Keep up to date with business developments and opportunities in the region.
Pubs, entertainment and restaurants owners now want the government to make public findings of the vetting process, amid what they term “continued harassment” by law enforcers and losses from closure of businesses. Through their lobby–Pubs, Entertainment and Restaurants Association of Kenya (PERAK), they also want the state to provide adequate timeframe for businesses to engage…
Keroche Breweries, associated with Nakuru Senator Tabitha Karanja, and London Distillers are among 24 alcohol manufacturers that could lose their licenses in 21 days if they do not comply with the government’s listed guidelines to continue operating. Interior Cabinet Secretary Prof Kithure Kindiki said through a statement on Friday that only three manufacturers and distillers…
The Ministry of Energy and Petroleum has published a list of ongoing and completed power projects in Marsabit County after Gitson Energy Limited, a Kenyan diaspora energy firm, won an appeal for the release of all power projects in the devolved unit. The release follows a meeting organized by the Commission of Administrative Justice, Gitson…
As technology keeps advancing each day, it makes life easier but also poses significant risks to users’ safety and well-being in society. The internet and mobile technologies have opened new avenues for people to interact, exchange resources and experiences, and shape communities. Nevertheless, they have also provided instruments and ecosystems for the replication of the…
he Kenyan shilling gained 16 percent in the first quarter of 2024 to stand at a new high of 131.8 to the U.S. dollar at the end of March, the Central Bank of Kenya said Tuesday. The apex noted that the currency gained from 157 at the beginning of January, with the rise attributed to…
Kenya will allow private firms that enter the electricity distribution market to import power from neighbouring countries, putting pressure on power producers to cut wholesale tariffs. This is among the proposals by the Energy and Petroleum Regulatory Authority (Epra) to open the electricity distribution sector, spark competition with Kenya Power and boost service delivery to…
National Treasury has directed state corporations to re-submit their 2024–2025 recurrent expenditure budget, which has been rationalized to a level that is not more than 70 percent of the approved 2023–2024 budget. Treasury Cabinet Secretary Njuguna Ndung’u stated that the recurrent expenditure budget should be re-submitted through the Government Investments Management Information System (GIMIS) by…
Dimensions data is set to be rebranded to NTT DATA to increase investment opportunities in East and West Africa. In a statement, Dimensions Data stated that the move came into effect after receiving approval from the communications authority of Kenya. According to the Dimension Data Managing Director for East and West Africa, Richard Hechle, it…
Asset finance solutions provider Watu Credit has welcomed the publication of the draft national e-Mobility Policy. The company has committed to spending Sh1.3 billion for the transition of fossil-powered motorbike financing to e-bikes in the next seven years. Watu says that its goal aligns with the government’s agenda to transition from fossil-powered vehicles to electric…
Economists under the International Development Economics Associates Limited (IDEAs), are asking creditors extending trillions of shillings to African countries including Kenya to refrain from dumping expensive loans without care of how the money is going to be used. Calls for Africa to be wary of “yield-hungry” investors luring the continent into haphazard debts came up…
