Safaricom Reverses Plan on Expiry of Bonga Points
Safaricom has reversed a plan to put an expiry date on its Bonga loyalty programme that had accumulated to KES 4.5 billion in liabilities by March 2022. The publicly traded [...]
Kenya's Electricity Capacity Rises to 3,000MW
Kenya incorporated 102.34 megawatts to its installed capacity for electricity generation in the fiscal year 2021/22, bolstering efforts to provide stable power at a time when peak demand reached a [...]
Vivo Energy Accounts for Nearly a Quater of Fuel Product Sales in 2022
Vivo Energy Kenya, a retailer of Shell-branded fuel products, sold nearly a quarter of all petrol, diesel, and kerosene in the fiscal year ended June 2022, reflecting the impact of [...]Government Takes Over E-Citizen Service Portal
The Kenya Kwanza government has taken over the management of the e-Citizen service portal, which a private company previously managed. The announcement was made by ICT Cabinet Secretary Eliud Owalo, [...]Domestic Sales of Petroleum Products Increase by 11% in the 2021/2022 Financial Year
Domestic petroleum product sales increased by 11% in the fiscal year 2021/2022, according to the most recent energy sector data, as economic activity recovered. According to the Energy and Petroleum [...]CAK Appoints Dr Adano Wario as Acting Director General
The Competition Authority of Kenya (CAK) has appointed Dr Adano Wario to serve as Acting Director-General following the end of Mr Wang'ombe Kariuki's second and last term. Dr Wario's task [...]Iristel, a Canadian Telco, Enters the Kenyan Market
Iristel, the Canadian company, has announced its expansion into Kenya after defeating Safaricom in court. This expansion gives Iristel a presence in Africa as it seeks to expand its diverse [...]Insurance Premiums Jump 11.4% to KES 237.9 Billion in Q3 2022-IRA
According to the Insurance Regulatory Authority (IRA), insurance premiums increased by 11.4 per cent to KES 237.9 billion in the third quarter of last year compared to the same period [...]Tea Prices Fall short of Minimum Reserve Price Amid Low Demand
Tea prices at the first weekly Mombasa auction this year peaked slightly despite remaining below the minimum price, as demand remained low, the latest data shows. At the auction, a [...]Mobile Money Transactions Jump 15% to KES 7.2 Trillion in 11 Months-CBK
Mobile money transactions grew by 15.2 per cent in the 11 months to November last year compared to a similar period in 2021, underlining the importance of cashless deals. Data [...]TransCentury Share Price Rallies on Rights Issuance
TransCentury Plc, an infrastructure investment firm's stock, traded above the rights issue price for the first time since the company's cash call began on December 29, increasing the investment firm's [...]Google Joins Facebook and Twitter in Charging VAT for Advertisements
Google has requested that sellers of goods and services in Kenya to submit the Kenya Revenue Authority's (KRA) Pin before implementing a 16% VAT (VAT). Users have been asked to [...]
