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. …
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 …
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
The Kenyan government is paying KSh 89 million every year in commitment fees for a COVID-19 loan that remains unused. This loan, obtained from international lenders to help the country …
The Council of Governors (CoG) in Kenya has issued a stern 14-day ultimatum to the National Treasury, demanding the immediate disbursement of Sh78.03 billion in delayed County Equitable Share funds …
Oil marketer Rubis Energy Kenya converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into government bonds by the end of June as part of the State’s deal …
David Langat, a prominent Kenyan businessman and founder of the DL Group, one of East Africa’s major private conglomerates, has donated a $1-million private primary school in Koilot, located in Nandi …
San Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian tech billionaire Olugbenga Agboola, has unveiled plans to inject $50 million into Kenya, fueled by mounting confidence in the imminent …
According to the Central Bank of Kenya (CBK), the depreciation of the Kenyan currency implies a higher cost in shillings to finance imports A weak shilling also means the country …
Canadian company Iristel has announced its expansion into Kenya after winning a legal tussle against Safaricom. This expansion provides Iristel with a presence in Africa, as it looks to expand …