Kenya is eying an increase in the number of tourists visiting from Nigeria.
Sundazer Refrigeration, a local firm, will benefit from the $13 million fund international governments and organizations will make available for innovative projects aimed at integrating clean energy technology into agriculture.
Kenya's economy will grow by 5.9 percent this fiscal year before accelerating to 6.3 percent in 2014/15, helped by improved tax collection and credit growth, the International Monetary Fund said.
Standard Chartered Bank has appointed new managers for two regions of its fast-growing African business, which is due to expand significantly in the next two years.
Kenya shilling moved sideways on Wednesday, and traders said all eyes were on the central bank for signs it would continue taking liquidity out of the market.
11 December 2013, 16:24
The country is in the process of ratifying the East African Community (EAC) Monetary Union’s move towards a single currency in the region by 2024.
11 December 2013, 12:21
Www.Bid Investment Company said it will offer to buy sisal producer Rea Vipingo for 3.3 billion shillings, topping two rival bids including one from Rea Vipingo's main shareholder, Rea Trading.
11 December 2013, 09:42
The Kenya Revenue Authority KRA and Coca Cola company are embroiled in a KES 500M tax battle.
11 December 2013, 08:52
Kenya's dream of becoming a regional hub for green technologies and innovations has gone over drive as the nation seeks home grown solution to climate risks.
10 December 2013, 15:03
Kenya, east Africa's biggest economy, will grow slower than expected in 2013 and 2014, the World Bank said, leaving it lagging behind other economies in the region.
10 December 2013, 13:44
British oil exploration firm Tullow said that it's making progress in its drilling operations with strong community support in the South Lokichar basin in northern Kenya.
10 December 2013, 10:19
Banknotes bearing images of Nelson Mandela are being auctioned on eBay at huge premiums, as demand grows for memorabilia of the beloved icon.
10 December 2013, 07:40
The government expects to sign an agreement with China's Fenxi Mining Group before the end of December to develop coal mining projects on two blocks in the country, a senior government official said.
09 December 2013, 15:48
Bharti Airtel has been recognized as the continent’s Telecommunications operators of the year in the just-ended CommsMEA Awards.
09 December 2013, 13:03
Central Bank of Kenya said its official usable foreign exchange reserves edged higher to $5.903 billion in the week to Friday, equivalent to 4.17 months of import cover.
09 December 2013, 08:24
Tanzania is considering operating its bank payments system on Saturdays, allowing customers to transfer money around.
06 December 2013, 16:17
A Kenyan up-and-coming firm and two South African mining firms emerged the biggest winners at the just-concluded SAP Africa's 2013 Quality Awards.
06 December 2013, 14:52
The Kenyan shilling weakened marginally due to demand for dollars from the energy sector, traders said.
06 December 2013, 09:22
Family Bank launched a robust mobile virtual banking service dubbed PesaMob, aimed at deepening access to financial services.
06 December 2013, 08:07
Head of the World Bank Jim Yong Kim says Nelson Mandela was "a man who brought a rainbow of possibilities to a country that was segregated into black and white".
05 December 2013, 13:13
Safaricom launched a new product dubbed 'Lipa na M-Pesa online' to enable its customers to make payments online using M-Pesa.
05 December 2013, 11:52
The Kenyan shilling weakened marginally but traders anticipated it would hold its ground, with pressure from importer dollar demand seen offset by expectations the central bank will mop up liquidity.
05 December 2013, 08:46
Safaricom has bought extra capacity on an undersea fibre-optic cable TEAMS, the company has announced.
04 December 2013, 15:43
The government is likely to borrow 20 billion-30 billion shillings more in the fiscal year to next June to meet extra funding demands, Finance Minister said.
04 December 2013, 13:16
An Australian firm has begun mining of concentrate processing and first production of ilmenite and rutile in Kwale.