Author: David Indeje

Kenya’s earnings from horticulture exports in 2018 rose to KSh153.68 billion representing a 33% increase compared to 2017’s Ksh 115 earnings according to data by the Kenya Flower Council (KFC), Fresh Produce Exporters Association of Kenya (FPEAK), and Fresh Produce Consortium of Kenya. According to the data, flower exports contributed KSh113.16 billion up from KSh82.24 billion earned in 2017, representing 37.8%growth while fruits and vegetables earned KSh12.83 billion and KSh27.68 billion in 2018, up from KSh9.0 billion and KSh24.06 billion earned in 2017, respectively. The cut-flower export still remains the largest earner, contributing 74% of the total fresh produce annual…

Bharti Airtel Ltd.’s  Kenya unit (Airtel Kenya) and Telkom Kenya Limited (Telkom Kenya) have agreed to merge combining their respective mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom. If approved this will create the second-largest telecommunications operator in East African after Safaricom Plc. The merged company will be chaired by Telkom Kenya Limited CEO, Mr. Mugo Kibati while Airtel Networks Kenya Chief Executive, Mr. Prasanta Sarma, will be appointed Chief Executive Officer. The finalisation and closure of the transaction is subject to approval by the relevant authorities. As per the agreement, both the partners will combine…

The Kenyan Bankers Association(KBA), the umbrella body of the banking industry on Thursday assured customers that they “Look forward to a positive outcome” in the ongoing investigations on bank transactions revolving on the National Youth Service (NYS). “While investigations of transactions undertaken by the NYS are in progress, as KBA, we are pleased by the magnitude of effort with which our member banks are treating this exercise, recognising the industry implications, and we look forward to a positive outcome,” said KBA in a statement. According to KBA, the banking industry is the most regulated and as such banks must comply with…

Kenya’s logistics developer Tilisi Mega City has completed the first phase of its  400-acre Logistics Park in Limuru with an initial 47-acre residential development sale. “We are delighted to announce the completion of infrastructure on the 85 acre Tilisi Logistics Park, which is now 65% sold with buyers commencing their warehouse building on the fully-serviced Tilisi plots within the next few months,” said Kavit Shah, joint CEO of Tilisi Developments Plc, the developer of the Tilisi mega-city. Over half of Tilisi Logistics Park has been bought by Africa Logistics Properties, which is developing its second logistics park in Nairobi, ALP…

Little Cab, a ride-hailing app will roll out it’s mass transport service on Tuesday. The taxi-hailing service Little powered by Safaricom, on Saturday Tweeted that it will unveil the Little Shuttle buses where its users  will be able to book seats playing various city routes. However, it said it will announce the routes soon. https://twitter.com/LittleRideKE/status/1091702452565536768?s=19 The shuttles  allow riders to book a seat and board the 33 seater minibuses at specific times of the day. In November 2018, after making its announcement, it has carried out pilots along the Waiyaki Way and Mombasa Road routes with the help of the…

The East African Community Heads of States have agreed to engage with the European Union on the Economic Partnership Agreement “In the next four months”. According to the 20th Ordinary Summit of Heads of State of the East African Community joint communique on Friday, the summit received President Yoweri Museveni, the former chair’s of the EU-EAC progress report on the EPA and decided on the engagement of the matter. “To get more clarification on the pertinent issues of concern. Thereafter, partner states who wish to, may or may not sign the EPA,” read part of the communique. Read: ‘Africa – Europe…