Kenya

Elon Musk’s satellite internet firm, Starlink, has announced that it will launch its service in Kenya in the second quarter of 2023. Kenyans who want to access the service can …

According to the Central Bank of Kenya (CBK), the depreciation of the Kenyan currency implies a higher cost in shillings to finance imports A weak shilling also means the country …

Diaspora remittances withstood global headwinds last year, increasing by 9% to KES 453.6 billion in 11 months from KES 416.2 billion the previous year. According to Central Bank of Kenya …

Canadian company Iristel has announced its expansion into Kenya after winning a legal tussle against Safaricom. This expansion provides Iristel with a presence in Africa, as it looks to expand …

Kenyans have voiced their anger over the high cost of buying airtime through local banks. A spot-check by Capital Business shows that the Co-operative Bank of Kenya charges clients a …

Kenya has started enforcing vehicle importation restrictions as its revenue authority begins crushing dozens of unclaimed vehicles at the port and those that have not met the eight-year-old import limit. …

Safaricom is wary that the Kenya Revenue Authority (KRA) might use the current tax laws to hit it with taxes such as the capital gains tax (CGT) if it goes …

Vietnam’s economy grew by eight percent in 2022, driven by strong exports and retail sales, authorities said on Thursday.  Growth in the communist nation stuttered at around three percent for …

Norwegian start-up Wakandi has secured a regulatory licence from the Central Bank of Kenya (CBK) to provide digital payment services. The payment service provider (PSP) license will enable the firm …

The Competition Authority of Kenya (CAK) has punished consumer giant Unilever Kenya for revising payment terms with tens of its suppliers after a probe revealed the firm exploited smaller traders. …