(NAIROBI, KENYA) – Lamu Governor Issa Abdalla Issa Timamy is part of a group of investors set to buy majority stakes in two insurance firms from South Africa’s Absa Group. Regulatory filings and court documents show the governor is a director and shareholder of First Assurance Investments Limited, the vehicleContinue Reading
(NAIROBI, KENYA) – Anne Kinuthia-Otieno, the founding chief executive of Airtel Money Kenya, is leaving the mobile money business to take up a new role as Visa’s vice president and regional manager for East Africa. Her exit ends a short but eventful period at Airtel Money during which she tookContinue Reading
(NAIROBI, KENYA) – Kenya’s budget deficit is expected to widen by KES 143 billion to KES 1.288 trillion in the current financial year, driven by higher interest payments on domestic debt and possible tax cuts ahead of the 2027 General Election. A wider budget deficit points to increased borrowing becauseContinue Reading
(NAIROBI, KENYA) – Kenya Airways expects to bring in a strategic investor by December 2026 as part of a plan to rebuild its finances after years of losses and state support. The National Treasury told the Public Accounts Committee of Parliament that the airline and the government, which is theContinue Reading
(Nairobi, Kenya) – Kenya’s efforts to close its housing deficit face major hurdles ranging from expensive and inadequate financing to tax uncertainty, with the private sector calling for stronger collaboration with government to unlock investment in affordable homes. According to International Housing Solutions, a Pan African housing provider, delivering affordableContinue Reading
(Nairobi, Kenya) – Kenya is stepping up efforts to position itself as Africa’s leading digital trade hub as the continent accelerates implementation of the African Continental Free Trade Area Digital Trade Protocol. More than 200 policymakers, business leaders, investors, technology innovators and development partners are expected to attend the DigitalContinue Reading
(Nairobi, Kenya) – Kenyan roads could soon have dedicated lanes for cyclists and pedestrians after the National Assembly approved the Kenya Roads (Amendment) Bill, 2024, aimed at improving road safety for all users. The bill was passed on Thursday, August 13. It seeks to introduce legal provisions that require roadContinue Reading
(Nairobi, Kenya) – TVS Motor Company has entered the African electric mobility market with the launch of its premium electric scooter, the TVS iQube, in Nairobi. The entry into Kenya marks a significant milestone in the company’s international expansion strategy as urban commuters increasingly seek affordable, environmentally friendly transport solutionsContinue Reading
(Nairobi, Kenya) – The Nairobi Coffee Exchange recorded strong trading activity this week after 18,089 bags of coffee weighing 1.115 million kilogrammes were sold for KES 994 million during Sale 34, reflecting sustained demand for Kenyan coffee in the international market. The auction posted an average price of KES 44,503Continue Reading
(Murang’a, Kenya) – Potato prices in Murang’a County have risen sharply, with a kilogramme now retailing at KES 170, up from KES 100 two months ago, as higher fuel and transportation costs squeeze supplies and household budgets. A spot check at Mukuyu Market in Murang’a town on Wednesday established theContinue Reading
