KPLC Blocks Third party Token Purchase
The Kenya Power and Lightning Company (KPLC) has locked out third-party agents from selling tokens to pre-paid customers effective September 1. The energy utility firm said payments for tokens and [...]
NSE to See First Main Market Listing Since 2018
Kenya’sNairobi Securities Exchange (NSE)expects its first main-market segment listing in more than three years to happen before the end of December and boost activity on the bourse. “We have one [...]CMA Graduates Chumz app From the Regulatory Sandbox
The Capital Markets Authority (CMA) has approved the roll-out of the Chumz app to the mass market following the successful testing of the app on its Regulatory Sandbox. Chumz App, [...]Four Foreign Funds Buy 40% Stake in MKOPA
Four foreign funds have bought an estimated 40% stake in asset finance fintech, MKopa for an undisclosed value through a debt swap deal. Generation Investment Management, CDC, and LGT Lightrock—a [...]
Kenya Plans to Export Day-Old Chicks to Malaysia Mauritius
Kenya has announced plans to begin the exportation of day-old chicks to Malaysia and Mauritius, seeking to increase the country's live animal exports. Officials from the two nations have already [...]Kenya Power in Fresh Bid for Electricity Prices Review
Kenya Power has revived its bid for a review of electricity prices months after power charges were slashed by 15 per cent, dealing a heavy blow to its finances. The [...]SP Affirms Kenya's B/B' Ratings with a Stable Outlook
SP affirmed Kenya’s ‘B/B’ long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. According to SP, the stable outlook balances expectations of relatively strong economic [...]Kenyan founded Fintech Pezesha Targets New Markets After Raising $11m in Pre-Series A Round
Kenyan founded Pan-African embedded finance Fintech Pezesha has raised a pre-series A funding round of $11 Million in a mix of $6 million equity and $5 million debt. The round [...]Kenyans Borrowed an Average of Ksh 1.6 Billion Daily on Fuliza in 1H2022
Kenyans borrowed an average of Sh1.6 billion daily from Safaricom’s overdraft service, Fuliza, in the six months to June this year, showing increased dependence on the service that offers short-term [...]Kenyan Coffee Prices Boom Following Shortage in Brazil
Kenyan coffee farmers may be set for an earnings boom following a major crop failure in Brazil, the world’s leading producer. Market analysts project a sharp rise in the global [...]Kenyan Shilling Drops to an all-time Low of Ksh 120 Against the Dollar
The Kenyan shilling hit an all-time low on Friday as economic uncertainties loom around the next head of government after nine petitions were filed challenging the Presidential-elect victory. The Kenyan [...]STIMA One Electric Partner to Deploy Electric Motorcycles in Kenya
STIMA, a battery swapping technology company targeting the deployment of convenient battery swapping infrastructure for electric motorcycles at scale, and One Electric, India’s leading electric motorcycle manufacturer, have announced their partnership [...]
