Kenya is set to add more electricity to its national grid as the federal government has approved the construction of the Olkaria VII Geothermal Power Project. The new project, expected …
kenya
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BusinessGovernanceInfrastructurePower & Energy,Technology
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BusinessDigital EconomyFinance & ServicesSafaricomStartupsTechnologyTrade and Commerce
Safaricom, PayPal Link M-PESA Wallets for Global Transactions
Safaricom’s M-PESA service has partnered with PayPal to allow Kenyans to move money easily between their mobile money wallets and PayPal accounts. The new partnership is expected to benefit over …
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BankingFinance & ServicesGovernanceKenyaRegional CooperationRegulation
CBK to Launch Deposit Guarantee Fund to Protect SACCO Depositors
The Central Bank of Kenya (CBK) has announced plans to set up a Deposit Guarantee Fund (DPF) worth KSh180 million to protect members of Savings and Credit Cooperative Societies (SACCOs) …
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DevelopmentDigital EconomyEconomyInnovationPoliciesPoliticsPublic OpinionTechnology
Kenya’s Trade Minister Says Country Now Leads Africa’s Digital Revolution
Trade Cabinet Secretary Lee Kinyanjui has declared that Kenya is now leading the charge in Africa’s digital transformation, citing strong gains in internet connectivity, digital innovation, and a shift away …
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Eastern AfricaEconomyFinance & ServicesGOVERNMENTInternational RelationsKenyaPolicies
Kenya Moves to Cut Budget Deficit, Eyes Fresh IMF Talks Amid Economic Pressure
The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …
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BusinessDigital EconomyEastern AfricaEthiopiaFinance & ServicesINVESTMENTKenyaKenya NewsSafaricomTelecommunications
Safaricom Makes History with Over $3 Billion Revenue, Eyes Bigger Growth in Ethiopia
Safaricom, the Nairobi-based telecoms and digital services provider, has made history as the first company in East Africa to surpass $3 billion in annual revenue. The firm’s financial results for …
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Banking, Finance & InvestmentEastern AfricaEconomy
Kenya’s cenbank to lift moratorium on new commercial bank licenses
The Central Bank of Kenya (CBK) has announced that it will lift the moratorium on the licensing of new commercial banks after almost ten years. This decision, set to take …
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AgricultureEastern AfricaPress Office
Kenya Land Dispute Shakes Tea Industry, Raises New Fears for Foreign Investment
A serious land dispute is currently shaking Kenya’s tea industry, as tension rises between local communities and foreign-owned tea estates in Nandi County. At the heart of the crisis is …
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BusinessCrimeCyber securityFinance & ServicesKenyaNigeriaTechnologyWestern Africa
CBEX Crash: $800 Million Crypto Scam Rocks Nigeria and Kenya
A digital asset platform called CBEX has collapsed, leaving thousands of Nigerians and Kenyans in shock after losing over $800 million in what investigators describe as a well-planned Ponzi scheme. …
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Eastern AfricaEconomyEnergyEnvironmentINVESTMENTKenyaTechnology
Kenya’s Green Energy Boom: EVs, Hydrogen and Autogas Drive Investment Surge
Kenya is fast becoming one of Africa’s most attractive destinations for clean energy investment, with new figures from the Energy and Petroleum Regulatory Authority (EPRA) showing rapid growth in electric …