Eastern Africa

Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.20(Sh262.13) up from USD2.22(Sh264.51) last week. …

The Kenya Revenue Authority (KRA) has opened investigations against food producer Kakuzi over allegations of paying less tax as a result of cross-border financial deals with its majority shareholder Camellia …

NCBA Group has launched Sh2billion electric vehicle financing deal for its customers as part of its green finance strategy. The five-year deal will see customers enjoy asset financing of up …

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 …