For the first time, Safaricom has locals at the helm of its leadership after John Ngumi…
Category: Business News in Kenya
End of Kenya Power monopoly
Kenya Power monopoly nearing end as ministry splits supply role. Kenya Power is marked for a…
Inflation hits 8.3pc on soaring food and fuel prices
Kenya’s inflation climbed to a 61-month high in July on soaring food and fuel prices as…
680 Hotel sold to Maanzoni in Sh1.2bn deal
The billionaire owner of 680 Hotel in Nairobi’s city centre has sold the three star-facility to…
KenGen to branch into fertiliser production
State-owned Kenya Electricity Generating Company (KenGen) has revealed plans to set up a fertiliser plant at…
CBK warns Flutterwave and Chipper Cash not licensed to operate in Kenya
The Central Bank of Kenya (CBK) has said payments fintech Flutterwave and Chipper Cash are not…
Kenya flags betting jackpots for money laundering
The mega jackpots paid to punters in Kenya have been flagged as possible avenues for laundering…
CBK blocks interest-free Lipa na M-Pesa loan plan
The Central Bank of Kenya (CBK) blocked the launch of a Safaricom-backed zero-interest credit service for…
How banks are making Sh1 billion profits daily
Commercial banks are making nearly Sh1 billion daily in profits this year, reaping the benefits of…
Treasury targets car dealers in fight against suspicious transactions
The National Treasury wants car dealers to be legally compelled to report suspicious transactions as part…