August 30
Kenya: 11 Percent of Kenya's Clean Energy Supplied By Lake Turkana Wind
Lake Turkana Wind Power generated 1,481 gigawatt-hours of clean energy last year that was injected into the national grid. Read more »
Kenya: Old Mutual Announces Sh327mn Net Profit in H1
Old Mutual Holdings has announced a Sh327 million profit after tax in the six months ending June 30, 2024, an improvement from a Sh195 million loss during a similar period last… Read more »
Kenya: Equity Bank Named Best Bank for SMEs for Second Consecutive Year
Kenya's Equity Bank has been ranked as the best bank for small and medium enterprises (SMEs) in the country for the second year in a row in the 2024 Euro Money Awards. Read more »
Kenya: American Couple Sues Businessman Julius Mwale Over $850,000 Debt
American couple Mathew and Brooke Shaw have filed a lawsuit against a Kenyan businessman Julius Mwale and his wife Kaila Mwale, accusing them of defrauding them out of $1.7 million… Read more »
Kenya: Govt Looking for New Revenue Sources After Finance Bill Withdrawal
President William Ruto yesterday disclosed that Treasury is looking to raise revenue through other sources after the suspension of the Finance Bill 2024. Read more »
Kenya: Treasury Eyes Expert for Debt Management Role
Treasury is on the lookout for a new head to lead its Resource Mobilization Department, a key division tasked with managing the country's debt and coordinating financial relations… Read more »
August 29
Kenya: Treasury Mulls Tax Exemptions On Pension Savings Up to Sh30,000 Monthly
The National Treasury is considering the incorporation of an exempt pension structure aimed at making the pension sector more attractive, following a nod from the cabinet for the… Read more »
Kenya: Jubilee Declares Sh2 Interim Dividend As Profit Hits Sh2.5bn
Jubilee Holdings has announced an interim dividend of Sh2 per share after its net profit jumped to Sh2.5 billion in the half year ended June 30, 2024. Read more »
Kenya: Mombasa Cement CEO Hasmukh Patel Dies After Short Illness
Hasmukh Patel, the owner of Mombasa Cement, passed on while being rushed to a private hospital in Nyali. Read more »
Kenya: SRC Says Public Wage Bill Down By 4.9pc in Last 6 Years
The Salaries and Remuneration Commission (SRC) has revealed a significant reduction in the public wage bill over the past six years, marking a 4.9 percent decline to 46.6 percent… Read more »
Kenya: Senators Demand New Kcc Assets Register in Quest to End Compensation Dispute By Farmers
Senators have demanded an asset register of the New Kenya Cooperative Creameries (KCC) acquired from the Former KCC to unravel the truth regarding the payment of outstanding… Read more »
Kenya: Why Kenya Needs More Cybersecurity Professionals Urgently
AUG 29 - According to a report released by Kenya's Communications Authority, cybersecurity incidents in the country have skyrocketed, reaching 830 million by 2023. Cybersecurity… Read more »
Kenya: Deloitte Predicts Increased Investment in Kenya Despite Economic Uncertainties
Kenya is among 4 countries, including Nigeria, South Africa, and Tunisia, that continue to be top African investment hotspots. Read more »
August 28
Kenya: Savannah Clinker Outbids Tanzanian Firm to Acquire Bamburi Cement
Savannah Clinker Limited (SCL), a local building and construction sector firm, has outbid Tanzanian company Amsons Group in an effort to acquire full ownership of Bamburi Cement. Read more »
Kenya: MTN's Bayobab Completes Mombasa-Malaba-Busia Fibre Network Installation
Bayobab Kenya, a subsidiary of Bayobab Group and the digital infrastructure arm of MTN Group, has announced the completion of a multi-million shilling fibre network project… Read more »
August 27
Kenya: Experts Gather in Nairobi to Improve Food, Feed Safety
Experts are meeting in Nairobi to discuss ways to improve food and feed safety in Kenya. Read more »
Kenya: Gachagua Urges Accelerated Reforms in Agriculture, Focused On Tea, Coffee and Dairy
Deputy President Rigathi Gachagua has called on State agencies within the Ministries of Agriculture and Cooperatives to expedite reforms in the agricultural sector, particularly… Read more »
August 26
Kenya: Username Named Leading Real Estate Company By Pan-Africa Firm
Real estate firm Username has been named the leading real estate company in Kenya by the African Real Estate Summit & Awards that honor excellence in real estate development,… Read more »
August 27
Kenya: Didmus Barasa Tells Off EACC - I Won't Honour Your Summons, You're Not a Debt Collector
Kimilili MP Didmus Barasa has openly defied a summons from the Ethics and Anti-Corruption Commission (EACC), declaring that he will not appear in person at the commission's offices… Read more »
August 26
Kenya: Kenyan Digital Borrowers Show Strong Confidence in Loan Repayment
Seven in 10 Kenyan (70 percent) digital credit borrowers will be able to repay their loans in time despite tough economic challenges, a new report shows. Read more »
East Africa: Yamaha Motor Faces Scrutiny As Comesa Launches Anti-Competitive Probe
COMESA Competition Commission has announced that it will launch an investigation on Yamaha Motor following an alleged anti-competitive conduct. Read more »
Kenya: Mudavadi Proposes Integration of Funding and Technology in Agriculture to Enhance Climate Change Resilience
Prime Cabinet Secretary Musalia Mudavadi has recommended the integration of funding and technology in agriculture to enhance the sector's resilience to climate change. Read more »
Kenya: Mbadi Changes Tune On JSS Teacher Employment, Says Money Available
Treasury Cabinet Secretary John Mbadi now says there is money available to employ Junior Secondary School (JSS) teachers on permanent and pensionable terms. Read more »
Kenya: Bolt Announces 10 Percent Pay Hike for Drivers Following Concerns
Ride-hailing platform Bolt has increased earnings for drivers by 10 percent to cushion them from rising operational costs. Read more »
August 23
Kenya: Govt to Implement Police Salary Hikes in 3 Phases - Interior Ministry
The government will implement the 40 percent salary increment for uniformed officers, recommended by the reform task force led by former Chief Justice David Maraga, in three… Read more »