July 18, 2023 Starlink, the groundbreaking satellite internet service, has made its entry into the Kenyan market. This move follows its successful expansion into other African countries, including Nigeria, Mozambique, Rwanda, and Sierra Leone, as announced by CEO Elon Musk earlier this year. On July 18, 2023, Musk took to Twitter to announce the inclusion […]

July 27, 2023 Safaricom has recently launched an innovative zero-interest credit service, named Faraja, designed to facilitate the purchase of goods up to Sh100,000. The initial block by the financial regulator caused much anticipation, but the service is now set to shake up the mobile loans market dominated by products like Fuliza, a mobile overdraft […]

July 19, 2023 Safaricom Plc and TerraPay (Mobex Kenya) have formed a strategic partnership to empower over 32 million M-PESA customers with the ability to easily send and receive money to Bangladesh and Pakistan. With a combined population exceeding 200 million people, this collaboration opens up a wealth of financial opportunities for Safaricom users, providing […]

July 20, 2023 The Kenya Pension Funds Investment Consortium (KEPFIC) is actively reviewing a diverse range of infrastructure and alternative investment proposals, collectively valued at over Ksh. 700 billion. These proposals have been submitted by project sponsors and fund managers, who are seeking capital from local retirement benefits schemes. This move comes as pension schemes […]

July 25, 2023 Car&General (Trading) Limited has received approval from the Competition Authority of Kenya (CAK) to fully acquire Cummins C&G Holdings, meeting all the necessary regulatory requirements. Cummins C&G Holdings, based in Mauritius, is primarily involved in distributing power generators and diesel engines, maintaining power equipment, and selling filtration equipment and coolants. On the […]

July 20, 2023 BAT Kenya Ltd, the only listed cigarette maker in Kenya, reported a 3.5% decline in net profit for the half-year period ending on June 30, dropping from Ksh 2.9 billion to Ksh 2.8 billion. Additionally, their pretax profit decreased by 4%, falling from Ksh 4.2 billion to 4 billion, and net revenue […]

In a bid to explore investment opportunities and strengthen trade relations, a delegation of 30 Saudi Arabian companies has arrived in Nairobi, Kenya. The visit is expected to boost bilateral trade between the two countries and open up new avenues for economic cooperation. The delegation, led by prominent Saudi’s Minister of Investment Khalid Al-Falih, is […]