Saturday, December 13, 2025
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James Oundo

Kenya to ban importation of electricals and electronics older than 12 years

Importation of electronics and electricals that are older than twelve years will soon be prohibited in Kenya. This is according to draft regulations by the National Environment Management Authority (NEMA). The draft regulations, says NEMA, are aimed at curbing the...

Sam Wanjohi loses Sh1.1 billion compensation in M-Pesa apps ownership fight

Software developer and innovator Sam Wanjohi has lost a Sh1.1 billion lumpsum that he was set to receive as compensation over the alleged usage of his ideas in the development of two M-Pesa apps. This is after the High Court...

State to issue Sh390 billion bond to ‘build’ SGR Malaba line

The government is planning to issue a Sh390 billion bond to fund the construction of the SGR Malaba line. This is according to the Cabinet Secretary for Transport Davis Chirchir. This will be Kenya's largest issued single bond. According to...

Tesla shareholders approve massive Elon Musk’s $1 trillion pay package

Tesla shareholders have approved a record-breaking $1 trillion pay package for the company's boss Elon Musk. The Elon Musk $1 trillion pay package was approved by 75 percent of the votes cast by shareholders during the company's annual general...

NSE crosses Sh3 trillion milestone for the first time in history

The Nairobi Securities Exchange (NSE) has crossed the Sh3 trillion milestone in market capitalization for the first time in history. Market data from the NSE shows that the local bourse made this achievement on Thursday November 6, 2025 when it...

Safaricom’s half year 2026 net profit jumps 52.1 percent to Sh42.8 billion

NSE-listed telecommunications firm Safaricom has announced a net profit of Sh42.8 billion in the first half of its 2026 financial year. This was a growth of 52.1 percent from the net profit of Sh28.1 billion that the company had...

KeNHA: Chinese consortium not yet approved to build Mau Summit toll road

The Kenya National Highways Authority (KeNHA) has come out to clarify that the consortium led by China firm China Road and Bridge Corporation (CRBC) and the National Social Security Fund (NSSF) has not yet been approved to start working...

Mbadi: Shilling to USD should be 118 but we’re artificially keeping it 129

National Treasury Cabinet Secretary John Mbadi has admitted that the government is currently artificially managing the Kenya Shilling exchange rate against the dollar at 129. CS Mbadi said on Tuesday that the Kenyan currency could have strengthened to 118...

Munga turns to wife to avoid auctioneers over multi-million ABC Bank loan

Businessman Peter Munga has managed to stall a looming auction of his Britam shares valued at over half a billion shillings over a defaulted ABC Bank loan. This is after the businessman's wife successfully asked the court to stop...

Equity Group Q3 2025 net profit jumps 32 percent to Sh54.1 billion

Equity Group has announced a Sh54.1 billion net profit for the first nine months of the year. The Equity Group Q3 2025 net profit was growth of 32.4 percent from the net profit of Sh40.9 billion that the banking...

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Trump Gold Card offering US Citizenship path goes on sale at Sh129 million

 The United States government has launched a program offering expedited visa processing for wealth foreigners. The program that is...
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