- NAIROBI, Kenya, May 22 – The government has halted new SACCO registrations for three months to pave the way for sweeping reforms aimed at addressing fraud and weak oversight in the sector. Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya said the moratorium follows rising cases of…
- NAIROBI, Kenya, May 21 – KCB Group Plc has reported a profit after tax of Sh16.53 billion for the first quarter ended March 2025, matching last year’s Sh16.48 billion despite a challenging operating environment. Total revenue rose by 2 percent to Sh49.4 billion, supported by a stable loan portfolio…
- NAIROBI, Kenya, May 21 – NCBA Group profit after tax grew by three percent to Sh5.5 billion in three months to March this year, an improvement from Sh5.3 billion recorded during a similar period in 2024. Whereas NCBA Bank Kenya contributed 79 percent of the group’s Sh6.8 billion gross profit, …
- NAIROBI, Kenya, May 21 – Mauritian firm East Africa Growth Holdings (EAGH) has increased its shareholding in I&M Group to 15.14 percent after acquiring an extra 86.5 million ordinary shares worth Sh4.2 billion. EAGH, a special purpose vehicle backed by global impact investors, now becomes the…
- MAY 21 – Access to the social media platform X has been restricted in Tanzania after some official accounts of government and private institutions were targeted by hackers. On Tuesday, the official police account was compromised, with sexually explicit material and false information that the…
- MAY 21 – The Horn of Africa is poised to benefit from a surge in blue economy investments, as regional and international players turn their attention to the vast, underexploited potential of the area’s coastal waters. Among the most significant of these ventures is Somtuna, a fish processing…
- By Dr. Hosea Kili MAY 21 – Public-Private Partnerships (PPPs) are a transformative mechanism for financing critical infrastructure and public services, harnessing private sector expertise and capital to accelerate national development. Since 2013, Kenya has successfully mobilized approximately KES…
- MAY 21 – Flying home from his Gulf trip last week, President Donald Trump told reporters “that was a great four days, historic four days”. Visiting Saudi Arabia, Qatar and the United Arab Emirates (UAE), he added in this trademark swagger that “the jobs and money coming into our countries, there…
- NAIROBI, Kenya, May 21 – Family Bank Group has posted a net profit of Sh1.05 billion in the first quarter of this year, a slight improvement from Sh910 million earned during a similar period in 2024. Improved Q1 (January to March) performance is attributed to cost-cutting measures and an…
- NAIROBI, Kenya, May 21 – The Capital Markets Authority (CMA) has licensed three new corporate trustees to bolster oversight in Kenya’s expanding Collective Investment Schemes (CIS) market, now valued at over Sh400 billion. The newly approved trustees include MTC Trust & Corporate Services…
- NAIROBI, Kenya, May 21 – Kenya Power has received the go-ahead to finalize a Sh1.2 billion transformer procurement, following a ruling by the Public Procurement Administrative Review Board (PPARB) that dismissed objections from two local manufacturers. The tender, reserved for local firms, involves…
- MAY 21 – Millions of shoppers could get up to £70 each after a tribunal approved a settlement in a lawsuit against Mastercard which stemmed from historic fees levied on businesses by the card provider. The decision comes after a long-running legal case going back almost a decade, brought forward by…
- MAY 21 – The Spanish government has called for the removal of the listings of nearly 66,000 properties on rental platform Airbnb on the grounds that they breach regulations for tourist accommodation. The clampdown comes as protests against over-tourism have begun ahead of the summer season.…
- NAIROBI, Kenya, May 21 – The Public Service Commission (PSC) has directed all public bodies under its mandate to begin paying non-practice and prosecutorial/special legal allowances to eligible Advocates of the High Court working in the public service, effective July 1, 2025. The move follows…
- NAIROBI, Kenya, May 21 – Safaricom has unveiled a revamped suite of business credit solutions designed to improve access to financing for micro, small, and medium enterprises (MSMEs) across Kenya. In collaboration with financial institutions, the telco is introducing tailored credit offerings that…
- NAIROBI, May 21 (Xinhua) — Revenue from Kenya’s tea exports fell by 20 percent in the first quarter (Q1) of 2025 due to lower shipment volumes, the Kenya National Bureau of Statistics said Tuesday. The country earned 46.07 billion Kenyan shillings (about 356 million U.S. dollars) between January…
- MAY 21 – Billionaire Elon Musk has said he expects to dial back his political donations, a major shift from the figure who shook up the 2024 election as a top donor to President Donald Trump. Musk, who ultimately spent more than $250m (£187m) in support of Trump’s campaign, told an economic…
- MAY 21 – The boss of one of the UK’s biggest banks has said the threat of cyber-attacks “keeps me awake at night”. Ian Stuart, the CEO of HSBC UK, said cyber-security was “top of the agenda” for his banking group, and dealing with IT vulnerabilities was an “enormous” expense for the sector as […]
- ZURICH, Switzerland, May 21 – The global Internet Computer Protocol (ICP) community is set to converge in Zurich on June 3, 2025, for the World Computer Summit, marking the protocol’s fourth anniversary and exploring how decentralized technologies like AI, Web3, and the Self-Writing Internet are…
- MAY 21 – If you are active in the Kenyan blockchain and tech scene, you have probably heard her name, or even been inspired by her work. Yvonne Kagondu is widely regarded as Kenya’s most influential woman in blockchain. She’s a bold advocate for Web3 adoption, youth empowerment, and inclusive tech…
- NAIROBI, Kenya, May 20 – Agriculture Cabinet Secretary Mutahi Kagwe has called for urgent, targeted investment in Kenya’s agriculture sector, warning that continued underfunding poses a threat to food security and economic stability. Speaking at the FINAS-2025 Summit in Nairobi, Kagwe framed agri-…
- MAY 20 – Parts of the southern Indian city of Bengaluru, often called India’s Silicon Valley are under water after heavy rainfall. The city is on high alert for more pre-monsoon showers on Tuesday due to cyclonic formations over the Andaman Sea, according to authorities. Three people, including a…
- NAIROBI, Kenya, May 20 – Communications Authority of Kenya (CA) has announced an infrastructure initiative that will see last-mile fibre optic access extended to 3,800 public offices and institutions. CA Director General David Mugonyi said that the Sh5 billion project, done in partnership with…
- NAIROBI, Kenya, May 20 – M-Pesa Foundation has committed Sh254 million for free medical services in 30 counties. The phase three of the project will be conducted over a period of 11 months. Already, the foundation has conducted medical camps in Kajiado and Embu counties with more than 5,000 people…
- MAY 20 – Investors might have hoped the turmoil that hit financial markets last month was over. But another bout of volatility in US borrowing costs is a sign that worries continue to bubble. The interest rate on the US government’s long-term debt surpassed the 5% on Monday, before retreating…
- NAIROBI, Kenya, May 20 – The number of fund managers in Kenya has reached 45 after the Capital Markets Authority (CMA) approved two new entities. They include Meridian Asset Management Limited and Swala Capital Limited. Moreover, the regulator has okayed several other special funds under unit trust…
- MAY 20 – The world’s largest electric vehicle (EV) battery maker has seen its shares jump on their first day of trading in Hong Kong, as it made the biggest initial public offering (IPO) so far this year. China’s Contemporary Amperex Technology Co Limited (CATL) produces more than a third of all EV…
- NAIROBI, Kenya, May 20 – MaxAB-Wasoko, the merged retail e-commerce and supply chain platform, has acquired Egyptian e-marketplace Fatura from EFG Finance, a subsidiary of EFG Holding. As part of the transaction, EFG Finance will receive an equity stake in MaxAB-Wasoko and a seat on its board of…
- May 20 – A Channel Islands business has signed a deal with the Kenyan government to enable staff to be recruited to work in the three UK Crown dependencies. The agreement between recruitment firm GR8 and the Kenyan government would pave the way for staff to be recruited to work in Jersey and…
- By Lydia Owuor MAY 20 – Having worked in real estate law for fifteen years, when it comes to lease extensions, the most prudent approach is to apply for one at least five years before expiry. This rule of thumb exists for good reasons. There is a crucial legal distinction between a lease extension…
- MAY 20- Prime Minister Sir Keir Starmer has said it is time to move on from “political fights” about Brexit, as the UK and the European Union agreed to a major reset of relations. The UK and the EU have struck a deal that covers fishing, trade, defence, energy and strengthening ties in a number […]
- NAIROBI, Kenya, May 20 – Google has rolled out AI Max for Search Campaigns, a new artificial intelligence-powered tool designed to help African businesses reach more customers online. Rolled out globally in open beta, AI Max improves ad performance by automatically matching search queries,…
- NAIROBI, Kenya, May 20 – Purple Dot International is set to launch the 14-storey Purple Tower along Nairobi’s Mombasa Road at the end of May, marking a shift toward more sustainable and tech-enabled commercial real estate in the city. The development comes amid a market correction in Nairobi’s…
- NAIROBI, Kenya, May 19 – Kenya’s annual milk production is expected to reach 3.4 billion liters by 2028 through interventions by the Nourishing Prosperity Alliance: Forage for Animal Growth in East Africa (NPA-Forage), a consortium of private sector players in the dairy sector. The potential 53…
- PARIS, May 19 (Xinhua) — Fifteen percent of daily flights were cancelled at the Paris-Orly airport following an air traffic control system breakdown on Monday. The cancellation was requested by France’s Directorate General of Civil Aviation (DGAC). A “radar failure” had caused a cancellation of…
- NAIROBI, Kenya, May 13 – Kenya will host the 15th edition of the Magical Kenya Travel Expo (MKTE) from October 1 to 3 at Uhuru Gardens in Nairobi, with over 6,500 delegates expected from 40 countries. The event will bring together 200 international buyers, 400 exhibitors, and thousands of tourism…
- THIKA, Kenya, May 19 – Kenyans have been urged to safeguard local industries as a bulwark against potential economic and social fallout, with a Thika business leader warning that politically driven disruptions could jeopardize thousands of livelihoods. Thika Business Community Chairman Anthony…
- NAIROBI, Kenya, May 19 – Tans Nzoia Governor George Natembeya has been arrested by Ethics and Anti-Corruption Commission (EACC) detectives over Sh1.4 billion irregularities in the county. According to his lawyers, Natembeya is being questioned at the anti-graft agency’s headquarters in Nairobi.…
- MAY 19 – In July last year, Jesús Cometa was shot at as he was driving through the Cauca Valley in southwest Colombia. Gunmen on motorbikes pulled up alongside his car and sprayed it with bullets. Mr Cometa escaped uninjured but his bodyguard was hit. “He still has a bullet lodged in his chest,” he…
- NAIROBI, Kenya, May 19 – The Supreme Court of Kenya has dismissed an application by Ecobank Kenya Limited seeking to escalate a dispute over advocate remuneration to the apex court, declaring that the matter does not raise issues of general public importance as required by the Constitution. This…
- MAY 19 – The government has announced new rules aiming to protect shoppers using buy now, pay later services, saying it wants to end the “wild west” of unregulated borrowing. Under the legislation, lenders will have to carry out affordability checks to stop people taking on too much debt and…
- NAIROBI, Kenya, May 19 – The Ministry of Energy and Petroleum is under pressure to comply with a High Court ruling in a case filed by Gitson Energy Ltd, following warnings from legal representatives of potential contempt proceedings. In a letter dated May 15, 2025, W. Thuku and Associates Advocates…
- MAY 19 – Uber has said it is “ready to go” now with driverless taxis in the UK – but the government has put back the date it expects to approve fully self-driving vehicles. The previous administration said fully autonomous cars were “set to be on roads by 2026”, but the new government says it is…
- NAIROBI, Kenya, May 16 – The Ministry of Information, Communications and the Digital Economy (MICDE) has launched the Kenya AI & Cloud Pioneer Initiative during the Huawei Cloud Kenya Summit 2025, signaling a major push to position the country as a regional leader in artificial intelligence and…
- May 18 – India will remain the fastest-growing major economy in the world, according to a new mid-year report by the United Nations (UN). The World Economic Situation and Prospects (WESP) update projects India’s economy to grow by 6.3% in the current fiscal year, despite global economic headwinds.…
- NAIROBI, May 17 (Xinhua) — Kenya’s wildlife authorities on Friday launched a 10-year national recovery and conservation action to save the rare pancake tortoise. The Kenya Wildlife Service (KWS) said the National Recovery and Conservation Action Plan (2025-2035) is designed to protect the pancake…
- NAIROBI, Kenya, May 18 – Huawei Kenya, Equity Group Foundation, and the Open University of Kenya (OUK) have launched a Huawei ICT Academy at Konza Technopolis to train over 10,000 learners in digital skills and boost innovation across health, education, agriculture, and fintech. The academy, based…
- MAY 17 – The number of UK billionaires has fallen while King Charles’ personal wealth has jumped to equal that of former prime minister Rishi Sunak and his wife Akshata Murty, according to the latest Sunday Times Rich List. The annual list of the UK’s 350 richest people revealed the biggest decline…
- NAIROBI, Kenya, May 14 – A new report by the Institute of Economic Affairs (IEA) and the Mitumba Consortium Association of Kenya (MCAK) is calling on governments to support the strategic coexistence of second-hand clothing imports and domestic apparel manufacturing as dual engines of economic…
- NAIROBI, Kenya, May 7 – Global philosopher and Centre for Infinite Riches® founder Pushkar Anand has launched his debut book Manifest Your Infinite Riches, now a #1 international bestseller, offering a transformative guide to fulfillment beyond material success. In the book, Anand challenges…
