Small businesses in Kenya are faced with the obligation to contribute a minimum annual subscription of Sh5,000 to the Kenya National Chamber of Commerce and Industry (KNCCI), following the government's proposal to enforce mandatory membership to the organization. On...
Kenya's financial fortunes are set to rise as the International Monetary Fund (IMF) is granting an additional loan of Sh162.5 billion. This top-up is part of a 38-month programme that Kenya shares with the global lender. The IMF's decision follows President William...
In a notable defeat for Absa Kenya, the bank's attempt to increase the compensation for its Changamwe, Mombasa County property, acquired by the Kenya National Highways Authority (KeNHA), was rejected. Initially compensated Sh68.5 million in 2018, the bank sought a...
In an ambitious plan estimated at $20 billion, Kenya has committed to extending the Standard Gauge Railway (SGR), a modern railway system, to key regional hubs including Kisumu, Malaba, and Isiolo by the end of June 2027, according to a government document acquired by...
In a historic milestone for Kenyan startups, M-Kopa, the solar energy and asset financing firm, has successfully raised a staggering $255 million in a mix of debt and equity. This funding round, one of the largest for the region, is led by Standard Bank and also...
In a shocking episode of violence at the James Finlay tea plantation in Bomet County, six police officers were hospitalized after an encounter with over 200 youth who were caught illegally harvesting tea. This unsettling incident, which occurred on Monday, marks the...