The government has lifted the ban on Genetically Modified Crops following a Cabinet meeting chaired by President William Ruto. Consequently, the Cabinet approved the cultivation and importation of White GMO …
Eastern Africa
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AgricultureBusinessEastern AfricaEconomy
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Nairobi Business Ventures (NBV) is set to become the first company at the Nairobi bourse to graduate from the Growth and Enterprise market Segment (GEMS) to the main investment segment …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomyUncategorized
Ruto seeks deal with Safaricom to disburse cheaper loans to small traders
President William Ruto is seeking a deal with fintechs such as Safaricom to disburse cheaper loans to small traders at single-digit interest rates. The planned partnership will see the State …
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Banking, Finance & InvestmentEconomyEthiopiaInsurance
Central bank of Ethiopia raises minimum paid-up capital for insurance company
The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised ‘Minimum Paid-up Capital for Insurance Company’, which is effective as of September …
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BusinessEastern AfricaEconomyMarkets
KEBS Reassures Kenyans that Edible Oils And Fats In The Market Are Safe for consumption
The Kenya Bureau of Standards (KEBS) has assured Kenyans that the edible oils and fats in the market are safe for use except for specific batches it had listed on …
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BusinessEastern AfricaEconomy
Nairobi County Exempts freelance Photographers and Filmmakers From Paying Business Permit Fees
The Nairobi County Government has exempted freelance photographers and filmmakers from paying business permit fees. According to Finance and Economic Planning County Executive Lawrence Wambua, all photographers and filmmakers have …
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Banking, Finance & InvestmentEastern AfricaEconomy
CBK under pressure from Wealthy investors and financiers to increase the cost of government borrowing rates
Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost of government borrowing as global hikes in …
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AfricaAFRICA NEWSBusinessEastern AfricaNewsOil & Gas
EU/Ugandan Government saga continues as the EU summons TotalEnergies for questioning
The European Union (EU) parliament has emphatically voiced its concerns about the pipeline project the Ugandan and Tanzanian governments are devising. The pipeline which is designed to run through Lake …
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Tea prices at the weekly Mombasa auction rose slightly this week amid an increase in the volumes traded. At this week’s auction, a kilo averaged USD2.25(Sh271.35) up from USD2.24(Sh270.14) last …
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Eastern AfricaEconomyEducation
Haco Partners With University of Nairobi To Offer Industrial attachment opportunities to their student
Haco Industries has signed a Memorandum of Understanding with the University of Nairobi (UoN) Department of Chemistry that will see students from the varsity get industry training. The university will …