GAIN Kenya Country Director Ruth Okowa. The Small and Medium Enterprises (SMEs) in the nutritious food supply chain are set to access Ksh 5.2 billion in affordable credit under a five year programme by Global Alliance for Improved Nutrition (GAIN) Kenya. According to GAIN Kenya Country Director Ruth Okowa, the Business Plan is expected to […]
Agriculture CS Mithika Linturi. Kenya could see a significant increase in agriculture funding with improvement of rural infrastructure and adoption of smart solutions that support the value chain. According to speakers at the Financing Agriculture Sustainability 2024 conference, poor state of rural infrastructure such as lack of proper access roads and electricity which have contributed […]
Chinese smartphone maker Xiaomi is set to launch its first electric vehicle (EV) and begin taking orders on Thursday. Its chief executive Lei Jun said this week that the Speed Ultra 7 (SU7) would be priced below 500,000 yuan ($69,186; £54,836). The move will see the technology giant taking on rivals like Tesla and BYD. […]
Shares in Donald Trump’s media company soared as the firm made its formal debut on the stock market. Shares surged past $70 in early trade, giving the firm a market value of more than $9bn. They ended the day at about $58, still up more than 16%. The long-awaited moment will inject more than $200m […]
Equity Group CEO Dr James Mwangi Equity Group says its 2023 full year net profit decreased by 5pc to Ksh 43.7 billion on account of higher loan loss provision. The drop from Ksh 46.1 billion in 2022 reported was as a result of interest expense growing 53pc. The lender expanded its loan book by 26pc […]
National Treasury Cabinet Secretary Prof. Njuguna Ndung’u is calling on state agencies to properly coordinate their assets to help maximize returns and minimize losses to unlock the full potential of state investments. Despite the government’s investment of Ksh 5.7 trillion in state enterprises, the return on investment stands at a mere 0.13pc. The government is […]
Kenya’s tourism sector has gotten a boost after a cruise vessel with 1,100 tourists and 500 crew docked at the Mombasa port ahead of Easter Holiday. The giant cruise ship christened Ms Ambience made its maiden voyage to Mombasa port in Wednesday signifying an economic boost ahead of the Christian holiday. MS Ambience operated by […]
Japan’s CFAO Group has injected Ksh 400 million ($3m) equity into BasiGo to help the Kenyan-based e-mobility firm accelerate production and delivery of its buses in Kenya and Rwanda. BasiGo Co-Founder and Chief Executive Officer Jit Bhattacharya says the funding is expected to help the firm deliver 1,000 locally assembled electric buses within the next […]
Drone Space CEO Tony Mwangi (left) demonstrates the workings of a drone to Charles Murito of Google (centre), and Safaricom’s Lead Data Scientist Hillary Wangila on the sidelines of the AI, Drones and Data Analytics Conference and Expo that kicked off today at the Sarit Expo Centre. The highly anticipated two-day AI, Drones, and Data […]
Was this a pragmatic dialogue? This is the question that lingers in conversations with most scholars, pundits and critics in the energy sector as the 10th Berlin Energy Transition Dialogue (BETD) comes to a close. During the ongoing dialogue, a look into the International Renewable Energy Agency (IRENA)… “The Volume 2 of the World Energy Transitions […]
The government has called upon the private sector to come up with innovative ways that will support the development of carbon markets to achieve the desired carbon finance. Speaking during the Kenya Carbon Markets Conference 2024 hosted in Nairobi, Prime Cabinet Secretary Musalia Mudavadi said Kenya is making strides in fostering and enabling environment for […]
Mr, Akashdeep Singh, Chief Strategy Officer, Tech First Group Tech First Gulf and Pure Storage have signed a partnership, which will bring solutions to businesses in data storage. The partnership will aid in digital transformation efforts on the continent. The two companies settled for Nairobi because it is a vibrant hub of economic activity and […]
