conduct a comprehensive evaluation of the country’s carbon market, including its ecosystem and stakeholder mapping. The goal is to understand the demand, supply conditions, and growth trajectory of the market, which will then guide the development of a policy framework for overseeing a robust and […]
July 26 2023 Wilo Group, a renowned German manufacturer of pumps and pump systems, is reinvigorating its presence in Kenya by establishing an assembly plant in Nairobi. This strategic move is fueled by the company’s recognition of the burgeoning opportunities in the country’s high-rise construction projects and the government’s affordable housing initiatives. Over the past […]
July 14 2023 In a significant boost to the agricultural sector in Kenya, the United States government has committed $12 million towards reviving the pyrethrum sector. Pyrethrum is a valuable crop used in the production of natural insecticides and is known for its effectiveness in controlling pests. The investment aims to rejuvenate the pyrethrum industry, […]
July 24, 2023 KCB, one of Kenya’s leading financial institutions, has announced a groundbreaking partnership with the United Nations Institute for Training and Research (UNITAR) to launch an ambitious plan to sell 100,000 electric bikes in the country within the span of a year. This bold initiative is in line with KCB’s commitment to achieving […]
July 18, 2023 Starlink, the groundbreaking satellite internet service, has made its entry into the Kenyan market. This move follows its successful expansion into other African countries, including Nigeria, Mozambique, Rwanda, and Sierra Leone, as announced by CEO Elon Musk earlier this year. On July 18, 2023, Musk took to Twitter to announce the inclusion […]
July 27, 2023 Safaricom has recently launched an innovative zero-interest credit service, named Faraja, designed to facilitate the purchase of goods up to Sh100,000. The initial block by the financial regulator caused much anticipation, but the service is now set to shake up the mobile loans market dominated by products like Fuliza, a mobile overdraft […]
July 19, 2023 Safaricom Plc and TerraPay (Mobex Kenya) have formed a strategic partnership to empower over 32 million M-PESA customers with the ability to easily send and receive money to Bangladesh and Pakistan. With a combined population exceeding 200 million people, this collaboration opens up a wealth of financial opportunities for Safaricom users, providing […]
July 20, 2023 The Kenya Pension Funds Investment Consortium (KEPFIC) is actively reviewing a diverse range of infrastructure and alternative investment proposals, collectively valued at over Ksh. 700 billion. These proposals have been submitted by project sponsors and fund managers, who are seeking capital from local retirement benefits schemes. This move comes as pension schemes […]
July 25, 2023 Car&General (Trading) Limited has received approval from the Competition Authority of Kenya (CAK) to fully acquire Cummins C&G Holdings, meeting all the necessary regulatory requirements. Cummins C&G Holdings, based in Mauritius, is primarily involved in distributing power generators and diesel engines, maintaining power equipment, and selling filtration equipment and coolants. On the […]
July 20, 2023 BAT Kenya Ltd, the only listed cigarette maker in Kenya, reported a 3.5% decline in net profit for the half-year period ending on June 30, dropping from Ksh 2.9 billion to Ksh 2.8 billion. Additionally, their pretax profit decreased by 4%, falling from Ksh 4.2 billion to 4 billion, and net revenue […]
As Kenya’s Sh301 billion International Monetary Fund (IMF) programme nears expiration in April, the Kenya Kwanza government is actively exploring...
In a significant monetary policy shift, the Reserve Bank of India (RBI) has cut its key repo rate for the...
The Reserve Bank of Zimbabwe (RBZ) has opted to maintain its key interest rate at 35%, signaling a commitment to...
In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF...