(NAIROBI, KENYA) – The operator of a Kenyan investment scheme cited in court for fraud is recruiting thousands of investors into a new platform, asking them to deposit $400 (KES 51,800 / GBP 307) to unlock funds estimated at close to KES 1 billion ($7.7 million / GBP 5.9 million)Continue Reading
(LAMU, KENYA) – More than 130 residents of Kenya’s coastal Lamu County have filed a lawsuit accusing the government of forcibly displacing them from ancestral land to make way for major infrastructure projects, including a proposed $16 billion (KES 2.07 trillion / GBP 12.3 billion) oil refinery backed by NigerianContinue Reading
(NAIROBI, KENYA) – Kenya Airways is replacing the core technology that has powered its bookings, ticketing, inventory management and airport check in for more than two decades. This forms part of the national carrier’s major overhaul of its commercial and digital operations. The airline has picked US based travel technologyContinue Reading
(NAIROBI, KENYA) – Kenya is among 11 African countries expected to phase out 2G and 3G mobile networks by 2030 as operators accelerate the shift to faster 4G and 5G broadband. The planned switch off is part of a new roadmap by the GSM Association (GSMA) aimed at narrowing Africa’sContinue Reading
(NAIROBI, KENYA) – Kenya’s banking industry is undergoing a striking change in the way customers use their accounts, with tens of millions of deposit accounts disappearing from lenders’ books in 2025. The scale of the change is captured in the latest Central Bank of Kenya (CBK) Bank Supervision Annual ReportContinue Reading
(NAIROBI, KENYA) – Equity Bank has the largest branch network and the most insured deposits among Kenyan banks, according to the Central Bank of Kenya’s Bank Supervision Annual Report 2025. Equity Bank Kenya closed the year with 13.87 million deposit accounts. That is the second largest account base in theContinue Reading
(NAIROBI, KENYA) – Kenya risks missing a major opportunity in electric mobility unless demand for electric vehicles is tied to local assembly, component manufacturing and investment, the Kenya Association of Manufacturers (KAM) has said. According to KAM, the country is at a critical stage in building an electric mobility industry,Continue Reading
(NAIROBI, KENYA) – Passenger and freight traffic on Kenya’s standard gauge railway rose in the first half of 2026, lifting combined revenue from the line’s operations to KES 11.6 billion ($89.63 million / GBP 67.56 million). Passenger revenue grew 14.6% to KES 2.37 billion ($18.31 million / GBP 13.80 million)Continue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya fined 33 commercial banks for failing to pass on lower loan rates to borrowers, in a record enforcement action covering most of the industry. The penalties followed on-site inspections of all 38 commercial banks, after which the regulator moved to force lendersContinue Reading
(NAIROBI, KENYA) – Standard Bank Group has set aside KES 166.7 billion ($1.03 billion / GBP 812 million) for investments across its African markets, as the South African lender seeks to deepen its presence in Kenya and the wider East African region. The funds were disclosed by Standard Bank chiefContinue Reading
