Executives at Safaricom Ethiopia, a subsidiary of Kenya’s telecommunications giant Safaricom, have expressed concerns over what they describe as “monopolistic practices” by Ethio Telecom, Ethiopia’s state-owned telecom provider. In a recent meeting with Ethiopian lawmakers, Safaricom executives emphasized the need for equal access to open platforms and more competitive policies to ensure a level playing […]

Overview of Base Titanium’s Operations in Kenya Base Titanium, a Kenyan subsidiary of Australia’s Base Resources, has announced its plans to wind down operations in Kwale County, where it manages the country’s largest mining project. Operating since 2013, the Kwale Mineral Sands Project focuses on extracting ilmenite, rutile, and zircon—critical minerals for industries like ceramics, […]

Kenya’s Special Economic Zones (SEZs) have emerged as critical engines of economic growth, directly creating over 7,000 jobs and contributing KSh 91 billion to the nation’s Gross Domestic Product (GDP) in the last year. These figures, shared by Juma Mukhwana, Principal Secretary for the State Department of Industry, highlight the transformative potential of SEZs in […]

Kenya has marked a historic milestone in its economic landscape by hosting its first-ever Mining Investment Conference and Exhibition in 2024. The two-day event, held in Nairobi, brought together a diverse range of stakeholders, including policymakers, investors, artisanal miners, NGOs, and equipment dealers, signaling the country’s commitment to positioning itself as a premier mining investment […]

Kenya’s Capital Markets Authority (CMA) has approved Safaricom’s second money market product, Ziidi. This new product, set to launch next week, is being developed in partnership with Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited. Ziidi aims to address Kenya’s growing appetite for accessible digital investments, leveraging Safaricom’s extensive mobile network […]

Standard Chartered Bank Kenya has reported a remarkable performance for the nine months ending September 2024, posting a net profit of KSh 15.8 billion, a 63% increase compared to KSh 9.7 billion in the same period last year. The robust growth reflects a strong performance across various income streams and a strategic focus on operational […]

Adani Energy Solutions (AES), a prominent player in the Indian energy and infrastructure sector, announced that Kenya’s recent decision to cancel a $736 million transmission line project would have no material impact on the company’s operations. This clarification followed media reports and inquiries from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) […]

Exporters and business professionals in Kenya are being encouraged to fully exploit the opportunities presented by the newly formalized Kenya-European Union Economic Partnership Agreement (EPA). This landmark trade deal is expected to significantly enhance Kenya’s trade and investment ties with the European Union (EU), foster economic diversification, boost competitiveness, and attract substantial investments. Strengthening Trade […]

The Central Bank of Kenya’s (CBK) DhowCSD platform has been recognized globally by winning the Payments and Market Infrastructure Initiative Award from Central Banking, an authoritative journal on central banking policies and practices. This accolade highlights the significant strides Kenya has made in democratizing access to government securities trading and modernizing its financial market infrastructure. […]