Weetabix East Africa is investing Sh200 million in upgrading its Nairobi production facility as part of a broader strategy to penetrate the European and American markets. This move marks a…
The Kenyan Treasury has committed Sh12.9 billion to join the Africa Finance Corporation (AFC), reinforcing the country’s push to finance major infrastructure projects through the multilateral development institution. This investment…
Usahihi Expressway Limited, the firm spearheading the proposed Nairobi-Mombasa Expressway, has announced that it expects to complete the project’s feasibility study by May. This marks a significant milestone towards the…
The Kenya Revenue Authority (KRA) has collected KSh 12.47 billion in taxes from betting firms over the eight months leading to February 2025, making the sector one of the top…
Absa Bank Kenya has announced a record dividend payout of Sh9.5 billion, reflecting a 12.9% increase to Sh1.75 per share following a robust 27.5% rise in net profit for the…
In a bid to combat illicit financial flows, Kenya is set to implement stricter regulations requiring traders in precious metals and stones to report any cash transactions exceeding Sh1.9 million…
Bomet Governor Hillary Barchok has signed a Memorandum of Understanding (MoU) with Konza Technopolis CEO John Paul Okwiri, marking a significant milestone in fostering digital transformation and innovation within the…
In a landmark move for Ethiopia’s aviation and economic landscape, Ethiopian Airlines has partnered with the African Development Bank (AfDB) to develop Bishoftu International Airport through a massive $7.8 billion…
sElectric vehicle (EV) owners in Kenya may soon benefit from discounted toll fees under the proposed National Tolling Policy, currently undergoing public participation. The policy, aimed at generating revenue for…
Thousands of households and public institutions in Kenya’s marginalized counties are set to benefit from expanded electricity access following the government’s Sh10 billion investment in solar energy. Under the Kenya…