(LAMU, KENYA) – Engineering and technology contracts worth more than $100 million (£78 million) have been awarded for Kenya’s $16 billion (£12 billion) oil refinery project in Lamu, as construction began on what will be East Africa’s largest industrial facility. India’s state-owned Engineers India Limited secured a contract exceeding $450Continue Reading
Zimbabwe Tycoon Wicknell Chivayo Dies in Helicopter Crash at 43, Leaving Behind a $100 Million Fortune and a Trail of Unfinished Business (MARONDERA, ZIMBABWE) – Wicknell Munodaani Chivayo, the Zimbabwean businessman whose name became shorthand for government tenders, flashy gifts and a fortune estimated at more than $100 million, diedContinue Reading
Adsterra Exposed: The Expert Evidence Publishers Need to Read The central problem with Adsterra is not that it serves bad ads. It is that bad ads appear to be the business model. A decade of independent security research, from Check Point’s 2018 Master134 investigation to Infoblox’s 2025 Russia-Cyprus AdTech NexusContinue Reading
(LIMASSOL, CYPRUS) – A global advertising network generating an estimated $112.5M in annual revenue has become a case study in the gap between corporate positioning and partner experience, with its Trustpilot rating now unavailable due to a breach of the platform’s guidelines. Adsterra, founded in 2013 and headquartered in Limassol,Continue Reading
(NAIROBI, KENYA) – Shelter Afrique plans to raise $500 million (KES 64.83 billion / GBP 383 million) through a sustainability-linked bond for East Africa in the first quarter of 2027, with the largest portion to be listed on the Nairobi Securities Exchange. The pan-African housing development bank will issue theContinue Reading
(NAIROBI, KENYA) – Total Kenya has been ordered to pay KES 20.7 million ($160,000 / GBP 123,000) to a former dealer after the High Court found the oil marketer continued using his business name, tax identification number, telephone number and email address for about 230 days after their business relationshipContinue Reading
(NAIROBI, KENYA) – Kenyan sugarcane farmers earned an estimated KES 33.5 billion ($258 million / GBP 198 million) in the seven months to July as cane deliveries surged, boosting domestic sugar output and easing consumer prices. Farmers delivered 5.94 million tonnes of cane during the period, up from 4.12 millionContinue Reading
(NAIROBI, KENYA) – Kenyan travellers returning home have accused immigration officers at Jomo Kenyatta International Airport of demanding bribes of up to KES 5,000 ($38.5 / GBP 29.6) to move passengers ahead of long queues, as congestion overwhelms the country’s main international gateway. Multiple recent incidents have been reported inContinue Reading
(NAIROBI, KENYA) – Kenyan businessman Peter Muthoka earned a profit of KES 2.5 billion ($19.3 million / GBP 14.8 million) from the sale of his airport services firm Transglobal Cargo Centre (TCC) to Turkish ground handling company Celebi, after selling the business for close to twice the value of itsContinue Reading
(NAIROBI, KENYA) – Kenya’s digital financial sector faces sweeping changes under a proposed law that would require payment providers to connect with rival systems and allow customers to share their financial data with third parties, potentially opening a market that processes billions of dollars annually. The National Payment System Bill,Continue Reading
