A digital asset platform called CBEX has collapsed, leaving thousands of Nigerians and Kenyans in shock after losing over $800 million in what investigators describe as a well-planned Ponzi scheme. …
Kenya is fast becoming one of Africa’s most attractive destinations for clean energy investment, with new figures from the Energy and Petroleum Regulatory Authority (EPRA) showing rapid growth in electric …
A new study has raised alarm over the future of Africa’s Business Process Outsourcing (BPO) industry as artificial intelligence (AI) continues to spread across global markets. The report by Caribou …
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
The Kenyan government is paying KSh 89 million every year in commitment fees for a COVID-19 loan that remains unused. This loan, obtained from international lenders to help the country …
The Council of Governors (CoG) in Kenya has issued a stern 14-day ultimatum to the National Treasury, demanding the immediate disbursement of Sh78.03 billion in delayed County Equitable Share funds …
Kenya is facing a rising wave of cyber threats, with reported incidents increasing by 27.2% in the second quarter of the 2024/2025 fiscal year. The Communications Authority of Kenya revealed …
Bayer East Africa has successfully revamped its Pharmaceuticals and Consumer Health business models in the region. Under the new model, Bayer is outsourcing transportation, local warehousing, distribution, and customer support …
Nairobi-based pan-African insurer, African Trade and Investment Development Insurance (ATIDI) has provided a political risk insurance cover for Globeleq’s 35 MW Menengai Geothermal power project in Kenya. This support will …
The International Monetary Fund (IMF) has reached a staff-level agreement with Kenya for a $976 million loan to support the country’s economic reform program. This agreement, announced today, aims to …
Chat us up