Mabeya Davis
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World Bank, TDB Back $95M Green Homes Drive in Kenya
The Eastern and Southern African Trade and Development Bank (TDB), in partnership with the World Bank, has launched a new project aimed at promoting sustainable and inclusive housing in Kenya. The initiative, dubbed the Africa Green, Resilient and Inclusive Housing De-risking (GRIHD) Facility Project, will be financed through a US$95 million (Sh12 billion) loan from…
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URA Clarifies Types of Plastic Items Exempted from Excise Duty
The Uganda Revenue Authority (URA) has issued a clarification on the types of plastic packaging items exempt from excise duty under the Excise Duty Act. According to a public notice published on October 6, 2025, the URA stated that only vacuum packaging bags for food, juices, tea, and coffee sacks, as well as bags for…
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NLC to Allocate 2,454 Hectares in Taita Taveta for Conservancy Use
The National Land Commission (NLC) has announced its intention to regularize the tenure of a 2,454-hectare parcel of land in Taita Taveta County for conservancy use, on behalf of the county government. According to the notice, the land identified as LR No. 12922 will be allocated 30 days from the date of publication, provided there…
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Dubai Firm to Build Major EV Plant at Olkaria Green Park
Dubai-based Aquilastor Corporate Investment Company has unveiled plans to invest Sh19.4 billion ($150 million) in the construction of an electric vehicle (EV) assembly plant at the Olkaria green energy park in Naivasha. Once complete, the facility is expected to produce at least 50,000 electric and hybrid vehicles annually. Speaking during the groundbreaking ceremony, Aquilastor Group…
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Marula Mining Secures 60% Stake in Kilifi Manganese Project
Marula Mining PLC has completed legal, financial, and technical due diligence on its planned acquisition of a 60 percent interest in Bamba Mining Company Limited, which owns the Bamba Manganese Mining Project in Kilifi County. The company’s board of directors said the review confirmed the project’s strategic importance and long-term value, paving the way for…
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KBA Backs CBK Loan Pricing Reforms to Boost Credit Access
The Kenya Bankers Association (KBA) has welcomed the Central Bank of Kenya’s (CBK) revised loan pricing framework for variable-interest rates, saying the move will expand access to affordable credit for both individuals and businesses. The new formula, announced by CBK on August 26, introduces greater transparency by requiring banks to disclose all components of loan…
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Why Uganda is on IMF’s Doorstep Seeking Funding
Uganda is negotiating a fresh round of funding with the International Monetary Fund (IMF) after its previous program lapsed last year, the country’s finance ministry has confirmed. The East African nation’s earlier Extended Credit Facility (ECF), launched in 2021 and valued at about $1 billion, expired in 2024 after disbursing only $870 million. “Uganda is…
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Dangote, Ethiopia Seal $2.5B Fertilizer Investment Agreement
Ethiopia government has signed Fertilizer Complex Shareholder Investment Agreement with Nigeria’s Dangote Group, in a move that is set to transform the country into one of the world’s largest fertilizer producers. Prime Minister Abiy Ahmed Ali announced that the project, valued at $2.5 billion, will have the capacity to produce up to three million metric…
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EAC Cracks Down on Big Mergers – New Rules Start Nov 1
The East African Community (EAC) Competition Authority has announced the commencement of receipt of notifications for mergers and acquisitions with cross-border effects within the bloc, effective November 1, 2025. The move follows the provisions of the East African Community Competition Act, 2006, which empowers the Authority to receive merger notifications, review, approve, or remedy cross-border…
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Direct Flights to Riyadh from Nairobi Launch Soon with Low Fares
Saudi low-cost carrier Flynas will launch three weekly direct flights between Riyadh and Nairobi from October 2, 2025, marking its latest expansion into Africa. The move aligns with the airline’s expansion strategy as well as Saudi Arabia’s broader national agenda to boost connectivity in tourism and aviation. “This connection reinforces our commitment to making travel…
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$4M Boost to Poa Internet – Affordable WiFi Coming Your Way
Finnish development financier Finnfund has signed a Sh516.8 million ($4 million) debt investment agreement with Kenyan internet service provider Poa Internet to expand its network and improve access to affordable broadband in underserved communities. The investment, supported by the European Union (EU) and the European Fund for Sustainable Development Plus, aims to bridge Kenya’s digital…
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New CBK Loan Pricing Model Could Change Borrowing Forever
The Central Bank of Kenya (CBK) has announced the issuance of a revised Risk-Based Credit Pricing Model (RBCPM) for the banking sector, following a wide-ranging consultation process with industry players and stakeholders. The new model, which takes effect on September 1, 2025, for new variable rate loans, is aimed at strengthening monetary policy transmission, enhancing…
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Pilots Can Now Apply Licence Online Via eCitizen
Pilots can now apply for licenses online as Kenya Civil Aviation Authority (KCAA) shifts personnel licensing to eCitizen for faster, simpler and transparent processing. This follows the resumption of KCAA’s Personnel Licensing (PEL) services after the completion of a system upgrade aimed at improving efficiency and transparency. In a statement issued by Director General Emile…
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Kenya Mulls Repaying Chinese Loan in Yuan. Here’s Why
Kenya is negotiating with China to convert dollar-denominated loans into Yuan and extend repayment periods in a move aimed at cutting its $1 billion (Sh129 billion) annual debt service costs, Treasury Secretary John Mbadi has said. The talks, focused on financing for the $5 billion (Sh645 billion) Standard Gauge Railway (SGR), are intended to create…
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Stanbic Bank Appoints New Regional Chief Executive for East Africa
Stanbic Bank has appointed Dr. Joshua Oigara as its new Regional Chief Executive (RCE) for East Africa, effective September 1, 2025, subject to regulatory approval. Dr. Oigara, who currently serves as Chief Executive of Stanbic Bank Kenya, will take on the additional regional responsibilities while retaining his current role. “We are pleased to announce the…
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CA Warns Landlords Against Blocking Telecom Providers’ Access
The Communications Authority of Kenya (CA) has issued a stern warning to landlords, property owners, and managers against denying or restricting access to licensed telecommunication service providers, saying such actions are unlawful and hinder consumer rights. In a public notice, the Authority noted a growing trend where private individuals, public institutions, and landlords have been…
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Court Upholds Ban on Safaricom’s Bonga Points Expiry Date
The High Court in Nairobi has declined to lift its order barring Safaricom from enforcing Bonga points expiry date or restricting their redemption for non-merchandise purposes. The ruling stems from a case filed by Dr. Magare Gikenyi against Safaricom, the Communications Authority of Kenya, and the Attorney General. The Consumers Federation of Kenya (Cofek) and…
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Kenya Airways Set to Restore Grounded Dreamliner to Service
Kenya Airways has announced that one of its grounded Dreamliner aircraft will return to service on July 22, 2025, marking airline’s fleet recovery efforts after a challenging period caused by global supply chain constraints and engine availability issues. The national carrier had grounded three Dreamliner aircraft since late 2024, significantly shrinking its operational capacity by…
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KRA Beats Revenue Target, Collects Sh2.57 Trillion in 2024/25
The Kenya Revenue Authority (KRA) has exceeded its revenue collection target for the 2024/2025 financial year, collecting Sh2.571 trillion against a target of Sh2.555 trillion. This marks a 6.8 percent year-on-year growth and a performance rate of 100.6 percent. In a statement, KRA attributed the improved performance to a combination of strategic reforms, adoption of…
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Tough Rules for Imports as KRA Enforces COO Policy
The Kenya Revenue Authority (KRA) has announced that all imports into Kenya must now be accompanied by a Certificate of Origin (COO), effective July 1, 2025, in a move aimed at tightening compliance with trade laws and enhancing customs control. According to a public notice issued , the new directive is in line with Section…
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