EAST AFRICA

The family of Peter Mukuha Kago –the founders of supermarket chain Naivas— has pocketed an estimated $32.29 million (Sh3.8 billion) from the sale of an 8.5 percent stake to a …

 Total Energies Kenya has reported a 55 per cent drop in earnings for the half year ended June 30 attributed to the high cost of crude oil globally and a …

Consumers endured the sharpest rise in the cost of living in more than five years in August, amid a failed maize flour subsidy, rising fuel costs and a weakening shilling. …

The Competition Authority of Kenya(CAK) has approved the conversion of loans advanced by three foreign firms to internet and pay TV provider, Wananchi Group into equity shares. The companies, Triple …

Kenyan founded Pan-African embedded finance Fintech Pezesha has raised a pre-series A funding round of $11 Million in a mix of $6 million equity and $5 million debt. The round …

SportPesa has been awarded a license to operate in the current financial year ending June 2023, ending years of regulatory and court battles pitting the firm against the Betting Control …

The Energy Meter Assemblers and Manufacturers Association is protesting being locked out of the procurement of power distribution products by energy utility firm Kenya Power. The Association in a letter …

The National Hospital Insurance Fund (NHIF) has dropped its bid to have workers earning more than Sh100,000 pay more in monthly contributions, easing the financial strain on top earners and …

National carrier Kenya Airways has trimmed its half-year loss to Sh9.9billion from a Sh11.5billion loss posted in the same period last year attributed to increased revenues. The Group’s total revenue …

Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen for an undisclosed value, deepening the auto firm’s interest in the growing clean energy market and …