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Business

2nd Edition The Kenya Avocado Excellence Awards (KAEA)

The Kenya Avocado Excellence Awards (KAEA) now in its 2nd edition is an initiative of the AVOCADO SOCIETY OF KENYA. KAEA is now a national ritual in recognition of individuals and organizations. Super achievers are feted during a Networking Gala Dinner to incentivize and encourage competiveness and growth within the avocado industry.The KAEA 2021 Gala …

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Kenya is Third Largest Recipient of Diaspora Remittances in Africa.

Diaspora remittances to Kenya surged by 19 per cent growth with over Sh300 billion received on the back of global economic recovery. World Bank data shows that Kenya was the third largest recipient of remittances in Africa during the review period, falling behind Ghana and Nigeria. The sector was a key source of support during …

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More than 200 Traders to Tour DRC in Regional Trade Enhancement.

Equity Bank Group aims at enhancing trade relations between the Government of Kenya and the DRC Government by conducting a 14-day Business Trade Mission in DRC. The Trade mission targets more than 200 investors and business participants from Kenya which will be held in major cities including Kinshasa Lubumbashi, Goma and Mbuji Mayi. During the …

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Emirates Revenue Grows to Ksh6.7 Trillion

The Emirates Group has announced its half-year results for its 2021-22 financial year. Group revenue was AED 24.7 billion (US$ 6.7 billion) for the first six months of 2021-22, up 81% from AED 13.7 billion (US$ 3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide …

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More than 1 Million Youth to Benefit from KEPSA and Absa New Partnership

The Kenya Private Sector Alliance (KEPSA) has announced a partnership with Absa Bank Kenya to empower one million young Kenyans with digital job opportunities through their respective youth programs, Ajira Digital and Ready-to-Work. The bank will provide work-readiness skills training through its existing Ready-to-Work program, while leveraging KEPSA’s network to build linkages and alliances that …

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Kenya Set for Electric Buses

Kenya is now set to have its first electric public buses after, BasiGo, an Electric vehicle startup, announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel buses.  The EV startup is set to provide electric buses for purchase by public transport providers, with their operations initially aimed …

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Telkom Set Expand After Receiving Kshs. 11 Billion

Telkom has announced an investment of Ksh11.1 billion towards the expansion of its 4G network in Kenya. The new financing is expected to facilitate the setup of 2000 additional sites by 2023 trippling its 4G sites from the current 590. The company has partnered networks and telecommunications company Ericsson and systems integrator NEX XON who …

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