Twiga Foods, an agri-tech company, has made a significant announcement regarding the transfer of its rights to the Galana Kulalu Food Security Project. The company has entrusted the development, management, and operation of the project to Selu Limited, a specialized firm established for this purpose. Selu Limited is a collaborative effort involving several companies, including …
The Kenya Development Corporation (KDC) has identified various sectors, including the blue economy, where both local and international investors can allocate their funds to drive the growth of their enterprises. KDC is extending an invitation to investors, urging them to seize the opportunities presented in Kenya’s manufacturing, tourism, agriculture, healthcare, energy, post-harvest management, and ICT …
Ecobank Group, a leading financial institution across Africa, has launched the groundbreaking ‘Ecobank Single Market Trade Hub’ in its unwavering commitment to foster intra-African trade. Today, the Trade Hub is live, boasting a digital platform that has already attracted over 300 businesses from 22 countries. This innovative initiative facilitates connections among traders throughout Africa, capitalizing …
The High Court has issued a ruling for the liquidation of Tuskys Supermarket, also known as Tusker Mattresses, due to its overwhelming debt. Tuskys Supermarket, which was once the largest family-owned retail chain in East Africa, held a dominant position in the country. As of 2019, it operated a staggering 64 branches. However, the current …
The Central Bank of Kenya (CBK) has announced that the rollout of a Central Bank Digital Currency (CBDC) is not currently a top priority. The allure of the CBDC seems to be fading, according to the CBK’s Discussion Paper on Central Bank Digital Currency, and the bank will continue to closely observe the progress and …