New CBK governor Patrick Njoroge assumes office

President Uhuru Kenyatta has formally appointed Patrick Njoroge to the post of Central Bank of Kenya governor, a week after he was endorsed by Parliament. CBK governor Patrick Njoroge, deputy Sheila M’Mbijjewe and Board chairman Jairus Mohammed Nyaoga term in office effective June 19, 2015.The three will serve a four-year term [...]

Top investors Sh10bn richer after wave of insurance buyouts

Insurance industry’s top investors have earned more than Sh10 billion in the wake of a recent wave of big-ticket acquisitions that have stirred Kenya’s usually quiet underwriting sector. Top owners emerge as the biggest winners in a wave of acquisitions of local underwriters [...]

Microsoft sets up online system for copyright owners

Artists, software developers and other owners of intellectual property will have an opportunity to register their works online on an automated system developed by Microsoft and the Kenya Copyright Board (Kecobo).The IP Hub will be available across the country through HudumaCentres and artist will be required to pay Sh1,000 as registration fees [...]

Boost for Kenyan traders as Tanzania promises 24-hour cargo clearance
The transport of goods from Kenya to Tanzania is set to become more efficient after the latter country announced plans to roll out round-the-clock cargo clearance at its border crossings. Adan Mwakalobo, the officer in charge of customs and excise at the Holili border post, said Tanzania is determined to follow Kenya’s example and clear goods on a 24-hour service schedule, which would be an improvement from its current 12 hours [...]

Northern Kenya areas chosen to host regional crude oil pipeline

The regional crude oil pipeline from Kabaale, in western Uganda will pass through Kainuk and Lokichar in Turkana County, Isiolo and Garissa counties to Lamu port, the contractor picked to carry out the project feasibility study has told the Government. Toyota Tusho's proposal puts an end to debate on the 1,518km pipeline route within Kenya with oil companies being in favour of the ‘southern’ option that would have run close to the existing one and terminate in Mombasa[...]