Phidel Kizito
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Trianum Targets East African Expansion as it Marks 15 Years
Apartment hotel chain Trianum Hospitality is planning to expand its operations across East Africa as it marks its 15th year in business. Co-founder Samantha Muna said the company will rely on global brand partnerships to strengthen market distribution and improve the value of its managed properties. “Leveraging global brand partnerships is one of key strategies…
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Safaricom Wins Top Digital Technology Award at CIPS Africa 2025
Safaricom has won the award for Best Use of Digital Technology at the Chartered Institute of Procurement and Supply (CIPS) Africa Excellence in Procurement and Supply Awards 2025. The accolade recognizes the company’s Artificial Intelligence (AI)-powered Supply Market Analysis initiative, which provides real-time insights into supplier landscapes, cost structures, competition, market trends, and commodity risks.…
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New MOGO Hotline Offers Lifeline to Kenyans Hit by Vehicle and Boda Boda Theft
For hundreds of Kenyans who have lost vehicles and motorcycles to thieves, help is now just a phone call away. Asset financier Mogo has launched a 24/7 emergency hotline 0719 089 999, to help report and recover stolen assets across the country. The hotline is part of a growing digital safety initiative that includes SAKA,…
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Counties Share Sh3.6 billion Fuel Levy for Road Works
The Kenya Roads Board (KRB) has distributed Sh3.68 billion from the Road Maintenance Levy Fund (RMLF) to all 47 counties, with Nakuru (Sh183 million), Kitui (Sh152 million), and Nairobi (Sh120 million) receiving the largest portions in the 2024/2025 financial year. The funding, derived from a Sh18 per litre tax levied on petrol and diesel, is…
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VACC Backs Crypto Regulation Bill to Unlock Kenya’s Blockchain Potential
The Virtual Assets Chamber of Commerce (VACC) has expressed strong support for the proposed Virtual Asset Service Provider (VASP) Bill, 2025, describing it as a crucial step toward establishing a safer and more robust digital asset environment in Kenya. The bill, which aims to regulate the licensing, compliance, and registration of crypto platforms, could mark…
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KQ, Qatar Airways Ink MoU to Boost Regional, Global Connectivity
Kenya Airways (KQ) and Qatar Airways have signed a Memorandum of Understanding (MoU), formalizing a strategic partnership that is set to reshape air travel between Africa, the Middle East, and beyond. The agreement, inked in Doha by Qatar Airways Group CEO Badr Mohammed Al-Meer and Kenya Airways Group Managing Director and CEO Allan Kilavuka, outlines…
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BNN Debuts in Nairobi with Grand Event to Strengthen SME-Corporate Partnerships
Business Networking Night (BNN) has officially made its entrance into Kenya with a high-profile gathering in Nairobi, bringing together over 300 business executives and thought leaders from multiple industries. The occasion marked the Nairobi debut of BNN, a global business connector that seeks to bridge the gap between small businesses and larger enterprises. Its primary…
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Kenya Ranked Top in Africa for ICT Regulation by UN Telecom Agency
NAIROBI, Kenya, June 6 – Kenya has been ranked the most progressive country in Africa in terms of Information and Communication Technology (ICT) regulation, according to the latest ICT Regulatory Tracker released by the International Telecommunication Union (ITU), a United Nations agency. The report, which assesses 194 countries, gave Kenya a score of 93 points,…
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High Court Suspends Government Ban on Nicotine Product Licenses
The High Court has temporarily halted a government directive suspending all licenses and import clearances related to nicotine and related products, pending the hearing of a petition filed by public health advocate Susan Awino. In a ruling delivered on June 4, 2025, Justice Bahati Mwamuye of the Milimani Law Courts issued conservatory orders restraining the…
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Treasury To Overhaul Housing Levy Over Concerns
NAIROBI, Kenya, June 5 -Treasury Cabinet Secretary John Mbadi has indicated that the government may review the Affordable Housing Levy amid growing dissatisfaction from Kenya’s salaried employees. READ Jubilee Insurance Uncovers Sh400 Million Fraud Using AI Appearing before senators on Wednesday, Mbadi acknowledged the levy’s original intent to address the country’s housing crisis but admitted…
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Kenya Launches Bold Strategy to Anchor Economic Growth on Start-Up Innovation
NAIROBI, Kenya, June 6 – Kenya is stepping up its innovation game with a renewed push to solidify the country’s start-up environment as a key pillar of future economic growth. At the heart of this shift is a strategic drive to empower entrepreneurs, streamline access to resources, and position innovation as a national economic driver.…
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Afya Sacco Writes Off Sh361M Lost in KUSCCO Collapse
Afya Sacco Society has confirmed it has written off Sh361 million lost through investments in the embattled Kenya Union of Savings and Credit Co-operatives (KUSCCO), as part of its end-of-year financial review. The loss, which appears under the “receivables” section of Afya Sacco’s 2024 annual financial report, represents a significant financial hit. The Sh361,625,466 write-off…
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Gov’t Unveils Stringent New Rules to Regulate Gambling Ads
The Betting Control and Licensing Board (BCLB) has introduced a fresh set of stringent guidelines aimed at regulating gambling advertisements across all media platforms in Kenya. In a statement issued Thursday, the regulator said the new measures are designed to address the growing concerns over gambling addiction and the increased exposure of young people to…
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World Bank Urges the Taxman to Squeeze More From the Rich
A push by the World Bank could see Kenya’s highest earners pay more in taxes as part of sweeping fiscal recommendations to ease inequality and boost public revenue. In its latest Public Finance Review, the World Bank calls on the Kenyan government to adjust its personal income tax (PIT) policy by introducing a new top…
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Safaricom to Invest Sh66 Billion in AI Infrastructure Across East Africa
Safaricom has unveiled a bold $500 million (KSh66 billion) investment plan to develop and expand artificial intelligence (AI) infrastructure across East Africa over the next three years, in a bid to transform the region’s digital landscape. Announced during the Connected Africa Summit in Nairobi, the initiative is poised to revolutionize digital connectivity and open up…
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Why the World Bank Questions Kenya’s Tax Policy Effectiveness
Kenya’s recent push to raise revenue through higher taxes may fall short, the World Bank has warned in its latest Public Finance Review. The report highlights systemic flaws in the country’s tax regime, citing inefficiencies, a narrow tax base, and widespread evasion and avoidance as major hurdles to increasing revenue collection. Kenya’s tax productivity, defined…
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MojaEV, Green Max Team Up to Boost EV Adoption in Kenya
Electric vehicle distributor MojaEV has entered into a strategic financing agreement with Green Max Capital Advisors to scale up electric vehicle (EV) adoption in Kenya’s public transport sector. The partnership aims to accelerate the rollout of EVs for taxis, matatus, and buses by providing drivers with affordable, flexible financing options an initiative industry experts believe…
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Absa Bank Reports a 4% Growth in Net Profit in Q1 2025
Absa Bank Kenya has announced a 4 percent increase in net profit, reaching Sh6.2 billion for the quarter ending March 31, 2025. The bank attributes this performance to its operational resilience and strong customer confidence, despite a tough macroeconomic landscape. Total revenue for the quarter stood at Sh15.8 billion, reflecting a 4 percent year-on-year decline.…
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Kenya’s Economic Growth Slows to 4.7% in 2024 – KNBS Report
Kenya’s economy grew by 4.7 percent in 2024, marking a slowdown from the revised 5.7 percent growth recorded in 2023, according to the latest report by the Kenya National Bureau of Statistics (KNBS). The deceleration occurred despite solid performances in key sectors, underscoring the impact of broader economic challenges. The KNBS attributed the slowdown to…
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