CCI Global Sets Up US$ 50 Million Facility in Tatu City
Business Process Outsourcing (BPO) company, CCI Global, aims to create 5,000 jobs for Kenyans after launching its 17th contact center in Tatu City, investing US$ 50 million in a five-storey [...]
Communications Authority to Review Frequency Spectrum Prices by July
The Communications Authority of Kenya (CAK) will issue new frequency spectrum prices in the next two months, in the first such review since 2018. “To harness the full potential of [...]Inside the Finance Bill 2024: New Taxes, New Powers for KRA
The legislative process for the next fiscal year’s budget will begin today, when the Finance Bill 2024 undergoes its First Reading in a special sitting of parliament. In a bid [...]
Cable Cuts Disrupt Internet Access Across East Africa
Internet service providers across East Africa have reported outages and delays in their data networks since Sunday due to damaged submarine cables, in the third such incident this year. According [...]Diaspora Remittances Dip Slightly Month on Month, Up 24% from April 2023
Money sent by Kenyans living and working abroad edged lower by 2.6%, to USD 397.3 million in April 2024 from USD 407.8 million remitted in March 2024. Monthly remittances have [...]Safaricom Loses 1 Million Fuliza Customers in a Year
1 million customers unsubscribed from Safaricom's Fuliza overdraft service in 2023, according to the company's latest financial results. KCB Mpesa's revenues grew by 15.4% to KShs. 700 million, while its [...]Showmax 2.0 Officially Launches in Kenya
Multichoice streaming platform, Showmax, has officially rolled out its new platform pegged with additional entertainment packages and enhanced viewer experience in Nairobi today. What happened at the time was a [...]Impact of Regulatory Changes on Free Data Access in Kenya
Opera, a company known in Kenya for its Opera Mini browser, has been a technology pioneer and an influential player in the local market for decades. Opera Mini is famous [...]Sri Lanka's Brown Investments Acquires Lipton Teas and Fusion's Tea Estates
Lipton Teas and Infusion has transfered its tea estates in Kenya, Rwanda, and Tanzania to Browns Investments in a deal that will also see shares totalling 15 per cent of [...]Nasim Devji to Step Aside as DTB Kenya CEO in Reorganisation
Diamond Trust Bank is seeking Chief Executive Officer for its Kenyan business after current CEO Nasim Devji was reassigned. In this context DTB Kenya intends to recruit a country CEO [...]Achieving Compliance: Best AML Practices for Businesses in Kenya
Tech and financial companies operating in grey listed countries like Kenya have started strengthening their verification processes to counter chances of flow of dirty cash through their systems. In mid [...]Commuter Train Services Resume in Parts of Nairobi after Suspension
Kenya Railways has resumed commutter train services on majority of its Nairobi routes after abrupt break caused by heavy rains that have been pounding various parts of the country. We [...]
