Safaricom Ethiopia's M-PESA Revenue Dips Despite 245% Jump in Registrations
The number of registered M-PESA customers in Safaricom Ethiopia increased by 245% to 10.8 million as at December 2024 from 3.1 million December 2023, driven by airtime purchases and cross [...]
Local Investors to Pump KSh 129bn into Nairobi-Mombasa Expressway
American asset manager, Everstrong Capital, has signed an agreement with CPF Capital Advisory Ltd. to raise US$ 1billion (KSh 129 billion) for the Usahihi Nairobi-Mombasa Expressway project. “This is [...]KEBS, EPRA Calm Market over Substandard Petrol
The Kenya Bureau of Standards (Kebs) and the Energy Regulatory Authority (EPRA) have refuted claims of substandard fuel products in the Kenyan market after a viral video linked Vivo Energy [...]Kenya Airways Reacts to Anti-Semitism Claims at South African Airport
Kenya Airways (KQ) has denied claims that its staff at the O.R Tambo International Airport, Johannesburg, barred a Jewish rabbi from boarding a flight due to his race. “Our personnel [...]Kenya's Animal Feed Market Hit by Uneven Counties' Regulations
Kenya needs effective trade within the country and across borders for the growing demand for animal feed to be affordable at reasonable prices. “The cost of sourcing feed inputs andsupplying various [...]State Urges Businesses to Heighten Cybersecurity after Business Registration Breach
The Ministry of ICT is concerned about the prevalence of cyber attacks in the country's digital space and is encouraging businesses and individuals to regularly update cybersecurity measures. The BRS [...]KenGen Half Year Profit Surges by 79%
Listed power generating company Kenya Electricity Generating Company (KenGen) has posted a KSh 5.3 billion in profits after tax in the 6 months to December 2024, 79% jump from KSh [...]Viable Venues, Type of Artists Working Against Kenya’s Live Events Industry-PwC
Kenya is grappling with the lack of viable hosting venues and challenge of securing major artists to reap from a rebounding live events industry, an analysis by PWC's Africa Entertainment [...]Kenya Eyes Local Financiers for Public-Private Partnerships
The government has appointed over thirty experts from Kenya's financial sector to create a road map for mobilization of long-term local financing for strategic state projects. In a letter signed [...]Kenya's Private Sector Activity Expands for a 4th Month-Stanbic PMI
Kenya's private sector expanded for a fourth consecutive month in January albeit at a slower rate compared to the preceding two months, the latest Stanbic Purchasing Manager Index (PMI) shows. [...]Court Blocks CIB Kenya From Selling Defaulter's Land over KSh 167mn Debt
The High Court has blocked a proposal by CIB Kenya to change the terms of a KSh 180 million facility given to Azofco General Merchants Ltd. attaching a second [...]60% of Kenyan Companies Don't Expect to Hire in 2025-KNCCI Business Barometer
Kenya urgently needs to revitalise its business environment as private sector sentiment is generally less optimistic in 2025 than in the last two quarters of last year, the latest Kenya National Chamber of Commerce [...]
