Author: Khusoko

Kenya Revenue Authority (KRA) is pushing to raise taxes and levies to generate more revenue from a battered economy impacted by the Covid-19 pandemic. The taxman intends to increase levies on fuel, bottled water, juice and beer on garments, footwear and fertilizers effective October. Millions of Kenyans have already lost their jobs as companies cut down on the workforce to secure cash and to enable them sail through the pandemic. According to the Ministry of Labor and Social Protection data, shared with the Federation of Kenya Employers (FKE), 604 companies countrywide have declared their employees redundant following the negative effects…

PULA has appointed  Cedric Todwell, a Kenyan, as a new commercial manager for government, financials, and energy in Africa. He brings on board a vast experience in building partnerships in the renewable energy sector. PULA is a leading Agricultural technology that develops and deploys crops and livestock insurance.  The organization uses insurance and digital products to help smallholder farmers endure climate risks, improve their farming practices and bolster their income. It has helped 3.4 million farmers in 11 countries, both in Africa and Asia.  PULA has achieved this through partnerships with governments, seed/fertilizer companies, loan providers to bundle insurance with…

Boeing has abandoned a deal to buy 80 per cent of Embraer’s commercial aircraft business for $4.2 billion. According to Wang’ombe Kariuki, Director-general, Competition Authority of Kenya, the proposed transaction “…failed to take place following the decision of the parties to withdraw from the transaction.”

Family bank has partnered with Performeter Agribusiness, a dairy farming investment advisory firm to provide agricultural credit of KSh1 billion loans to finance fodder production. The credit facility targets over 100,000 farmers in dairy cooperatives with the intention of land preparation, planting, weed control, harvesting, ensiling and baling. “This is why Family Bank in partnership with Performeter, an experienced player in the dairy sector, has set aside Ksh1 billion as financing to enable farmers to access working capital and other financial services to support the dairy value chain and unlock its growth potential to the entrepreneurial dairy farmers,” said Family…

The Endeavor Investment Network held its first workshop in Africa aimed at providing investors with access to high-impact entrepreneurs and key members of the business and venture ecosystems in emerging markets in the continent. The participants included local entrepreneurs from Kenya, Endeavor entrepreneurs, regional investors, and international investors including global investor network members such as TPG Rise Fund, Wamda Capital, and IFC Ventures. The speed-networking session allows for matching amongst entrepreneurs and investors together by geography, sector, and stage for 25-minute connections with the expected outcome being long term investment relationships between them. “This was an opportunity to showcase entrepreneurs…

Visa, the global leader in payments, has appointed Eva Ngigi-Sarwari as its new Country Manager for Kenya. Eva will serve as the Senior Business Development Leader and Country Manager for Kenya, reporting to Corine Mbiaketcha, Vice President and General Manager for Visa in East Africa and will be part of the East Africa Leadership team.  Eva will be responsible for the development and implementation of our growth strategy in Kenya, Eva’s appointment is in line with Visa’s vision to continue to build a solid regional team by matching unique strengths and talents with critical business opportunities.   “We are excited to…