Kenyan Fintech Associations Form Umbrella Body
Five major representative associations in the fintech sector have formed an umbrella body called The Fintech Alliance (TFA) to drive the growth and development of the industry. By uniting under [...]
Starlink Subscribers in Kenya Double in Latest Data
Less than two years after its debut, Elon Musk's Starlink now has over 16,700 subscribers, according to the data for July to September 2024 from the Communications Authority of Kenya [...]
Gov't Faults Cement Makers for Abetting Illegal Gypsum Mining
The Ministry of Mining has decried the rampant illegal gypsum extraction in the country, accusing cement manufacturers of purchasing the critical mineral from unlicensed sources. There are no records on [...]Small Businesses Warm Up to Insurance Against Political, Economic Risks-Survey
Small and Growing businesses (SGBs) are increasingly taking insurance against political and economic risks as a hedge against loss of revenue and property, a new survey by WYLDE International and [...]Inside Bolt's KShs. 14bn Plan to Transform Safety for Riders and Drivers
In November 2023, online taxi platform Bolt purged over 5,000 drivers for not complying with safety guidelines. However, ride hailing company realized that being more proactive in its [...]Govt Seeks KSh 70bn in Reopened Infrastructure Bonds
The Central Bank of Kenya (CBK) is seeking KSh 70 billion from two reopened infrastructure bonds to finance projects in the current fiscal year. The 17 year paper will have [...]Bill Seeks to Compel Startups to Allocate 15% of Expenses on Research
Startups which have been in existence for more than 3 years risk being locked out from registration as a startup and admission into incubation programmes if they do not meet [...]Genghis Capital's KSh 355 mn Debt Row Intensifies as CMA Jumps in
The Capital Markets Authority (CMA) has asked Genghis Capital to provide a repayment roadmap after the investment firm was caught up in a US$2.7mn debt row with a South African [...]Treasury Proposes to Remove CBK from T-bills, Bonds Sales
Treasury has proposed that it take over the Central Bank of Kenya’s (CBK) role of selling government bonds and treasury bills as part of broader reforms to streamline debt operations [...]Court Grants Reprieve to Billionaire David Langat in KSh. 2bn Stanbic Loan Dispute
An Eldoret High Court has handed a temporary reprieve to billionaire David Langat by issuing an injunction blocking auctioneers tasked by Stanbic Bank from selling his properties in Nandi and [...]Government Moves to Allay Fears of Mass Job Losses After Restructuring 90 Entities
The government will move ahead with a new phase of restructuring to cut wastage and promote efficiency, according to a Cabinet dispatch on Tuesday which listed 90 entities that will [...]Kenya Eases ETA Visa Requirements for Africans
Kenya is rolling back the Electronic Travel Authorization (ETA) requirement for travellers from other African countries except Somalia and Libya in order to boost the efficiency of the [...]
