NCBA Bank will offer up to 100pc financing for customers purchasing vehicles from CFAO Motors for private and commercial use. The asset financing deal by the two firms will see customers access the loan to buy new and pre-owned vehicles. NCBA Group Director, Asset Finance and Business Solutions Lennox Mugambi said the agreement reaffirms the […]
The maker of Lucky Strike and Pall Mall cigarettes says its smoking business in the US is dying out. British American Tobacco (BAT) wrote off £25bn ($31.5bn) in value due to the changed outlook for brands such as Newport and Camel. The move cut the brands’ worth by more than a third, and sent the […]
Deputy President Rigathi Gachagua has commended the Competition Authority of Kenya (CAK) for its work in the protection of consumers in the country. However, the Deputy President told the government agency that it needed to do more particularly in raising public awareness to ensure the consumer is protected from unsafe practises. The DP singled out […]
There is no evidence some investors profited from knowledge of Hamas’s attack on Israel before it took place on 7 October, the Israel Securities Authority (ISA) has said. One academic study had suggested investors betting against the Israeli economy made large sums. It said it found significant short-selling in the run-up to the attacks. But […]
The Ministry of Agriculture and Livestock Development has come up with a raft of measures in reducing the use of agrochemicals in protecting food systems. Speaking during the launch of the Kenya Food Systems and Land Use Action Plan 2024-2030, Principal Secretary for Crop Development and Research Paul Ronoh said there is need to maximize […]
The government has extended Ksh 175.9 million to the first group of small and medium enterprises under the Kenya Industrialisation and Enterprise Project (KIEP) 250+. Each of the 23 SMEs from Cohort 1 of the project is expected to receive at least Ksh 7.7 million to help them enhance innovation, technology adoption, productivity, and international competitiveness. […]
The Ministry of Investments, Trade and Industry has hiked farmgate prices of cotton by 25pc with immediate effect. Farmers in cotton-growing areas will now be paid Ksh 65 for a kilogram of cotton from the current Ksh 52 per kilogram by ginneries in the country. According to Industry Principal Secretary Dr Juma Mukhwana, the new […]
A decade-long wait for the sixth main game in the Grand Theft Auto series has ended as Rockstar released a trailer. Set in Miami-inspired Vice City, it features a story of love and crime between its first female protagonist, Lucia, and an unnamed male lead. The developer released the trailer 15 hours earlier than expected, […]
Kenya among the 118 countries that have signed a landmark deal to scale up the generation and use of nuclear energy in the next eight years. The deal requires countries to triple investment in nuclear from the current two trillion dollars to 7 trillion dollars by 2030. Kenya is among the first countries to sign […]
CP Cables has inked a Ksh 760 million distribution deal with Chinese fiber products manufacturer, FiberHome that is expected to increase availability of networking solutions in the region. Through the two-year deal, FiberHome will leverage CP Cables large infrastructure footprint in the region and as a master distributor of its fiber products in a bid […]
The Geothermal Development Company (GDC) is looking to diversify its revenue streams through the sale of steam to industries that rely on power to fuel their heating processes. GDC Managing Director Paul Ngugi has affirmed that by funneling steam from its fields on the Menengai Crater floor, the state agency can cut client production costs […]
Siaya County government has announced new measures aimed at promoting sustainable fishing in the region. In a bid to unlock the Ksh 4 billion fish market the county government will prioritize training fishermen with modern skills, advocate for safe fishing practices, and promoting value addition to increase fishers’ income and improve their livelihoods. “Fish farming […]
