Cryptocurrency firms in Kenya have voiced strong opposition to provisions in the proposed Virtual Asset Service Providers (VASP) Bill, 2025, which would introduce heavy penalties and stricter compliance requirements for digital asset businesses. At t...
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. Announc...
Egyptian property technology (proptech) startup Nawy has raised a total of $75 million in funding to expand its operations across the Middle East and North Africa (MENA) region and enhance its artificial intelligence (AI) powered real estate services...
Equity Bank has terminated the contracts of 1,200 employees across Kenya, Uganda, and Tanzania after a forensic audit linked them to a complex Sh1.5 billion internal fraud scheme. The mass dismissal, which represents roughly 9 per...
More than 5,000 Kenyan companies have filed a class-action suit against the Kenya Revenue Authority (KRA) over what they describe as an unlawful and abrupt blacklisting from the Value Added Tax (VAT) system, triggering a legal sho...
Seven former employees of Invesco Assurance and Compliant Insurance Agency have been arraigned in connection with a Sh309 million fraud case, in what prosecutors describe as a coordinated scheme to siphon customer premiums. The ac...
The African School of Governance (ASG) has concluded its groundbreaking presidential tour across five African capitals, making a resounding entrance into the continent’s education and public policy space. A Tour Across Africa’...
The Kenya Revenue Authority (KRA) has announced the implementation of a new Current Retail Selling Price (CRSP) schedule for used motor vehicles imported into the country, effective July 1, 2025. The CRSP schedule is a critical co...
The Ministry of Agriculture and Livestock Development has taken swift action to protect local rice farmers under the Mwea Irrigation Scheme following concerns over the impact of rice importation on domestic sales. During a high-le...
Koko Networks has secured Sh23.21 billion ($179.64 million) from the World Bank’s Multilateral Investment Guarantee Agency (MIGA) to support its expansion and mitigate risks, including legal disputes and land seizures. The 15-ye...
Electric mobility firm ARC Ride has secured Sh660 million (US$5 million) in funding from British International Investment (BII) to accelerate the deployment of electric motorcycles and battery-swapping infrastructure across Nairob...
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 accelera...
Agriculture Cabinet Secretary Mutahi Kagwe has called for urgent and sustained investment in Kenya’s agricultural sector, describing it as an economic imperative and a moral responsibility. Speaking at the FINAS-2025 (Financing ...
The Betting Control and Licensing Board (BCLB) has partnered with the Association of Gaming Operators of Kenya (AGOK) to launch a national campaign dubbed “Chukua Control”, aimed at sensitizing Kenyans on the dangers of gambli...
Kenyan households are facing sharply higher costs for essential commodities such as fertilizer and cooking oil, driven by price manipulation orchestrated by cartels, according to a new report from the Common Market for Eastern and...
