(NAIROBI, KENYA) – The Tax Appeals Tribunal has faulted the Kenya Revenue Authority (KRA) for classifying a cake making additive imported by Palsgaard Kenya Ltd without laboratory testing. The Tribunal overturned KRA’s tariff decision, saying the authority could not sustain a different classification after acknowledging that its laboratory could notContinue Reading
(MOMBASA, KENYA) – Greek multinational Amaco Energy Group has partnered with US energy equipment and services company GE Vernova to provide gas turbines for its proposed $1.5 billion (KES 194.2 billion / £1.16 billion) artificial intelligence (AI) data centre in Mombasa. The deal will see Amaco integrate GE Vernova gasContinue Reading
(NAIROBI, KENYA) – The National Infrastructure Fund (NIF) expects about KES 42 billion ($325 million / £251 million) in annual income from government securities as it seeks to create a steady financing pool for large strategic infrastructure projects while preserving its seed capital. The NIF seed capital presently stands atContinue Reading
(NAIROBI, KENYA) – The Communications Authority of Kenya (CA) plans to introduce a standalone licence for data centres as investment in cloud and artificial intelligence (AI) infrastructure expands. The regulator says the proposed framework will improve oversight of data centre operations and align Kenya’s licensing regime with those of otherContinue Reading
(NAIROBI, KENYA) – Kenya’s National Assembly has approved tax exemptions on a KES 3 billion ($23.2 million / £17.9 million) Japanese funded research programme at the Kenya Medical Research Institute (Kemri). MPs approved the recommendations of the National Assembly Committee on Delegated Legislation, clearing the way for implementation of theContinue Reading
(NAIROBI, KENYA) – Bank of Baroda has returned to the High Court seeking a review of a decision that left it facing a KES 2.99 billion ($23.1 million / £17.8 million) default judgment in favour of Infinity Industrial Park. The lender says it failed to file its defence in theContinue Reading
(NAIROBI, KENYA) – The Pharmacy and Poisons Board (PPB) has begun reviewing an application to register Mounjaro, a once weekly injectable diabetes drug, for use in Kenya. The application was submitted by Aspen Pharmacare, a South African pharmaceutical company that has an agreement with Eli Lilly, the US manufacturer ofContinue Reading
(NAIROBI, KENYA) – The High Court has cleared National Bank of Kenya (NBK) to take control of leather manufacturer Zingo Investments’ business and assets in a long running $5.6 million (KES 733 million / £4.4 million) debt dispute. The court ordered Zingo to hand over its premises, management, books, records,Continue Reading
(NAIROBI, KENYA) – Kenya is positioning itself as a leading digital infrastructure and investment hub in Africa, with the government prioritising fibre connectivity, data centres, cloud computing and artificial intelligence (AI) to attract global investment and accelerate economic growth. Broadcasting and Telecommunications Principal Secretary Stephen Isaboke said digital infrastructure hadContinue Reading
(NAIROBI, KENYA) – Kenya has stepped up efforts to restore Nairobi’s rivers, with renewed emphasis on partnerships, improved waste management and protection of riparian areas to create cleaner and healthier urban ecosystems. Environment, Climate Change and Forestry Cabinet Secretary Dr Deborah Mlongo Barasa and Lands, Public Works, Housing and UrbanContinue Reading
