Motorists in Nairobi will from Friday pay parking fees using a new system developed by the county as the local government parts ways with the Kenya Revenue Authority (KRA). Director …
EAST AFRICA
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Eastern AfricaEconomyTransportation & Logisitics
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Britam Holdings has posted a net profit of Sh667.5million for the half-year period ending June 30, a 77 per cent jump from Sh376 million posted in a similar period last …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomy
CAK Approves Zuku Owner and Foreign Firms Loans to pay TV providers
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 …
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BusinessEastern AfricaEconomyFinance & Services
Kenyan founded Fintech Pezesha Raises $11m in Pre-Series by Women’s World Banking Capital Partners
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 …
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Eastern AfricaEconomyFinance & Services
Kenya’s SportPesa has been awarded a license as BCLB withdraw from it position
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 …
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Eastern AfricaEconomyEnergy
Kenya Power Accused Of Locking Out Local Manufacturers In Procurement Process
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 …
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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 …
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AgricultureBusinessEastern AfricaFood Production
Sugar Production Rises by 15% Between January And July
Sugar production between January and July increased by 15% when compared with a similar period last year, compelling the sector regulator to cut imports by nearly half last month. Data …
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Eastern AfricaEconomyEnergyUncategorized
Aaron Ringera has been appointed as Non-Executive Director by Kenya Power 
The Kenya Power and Lighting Company PLC (KPLC) has appointed retired Justice Aaron Ringera as its non-executive director. In a statement released on Wednesday, August 24, the company’s acting secretary …
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AgricultureKenyaManufacturing & Consumer Goods
STIHL Group in Kenya Insects Sh500mn In New Hub To Support small scale Farmers
German manufacturer Stihl has injected Sh500milion into its new Nairobi hub in a bid to support small-scale farmers acquire farming equipment in Kenya and East Africa at large. The manufacturer of …