Government to Amend or Repeal the Privatization Act to Boost Investment
The government has hinted at scrapping or amending the privatization act in the latest attempt to help financially struggling State-Owned Enterprise (SOEs) raise funds and stay afloat. PresidentWilliam Ruto, who [...]
Caren Robb Appointed Copia's Global CFO
Copia Global, Kenya’s B2C e-commerce platform has appointed Caren Robb as Global Chief Financial Officer with immediate effect, as it deepens its focus on regional growth and continues to pursue [...]Kenya Exports First Batch of Vegetable Oil for Biorefining
Italian multinational oil and gas company, Eni has exported its first cargo of vegetable oil produced in Kenya for biorefining in its Gela biorefinery in Italy. The vegetable oil is [...]President Ruto Promises 5-10 Company Listings on NSE Within a Year
President William Ruto has announced the government's promise to privatise ten companies in the next year through the stock market to end the six-year listing drought at the Nairobi Stock [...]Blow as KCAA Denies KQ Permit for 6 New Domestic Routes
The Kenya Civil Aviation Authority (KCAA) has denied Kenya Airways (KQ) an air service licence to fly to six new domestic routes. The Authority rejected an application by the national [...]Relief as Cooking Gas Prices Decline by KES 150 Amidst High Cost of Living
Kenyan households can now breathe a sigh of relief as prices of cooking gas drop by over Sh100. A spot-check showed that a six-kilogram cylinder price of Rubis Energy Kenya’s [...]
Kenya and Tanzania Seek to Enhance Trade Amidst Gas Pipeline Deal
President William Ruto and President Samia Suluhu Hassan have agreed on a working formula that will eradicate trade barriers between Kenya and Tanzania. President Ruto said a borderless East Africa [...]Airtel Completes Separation of Mobile Money and Telecoms Business
Airtel Kenya has completed the process of separating its mobile money business from the telecommunications arm, with the new entity now operating as Airtel Money Kenya Ltd (AMKL). The completion [...]Sugar Prices Hit Record High on Decline in Sugar Cane Production
A two-kilo of sugar has risen by Sh 12 at a time when the country is facing a 34 per cent decline in cane production. In leading retail stores such [...]KAA to Conduct 1st Test Flight on JKIA's Revamped Terminal 1B
The Kenya Airports Authority (KAA) has announced plans to conduct its first test flight on the newly refurbished Terminal 1B at the Jomo Kenyatta International Airport (JKIA) on 15th October [...]Gloom as Kenya Finds Only Dry Oil Wells in Disputed Maritime Area with Somalia
Kenya has failed to strike oil and gas deposits in the coastal strip that has been at the centre of an international border dispute with Somalia for years. Seismic surveys [...]Private Sector Rebounds in September as Concerns Over Post-election Disruptions Faded
Kenya’s private sector activity rebounded for the first time in six months in September as businesses recorded increased activity following the end of the election season. The uptick in private [...]
