Author: Korir Issa

South African engineering and infrastructure advisory firm Zutari has opened its East African office in Nairobi to serve the entire region, following the receipt of a license from the Kenyan Government. This comes amid growing diplomatic relations between Kenya and South Africa, including a mutual visa-free agreement and engagements to address trade barriers. Zutari CEO Teddy Daka says, “East Africa has long been identified as a growth area for Zutari, with Kenya at the centre of our expansion initiatives into the region.” The firm has already been involved in projects such as Two Rivers Mall and the Kenya Water Security…

In 2022, Equity launched a ground-breaking solution to expedite PayPal withdrawals to help customers transfer funds easily from PayPal to their accounts.   The service reduced the time it takes to have PayPal settlements reflected in your bank account to only 1 working day. In this article, we’ll walk you through the details of Equity’s PayPal Withdrawal Service, which ensures seamless and efficient transactions. The Need for Speed Equity understands the demands of its customers for faster and more efficient transactions. With an increasing number of Kenyans engaging in online freelance work and relying on PayPal for international payments, speed is…

Fortescue Future Industries (FFI) and Strathmore University (Strathmore) have partnered to accelerate Africa’s leadership in the green energy transition. This collaboration was solidified by the signing of a Memorandum of Understanding at the Africa Energy Forum in Nairobi. The intention is to set Kenya up with the skills and education needed to become a world leader in green energy and green hydrogen production. FFI and Strathmore intend to work together to create programs to nurture talent, promote research and empower individuals and institutions to support the transition away from fossil fuels in Africa and actively contribute to the region’s sustainable…

The African Securities Exchange Association aims to achieve a market capitalization of $1.3 trillion through collaboration with the African Development Bank. In a statement, ASEA and the African Development Bank Group signed an agreement for a $600,000 grant to expand the number of linked African exchanges from 7 to 15 under the second phase of the African Exchanges Linkage Project. The funds will come from the Korea African Economic Cooperation Fund (KOAFEC) Trust Fund, managed by the African Development Bank. AELP’s second phase will provide investors access to over 2,000 securities listed on up to 15 capital markets through a…

Fuel prices in Kenya have been revised upwards by the Energy and Petroleum Regulatory Authority (Epra) amidst a skyrocketing cost of living. The revision in fuel prices is a result of the National Treasury doubling the Value Added Tax (VAT) on petroleum and petroleum-related products from 8 per cent to 16 per cent in the Finance Act 2023. Consequently, petrol increased by KSh13.49 per litre, diesel by KSh12.39 and kerosene by KSh11.96. In Nairobi, a litre of super petrol will retail at KSh195.53 while diesel will surge to KSh179.67. “Pursuant to the Finance Act, 2023, VAT on super petrol, diesel,…

Safaricom has partnered with Vesen Computing and Anga Cinema to draw more moviegoers through a dedicated M-Pesa Mini App. The Anga M-Pesa Mini App will offer movie schedules alongside booking and ticketing at Anga CBD, Anga Diamond and Anga Sky. Safaricom CEO Peter Ndegwa said the Anga M-Pesa Mini App seeks to provide moviegoers with increased convenience, enabling them to view schedules and book tickets from wherever they are while drawing more customers to cinemas. “This partnership with Anga Cinema goes beyond providing movie tickets and brings us closer to our ambition to make the M-Pesa Super App a digital…