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 …
Business
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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 …
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Business
Betting taxes outperform as KRA collects Sh12.47 billion in eight months
by Editorby EditorThe 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 …
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BusinessNews
Absa Bank Kenya Reports Record Sh9.5 Billion Dividend Amid 27% Profit Rise
by Editorby EditorAbsa 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 …
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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 …
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BusinessNewsTech
Bomet Governor Signs MoU with Konza Technopolis to Boost Digital Transformation
by Editorby EditorBomet 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 …
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BusinessNews
Ethiopia and AfDB Join Forces to Transform Bishoftu International Airport into a Regional Aviation Hub
by Editorby EditorIn 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 …
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BusinessNews
Electric Vehicles in Kenya Set for Discounted Toll Fees in Proposed National Policy
by Editorby EditorsElectric 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 …
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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 …
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Kenya Railways Corporation has initiated an environmental and social impact assessment in preparation for the much-anticipated extension of the Standard Gauge Railway (SGR) from Naivasha to Kisumu. This critical project …