Kenya Revenue Authority (KRA) has announced that it collected a record KSh32.1 billion in Value Added Tax (VAT) for the month of May 2025, the highest ever in the country’s …
Kenya
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BusinessCorruptionEastern AfricaEconomyFinance & ServicesKenya
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KenGen Boss Confirms Tribal Dominance in Company’s Workforce as Kenya Faces Ethnic Imbalance in Public Sector
The Managing Director and Chief Executive Officer of the Kenya Electricity Generating Company (KenGen), Abraham Serem, has admitted that two major ethnic groups dominate the workforce of the state-owned power …
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AfricaHealthcareInnovationKenya
Machakos Researchers Ask Senate for Protection Over Traditional Anti-Venom Innovation Dispute
Three researchers from Machakos County have taken their fight to the Kenyan Senate, seeking urgent protection for their rights to continue researching and commercializing a traditional, non-animal plasma-based anti-venom. The …
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AfricaEastern AfricaFinance & ServicesFintechKenyaKenya NewsMarkets
Kenya Clears Moniepoint’s Acquisition of Sumac Microfinance Bank
The Competition Authority of Kenya (CAK) has approved a planned acquisition by U.S.-based fintech company, Moniepoint Inc., which aims to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. …
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AfricaBusinessDevelopmentEastern AfricaEconomyEnergyInfrastructureINVESTMENTKenyaSouth AfricaTANZANIATransportation & LogisiticsUGANDAZAMBIA
TransCentury Returns to Profitability After Major Turnaround Strategy
TransCentury Plc, an infrastructure investment company based in Nairobi, Kenya, has returned to profit after facing financial challenges for several years. The company, which is listed on the Nairobi Securities …
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AfricaCryptocurrencyEventsFinance & ServicesFintechKenyaPoliciesTechnology
Kenya to Host Third Edition of Blockchain and Crypto Conference Backed by Binance
Kenya is set to host the third edition of the Kenya Blockchain and Crypto Conference, also known as KBCC 2025. The event, which will take place at the A.S.K Dome …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesGOVERNMENTKenyaKenyan News
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Over Debt, Lending Rates and Private Sector Struggles
The World Bank has revised its economic growth forecast for Kenya down to 4.5% for 2025, cutting half a percentage point from its earlier projection. The global lender cited rising …
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AfricaBusiness InsightsDevelopmentInnovationKenyaMarketsNigeriaReal EstateSouth AfricaUncategorized
Building Smart Cities: What Real Estate Professionals Must Know in Africa
The concept of “smart cities” is no longer a distant dream for Africa; it is a rapidly materializing reality that demands urgent attention from real estate professionals across the continent. …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyaNews
Standard Chartered Kenya Posts KSh20 Billion Profit Despite Drop in Assets
Standard Chartered Bank Kenya has reported a net profit of KSh20 billion for the 2024 financial year, showing a 45 percent increase compared to the KSh13.8 billion it made in …
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DevelopmentEastern AfricaEconomyEventsGOVERNMENTInfrastructureInternational RelationsKenyaKenya NewsMarketsSPORT
CMA Approves Sh47 Billion for Talanta Stadium Project Ahead of AFCON 2027
Kenya’s Capital Markets Authority (CMA) has approved a plan to raise Sh47 billion to fund the ongoing construction of the Talanta Sports Stadium in Nairobi. The stadium is one of …