Business News
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Canal+ Set To Acquire MultiChoice in a Landmark $ 3B Deal
French media powerhouse Canal+ has received regulatory approval to acquire South African broadcasting giant MultiChoice in a landmark $3 billion ( Sh 390 billion) deal, setting the stage for a major shake-up in Africa’s media landscape. The decision by South Africa’s Competition Tribunal, announced on Wednesday, July 23, paves the way for Canal+ to become…
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BAT Kenya Doubles Dividend, Lures Income-Hungry Investors
British American Tobacco (BAT) Kenya has doubled its interim dividend to Sh10 per share on the strength of enhanced half-year results, after recording Sh4.3 billion. The dividend, up from Sh5 per share in the same period last year, offering shareholders consistent returns and banking on operational efficiency amid a challenging market. The company recorded post-tax…
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Why Crypto May Redefine How We Pay and Move Money in Kenya
When cryptocurrencies first entered Kenya in 2013, they stirred more suspicion than excitement. Traditional banks kept their distance. The Central Bank of Kenya (CBK) had issued a stern warning against their use in 2015, citing risks like fraud, volatility and the absence of regulation. But while the financial establishment hesitated, crypto enthusiasts forged ahead, turning…
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Wandayi Moves to Attract New PPP After Collapse of Adani Deal
Energy Cabinet Secretary Opiyo Wandayi has announced that the ministry is nearing completion of a new public-private partnership (PPP) deal in the energy transmission sector. Wandayi revealed that the project will be spearheaded by a consortium led by Africa50 and will focus on constructing two major transmission lines: Lessos–Lesuk and Kibos–Kakamega–Musaga. “There is another public-private…
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Safaricom Empowers Rift Valley Youth Through Business Accelerator Forum
Safaricom has equipped over 120 youth with entrepreneurial knowledge and skills to accelerate their businesses across the Rift Valley region. The program, dubbed ‘Grow with Safaricom’ Business Forum, is part of M-Pesa’s 18th anniversary celebrations, providing innovative financial and business solutions. The forum has also been held in other regions such as the Coast, Nairobi,…
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WoSA Deepens South African Wine Market Presence in Kenya
Wines of South Africa (WoSA) is expanding its market reach in Kenya following a wine tasting event in Nairobi. The event, including masterclasses, varietal tasting pods, and paired wine dinners, was all part of WoSA’s total strategy to expand the footprint of South African wines in East Africa. Matome Mbatha, WOSA Africa Market Manager said…
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Safaricom Wins Three Prestigious Awards. Here is Why
Safaricom has been recognized with three prestigious awards across gender inclusion, financial innovation, and e-commerce, reaffirming its leadership in fostering meaningful change for customers and communities. The National Gender and Equality Commission (NGEC) honored Safaricom’s Board of Directors at the USAWA Awards, recognizing their advancement of gender-balanced leadership through the inclusion of five women in…
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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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ATIDI Approves $84M Guarantee for Rwanda Airport Project Bonds
The African Trade and Investment Development Insurance (ATIDI) has approved a Sh10.8 billion ($84 million) counter-guarantee to support three local Rwandan banks and one regional bank in issuing bonds and guarantees totaling over Sh41.5 billion ($322 million). These guarantees have been extended to a joint venture of three contractors undertaking the construction of the New…
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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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Former UK Prime Minister Joins Goldman Sachs as Senior Adviser
Former UK Prime Minister Rishi Sunak is set to join Goldman Sachs as a senior adviser, marking his first major role since stepping down as Conservative Party leader following Labour’s landslide general election victory last year. The appointment signals a return to familiar territory for Sunak, who began his career at Goldman Sachs, working as…
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Konza-based Company Seeking to End Post Harvest Losses in Eastern Region
Growing up, Julius Muthui watched his parents and other community members struggle to preserve their harvests, especially fruits, in Kenya’s Lower Eastern region. Without proper storage facilities or access to reliable markets, many farmers faced losses during harvest seasons. Currently Muthui works with Goshen Farm Limited, a fruit exporting company based in Konza city. Initially,…
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Airtel Money Gains Ground As Mpesa Market Share Dips
Safaricom’s M-PESA lost its market share from 97 percent at the end 2023 down to 90.8 percent in Q1 2025 according to latest data from Communications Authority of Kenya (CA). On the other hand, Airtel Money’s market share continues to rise. Currently, Kenya’s second largest telco has gained a share of up to 9.1 percent…
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How to Invest in Treasury Bills in Kenya: A Beginner’s Guide
In a financial environment where risk and reward often go hand in hand, many investors are drawn to instruments that offer both security and steady returns. For those seeking a low-risk investment option, Treasury Bills (T-Bills) in Kenya present an attractive opportunity. T-Bills are short-term debt securities issued by the Central Bank of Kenya (CBK)…
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Kenya Airways Launches First Direct Flight to London Gatwick
Kenya Airways has launched its first-ever direct flight to London Gatwick, marking a major expansion in its UK operations and strengthening trade and tourism ties between Kenya and the United Kingdom. The inaugural flight, KQ108, departed from Nairobi’s Jomo Kenyatta International Airport (JKIA) at 11:45 PM on Tuesday, July 2, 2025. The launch was witness…
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How Livestock Sector Could Benefit From AI Technologies
Artificial Intelligence (AI) has been touted as a technology that has the potential to disrupt every aspect of life and economy in unprecedented ways. While this is true, since AI has begun this disruption, one sector in Kenya still operates in a brick-and-mortar model. That is agriculture. To some extent crop production has witnessed adoption…
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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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Kenya, UK Sign Agreement Unlocking Billions of Investment
President William Ruto and UK Prime Minister Keir Starmer have signed a renewed five-year Kenya-UK Strategic Partnership agreement aimed at unlocking over Sh427 billion in investments. According to a statement seen by JEDCA MEDIA, the agreement was reached following bilateral talks held in London. The investment package focuses on four key areas: As part of…
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