(NAIROBI, KENYA) – Bar owners want Parliament to stop the ongoing public participation exercise on the Tobacco Control (Amendment) Bill, 2024, and expand it beyond Nairobi, as they oppose several provisions they say could raise the cost of business and fuel illicit trade. The Pubs, Entertainment and Restaurants Association ofContinue Reading
(NAIROBI, KENYA) – Social media platforms are tightening content monetisation rules to favour original material, a shift that threatens the earnings of thousands of Kenyan creators who built audiences by reposting trending content, memes and news from other sources. X announced this week that it is winding down its existingContinue Reading
(NAIROBI, KENYA) – A fresh petition has been filed at the High Court challenging Philip Mainga’s tenure as Kenya Railways Corporation (KRC) Managing Director, days after another petitioner sought to withdraw a similar case filed in Kisumu in which a judge had issued interim orders barring him from office. TheContinue Reading
(NAIROBI, KENYA) – KCB Bank has been allowed to place apartment blocks owned by Northcote Business Centre under administration to recover defaulted loans of $16 million (KES2 billion / £12.6 million). Northcote borrowed the sums from National Bank of Kenya. The loans are part of the portfolio KCB inherited afterContinue Reading
(NAIROBI, KENYA) – Kenya’s pension schemes sharply increased their holdings of quoted shares in the first half of 2026, moving more capital towards the Nairobi Securities Exchange (NSE) as falling government bond yields and rising share prices made equities more attractive. Data from the Retirement Benefits Authority (RBA) shows pensionContinue Reading
(NAIROBI, KENYA) – Prime Bank Group posted a 23.6% rise in net profit for the half year ended June 2026 to KES3.3 billion ($25.4 million / £20 million), driven mainly by lending to the government. The lender, which has a regional presence outside the East African Community, recorded a profitContinue Reading
(NAIROBI, KENYA) – Shareholders of companies listed on the Nairobi Securities Exchange will receive KES74.95 billion ($576.5 million / £454.2 million) in dividends between late August and early November, boosted by a sharp rise in corporate profits and share prices. The payouts have become a key source of cash forContinue Reading
(NAIROBI, KENYA) – Global cross-border payment platforms are cutting off cash transfer services to Kenya amid increased anti-money laundering scrutiny, with US firm Sendwave and UK-based Wise becoming the latest to restrict Kenyan users. Sendwave stopped wallet services in Kenya from August, citing technical difficulties. Wise has restricted some KenyanContinue Reading
(NAIROBI, KENYA) – Absa Group has failed in its bid to raise its stake in Absa Bank Kenya to as much as 85% through a tender offer worth about $238 million (KES30.8 billion / £187 million). The South African banking group bought 189.38 million shares from minority shareholders out ofContinue Reading
(NAIROBI, KENYA) – Businessman John Ngumi has lost his bid to keep his fight against the Ethics and Anti-Corruption Commission (EACC) out of the specialised anti-corruption court, with the Constitutional and Human Rights Court ruling that the case belongs in that division. The case concerns the EACC investigation into theContinue Reading
