Keep up to date with business developments and opportunities in the region.
Patients using National Health Insurance Fund (NHIF) cards to pay for treatment were Tuesday left stranded following a system outage that lasted hours. Thousands of patients were forced to make cash payments or wait until the services were restored. Inquiries revealed that the system outage was first reported on Monday evening and had not cleared…
Kenya will require at least Ksh11 billion (about $83 million) as the initial cost of developing the country’s first nuclear research reactor in what is expected to be the stepping stone towards future nuclear power production. Research reactors are nuclear reactors used for research, education and training. Nuclear Power and Energy Agency (NuPEA), the State…
Kenya has defied a global funding drought for budding companies to post a 17 percent increase in new start-up investments, toppling Nigeria and Egypt as the continent’s largest destination for start-up financing. In 2023, 62 Kenyan start-ups raised an estimated $673.78 million from local and international investors, a rise from the $574.8 million raised in…
Former Scangroup CEO Bharat Thakrar has sued the firm’s UK-based parent WPP Plc, its subsidiary WPP Scangroup, and all its directors in a Nairobi court for alleged loss and reputational, emotional and mental damage linked to the events that followed his suspension from the company he founded. He is seeking more than half a billion…
Cargo heading to South Sudan is piling up at the Port of Mombasa due to a dispute over a new mandatory tax. This is after Kenya customs agents rejected the electronic cargo tracking note (ECTN) introduced by the South Sudan Revenue Authority Commission last week. On Saturday, Kenya International Freight and Warehouse Association (KIFWA) said…
Millions of existing Kenya Power customers will be tied to the power utility indefinitely despite the State opening up the electricity distribution market to other firms. The Energy (Electricity Market, Bulk Supply and Open Access) Regulations, 2024 have barred the existing Kenya Power customers from decamping to other firms set to enter the electricity distribution…
Fitch upgraded its credit rating for UK government debt from “negative” to “stable” Friday, citing easing economic policy risks, while reaffirming the country’s AA- rating. The US ratings agency’s decision will likely be well-received by British Prime Minister Rishi Sunak, whose Conservatives badly trail the main opposition Labour party in polls ahead of local elections…
Anwar Soussa, the outgoing Safaricom Ethiopia CEO. Source: Twitter Anwar’s tenure lasted under two years. Safaricom Ethiopia has also not revealed who will take over his position. Safaricom Ethiopia’s CEO, Anwar Soussa, is leaving the company. Anwar joined Safaricom in August 2021, and his exit from the company will take effect at the end of…
