Volkswagen to launch assembly of Polo Vivo in Kenya

German automaker Volkswagen has signed a deal with Thika-based carmaker Kenya Vehicle Manufacturers (KVM) to assemble cars locally. The venture which will be jointly accomplished with the importer DT Dobie will be Volkswagen’s third production line in Africa – the…
Top 7 reasons to invest in Kenya

Kenya has the largest, fastest growing and the most progressive economy in East Africa. The country has the region’s best performing currency and constitutes 40 per cent of the East Africa Community’s gross domestic product. It has a strong development…
You only need Sh25,000 salary to own a home

Commercial Bank of Africa (CBA) has signed a deal with Bamburi Cement and “low cost” housing firm Koto to deliver budget homes to Kenya’s low income earners. According to the terms of the deal, Koto Housing will use Expanded Polystyrene…
China Wu Yi pours big cash into Kenya real estate

China Wu Yi will spend Sh3.8 billion to build a construction factory in Nairobi in a move that will further boost its growing influence in the Kenyan real estate sector. The board of directors of the Chinese construction firm recently…
Carrefour opens store in Nairobi

French retailer Carrefour has opened its first store in Kenya at The Hub in Karen, Nairobi, as it seeks to grow its presence in Africa. Carrefour, which is ranked the second largest retailer in the world after Walmart, has occupied…
Indian firm to build Sh5bn sugar complex in Kisii County

Indian manufacturing giant Kanoria Group will set up a Sh5 billion sugar factory in Kisii, Kenya, piling additional pressure on local millers who are struggling to remain in business amid an influx of cheap imports in the market. The factory,…
10 Steps to register company

Starting a business can be an exhilarating and fulfilling pursuit that may lead to financial independence. Here are the ten major steps to follow when registering a business in Kenya. 1.) Choose a name – Conduct a name search online…
A quick overview of the banking industry in Kenya

The local banking industry was liberalised back in 1995. PHOTO/FILE[/caption]The Kenyan banking industry is regulated by the Central Bank of Kenya Act, Banking Act, the Companies Act among other guidelines issued by the Central Bank of Kenya (CBK). The local…