The Central Bank of Kenya(CBK) has said that its forex reserves remain adequate to smooth out any volatilities despite breaching the aggregate amount of not less than the value of …
EAST AFRICA
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Banking, Finance & InvestmentBusinessEastern AfricaEconomy
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BusinessEastern AfricaEconomyFood ProductionMarkets
Bolt Food Reported Chicken as the Tops Online Food Orders In Nairobi
Chicken is the most ordered online food in Nairobi, according to Bolt Food Kenya. Bolt Food Kenya Country Manager Edgar Kitur said chickens are followed by pizza, burgers and alcohol. …
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Banking, Finance & InvestmentBusinessEconomyKenya News
I&M Bank Grows Sh7.1billion net profit in the third quarter of 2022
I&M Bank has posted a Sh7.1billion net profit in the third quarter of 2022, a 24.1 per cent growth from Sh5.7billion posted in the same period in 2021. During the …
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AgricultureBusinessEastern AfricaINVESTMENTManufacturing
Government partner with FFI to Establish a Green Fertilizer Plant in the country
The government has entered a partnership with Fortescue Future Industries (FFI) to establish a green fertilizer plant in the country in a bid to reduce reliance on imports. Under the …
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AgricultureBusinessEastern AfricaEconomySouth Africa
Tanzania Exports it’s First Consignment of Processed Cashew Nuts to the US
Tanzania has exported its first consignment of processed cashew nuts to the United States, as the country seeks to move away from exporting raw nuts to value-added ones. The eight-tonne …
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The Electricity Sector Association of Kenya (ESAK) is banking on new measures to ensure the country achieves a 100 per cent renewable energy transition by 2030. This comes ahead of …
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Kenya Breweries Limited (KBL) is seeking to enroll over 5,000 new farmers to grow sorghum for the production of its Senator Keg Lager. The brewer seeks to increase the number …
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BusinessEastern AfricaEconomyTransportation & LogisiticsUBER
Uber and Bolt Drivers Stage Demons In Push For 18 per cent Fare Commission Cap
Uber and Bolt drivers have staged demonstrations after the Government failed to implement a commission cap of 18 per cent on fares. Digital drivers accuse the National Transport and Safety …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomy
Portland Cement Company settles KCB’s Sh6.8 billion loan via land transfers
East Africa Portland Cement Company (EAPCC) says it has completed the settlement of KCB’s Sh6.8 billion loan via land transfers to the lender, cutting its finance costs by Sh735 million …
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BusinessEastern AfricaEconomyTechnologyUncategorized
Election jitters apply brakes on new vehicle sales
Sales of new motor vehicles dropped marginally in the nine months ended September, with the slowdown linked to the economic uncertainty in the context of the recent General Election. Formal …