Kakuzi to Double Down on New Markets after KSh 167 Million Loss, Disruptions
Listed Agricultural company, Kakuzi PLC, has reported a pre-tax loss of KSh 167 million for 2024, driven by adverse weather conditions, foreign currency fluctuations, and geopolitical instability in the Middle [...]
Kenya Seeks New IMF Loan Amid Fiscal Strain, Denies Rift with Lender
Kenya has applied for a fresh loan program from the International Monetary Fund (IMF), aiming to roll over about US$800 million left unused from its existing arrangement, according to Treasury [...]$100Mn Gold Scandal Haunts Ex-Chief Registrar as IEBC Interviews Kick-Off
The process of setting up a new Independent Electoral and Boundaries (IEBC) team has begun this week with four applicants to the chairman’s position grilled on their suitability to steer [...]How Artificial Intelligence Is Transforming Financial Services
Artificial Intelligence (AI) is not just enhancing FinTech, it’s redefining the entire financial ecosystem. From automated decision-making and risk modeling to hyper-personalized customer experiences, AI is helping FinTech companies scale with precision and intelligence. [...]
Marketforce Ordered to Pay Staff KSh 2.1 mn after Redundancy
Collapsed startup Marketforce Technologies has been ordered to pay one of its former product managers over KSh 2 million for not following procedure in declaring him redundant. “There was also [...]Former Employee Withdraws Case Against iProcure Amid Insolvency Dispute
An ex-employee of iProcure Limited has withdrawn a lawsuit against the Kenyan agricultural supply chain startup—currently under administration due to financial difficulties. However, Muthusi opposed the request by asserting that [...]Ecobank Kenya Injects KSh 3.5bn to Meet Central Bank’s New Capital Requirements
Ecobank Kenya has injected KSh 3.5 billion into its capital base, ramping up its total core capital to KSh. 8.5 billion as it works to meet the Central Bank of [...]Land Ownership Documents for Affordable Housing Projects Missing-Audit
The sale of units built through the government’s affordable housing project could be derailed due to lack of land ownership documents, the Auditor-General’s report reveals. “In the circumstances, it could [...]Tribunal Overturns KRA Tax Demands After Delayed Responses
In a double blow to the Kenya Revenue Authority (KRA), the Tax Appeals Tribunal ruled in favor of two companies—Dalberg Research Limited and Panari Centre Limited—overturning multi million-shilling tax assessments [...]Super Metro Challenges NTSA License Suspension
Public transport operator Super Metro Limited has rejected claims made by the National Transport and Safety Authority (NTSA) leading to the suspension of its operator license—asserting that the accusations are [...]Safaricom Wins Case on Reverse Call Copyright
Four years ago, Davidson Ivusa sued Safaricom claiming ownership of the Reverse Call feature, which allows a customer to make a call with or without airtime and the receiver of [...]Steady Shilling Protects Absa Bank as Bad Loans Jump to Ksh 42.5Bn
Absa Bank Kenya's net earnings have risen by 28% to Kshs. 20.9 billion, as the lender navigates shifts in borrower trends, and a rise in non-performing loans whose impact has [...]
