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ATC demands half a billion from Telkom Kenya before mast site reconnection
Dec 07, 2023 at 10:02 PM
American Towers Corporation (ATC) has escalated its dispute with Telkom Kenya by demanding a down payment of Sh500 million and Sh150 million per month to reinstate services at the ...
Bear market deters three firms including Credit Bank from listing on the NSE
Dec 07, 2023 at 06:36 PM
In the face of a prolonged downturn on the Nairobi Securities Exchange (NSE), plans for three corporations, including Credit Bank, to debut on the bourse have been put on hold, rai...
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Kenya Posta slashes senior roles in bold restructuring move to salvage finances
Dec 07, 2023 at 01:58 PM
All senior manager positions at the Postal Corporation of Kenya (PCK) have been declared redundant as part of a comprehensive restructuring plan aimed at addressing financial chall...
Massive loan default fears as CBK raises base lending rate to 11-year high
Dec 06, 2023 at 10:50 PM
Kenyans are bracing for tough financial times ahead as the Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) executes a substantial increase in the base lending rate, soa...
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Airtel launches center to satiate growing appetite for data business across Africa
Dec 06, 2023 at 04:19 PM
Airtel Africa has officially launched Nxtra by Airtel, a robust data centre business designed to meet the escalating demand for reliable and sustainable data capacity across the Af...
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NCBA and CFAO Motors partner to drive affordable vehicle ownership with up to 100 per cent financing
Dec 06, 2023 at 01:38 PM
NCBA and CFAO Motors Kenya have announced a groundbreaking partnership that promises to revolutionize the accessibility of new and pre-owned vehicles for consumers....
Eyebrows as KEBS now changes tune on condemned edible oil imported by KNTC
Dec 06, 2023 at 12:45 PM
The Kenya Bureau of Standards (KEBS) has addressed recent media reports regarding the alleged importation of unfit edible oil, reiterating its commitment to safeguarding consumer s...
Ugandan dairy giant eyes expansion by acquisition of key Kenyan milk company
Dec 06, 2023 at 10:40 AM
Uganda's leading milk processing firm, Pearl Dairy Farms, known for its popular Lato brand, is poised to acquire Highland Creamers & Food Limited, a Kenyan dairy company producing ...
Margaret Nyakang'o freed on 500k bail as summons issued for her 10 co-accused
Dec 05, 2023 at 05:28 PM
Controller of Budget Dr Margaret Nyakang'o was on Tuesday charged with swindling Claudia Mutungi of Sh29 million, operating FEB Sacco Society Limited minus a valid licence, and for...
You have only 26 days left to import used vehicles registered before January 1, 2017
Dec 05, 2023 at 04:42 PM
The Kenya Bureau of Standards (KEBS) has restated the guidelines to be used when importing used or second-hand vehicles into the country commencing January 2024....
Kenya injects Sh1.3 billion to propel local SMEs to achieve global competitiveness
Dec 05, 2023 at 03:21 PM
Kenya has embarked on a transformative initiative by channelling Sh1.3 billion in World Bank-backed grants to bolster 150 small and medium-sized enterprises (SMEs) across the natio...
Kenya and India strengthen bilateral ties emphasizing on tech, trade, investment
Dec 05, 2023 at 01:49 PM
During his two-day state visit to India, President William Ruto affirmed Kenya's unwavering commitment to fortifying historical ties with India, dating back to the 18th Century and...
Controller of Budget Margaret Nyakang'o arrested over 4-year-old fraud allegations
Dec 05, 2023 at 10:02 AM
Controller of Budget Dr. Margaret Nyakang'o has been arrested in Mombasa following a complaint filed against her and 10 other individuals in 2019 and 2020....
High Court temporarily halts privatization of 11 key parastatals pending legal review
Dec 05, 2023 at 09:42 AM
In a significant legal development, Justice Chacha Mwita of the High Court of Kenya, based at the Milimani Law Courts in Nairobi City, has issued conservatory orders temporarily bl...
CBK flags 400 digital lenders operating illegally in Kenya offering predatory loans
Dec 04, 2023 at 10:17 PM
Central Bank of Kenya has revealed that there are an alarming 400 digital credit providers (DCPs) operating illegally amid concerns over digital lenders offering predatory loans....
IATF2023 surpasses targets with USD43.8 billion worth of business deals concluded
Dec 04, 2023 at 07:26 PM
The third Intra-African Trade Fair (IATF2023) held in Cairo, Eqypt on November 9-15 saw business deals and transactions concluded surpass targets to reach USD43.8 billion....
James Mwangi roots for more capital inflows to fund Green Projects in Africa
Dec 04, 2023 at 01:26 PM
Equity Group CEO Dr James Mwangi has urged African public and private sectors to push for greater capital inflows into Africa to finance green business ventures across the continen...
COP28: Kenya concludes key agreement to establish GCA Headquarters in Nairobi
Dec 04, 2023 at 01:18 PM
On the sidelines of COP28, President William Ruto concluded a groundbreaking agreement with Dr Patrick Verkooijen, the CEO of the Global Center on Adaptation (GCA), to establish th...
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Safaricom launches major campaign to increase the uptake of home internet
Dec 04, 2023 at 12:44 PM
Safaricom has unveiled a new campaign in a bid to enhance the uptake of home internet by staging available fixed internet solutions and value adds that improve the home experience....
KEBS flags edible oils imported by KNTC as unfit for human consumption
Dec 04, 2023 at 12:38 PM
In a recent development, the Kenya Bureau of Standards (KEBS) has raised significant quality concerns regarding government-imported edible oils, prompting decisive action against n...
Kenya Power turns its guns on EPRA as it grapples with shocking Sh23 billion loss
Dec 04, 2023 at 10:59 AM
Kenya Power, the national utility firm, is grappling with a staggering Sh23 billion loss for the year ending June 2023, attributing the financial setback to the Energy and Petroleu...
ITME Africa & Middle East 2023 summit attracts global textile industry players
Dec 02, 2023 at 02:00 PM
Kenya in the past week hosted key players in the textile and apparel industry from India, Africa and Middle East in a bid to link global business leaders with their African colleag...
Equity Group cements regional footprint with its full acquisition of Cogebanque
Dec 01, 2023 at 10:01 PM
In a strategic move to bolster its regional influence, Equity Group Holdings Plc (EGH) has triumphantly concluded the acquisition of Compagnie Générale de Banque (Cogebanque) Plc...
KenGen approves Sh2 billion dividend payout following stellar performance
Dec 01, 2023 at 03:29 PM
Kenya Electricity Generating Company PLC (KenGen) has announced a dividend payout of Sh2 billion for the year ending 2023, representing the first and final dividend payouts of Sh0....
50 jobs on the line at Unga Holdings as redundancies loom amid struggles
Dec 01, 2023 at 01:35 PM
In response to the prevailing economic challenges in the country, Unga Holdings Limited, encompassing Unga Limited and Unga Farm Care (EA) Limited, has announced its intention to d...
State mulls guaranteeing 15.96 million informal workers to access mortgages
Dec 01, 2023 at 01:21 PM
The government is working on a framework seeking to guarantee part of mortgages to be advanced to workers in the informal sector in Kenya who have irregular income....
SasaPay unveils innovative cash-back transaction model to empower SMEs
Dec 01, 2023 at 11:17 AM
In a strategic move to alleviate financial burdens for businesses, SasaPay, the online payment platform, has introduced a revolutionary solution, refunding fees incurred during tra...
