(KENYA) – Safaricom has crossed the one million mark in fixed internet subscriptions, strengthening its position as Kenya’s largest provider as competition and demand for high-speed connectivity intensify. Data from the Communications Authority of Kenya (CA) shows the telco had 1.025 million fixed data and internet subscriptions by the endContinue Reading
(NAIROBI, KENYA) – Kenyan banks with core capital below 8.625% of their loan book will be blocked from paying any dividend to shareholders under new regulatory proposals aimed at controlling risk in the banking sector. The Central Bank of Kenya (CBK) wants lenders to hold significant levels of common equityContinue Reading
(NAIROBI, KENYA) – Kenyan investors will not take part in Africa’s largest ever initial public offering after the listing of Nigeria’s Dangote oil refinery was restricted to the domestic market. Local investors had been expected to raise as much as KES 64.8 billion ($500 million / £392 million) of theContinue Reading
(NAIROBI, KENYA) – Kenya’s High Court has faulted the Insurance Regulatory Authority (IRA) for invalidating insurance policies held by customers of three insurers and placing them under statutory management without allowing affected policyholders to be heard. The court ruled that the Commissioner of Insurance acted outside the statutory parameters whenContinue Reading
(NAIROBI, KENYA) – Juja based exporter of avocados and herbs Karakuta Fresh Produce has sought regulatory approval to list on the Nairobi Securities Exchange (NSE) in a move that will expand the agricultural segment of the market. In its application to the NSE and the Capital Markets Authority (CMA), KarakutaContinue Reading
(NAIROBI, KENYA) – A Kenyan court has dismissed an application by prominent filmmaker David Tosh Gitonga to settle a KES 1.1 million ($8,500 / GBP 6,300) debt in monthly installments of KES 10,000 ($77 / GBP 58), ordering him to pay KES 7,000 ($54 / GBP 40) in costs forContinue Reading
(NAIROBI, KENYA) – Kenya’s tourism levy collections fell KES 1.004 billion ($7.75 million / GBP 5.79 million) short of target in the year to June after regulations to bring Airbnb rentals, homestays and villas into the tax system failed to take effect. The Tourism Fund collected KES 5.646 billion ($43.58Continue Reading
(NAIROBI, KENYA) – Kenya Power’s chief executive officer Joseph Siror’s annual pay nearly doubled to KES 46.02 million ($355,400 / GBP 263,200) in the year ended June 2026, as the company rewarded its top executive for a third straight year of profits and higher dividends. Mr Siror’s payslip was boostedContinue Reading
(NAIROBI, KENYA) – Banks and other financial institutions in Kenya now face fines of up to KES 20 million ($155,000/GBP 122,000) for breaking new terror financing rules as the country works to stop suspicious financial flows. New regulations from the Ministry of Interior and National Administration raise the maximum penaltyContinue Reading
(NAIROBI, KENYA) – A fraudulent investment scheme that froze millions of shillings of Kenyan investors’ cash in 2025 was run by the same person behind the recently collapsed Quant Vest Stock Exchange (QVSE), the Business Daily has established. The earlier scheme, known as PCEX, operated under the banner of GlobalContinue Reading
