One of Safaricom's top investors has sold hundreds of millions of shares in protest. The investor, who has been identified as FMR LLC - which also trades as Fidelity Institutional Asset Management - sold 600 million shares in protest...
The Kenya shilling has extended its gains against the US dollar after months of losing value.
As at February 14, 2024, the Central Bank of Kenya was officially quoting the shilling at 156.7076 against the US dollar.
The recovery was also...
Former National Treasury Cabinet Secretary Henry Rotich has landed a top position in the government of President William Ruto.
Rotich has been appointed by the President as the Senior Advisor on Fiscal Affairs and Budget Policy.
This position was being held...
Kenya has acquired 300 SGR wagons. The first batch of 50 wagons have already arrived and were officially received by Transport Cabinet Secretary Kipchumba Murkomen.
The 50 SGR wagons are expected to facilitate the operations of the Madaraka Express freight...
Telecommunications firm Safaricom has announced that Kenyans will no longer be able to send money from their M-Pesa to unregistered mobile numbers.
According to the announcement by Safaricom, this will take effect from February 5, 2024.
"Effective February 5th, 2024, you...
The depreciation of the Kenya Shilling against the US dollar has continued unabated among commercial banks and forex bureaus.
The shilling is now closer to hitting 170 against the US dollar in bureaus and commercial banks even as the official...
Kenya has discovered large deposits if coltan, the mineral that is used to manufacture phones. This has been announced by Mining and Blue Economy Cabinet Secretary Salim Mvurya.
"It is now official. We have coltan deposits in the country and...
The assets owned by Kitui Flour Mills are set to cross the Sh. 1 billion mark. This follows the acquisition of Rafiki Millers Limited which has now been given the greenlight by the Competition Authority of Kenya (CAK).
Kitui Flour...
The Kenya Revenue Authority (KRA) has spared small business owners, small sole proprietors, and farmers from eTims invoices.
According the KRA, the eTims regulations will not apply to small businesses with an annual turnover of less than Sh. 5 million.
This...
In a dazzling display of recognition and appreciation, Fanaka Real Estate, a prominent player in the real estate industry, recently held a grand celebration to honor and reward its Employee of the Year.
The event, which took place amidst an...
