Thursday, August 25, 2016


President Kenyatta Assents to Bill Slamming Ceiling on Interest Rates

President Uhuru Kenyatta has assented to the Banking (Amendment) Bill 2015 passed by parliament in July 2016 after what he terms wide consultations. The Bill by Kiambu town Member of Parliament Jude Njomo seeks to...

FUSO Picks Kenya for Launch of Latest Truck Model

One of Asia’s leading commercial vehicle manufacturers, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has launched the highest-powered heavy-duty truck model in Kenya, its very first market in the world. The TV3340S Tractor with technical...

Jambojet Launches Pre-Departure Notification Service

Kenya’s low cost carrier Jambojet has teamed up with 15 below to launch a new service to enhance passenger experience and streamline business operations. 15below is a privately-owned software development company based in the United...
She Leads Africa

Facebook Supports She Leads Africa to Advance Female Entrepreneurship

An initiative to encourage women across the continent to start their own businesses and help drive prosperity for their countries has received the support of Facebook. Facebook is supporting and sponsoring She Leads Africa (,...

BoI, NGO Partner to Improve Efficient Service Delivery in Nigeria

A Non-Governmental Organisation (NGO), Customer Service Awards Limited, is being backed by the Bank of Industry (BOI) to ramp up the efficiency of Nigerian companies in service delivery. According to a statement signed by Mr...

Nigeria: TCN requires $7.5billion to Produce 11,500 MW by 2019

The Transmission Company of Nigeria (TCN) says it requires about $7.5billion to finance its on-going five year expansion programme, designed at expanding electricity transmission capacity to 11,500 Mega Watts (MW) by 2019. The Managing Director...

SAS to Build Data Management Capacity for African Businesses

Business executives and professionals in Tanzania will in Dar es Salaam on Thursday, 25th August, 2016 convene to improve their understanding of data and how to take optimum advantage of information at their disposal to make great...
Salt Refinery

Ethio-Turkish Investors Establish $13.5m Salt Factory

Ethiopian and Turkish investors have partnered to build a 300 million Ethiopian Birr  ($13.5million) salt manufacturing industry in Semera, Afar regional state, Ethiopia. Currently, the manufacturing company has the capacity to create more than 300...

Ghana Earns $3.1billion from Mining and Quarrying

Last year, the mining and quarrying sector contributed over $3.1billion in revenue to the country’s economy. About $465,000 was reimbursed to Ghana through the Bank of Ghana as mandatory surrender. Mineral revenue repaid to the...