British billionaire Sir James Ratcliffe has entered the Kenyan car market with the appointment of a…
Category: Business News in Kenya
Importers race to beat anti-counterfeits law July 1 deadline
Importers and their agents are caught in a compliance race after the Anti-Counterfeit Authority (ACA) yesterday…
Ethiopia changes law for M-Pesa expansion
Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce…
IMF staff, Kenya reach deal to unlock Sh28bn loan
The International Monetary Fund(IMF) said on Monday that its staff had reached an agreement with Kenyan…
How politician and Nigerians wired Sh25bn in days
Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired…
Fresh fuel shortage: who’s fooling whom?
Less than 10 days since the government announced a triumphant end to the fuel shortage crisis, a…
Sanlam now the largest pension fund manager
Sanlam has overtaken GenAfrica as the biggest pension fund manager after taking over Sh46 billion National…
CBK orders banks to ration scarce dollars
The Central Bank of Kenya (CBK) has directed commercial banks to ration dollars following a shortage…
Troubled Metropolitan sacco under State probe
The Commissioner of Co-operatives David Obonyo has ordered investigations into operations of financially troubled Metropolitan National…
How $120 million ruby left Tanzania
A gold and diamond collection company at the centre of the debate on a $120 million…