State abattoir KMC forms debt collection task force

Struggling Kenyan State abattoir KMC forms debt collection task force

Cash-strapped Kenya Meat Commission (KMC) has formed a task force to spearhead collection of debts as it moves to settle liabilities. The State-owned meat processor owes livestock farmers Sh254.4 million for supplies and has outstanding payroll deductions totalling Sh144.7 million. Managing commissioner James Ole Seriani told Parliament that upon recovery of the money, the company […]

Uber launches a new lower-priced service called Chap Chap in Nairobi

Uber launches a new lower-priced service called Chap Chap in Nairobi

Uber has launched a new, lower-cost service in Nairobi called Uber Chap Chap . Made possible by using a fleet of fuel-efficient budget sedans, Uber Chap Chap (Swahili slang for “hurry, hurry”) is currently available in several areas of the Kenyan capital, including its central business district. Uber, which began testing the service at the […]

Kenya tourism earnings rise to Sh120 billion with more arrivals

Kenyan Tourism: 20% rise in 2017 driven by more arrivals and increased domestic tourism

Tourism Cabinet Secretary Najib Balala (2nd right) during a press conference in his office on February 8, 2018. He said Kenya’s tourism sector has improved after the country recorded a 20.3 percent growth last year to post earnings of Sh120 billion despite the long electioneering period. Strategies to revive Kenya’s tourism sector bore fruit after […]

Proctor East Africa targets bigger breakfast stake with Sh2 billion factory

Proctor East Africa targets Kenyan cereals market with $20m factory

Food processing firm Proctor & Allan East Africa Photo:Courtesy Food processing firm Proctor & Allan East Africa is angling for a bigger pie of the ready-to-eat cereals market with the completion of a Sh2 billion factory. The plant, which is based in Limuru town, produces breakfast cereals, oats and pre-cooked fortified flour as the company […]

Europe Investment Bank signs $100m+ facility with Equity and HF for lending to regional SMEs

Equity Bank of Kenya Limited Chief Executive Officer James Mwangi (R) and European Investment Bank Vice-President Pim Van Ballekom (L) in Nairobi on 29/03/2017. Equity Bank has signed Kshs 10.5 Billion financing agreement with European Investment Bank to support regional entrepreneurs. European Investment Bank, the long-term lending institution of the European Union, has extended about […]