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 [...]Co-op Bank's Profits Surge by 9.8% to KSh 25.5bn, Loan Book Stagnates
The Co-operative Bank of Kenya (Co-op) has reported a 9.8% increase in profit to KSh 25.5 billion in 2024 from KSh 23.2 billion in 2023. Operating expenses increased by 17.7% [...]NTSA Suspends Super Metro Citing Safety Violations
The National Transport and Safety Authority (NTSA) has suspended the operating license of Super Metro Limited, a prominent player in Nairobi’s public transportation sector, citing multiple safety violations. “The driving [...]Kenyans Cut Down on Personal Websites as Uptake Drops by 25%
Kenyans cut down on online visibility in the last three months of 2024, with the number of personal websites registered under the me.ke subdomain declining by 24.6% during that period. [...]Lawyers, Real Estate Agents Abetting Kenya's Money Laundering Networks
Kenya's efforts to curb money laundering face a tough challenge from designated non-financial businesses and professions (DNFBPs) — lawyers, real estate agents, and notaries — who operate in a regulatory [...]Africa Climate Summit Management Fails to Account for Millions
The Auditor-General has queried the accuracy of the expenditure of millions of shillings in the Africa Climate Summit hosted in Nairobi two years ago, after the event's management used donor [...]Kenya Meth Lab Bust Reveals Mexican Cartels' Expanding Operations
Kenya shut down a meth lab in Namanga in September last year—based on US intelligence—uncovering the first confirmed large-scale operation by Mexican Cartel de Jalisco Nueva Generación (CJNG) in East [...]Standard Chartered Kenya Increases Dividend by 55% as Profit Surges
Standard Chartered Bank Kenya will pay shareholders a total dividend of KSh 45 per ordinary share—55% higher than 2023—after reporting a 45% leap in net profit for 2024 to KSh [...]Roam, 4G Capital to Offer Financing for Electric Boda Bodas
E-mobility company Roam has partnered with neobank 4G capital to offer electric motorcycles at affordable rates, in an initiative backed by MasterCard Foundation. This partnership aligns with our vision of [...]
Smartphone Use Rises as Mobile Phone Penetration Hits 139.8%
There are more than 41.4 million smartphones connected to mobile networks in Kenya while feature phone use is declining, data from the Communications Authority of Kenya (CA) shows. “The increase [...]Bolt Bets on 23% Discount to Shake Up Kenya’s Corporate Ride Market
Ride-hailing company Bolt intends to outpace its rivals in Kenya’s corporate transport sector, touting fares that it says are 23% lower than competitors. “Businesses are always looking for ways to [...]
