Browsing: Kenya

Kenya, Rwanda and Uganda have been supporting the smuggling of gold mined from Sudan, South Sudan and the Democratic Republic…...

Kenya is considering a ban on cashless payments for routine consumer transactions under a new amendment to the Central Bank…...

Kenya’s largest telecom, Safaricom Plc, has reported a net profit of $354.3 million (Ksh45.8 billion) for the year ended March…...

Kenya has started formal talks to increase electricity imports from Ethiopia amid rising demand. The Kenya Power and Lighting Company…...

The International Monetary Fund (IMF) has set a string of targets for Kenya before unlocking new funding. Kenya will be…...

Investors have snubbed Ethio Telecom’s shares offered in an initial public offering (IPO) amid local investment rules in the Horn…...

Marco Rubio, the United States Secretary of State, has cancelled his planned visit to Nairobi, hours after Kenya’s President Ruto…...

New banks will be allowed to operate in Kenya as long as they meet the minimum core capital requirements, the…...

The Kenya Wildlife Service (KWS) has caught four smugglers trying to transport thousands of live ants out of the country…...

Listed lender Stanbic Bank has cut a deal with Kenya’s criminal investigations body to stop the police from looking into…...

Kenya’s Treasury will force virtual currency exchanges and wallet providers to disclose cryptocurrency owners, if Members of Parliament (MPs) approve…...

Kenya’s trade minister is holding talks with the United States administration in a bid to lobby for the extension of…...

Kenya’s trade with the United States was dealt a blow after President Donald Trump signed a new executive order imposing…...

Kenya is in talks with the International Monetary Fund (IMF) for a new lending programme after both sides agreed to…...

Sudan has suspended all imports from Kenya, for hosting the paramilitary group Rapid Support Forces (RSF) in Nairobi in February.…

Tanzania has defended a controversial agreement to import electricity from Ethiopia in a bid to address the frequent power outages.…...

Kenya has lost about $15.5 million in tobacco exports after British American Tobacco (BAT) shutdown its operations in Khartoum following…...

Kenyan employers and employees are preparing for more difficult financial times, as the National Social Security Fund (NSSF) Act of…...

Latest Update: Moody’s Enhances Outlook on African Banking Sector Moody’s Ratings has updated its evaluations of African banking systems, noting…...

Kenyan chief executive officers (CEOs) say increased taxation, high energy costs and reduced consumer demand are a threat to economic…...

Uganda is considering a lower budget for the 2025–2026 fiscal year as technocrats attempt to strike a compromise between expenditure…

United States President Donald Trump has cancelled five large contracts and grants in Kenya totalling $251.5 million (Sh32.5 billion). Mr…...

Kenya has deferred $682.2 million in funding expected from the International Monetary Fund (IMF) under the ninth review to the…...

Official data from the Kenya National Bureau of Statistics (KNBS) published on Friday (31.01.25) show inflation rose from three per…...

Kenya-based venture capital firm Purple Elephant has secured $4.5 million in seed capital, making it one of Africa’s biggest rounds…...

East Africa received the most funding from startup investors for the second year in a row, attributed to more investment…...

Kenya’s economic growth slowed in the third quarter of last year from the same period in 2023, marking the lowest…...

Kenya’s President William Ruto has nominated some of former head of state’s men in his recent cabinet reshuffle. Dr Ruto…...

The World Bank has downgraded Kenya’s growth projection for the year to 4.7 percent, levels matching the pre-pandemic slowed rate…...

John Mbadi’s first speech as Kenya’s Cabinet Secretary for National Treasury and Economic Planning was anchored on a raft of…...