Keep up to date with business developments and opportunities in the region.
A groundbreaking transformation is underway in Kisumu city with the introduction of the Lumumba estate affordable housing project, valued at Sh5.2 billion. This initiative marks a significant step towards addressing the pressing housing challenges in the lakeside city. With plans for similar projects across four subcounties in Kisumu, this plan promises to reshape the housing…
Kenya’s journey to becoming a global industrial powerhouse is on course, President William Ruto has said. He cited the current robust investor confidence, saying it is attracting substantial foreign and local investments and elevating the country’s industrial agenda. “Our Special Economic Zone programme is coming of age, vindicating its driving visionof mobilising private investment as…
Former Treasury CS Ukur Yatani has been arrested. The arrest comes after detectives from the Ethics and Anti-Corruption Commission conducted major raids on his home and that of Marsabit Governor Mohamud Ali. The raids were conducted at their Nairobi and Marsabit homes. Yattani served as Marsabit governor before being appointed CS by Former President Uhuru…
What’s more important for success – IQ or EQ? Do you need one or both; and what’s the right mix? How should you even define success nowadays? Profit, sustainability? Where do community and diversity fit in? There’s no doubt that leaders, managers and employees are all being judged by a new yardstick. Not just by…
Women entrepreneurs and startups in Kenya are set to benefit from €30 million (Sh4.2 billion) in new lending, following a partnership between KCB Bank Kenya, The Bill & Melinda Gates Foundation, and the European Investment Bank. The funds have been availed by The Bill & Melinda Gates Foundation and the European Investment Bank, to be disbursed through…
Kenyans using Opera Mini have been hard-hit after Opera stopped its free data campaign, which allowed its consumers of limited means to enjoy free data bundles to access the internet. The firm, which operates the Opera Mini Browser, has been affected by local authorities’ decision, including the Betting Control and Licensing Board, to stop advertising…
The Kenya shilling has recorded another drop in its value in the forex markets in the last two days of the week between April 14 and April 20. The drop in the forex markets is indicative of an increased demand for dollars in the forest market, which is not reflected in the CBK indicative rates,…
he bitcoin market on Friday engineered the “halving” of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money. “The 4th #Bitcoin halving is complete!,” announced cryptocurrency exchange Binance on X, the former Twitter. “The countdown has been reset — see you in 2028.” Bitcoin is created…
One of the pet subjects for each successive government since the fall of the Kanu regime has been on the urgent need to reduce the bloated wage bill. President William Ruto has warned that he is ready to make some of the toughest decisions to ensure the government tackles the ballooning public wage bill. The…
Agriculture, environment and workers’ rights took centre stage in the Kenya-US trade talks , with the former seen to push for a deal before November. This comes amid concerns that this year’s US Presidential elections could further derail the process, with a possibility of pushing talks into 2025 when the African Growth and Opportunity Act…
