Uchumi Supermarket PLC has recorded a rare legal victory after the High Court awarded it KSh26.7 million in special damages over a commercial dispute with former franchise partner, Aljazeera City …
Protests broke out in Nairobi on Monday and Tuesday following the death of Kenyan blogger Albert Ojwang, who was found dead while in police custody. The police initially claimed Ojwang …
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 …
Kenya Commercial Bank (KCB) Group has announced that it made a net profit of KSh16 billion in the first quarter of 2024, which is the same amount the bank made …
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 …
The EIB has revealed a strategic partnership with top Kenyan banks to strengthen the nation’s private sector, offering a substantial lift to SMEs. This partnership aims to improve finance accessibility, …
The Central Bank of Kenya (CBK) plans to revise the Payment Systems Act to improve the regulatory framework and foster innovation in the country’s financial sector. These changes are a …
U.S. President Joe Biden is expected to officially acknowledge Kenya as a major non-NATO ally during Kenyan President William Ruto’s upcoming three-day state visit to the United States. A source …