East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
Kenya Airways has launched the country’s first-ever drone cage to be used for training Unmanned Aerial Vehicle pilots. Through its subsidiary, Fahari Aviation, the airline will use the facility for …
The number of Kenyans in need of food aid has now hit 4.1 million as the country feels the effects of below-average long rains in the March-April-May season. The growing …
StanChart ( Standard Chartered Kenya) plans to increase lending to climate-friendly investments amid the transition to low carbon practices. The lender has said it will offer cheaper credit to customers to adopt …
Billionaire businessman Joe Wanjui has filed a lawsuit seeking to block British multinational Unilever from selling its 52 percent stake in Limuru Tea to a private equity fund as part …
Central Bank of Kenya(CBK) collected KSh 14billion at this week’s treasury bills auction and received bids worth KSh 14.7billion out of the KSh 24billion on offer, an under subscription rate of 61.26%. …
Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc. The acquisition amounts to 83.4% equity ownership stake …
The National Assembly has agreed to raise Kenya’s debt ceiling to Ksh 10 trillion from the current Ksh 9 trillion in what is aimed at giving the National Treasury allowance to borrow …
Access Bank has brokered a deal with the investment firm Centum Investment Plc to procure the 83.4 per cent interest the latter holds in Nairobi based lender Sidian Bank making …
Kenya’s business confidence continues to decline two months before the General Elections scheduled for August 8, the Stanbic Bank Purchasing Managers’ Index (PMI) has revealed, noting that the issue has …
The Central Bank of Kenya Governor Dr. Patrick Njoroge has said there is sufficient foreign currency to meet demand, brushing off manufacturers who warned a shortage of dollars affects their …
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