KMC signs deal with two UAE firms to increase export capacity
The Kenya Meat Commission (KMC) has signed an agreement with two UAE-based companies, Blue Mountain Food and Global Foods that aims to increase the company’s export products to the Middle East. Under the agreement, the KMC will supply approximately 15.5 … Continue reading
Kenya sets watchdog to oversee bank transactions
The Central Bank of Kenya has announced the establishment of a Financial Reporting Centre (FRC) aimed at overseeing bank transactions, with Central Bank Director Jackson Kitili as its temporary head. The new watchdog was set up in mid April 2012 … Continue reading
Telkom Kenya’s LION2 high-speed underwater cable now operational
Telkom Kenya’s Lower Indian Ocean Network submarine cable (LION2) is now operational, boosting Kenya’s bandwidth capacity by up to 1.28 terabytes per second (tbps). With a total project cost of more than Sh5.7 billion, the new submarine cable is the … Continue reading
Kenya demonstrating improved business environment
Kenya, along with other East African countries, recorded an improved business environment for entrepreneurs in 2011-2012, after the government implemented various regulatory reforms. According to a new report released by the International Financial Corporation (IFC) and World Bank, all five … Continue reading
Pancontinental completes seismic survey on third Kenyan block
Australia’s Pancontinental Oil & Gas NL has completed the seismic survey on the third offshore exploration block in Kenya, which the company says would add potential to the block’s hydrocarbon prospects. Conducted by Apache Corporation on behalf of the L8 … Continue reading
Pacific Wildcat to commence drilling on Kenya’s second rare earth mineral site
Pacific Wildcat Resources, a Canadian-based metals and minerals company, plans to start drilling operations on a second rare earth minerals site in Kenya. The mining company said that recent tests proved that Kiruku Hill, which is only three kilometers away … Continue reading
Plans to install internet monitoring system stirs ‘war’ in Kenya’s Telecom sector
The Communications Commission of Kenya (CCK) has announced intentions to install a system to monitor private internet content, citing the increase of cyber security threats since the country entered the global telecommunication platform. Plans to set up the new spyware … Continue reading
Kenya’s president Kibaki commissions Nairobi southern by-pass
Kenya’s president Mwai Kibaki officially broke ground for construction work on the Nairobi Southern bypass which will run from Kikuyu town, across Ngong road and Langata road, to Mombasa road. The southern bypass is particularly expected to ease traffic congestion … Continue reading
Kenya’s cabinet says yes to crucial business bills
Kenya’s cabinet held a largely pro-business meeting on Thursday, March 15, 2012, characterized by a nod to crucial economic bills that will shape Kenya’s business environment if implemented. A media statement from the meeting indicated that the cabinet passed a … Continue reading
Kenya’s energy regulator increases fuel prices
Kenya’s Energy Regulatory Commission (ERC) increased prices for super petrol and kerosene on Wednesday, automatically interrupting the downward trend that had been sustained for three consecutive months. The energy body announced that super petrol will retail at Sh111.69 in Nairobi … Continue reading
