27 September 22

Kenya To Start Exploiting AFCFTA For Better Trade

Kenya is set to export locally made batteries to Ghana thanks to Africa Continental Free Trade Area [AFCTA] framework. Kenya can now access markets in west and central Africa with minimal tariffs. Previously this could be extremely expensive as Ghana
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22 September 22

Local Tech Firms Lose Their Talent To Big Tech

Over the recent years, we have seen big American tech companies increase investment on the continent to take advantage of growing economies with rising access to the internet and a youthful population. Kenya and other African countries like Nigeria and
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09 September 22

Equity Bank Negotiating to Take Over Teachers – Owned Spire Bank.

Equity bank and spire bank have agreed on a complete takeover, this move is expected to save the teachers-owned bank out of negative growth. Equity bank becomes the latest bank to acquire a struggling lender as they search to expand
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03 August 22

Kengen To Diversify Into Fertilizer Production.

Kenya electricity generating company [KenGen], a state-owned company, has disclosed plans to set up a fertilizer production plant. It seems like the company has identified a gap in the market. Kenya is suffering from a dire shortage of fertilizer which
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30 July 22

Kenyan banks instructed to close accounts belonging to Flutterwave and Chipper Cash

The central bank of Kenya last week issued a directive to banking institutions in Kenya to shut down all accounts belonging to payment technology Flutterwave and Chipper Cash. This directive will also include freezing the cash from these payment technologies.
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27 July 22

Kenyan Authorities Say There Is ‘High Risk’ Jackpot Winnings Are Tied to Money Laundering.

There has been a realization by the financial authorities in Kenya the lucrative jackpot prize money can be a potential for money laundering activities. A report launched by Fred Matiangi, the interior cabinet secretary, draws suspicion on the origins of
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23 July 22

Kenyan Inflation Shoots To A New Record High Of 8.3 Percent.

The Kenyan inflation has hit another record high after it supersedes last month’s record of 7.9 percent to now 8.3 percent. The current inflation rate is at a 61-month high despite central bank fiscal policy and state subsidies on key
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20 July 22

Kenyan Government Abandons Lamu Port Deal with DP World

In June this year news surfaced that the Kenyan government was in advanced talk with DP World, a Dubai-based company, to obtain the right to modernize and develop port infrastructure, management, and expansion of both logistics and transport. At the
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18 July 22

Kwale Titanium Mines Sales On The Rise.

Yesterday an Australian multinational mining company reported high sales numbers for the month of June. This high-profit margin record came despite less production output so far this year. The numbers in detail So far this year the mining company recorded
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15 July 22

Taxi Company Bolt Set to Open Africa Hub in Nairobi

Bolt an e-taxi company founded originally in Estonia has now announced it will be opening its regional hub in Nairobi Kenya. The new hub will be located on the riverside drive. This will be the first centralized African office and
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