Incentro Africa Drops Demand, Renegotiates Google Cloud Services with Twiga Foods
Incentro Africa has agreed to withdraw a demand filed late last year against Twiga Foods over Google Cloud Service dispute. “In light of the settlement arrived between Twiga Foods and [...]
M-Pesa Paybill Experiences Technical Hitches
Safaricom has confirmed that there are technical faults in its payment service M-Pesa Paybill' since Monday 22nd Jan. We are experiencing a recurring service intermittency affecting some Paybill payments, Safaricom's [...]Collapsed Insurer Resolution Insurance Gets Liquidator to Oversee Claims
The creditors of financial challenged insurer, Resolution Insurance Company could soon make progress on their unsettled claims following the naming of an interim liquidator to begin the process. The firm [...]Africa's Leading Ladies Appoints Jacqueline Koni as CEO
Africa's Leading Ladies, a women empowerment community with over 400,000 members across the continent, has appointed Jacqueline Koni as its Chief Executive Officer. In her new role, Koni will bring [...]Kenya's Third Largest Miller, Kitui Flour Mills, Acquires Rafiki Millers
Kenya’s third largest miller, Kitui Flour has gotten a nod from the Competition Authority of Kenya (CAK) to fully acquire Rafiki Millers. According to the Competition Authority of Kenya, the [...]Kenyan Diaspora Remittances Soar to Record USD 4.19 Billion in 2023
In 2023, remittances inflows from Kenyans living abroad reached a record high of USD 4.19 billion, marking a 4.0 percent increase from the previous year's USD 4.028 billion, according to [...]
NSE's IPO Drought as Bearish Conditions Persist
The Nairobi Securities Exchange(NSE) remains unattractive to new listings due to a bear market that has persisted for close to a decade. According to Wycliffe Shamiah, Capital Markets Authority (CMA) [...]
UK to Guarantee AfDB's $59mn Loan to Upgrade Kenya's Power Transmission
The African Development Bank (AfDB) and the United Kingdom (UK) have announced the selection of Kenya's$116mn Transmission Network Improvement Projectas a beneficiary project under the Room to Run Sovereign transaction [...]CBK Accepts KSh 11.8 billion from Second Jan T-Bonds Tap Sale
Central Bank of Kenya (CBK) collected KSh 11.76 billion from the second January Treasury Bonds tap sale where it was seeking KSh 15 billion after floating a three-year and five-year [...]Kenya Mulls Debt Swap Ahead of $2 Billion Eurobond Debt Deadline
Kenya's Government is said to be in talks with interested parties that will see Nairobi strike a deal that will allow it to channel funds into social projects. With the [...]KUSCCO Fires MD in Clean-Up, Inter-lending Facility Comes Under Scrutiny
The Kenya Union of Savings and Credit Cooperative Society Ltd (KUSCCO) fired its Group Managing Director, George Ototo, as well as the National Chairman, George Magutu, earlier this week. KUSCCO [...]IMF Approves US$684.7 million to Kenya
The International Monetary Fund (IMF) has approved immediate disbursement of US$684.7 million to the Kenyan government. “Kenya’s performance under the ECF/EFF arrangements have been mixed with adherence to quantitative targets [...]
