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Holland Overtakes Uganda As Top Buyer Of Kenya Goods

Goods purchased by Ugandan traders fell by nearly Sh1 billion in January compared to a year earlier, pushing the country down to third position in the list of top buyers of Kenyan products. Exports to Uganda fell by 21.8 per cent to Sh3.52 billion largely on import substitution, data collated by the Kenya National Bureau […]

Luxembourg-based private equity (PE) firm Fonds Européen de Financement Solidaire (Fefisol) has invested Sh100 million in Musoni Microfinance Ltd that targets small-scale farmers and the informal sector. The Nairobi-based credit-only lender founded in 2010 on Thursday said the funds will go towards developing financial products that stimulate food production and agri-business. It uses Safaricom’s M-Pesa […]

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UK-based drugmaker, Clinigen, has announced plans to introduce its three cancer drugs in the Kenyan market. In a statement, Clinigen Group Plc said it had granted Eisai Europe exclusive rights to seek licences from Kenyan authorities for the three brands, Halaven (eribulin), Fycompa (perampanel) and Lenvima (lenvatinib). Clinigen’s South Africa managing director Benjamin Miny said: […]

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A Danish solar power firm has acquired an office space in Nairobi that will tap a dozen Kenyans to drive its operations from next month, expanding the list of multinationals that have plugged into the local market. M-PAYG, which already has a footprint in neighbouring Tanzania, said it was eyeing opportunities presented by Kenya’s plan […]

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Kenya and Ireland have entered into a five- year agreement to boost food security in the country with focus on dairy and fisheries sectors. The partnership, which has been dubbed Ireland Kenya Agri-Food Strategy 2017-2021 will see local farmers benefit from use of modern technology in farming to increase their productivity. Irish Foreign and Trade […]

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