Eastern Africa

The purchasing power of Sh1,000 has fallen by nearly half in the past 10 years of President Uhuru Kenyatta’s administration, hitting household budgets hard due to slower growth in wages. …

Safaricom Plc, the Kenyan mobile-phone company that counts Vodafone Group Plc as its biggest investor, plans to revamp its corporate structure in the next two years to make it easier to expand …

The Kenya Association of Manufacturers (KAM) has urged the government to put in place measures that will enable the country to enjoy full benefits from Africa Continental Free Trade Area …

Insurance firm Sanlam Kenya narrowed its net loss to Sh287.7 million in the half year ended June on the back of a lower tax bill and reduced expenses. The company …

Sugar miller Nzoia Sugary Company is expected to resume production this Sunday after President Uhuru Kenyatta announced a Sh500 million bailout that will help the firm pay arrears that it …

Traders can heave a sigh of relief after the Kenya Revenue Authority extended the compliance deadline to switch the new Electronic Tax Registers(ETRs) to September 30. KRA had initially set …

4G Capital, an award-winning neobank powering micro and small business growth in Africa, announced their go-live on Mambu‘s leading cloud banking platform.  4G Capital provides unsecured business loans along with enterprise training …

 KCB Group has announced plans to acquire a majority stake in a DRC-based TMB Bank marking its entry into the country with a population of over 93 million people. The …

The Capital Markets Authority (CMA) has questioned the chief executive and finance director of listed food producer Kakuzi over allegations of shifting profits abroad and conflict of interest by its …

Low rainfall, high cost of fertilizer and seeds, and high fuel prices hindered production in the agricultural sector in July, a new survey has shown. According to the Agriculture Sector …