Companies – Kenyan Enterprise https://www.kenyanenterprise.com/topics/companies/ Daily Breaking Business News, Finance, Economy, Technology and Startups On The Go! Wed, 25 Oct 2023 08:20:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://www.kenyanenterprise.com/wp-content/uploads/2019/03/cropped-IMG-20180823-WA0001-32x32.jpg Companies – Kenyan Enterprise https://www.kenyanenterprise.com/topics/companies/ 32 32 Centum CEO James Mworia Honored for Championing Conservation in Kenya https://www.kenyanenterprise.com/sites/inversk-review/article/centum-ceo-james-mworia-honored-for-championing-conservation-in-kenya/ Wed, 25 Oct 2023 08:20:00 +0000 https://www.kenyanenterprise.com/?p=24695 The Nature Conservancy has recognized James Mworia, Group Chief Executive Officer and Managing Director of Centum Investments, for his commitment to environmental conservation and climate action in Kenya. Mworia is one of three recipients of this year’s Nature’s Advocate Award globally. The Nature Conservancy bestows the renowned award on its trustees that promotes policies that address […]

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]]> Sh100 Billion Fund for SMEs Unveiled by Absa Bank https://www.kenyanenterprise.com/sites/inversk-review/article/sh100-billion-fund-for-smes-unveiled-by-absa-bank/ Thu, 19 Oct 2023 07:45:11 +0000 https://www.kenyanenterprise.com/?p=24645 Absa Bank Kenya has committed a Sh100 billion funding facility to spur the development of Micro, Small and Medium Enterprises (MSME) across various value chains over the next three years. The funding line is expected to improve the resilience of the sector by offering ready access to working capital, further cementing the Bank’s role in […]

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]]> KPA Intends to Impose Fresh Tariffs on Importers https://www.kenyanenterprise.com/sites/inversk-review/article/kpa-intends-to-impose-fresh-tariffs-on-importers/ Wed, 18 Oct 2023 07:17:46 +0000 https://www.kenyanenterprise.com/?p=24633 The Kenya Ports Authority (KPA) intends to examine the present fees assessed for its services in order to account for modifications such as elevated inflation and a weaker shilling, which could result in an increase in importers’ expenses. The authority claims that the current tariff, which became effective in December 2012 after being approved, has […]

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]]> Kenyans Will Pay Africa’s Highest Starlink Setup Costs https://www.kenyanenterprise.com/sites/inversk-review/article/kenyans-will-pay-africas-highest-starlink-setup-costs/ Fri, 13 Oct 2023 06:45:32 +0000 https://www.kenyanenterprise.com/?p=24561 According to a local daily report, compared to the other four African nations where the technology is accessible, Kenya and Mozambique will pay the highest fees to deploy satellite Internet on Elon Musk’s Starlink. Currently, the installation is taking place in six African nations: Kenya, Mozambique, Nigeria, Rwanda, Zambia, and Malawi. The installation’s largest expense […]

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]]> Safaricom Contribution to Kenyan Economy Shy of Ksh1trn https://www.kenyanenterprise.com/sites/inversk-review/article/safaricom-contribution-to-kenyan-economy-shy-of-ksh1trn/ Fri, 06 Oct 2023 07:32:11 +0000 https://www.kenyanenterprise.com/?p=24508 In the fiscal year that ended in March 2023, Safaricom increased its contribution to the Kenyan economy by 25%, getting closer to the Sh1 trillion mark while also maintaining over one million jobs. According to the company’s most recent annual sustainability report, its economic contribution increased from Sh727.2 billion to Sh909.5 billion, an increase of […]

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]]> Ruto Opens Amazon Web Center in Nairobi https://www.kenyanenterprise.com/sites/inversk-review/article/ruto-opens-amazon-web-center-in-nairobi/ Thu, 05 Oct 2023 07:19:51 +0000 https://www.kenyanenterprise.com/?p=24494 In order to expand its international operations, Amazon Web Services (AWS) on Wednesday inaugurated a development center in Nairobi, Kenya. William Ruto, the president of Kenya, Megan Whitman, the US ambassador to Kenya, representatives from Amazon, and other government officials launched the Center. Software development, support services, retail operations, and other crucial tasks are centralized […]

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]]> Helios Exit Leaves Emirati Company with Major Stake in Telkom https://www.kenyanenterprise.com/sites/inversk-review/article/helios-exit-leaves-emirati-company-with-major-stake-in-telkom/ Thu, 05 Oct 2023 06:34:58 +0000 https://www.kenyanenterprise.com/?p=24492 The newest development in the deal room of the losing telecom is that a company from the United Arab Emirates (UAE) will acquire a controlling stake in Telkom Kenya from Helios Investment Partners of London. Following a competitive process that began in January 2023, the Treasury said on Wednesday that it has chosen Infrastructure Corporation […]

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]]> Mdundo Subject to Sh31.5Million Music Copyright Claim https://www.kenyanenterprise.com/sites/inversk-review/article/mdundo-subject-to-sh31-5million-music-copyright-claim/ Fri, 29 Sep 2023 06:59:27 +0000 https://www.kenyanenterprise.com/?p=24452 The newest financial obstacle facing music streaming company Mdundo is a Sh31.5 million copyright infringement claim that was submitted during the financial year 2022/23. While the corporation withheld information about the claimant and the song or songs in question, it did indicate the claim was submitted in Kenya by denoting the claim amount in Kenyan […]

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]]> New Kenya Power Meters Tender Flagged by Procurement Watchdog https://www.kenyanenterprise.com/sites/inversk-review/article/new-kenya-power-meters-tender-flagged-by-procurement-watchdog/ Thu, 28 Sep 2023 08:04:52 +0000 https://www.kenyanenterprise.com/?p=24442 A firm that breached a previous contract three years ago was given a new opportunity to supply power meters, and the national procurement watchdog has ordered Kenya Power to justify this decision. In a letter to Kenya Power managing director Joseph Siror, the Public Procurement Regulatory Authority (PPRA) noted that the company, Smart Meters Technology […]

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]]> Kisumu Health Care to Receive New Ward Courtesy of M-Pesa https://www.kenyanenterprise.com/sites/inversk-review/article/kisumu-health-care-to-receive-new-ward-courtesy-of-m-pesa/ Wed, 27 Sep 2023 07:20:29 +0000 https://www.kenyanenterprise.com/?p=24418 Following an investment of Sh16 million by the M-Pesa Foundation to build a mother and child complex at Ratta Health Centre in Kisumu county, about 10,000 people in Seme will now have access to a variety of health services. A comfortable atmosphere for moms to give birth will be created through the Maternal, Child, and […]

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