Milly Glass Works warns it could close Kenyan operations

Kenyan glass manufacturer threatens to close due to high production costs and cheap imports

A Mombasa-based glass manufacturer is warning that it could be forced to close Kenyan operations under the heavy weight of high production costs coupled with proliferation of cheap imports. Milly Glass Works director Mohamedraza Rashid says the EAC and COMESA agreements have opened doors for cheap products from member states forcing it to review its […]

East Africa’s creative industry gets Sh90mn credit fund

East Africa’s creative industry gets $900k credit fund to grow to $5m over 4 years

The financing is aimed at unlocking the potential of the creative and cultural economy in the region. According to the agreement, enterprises will be able to access working capital and asset financing, as well as strengthen their internal systems to enable them to produce at scale and make their business practices more efficient. This signing […]

How to shift Tanzania into a cashless economy

Mastercard driving shift of Tanzania into a cashless economy

Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy. Tanzanian’s will be enabled to transact more conveniently, quickly and securely at more payment acceptance locations. Already consumers, retailers and local […]

Did Treasury break the law by opening sugar floodgates?

Kenya: Agriculture Minister complains about sugar dumping allowed by the Treasury

Agriculture Cabinet Secretary Mwangi Kiunjuri on Monday accused Treasury of opening the floodgates allowing the dumping of 1.3 billion kilos of sugar into the market, effectively knocking millers out of business for a long time. Mr Kiunjuri said Treasury, in an unprecedented move, allowed everyone, without a licence, to import as much sugar as they […]

Safaricom’s digifarm opens four farmers’ depot in Meru County

Safaricom’s digifarm opens four farmers’ depot in Meru County

Safaricom in partnership with iProcure, FarmDrive and Arifu have opened four Digifarm depots in Meru County. Located in Laare, Nkubu, Mikindori and Meru Town, the four depots will offer quality, affordable inputs to farmers from Meru County. Since October 2017, more than 105,000 farmers from the county have signed up for the Digifarm service. “Digifarm […]