Many global firms are downsizing or pulling out of Kenya largely due to high taxes and unpredictable policies. Further, despite their resilience, businesses in the country are grappling with weakened …
Kenya
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Kenya loses $200 million amidst oil dispute with Uganda
by Editorby EditorKenya and Uganda have been at odds with each other since October last year, over the future of their respective energy industries. Uganda said in November that it will begin …
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Rubis takes Sh4.7bn bond as payment for fuel subsidy
by Editorby EditorOil marketer Rubis Energy Kenya converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into government bonds by the end of June as part of the State’s deal …
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Kenyan billionaire David Langat donates $1-million school to rural area
by Editorby EditorDavid Langat, a prominent Kenyan businessman and founder of the DL Group, one of East Africa’s major private conglomerates, has donated a $1-million private primary school in Koilot, located in Nandi …
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Kenyan banker Gideon Muriuki spends $1.2 million acquiring new Co-op bank shares
by Editorby EditorGideon Muriuki, CEO of Co-operative Bank of Kenya, purchased 14.6 million shares worth Sh173 million ($1.2 million) in the first half of 2023, boosting his ownership to a two-percent stake in …
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Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
by Editorby EditorSan Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian tech billionaire Olugbenga Agboola, has unveiled plans to inject $50 million into Kenya, fueled by mounting confidence in the imminent …
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UAE beats India in doing business with Kenya, China remains King
by Editorby EditorKenya has seen a significant shift in its import sources, with the United Arab Emirates (UAE) now being its second-largest import partner after China. This change has displaced India’s position …
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Kenya Airways Revamps Inflight Dining Experience
by Editorby EditorKenya Airways (KQ) revealed a new inflight dining experience today for its Business and Economy Class cabins on select long and medium-haul flights. The updated service includes a fresh menu …
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Redstor in Kenya to empower MSPs amid growing cloud adoption
by Editorby EditorRedstor, a cloud-based software provider, is increasing its efforts in Kenya to meet the rising demand for cloud and software-as-a-service solutions in the region. According to the “Cloud in Africa …
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Kenya To Leverage On Consumer Segments To Attract Chinese Tourists
by Editorby EditorKenya’s tourism marketers said Thursday they will capitalize on outdoor and nature-based tourism experiences in a bid to increase tourism numbers from the growing Chinese market. Francis Gichaba, the chairperson …