May 19
Kenya: Copia to Lay Off 1,060 Employees Amid Financial Constraints
Online retailer Copia Kenya has announced plans to lay off 1,060 employees due to financial constraints. Read more »
May 21
Africa: President Ruto Roots for Local Manufacturing of Vaccines in Africa
President William Ruto is rooting for the local manufacturing of vaccines in Africa. Read more »
May 20
Kenya: Importers of Dirty Palm Oil for Repackage to Face 25% Tax
Individual and firms importing dirty palm oil for repackaging before selling will face higher taxes as the state moves to introduce new taxes on such commodities. Read more »
Kenya: Bill to Introduce Mandatory Registration for All ICT Service Providers
Those working as information, communication, and technology (ICT) professionals will now be required to get a license to operate if the proposed ICT Authority Bill 2024 is enacted… Read more »
Kenya: Grounding of 787 Dreamliners Caused Flight Scheduling Disruptions - Kenya Airways
The national carrier, Kenya Airways says the main cause of disruptions in its flight scheduling is due to the unscheduled and extended grounding of two 787 Dreamliners. Read more »
May 19
Kenya: Lake Turkana Wind Power Picks New CEO
Max Schiff has been appointed as the new Chief Executive Officer of Lake Turkana Wind Power (LTWP). Read more »
May 17
Kenya: 6 Nyanza Governors Distance Themselves From Investment Conference
Six Governors in the Nyanza region have distanced themselves from a planned Nyanza International Investment Conference, scheduled to take place next month. Read more »
Rwanda: President Ruto in Kigali for 2024 Africa CEO Forum
President William Ruto has arrived in Rwanda's Capital Kigali for the 2024 Africa CEO Forum. Read more »
Kenya: Germany, Sweden Express Caution On Tariffs On Chinese EVs
German Chancellor Olaf Scholz and Swedish Prime Minister Ulf Kristersson have cautioned against tariffs on Chinese electric vehicles (EVs) following Washington's announcement of… Read more »
Kenya: Maraga Taskforce Reforms Hit Snag Over Budgetary Cuts
The implementation of recommendations of the taskforce on reforms chaired by former Chief Justice David Maraga are now in limbo after the National Treasury failed to allocate… Read more »
Uganda: Kenya, Uganda Sign Pact On Importation, Transit of Petroleum Products
Kenya and Uganda on Thursday signed a tripartite agreement on the importation and transit of petroleum products through the two countries. Read more »
Kenya: MPs Push for Budget Cuts On Sh1.5b Statehouse Renovation Expenditure
Details have shown how Statehouse intends to expend Sh1.5 billion in the financial year 2024/2025 for the construction and renovations of state house and lodges which commenced in… Read more »
May 16
Kenya: Employment Court Orders Counties to Engage Striking Clinicians
The Employment and Labour Relations Court (ELRC) Wednesday ordered the Council of Governors (CoG) to continue scheduled talks with the Kenya Union of Clinical Nurses (KUCO) in… Read more »
Kenya: Financial Inclusion - Fintechs Bridge Gap for Unbanked With Hire Purchase Solutions
The Kenyan asset acquisition market has continued to grow in recent years with the emergence of fintech-based firms providing quality solutions. Read more »
Kenya: Safaricom Restores Internet Services After Undersea Fibre Cut
Safaricom has restored its Internet services to full network capacity and stability following last Sunday's undersea fibre cable cut that affected and disrupted the services. Read more »
Kenya: Heavy Taxation Not a Solution to Kenya's Debt Problem - Tax Experts
Tax and exchange control experts have called on the government to employ innovative revenue generation strategies as it seeks to settle the ballooning debt to avoid overburdening… Read more »
Kenya: Kenya Aims for Significant Investment During President Ruto's U.S. Visit
Kenya is gearing up to secure trillions of shillings in investments during President William Ruto's forthcoming state visit to the United States. The visit, spanning a week, will… Read more »
Kenya: Ruto's U.S. State Visit To Mark Major Milestone In U.S.-Kenya Relations
Kenya's President William Ruto is set to become the sixth Head of State invited for a State Visit by U.S. President Joe Biden since he took office four years ago. U.S. Ambassador… Read more »
Kenya: U.S. Ambassador to Kenya Raises Concerns Over Proposed Tax Hike
U.S. Ambassador to Kenya, Meg Whitman, has expressed concerns about President William Ruto's proposal to increase Kenya's tax rate from 14% to 22% by the end of his tenure. Read more »
May 15
Kenya: Debt Shaming Among Digital Lenders Down 75% On New Law
Cases of harassment and debt shaming by digital lenders have declined by 75 percent, coming on the back of the enactment of the Central Bank Amendment 2021 into law. Read more »
May 14
Kenya: Following Hami - Ferrari Recruit d'Ambrosio and Serra From Mercedes
Ferrari have made two high-profile recruitments from Mercedes. Read more »
May 15
Africa: What We Can Learn From Africa's Small Business Success Stories.
Africa is often hailed as the birthplace of some of the world's most exciting tech startups. From Cape to Cairo, small businesses across the continent have become catalysts for… Read more »
Kenya: DIB Bank Kenya Makes First Profit in 7 Years
DIB Bank Kenya, a subsidiary of Dubai Islamic Bank, has posted its first gross profit since launching operations in Kenya in 2017. Read more »
Kenya: Kenya Urged to Unleash the Power of Financial Markets
More listings and liquidity are signs that Kenya's financial market is starting to grow. But local traders and individual investors will need to do more in order to transform their… Read more »
Kenya: Enhanced Kenya Tea Brand to Boost Farmer Income
Kenya must develop a tea brand that will fetch the best prices for farmers, President William Ruto has said. Read more »