News

Data gradually turning into oil fuelling success of businesses

Data gradually turning into oil fuelling success of businesses

Data is becoming an integral driver of the economy and our overall daily lives. In tech circles, it is regarded as the ‘modern oil’ that when well processed, fuels corporates grow…...

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Farming key to upper middle income status

Farming key to upper middle income status

The outputs of Kenya’s agricultural sector, if targeted as a raw material for use by industry, could easily transform the country into an upper-middle-income economy in one generat…...

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How SMS has turned into a powerful business tool

How SMS has turned into a powerful business tool

When Ruth Gachomo was in Kahuhia Girls’ High School, Murang’a Count, 15 years ago, she noticed the challenges parents encountered when receiving report forms. “Mostly it was thro…...

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New app helping track construction projects, cut costs

New app helping track construction projects, cut costs

Managing construction sites can be demanding as the projects get bigger and more remote. This can lead to contractors struggling to meet deadlines, often compromising on quality and…...

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Absa Kenya launches credit line for SMEs

Absa Kenya launches credit line for SMEs

Absa Bank Kenya has launched a new credit line to boost Small Scale Enterprises (SME’s) to address concerns of increasing defaults on loans as a result of government failing to pay…...

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KenGen half-year profit nearly doubles to Sh8 billion

KenGen half-year profit nearly doubles to Sh8 billion

Kenya Electricity Generating Company (KenGen) first half net profit to December 2019 surged 98 percent to Sh8.17 billion boosted by tax savings and drilling works in Ethiopia. The …...

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Kenya tea sales to Ireland rise on direct purchases

Kenya tea sales to Ireland rise on direct purchases

Kenya’s tea exports to Ireland continue to rise with volumes growing more than three fold in the first month of the year as a result of direct purchases of the commodity after Brex…...

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Forex deposits drop after demonetisation

Forex deposits drop after demonetisation

Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK da…...

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Solar firm seeks Sh2bn for expansion

Solar firm seeks Sh2bn for expansion

Pay-as-you-go solar energy company Azuri Technologies is seeking to raise Sh2 billion from private equity firm Sunfunder for expansion in Kenya. SunFunder, which has offices in Keny…...

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Safaricom seeks partners for billion-dollar Ethiopia entry

Safaricom seeks partners for billion-dollar Ethiopia entry

Safaricom has opened talks with undisclosed investors to form a consortium that will this year bid for one of two Ethiopian telecoms licences due to the high entry costs that are l…...

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