Kakuzi, a Kenyan based agricultural firm owned by UK-based multinational, Camellia Plc has incurred legal costs of Ksh675 million (£4.8 million) in battling human right abuse claims. Kakuzi together with another of its affiliate are ….
A total of 326 new businesses were registered daily between July and September this year following President Uhuru Kenyatta’s move to reopen the economy partially. This is according to data from the companies’ registry. In ….
Emirates Skycargo will have an additional 10 weekly flights to Jomo Kenyatta International Airport (JKIA). This follows increased demand for Kenya’s horticultural products in the Middle East, Asia and European markets. Emirates Boeing 777 – ….
Days after UK’s leading grocery retailer Tesco suspended avocado supplies by Kenya’s agricultural-based firm Kakuzi PLC amid human rights abuse claims, two more giant grocery retailers in Europe have suspended supplies by Kakuzi. UK’s Sainsbury’s and Germany’s ….
In a single day, Safaricom’s overdraft facility, Fuliza processed close to a half a million loan applications. For every second, Safaricom processes six Fuliza transactions bringing the total number of processed transactions in a day ….
Kenya’s Credit Reference Bureaus (CRBs) have dropped 337 digital mobile lenders and micro financiers from submitting details of loan defaulters in their platforms. This, the Central Bank of Kenya says is because the digital lenders are unregulated. ….
In the six months leading to June 31 2020, Kenyans borrowed close to a one billion shillings – Ksh967 million daily – from Safaricom’s Fuliza facility. The increased appetite for loans was precipitated by the ….
In the week leading to September 25, the Kenyan government printed a total of Ksh15 billion to ease pressure on the National Treasury in financing an enormous budget. According to data by the Central Bank of ….
A recent UN report has ranked Kenya at position 24 in African countries which have a high record of illicit financial flow (IFF). Interestingly, the situation in Kenya is worse than in Nigeria which was ….
The Madaraka Express on the Standard Gauge Railway (SGR) will from Thursday, October 1 have an additional afternoon express train ply the Nairobi – Mombasa route as demand passenger travel demand increases. In a statement ….
Kenya has decided to negotiate for a trade partnership with the UK government, a departure from its earlier plan to negotiate for a trade agreement with Uganda and Tanzania. Kenya cited that it came to ….