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Why Kenya lost multinational firms

Government now steps in to revamp manufacturing sector after facing exodus of multinational firms By Staff Writer About two months ago, World Bank lead economist for Kenya, Eritrea and Rwanda Apurva Sanghi raised an alarm. He was…

Nakumatt opens third outlet in Kigali, Rwanda

Regional retailer Nakumatt Holdings has opened its 64th branch in Kigali, Rwanda. The new Nakumatt Kagugu Supermarket covering a shop floor space of more than 5,000square feet and located at Merez Centre Kagugu now pushes the retailer’s…

Largest Solar Plant in East Africa commence operations

  Made up of 32,680 photovoltaic panels, the new 10 megawatt facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area…

ICDC banks on Sh2b Gov’t subsidy for SME lending

The Industrial and Commercial Development Corporation (ICDC) is set to grow its investment portfolio by Sh 2billion annually from next year to fund small and medium sized enterprises at the counties. The state-owned development finance…

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