Savannah Clinker Hikes Bamburi Cement Acquisition Offer by 9.4%
A circular from listed cement maker, Bamburi Cement PLC, to its shareholders reveals that Savannah Clinker's proposed price for takeover has risen from KSh 70 per share to KSh 76.55. [...]
JP Morgan CEO Jamie Dimon Meets President Ruto in Nairobi
President William Ruto met JP Morgan CEO Jamie Dimon at State House Nairobi, who had visited Kenya as part of his African tour, on Thursday. “Kenya has tremendous appeal as [...]Rough Ride for Investors as Apartments Record Negative Price Movements in Q3
Economic uncertainty resulting from political unrest is now being linked to slow business in Kenya’s property market in the third quarter of this year. According to third quarter Hass Consult [...]KRA to Enforce Tax Compliance by Mobile Phone Importers, Retailers
The Kenya Revenue Authority (KRA), in collaboration with the Communications Authority of Kenya (CA), will track all imported or locally assembled mobile phones from the 1st January 2025 to ensure [...]Investors to Pay Mining Royalties at Cargo Loading Point
Investors in the mining sector will now be required to pay royalties at the point of loading the cargo, the Ministry of Mining, Blue Economy and Maritime Affairs has said. [...]Kenya's Electricity Imports Soar by 86%
In the financial year 2023/2024, Kenya imported 1,199.8 GWh of electricity to offset demand and stabilize the grid. The highest import occurred in January 2024, totalling 142.25 GWh. The increase [...]Oil Prices Fall amid demand concerns
Global oil prices edged lower amid prospects of cooling geopolitical tensions in the Middle East coupled with slowing demand from China World’s top oil importer. US Secretary of State [...]BasiGo Raises US$38mn to Drive Expansion
Electric bus startup, BasiGo, has secured a US$17.5 million loan and US$24 million in equity funding from various investors to deploy over 1,000 electric buses across East Africa in the [...]Kenya Risks Locking Citizens from Services over Internet Costs-GSMA
Kenyans have cited affordability as main barrier to mobile broadband adoption with many fearing it might lock them out of essential government services now shifting online. “Sector-specific taxes on consumption [...]Top Luxury Hotels in Nairobi for an Unforgettable Stay
Nairobi is not only the gateway to Kenya’s world-renowned safaris but also home to some of the most luxurious hotels in East Africa. A giraffe gently nudging your window as [...]
Gov't Bans Macadamia Harvesting to Block Poor Exports
The Ministry of Agriculture will curb the harvesting of Macadamia starting next month, all the way to March next year to prevent the export of immature, poor quality nuts. A [...]Power Outages Rise by 21% in FY 2023/2024, Surpassing EPRA Limit
Electricity customers in Kenya experienced an average of 10.14 hours without power every month in the financial year ended June 2024, according to the regulator. “The SAIDI for the period [...]
