Topic: Kenya
Kenya ranks among top African nations in millionaire population, report finds
Apr 19, 2024 at 10:10 AM
Kenya has secured its place among the top African countries with a significant population of millionaires, following South Africa, Egypt, and Nigeria, according to the recently rel...
OPPO Reno11F 5G now available in Kenya
Apr 17, 2024 at 12:18 PM
OPPO Reno11F 5G smartphone, which has a design inspired by nature, has officially been launched in Kenya....
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Kenya, 19 other African countries to get up to Sh325 million in Agri-SME funding
Apr 11, 2024 at 09:13 AM
Selected African SMEs in Agriculture that can create employment for the youth of varied backgrounds are set to get funding in an initiative launched by Mastercard Foundation Fund....
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Operating income propels I&M Group post-tax profit 15 per cent to Sh13.3 billion
Mar 27, 2024 at 12:28 AM
A surge in operating income has seen the I&M Group’s post-tax profit increase by 15 per cent to Sh13.3 billion in the full year financial results for the year ended December 31, ...
KCB Group strikes deal to sell 100 per cent stake in NBK to Nigeria's Access
Mar 20, 2024 at 06:43 PM
KCB Group has struck a lucrative and binding agreement that will see the Kenyan bank sell its 100 per cent stake in the National Bank of Kenya (NBK) to Access Bank of Nigeria....
NCBA, Proparco sign Sh6.9 billion deal on green financing, women empowerment
Mar 18, 2024 at 10:31 PM
NCBA Group has signed a USD50 million (about Sh6.9 billion) facility with Proparco that will enable the Kenyan financial institution to deliver on its “Change The Story” sustai...
Tremor in Kenya oil sector as Uganda turns to Tanzania for its fuel imports
Feb 26, 2024 at 12:32 PM
Uganda's decision to explore fuel imports through Tanzania's Port of Tanga has sent shockwaves through the Kenyan oil industry, potentially jeopardizing billions of dollars in trad...
Kenya Airways reintroduces 3 non-stop weekly flights from Nairobi to Mogadishu
Feb 15, 2024 at 06:14 PM
Kenya Airways has resumed three weekly non-stop flights to Mogadishu, Somalia in a move aimed at cutting travel time and improve accessibility between Nairobi and Somalia capital....
Kenya and South Sudan push for con struction of 350km Nadapal-Juba road
Feb 13, 2024 at 04:09 PM
Kenya and South Sudan stand at the cusp of a transformative era as they fortify their alliance to bolster connectivity and trade relations....
Triton Scam: Fugitive tycoon Devani in Nairobi court after 16 years on the run
Jan 30, 2024 at 01:27 PM
Yagnesh Mohanlal Devani, a fugitive businessman cloaked in years of scandal and international intrigue, finally touched down in Kenya last week....
UK challenges Kenya on move to hike tariff on its products against their EPA
Jan 29, 2024 at 02:54 PM
United Kingdom (UK) has officially filed a complaint over the higher import duty charged by Kenya on its whiskies and vehicles among other products from the European country....
AltSchool Africa expands to Kenya, poised to fuel tech talent pipeline
Jan 24, 2024 at 02:47 PM
AltSchool Africa, the Nigerian edtech startup known for its dynamic skill-building programs, has cemented its commitment to Pan-African tech talent development by officially enteri...
Mobile money momentum stalled in 2023 as inflationary headwinds bit
Jan 22, 2024 at 11:21 AM
In a sign of the times, Kenya's mobile money transactions, a cornerstone of the nation's economy and a global fintech marvel, plateaued in 2023 for the first time since its 2007 in...
Kenyans brace for more taxing impact as IMF tightens its grip with stringent loans
Jan 22, 2024 at 09:59 AM
Kenya's economic trajectory is intricately linked to the International Monetary Fund (IMF), a relationship resembling a complex tango....
Why Kenya plans to exit Ruto's infamous G-to-G fuel importation deal with Gulf
Jan 19, 2024 at 08:17 PM
President William Ruto-backed Government to Government (G2G) deal with Saudi Arabia, initiated in April 2023, is facing uncertainty as Kenya expresses its intention to withdraw....
Diplomatic skies clear as Tanzania finally rescinds move to ban KQ flights from Dar
Jan 17, 2024 at 04:36 PM
Kenya and its sister nation Tanzania have finally broken the impasse following the decision of Tanzania Civil Aviation Authority to suspend Kenya Airways flights from Dar es Salaam...
SAP fined Sh36 billion for bribing KRA officials to bag lucrative software tender
Jan 16, 2024 at 02:23 AM
German software firm SAP has agreed to pay US regulators a whopping $222 million (Sh35.52 billion) in fines to settle a probe into bribery to bag tenders in Kenya and six other cou...
Regulator pushes for mandatory ID checks, registries to make Airbnbs safer
Jan 15, 2024 at 10:29 PM
Following the recent spate of unsettling killings linked with Airbnb spaces, the Private Security Regulatory Authority (PSRA) has issued a directive aimed at bolstering security me...
Eurobond repayment looms large as IMF to release Sh109 billion lifeline to Kenya
Jan 15, 2024 at 11:50 AM
With the June deadline for Kenya's first Eurobond repayment looming, all eyes are on the International Monetary Fund (IMF) set to convene on Wednesday to finalize the sixth review ...
Kenya embraces new economic boost as AfDB shifts focus in funding
Jan 15, 2024 at 09:48 AM
Kenya is set to witness a strategic shift in its infrastructure development landscape as the African Development Bank (AfDB), one of the country’s primary financiers, announces a...
