Growth, inflation, trade and the public finances.
The Kenyan Ministry of Health has revoked the operational license of Shapo Trading Ltd, a Chinese-owned cigarette importer headquartered along Mombasa Road in Nairobi, citing gross violations of the Tobacco Control Act, 2007 and Tobacco Control Regulations,…
Kenya’s digital‑lending platform MyCredit has secured Sh1.4 billion (≈ US$10.4 million) in new funding, a deal that underscores investor appetite for East Africa’s fast‑growing fintech sector even as global venture flows cool. The capital raise—structured as…
Health Cabinet Secretary Aden Duale has released a detailed report today outlining findings and recommendations arising from a recent investigation into alleged organ trafficking at Mediheal Fertility and Transplant Centre in Eldoret. The probe, which took…
Police have detained a suspect in connection with the hacking of JamboPay, a major digital payment platform in Kenya, that led to the illegal transfer of approximately Sh49 million to multiple M-Pesa wallets and bank accounts. The Directorate of Criminal…
April 15, 2025 – Nairobi/Abuja — The Central Bank of Nigeria (CBN) has thrown a wrench into Access Bank’s bid to acquire 100% of the National Bank of Kenya (NBK), demanding that the lender divest from its operations in the Democratic Republic of Congo (DRC)…
Kenya’s grand plan to transform its coastal town of Lamu into a major Indian Ocean trade gateway has hit a wall — and it’s not just concrete. Persistent and deadly attacks by al-Shabaab, an Islamist extremist group linked to al-Qaeda, have severely disrupted…
Kenyan authorities have intercepted two Belgian teenagers attempting to smuggle approximately 5,000 queen harvester ants, worth nearly £6,000, in a bizarre twist on wildlife trafficking that signals a shift from big game to smaller, ecologically vital…
The Kenyan government is facing growing scrutiny following revelations that Sh6.5 billion collected through the country’s e-visa system was held in a Swiss bank account, bypassing the Constitutionally mandated Consolidated Fund. Between August 2024 and…
The Energy and Petroleum Regulatory Authority (EPRA) has announced a modest drop in fuel prices for the pricing cycle running from April 15 to May 14, 2025, offering slight relief to motorists and households. In Nairobi, the revised pump prices are: Super…
The Kenya Pipeline Company (KPC) has raised the alarm over a fake job advertisement circulating on social media, warning Kenyans not to fall victim to the latest employment scam targeting desperate job seekers. The bogus ad claims that KPC is offering 187 job…
Brussels, April 2025 — The European Union has announced the allocation of €258 million in humanitarian aid to support the most vulnerable populations in the Greater Horn of Africa, West Africa, and Central Africa. The funding is aimed at…
Nairobi, April 14, 2025 — The Kenya National Highways Authority (KeNHA) has issued a public alert over major traffic disruptions expected along the Mombasa–Malaba transport corridor due to the movement of an abnormally large cargo load. The oversized convoy,…
Kenya’s flower farming sector remains a blooming pillar of the economy, showcasing resilience and innovation even as it contends with mounting global and domestic pressures. As one of the world’s top exporters of cut flowers — with roses making up nearly 70%…
The Kenya government will focus on enhancing revenue collection and improving tax administration instead of introducing new taxes in the upcoming Finance Bill 2025, according to Government Spokesperson Isaac Mwaura. Speaking at a press briefing on Monday,…
April 2025, Lusaka, Zambia — The COMESA Competition Commission has found Heineken Holding N.V. guilty of engaging in anti-competitive practices across its distribution networks within COMESA member states. According to a formal statement, the Commission…
Access Bank has finalized the acquisition of 100% shareholding in the National Bank of Kenya (NBK) from KCB Group, marking a significant development in Kenya’s financial sector. The transaction received formal approval from the Central Bank of Kenya (CBK) on…
The Kenyan government has officially terminated a €1.3 billion (approximately KSh190 billion) Public-Private Partnership (PPP) agreement with a French consortium led by VINCI Concessions and Meridiam SAS. The contract aimed to upgrade the Nairobi–Nakuru–Mau…
NCBA Bank has been slapped with a Sh250,000 fine by the Office of the Data Protection Commissioner (ODPC) for violating Kenya’s data privacy laws after it inadvertently shared a customer’s personal information to the wrong email address. The fine, issued…
NAIROBI, Kenya – The University of Nairobi (UoN) has secured the green light from the National Treasury to develop 4,000 student hostel beds under a Public-Private Partnership (PPP), in a bold move to address the university’s chronic accommodation shortage.…
President William Ruto’s plan to privatise state-owned enterprises has hit a legal snag after the Court of Appeal declined to suspend a High Court ruling that declared the Privatisation Act 2023 unconstitutional. The appellate court dismissed an application…
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