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Counties Push for 42% Share Of Road Maintenance Levy
County governors are pressing the Senate to sharply increase their share of the fuel levy, seeking 42% of the Roads Maintenance Levy Fund (RMLF) compared with the 5% currently proposed.
I&M Bank, B Lab Africa Partner to Support Small Businesses
I&M Bank has partnered with B Lab Africa to strengthen the capacity of small to medium sized businesses within the listed lender's ecosystem.
Kenya Airways Launches Repatriation Effort as Gulf Conflict Escalates
Kenya’s limited airlift places it among a broader cohort of governments moving to extract nationals while commercial systems remain strained but functional.
UK Halts Study Visas for Sudan, Cameroon Over Asylum Abuse Concerns
The UK will suspend study visas for nationals of Afghanistan, Cameroon, Myanmar and Sudan, citing high levels of asylum claims from students. Skilled work visas for Afghans will also be halted as part of wider government efforts to tighten immigration controls and reduce pressure on the asylum system.
Roam Unveils Digital Platform for Connecting, Tracking EVs
Roam, an electric mobility manufacturer, has launched ‘Roam Explorer’, a digital platform designed to connect and manage electric motorcycles, tuk-tuks, buses, and cars across Africa.
Absa Bank Kenya's Increases Dividend by 17% as Profit Rises
Absa Bank Kenya PLC has reported a 10% rise in FY2025 net profit to KShs 22.9 billion, supported by a 32% decline in impairment charges and a 12% increase in non-interest income. Despite lower net interest income, the bank improved efficiency, grew total assets by 6%, and raised its total dividend by 17% to KShs 2.05 per share.
Kenya Revives JKIA Modernization Plans to Stay Ahead of Addis Ababa
A modernized JKIA could provide Kenya Airways and its partners with improved infrastructure to densify routes, reduce turnaround times, and attract additional transit traffic. Without comparable investment, Kenya risks ceding further ground to Addis Ababa as the region’s primary intercontinental gateway.
East Africa Moves Closer to Customs Bond Overhaul
Leaders of the eight-member East African Community (EAC) will meet on March 7 for their 25th Ordinary Summit, with regional traders watching closely for the rollout of a long-awaited single regional customs bond.
Afreximbank Ups its Budget for The Caribbean to US$ 5bn
Afreximbank has said it will expand its regional financing limit for the The Caribbean Community (CARICOM) to US$5 billion over the next four years.
Why the Bank of Tanzania Sold Some of its Gold
Tanzania’s central bank has defended its decision to sell part of its 19.6-tonne gold reserve, saying the move is part of routine reserve management. Governor Emmanuel Tutuba stated that the sale aims to rebalance reserve assets and support foreign exchange liquidity, with current reserves still covering about five months of imports.
BAT Kenya MD and CFO Exit After Record KSh 70/share Dividend
British American Tobacco Kenya has announced a leadership transition days after declaring a record KSh 70 per share dividend for 2025. Managing Director Crispin Achola will exit in June 2026, while Finance Director Philemon Kipkemoi steps down in March. The board has appointed internal executives Sidney Wafula and Catherine Chepkong’a as successors, signalling continuity amid illicit trade pressure and stable earnings.