South African Airways (SAA) has resumed its operations in Kenya after shutting down for the last two years. The South-African national carrier has opened a new booking office in Yaya …
AviationBusinessEastern AfricaUncategorized
Category:
Eastern Africa
- BusinessEastern AfricaINVESTMENTSafaricom
Safaricom value dips under Sh1trn on foreign investors after US rate hikes
The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …
- AfricaAFRICA NEWSBusinessEastern AfricaNewsSouth AfricaSouthern AfricaWestern Africa
Massmart in talks to close Game stores in East, and West Africa
South African retailer Massmart said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. Massmart Chief Executive Officer …
- AgricultureBusinessEastern AfricaEconomy
Government Lifts Ban on cultivation and importation of white GMO Maize in Kenya
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 …
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 …
- 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 …
- 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 …
- 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 …
- 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 …
- 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 …