M-Pesa users will escape the pain of making cash withdrawals from incorrect agent shops after Safaricom…
Category: Business News in Kenya
Ruto puts Uhuru’s most expensive road on hold
President William Ruto has put the construction of the Sh160 billion Mau Summit highway on ice,…
Rising fraud suits put banks on the spot over tried, tested due diligence
A growing number of commercial banks in Kenya are battling court cases for allegedly abetting fraud…
Respite for Cytonn investors as court orders liquidation
The troubles facing Cytonn Investments have worsened after a judge ordered the liquidation of its investment…
Safaricom reveals tax fears in plan to hive off M-Pesa
Safaricom is wary that the Kenya Revenue Authority (KRA) might use the current tax laws to…
Kenya Power sheds 522 jobs in cost-cutting plan
Kenya Power laid off 522 workers in the financial year to June last year amid restructuring…
KenGen eyes 2,000MW from geothermal, hydro sources
Kenya Electricity Generating Company (KenGen) plans to scale up the deployment of renewable energy in the…
John Ngumi quits Safaricom board chairmanship after 5-month stint
Safaricom board chairman John Ngumi has resigned from role after serving less than six months. According…
Kenya Power 17-minute system hitch costs Rubis Sh8.7bn deal
A procurement tribunal has nullified a Sh8.7 billion fuel supply deal won by French oil marketer…
Tanzania takes on Kenya with Sh271bn SGR link to DRC
Kenya’s plan to control East Africa’s logistics corridor has been put to a fresh test after…