Kenya’s Economy Strengthened in 2023 Despite Continued Challenges
The recovery of agriculture has led to improvements in food supply and coupled with monetary policy tightening has helped reduce inflationary pressures.
Auditor General flags KSh 147.39Bn Unauthorised Expenditure
The Auditor General says government ministries, departments, and agencies spent Sh147.39 billion without approval by parliament in the 2022/23 financial year. They are Nairobi, Machakos, Kilifi, Homabay, Embu, Wajir, Samburu, [...]
CS Owalo Terminates KBC Managing Director’s Contract Over US$5B Row
The government has terminated the contract of acting Managing Director of Kenya Broadcasting Corporation (KBC) and ordered for disciplinary action against him. Eliud Owalo, the CS Ministry of Information, Communications [...]
Regulator Fines Carrefour KShs. 1.1bn for Abusing Buyer Power
The Competition Authority of Kenya (CAK) has fined Carrefour KShs. 1.1bn for separately abusing its superior bargaining power over two of its suppliers. Buyer Power is the ability of a [...]
CBK Seeks KSh 35 Billion in Jan. T-Bonds Tap Sale
Central Bank of Kenya (CBK) has announced the issue of new three-year and re-opened five-year fixed coupon treasury bonds whose tap sale will remain open until 10th January 2024. CBK [...]MyCredit closes a US$ 3 Million deal with BlueOrchard
MyCredit Limited, a non-bank financial service institution licensed as a Digital Credit Provider (DCP) by the Central Bank of Kenya, has received debt funding of USD 3 Million from BlueOrchard for onward lending. “The Institution has disbursed 11,014loans to customers across the [...]Airtel Gains as Safaricom, Telkom, Lose Market Share
Safaricom and Telkom Kenya have lost market shares in mobile and broadband subscription between the months of July to September this year, a new Communications Authority of Kenya (CA) Survey [...]Kenya and EU Sign New Ambitious Trade Deal
Kenya and the European Union (EU) have signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth. The EU [...]As Cost of Doing Business Rises, Two Rivers' TRIFIC SEZ is Providing a Solution
With increasing taxes, new bureaucratic hurdles, and the devaluation of the shilling, the cost of doing business in Kenya has been rising. Due to these unprecedented challenges, firms have sought [...]
ATIDI to Underwrite 20MW Solar Project in Uganda
ATIDI (African Trade Investment Development Insurance), has announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent [...]Pezesha Files Liquidation Petition Against Marketforce
Kenyan fintech firm Pezesha Africa Limited has filed a petition for the liquidation of Marketforce Technologies Limited, a B2B e-commerce platform, citing unpaid debts. According to the court documents, the [...]Britam Appoints Hilda Njeru as Director Legal, Company Secretary
Britam Holdings Plc Board of Directors has appointed Hilda M. Njeru as the Director Legal and Group Company Secretary with immediate effect. Britam said in a statement that Hilda’s appointment [...]
