Reprieve for Lipa Later as Court Urges Investor to Resolve Dispute Via Arbitration
A dispute between Growth Studio Ventures, an Africa-focused venture capital firm, and Lipa Later Limited, an e-commerce credit provider, has taken a turn after the High Court ruled to stay [...]
Umeme Disputes Buyout, Trading Suspended on NSE, USE
The Nairobi Securities Exchange (NSE) and the Uganda Securities Exchange (USE) have temporarily suspended trading of Umeme Limited shares following the buyout of the company's operations by the Ugandan government. [...]Nairobi's Construction Boom Slows Down
The value of building plans approved in the Kenyan capital saw a steep 27.5% decline to KSh 10.17 billion in January 2025 from KSh 14.02 billion in January 2024, according [...]Navigating Forex Volatility: How Businesses Can Leverage Banks to Optimize Cross-Border Transactions
Kenya’s active participation in the ever-growing global trade market presents immense opportunities for businesses engaged in cross-border transactions. However, foreign exchange volatility remains a significant challenge for businesses that are [...]
Carbacid Takeover Bid for BOC Kenya Collapses
The long-delayed takeover bid for BOC Kenya has officially lapsed, marking the end of an acquisition attempt that had been embroiled in regulatory proceedings and strategic reconsiderations. BOC Kenya, a [...]Kenya's Geothermal Output Declines as Energy Mix Shifts
Kenya’s Geothermal energy production declined to 2,875.33 GWh in the second half of 2024, making up 39.81% of the total energy mix—down from 44.55% in the same period a year [...]Electricity Reliability Worsens as System Losses Hit 24.2% Amid Aging Grid
Kenya’s electricity reliability took a hit in the second half of 2024, with system losses averaging 24.2% and power outages lasting an average of 9.15 hours per month, three times [...]One Fraud is Too Many James Mwangi Says as Equity Group Turns to AI to Fight Fraud
Equity Group has deployed artificial intelligence (AI) to help fight fraud in addition to its engagements with the Communications Authority and the DCI, MD and CEO Dr. James Mwangi said [...]IFC to Lend Airtel Kenya KSh 9bn for Network Expansion
The International Finance Corporation (IFC) will provide a KSh 9.054 billion (US$70 million) loan to Airtel Kenya, as part of a broader US$100 million financing package for Airtel Africa’s East [...]Fuel Use Rises 2%, Kerosene Demand Dwindles
The consumption of fuel and other petroleum products grew 2% in 2024, an increase attributed to the growth in demand of AVGAS, Jet A1, Fuel Oils and Lubricants, according to Petroleum Institute [...]Lipa Later Shuts Down
Lipa Later, a fintech that offers consumer credit and e-commerce solutions for merchants, has been placed under administration two years after it acquired struggling e-commerce platform Sky.Garden for US$1.6 million. This capital [...]NCBA Posts Marginal Profit Growth, Loan Loss Provisions Down 40%
NCBA Group closed 2024 with a net profit of KSh 21.9 billion, a 1.9% increase from 2023 on the back of a reduction in loan loss provisions and a significant [...]
