Business

Safaricom has unveiled plans to invest Sh66 billion over the next three years to develop artificial intelligence (AI) infrastructure throughout East Africa. Click here to join our WhatsApp Channel The initiative will prioritize the enhancement of digital systems, strategic partnerships with both local and global tech firms, and the acceleration …

The Kenya Electricity Generating Company PLC (KenGen), a government-owned power producer, announced on Wednesday its intention to scale back reliance on hydropower due to its vulnerability to erratic rainfall, aiming to enhance the country’s energy resilience. Click here to join our WhatsApp Channel KenGen CEO Peter Njenga stated that hydropower …

The National Transport and Safety Authority (NTSA) has instructed all Public Service Vehicle (PSV) operators to eliminate graffiti and unauthorized artistic designs that obscure vehicle identification. Click here to join our WhatsApp Channel According to the authority, these embellishments often hide the names of the SACCOs or companies the vehicles …

President William Ruto has announced that the government will set aside KSh500 million in the upcoming financial year to address illegal electricity connections in Nairobi’s informal settlements. Click here to join our WhatsApp Channel These unauthorized connections have been linked to several fire outbreaks that have destroyed homes and caused …

Kenya is aiming for a 27 percent increase in tourist arrivals from Uganda, with a goal of reaching 300,000 visitors by the end of 2025. Click here to join our WhatsApp Channel This initiative leverages strong cultural connections, improved transport infrastructure, and visa-free travel across Africa, which are expected to …

Kenya Power has been authorized to proceed with a Sh1.2 billion transformer procurement following a ruling by the Public Procurement Administrative Review Board (PPARB), which dismissed objections raised by two local manufacturers. Click here to join our WhatsApp Channel The contract, exclusively reserved for local suppliers, involves the delivery of …

KCB Group Plc has posted a net profit of Sh16.53 billion for the first quarter ending March 2025, maintaining performance levels from the same period last year, when it recorded Sh16.48 billion, despite a tough economic climate. Click here to join our WhatsApp Channel Total revenue rose by 2 percent …

NCBA Group’s net profit rose by 3 percent to Sh5.5 billion in the first quarter of 2025, up from Sh5.3 billion during the same period in 2024. Click here to join our WhatsApp Channel The growth was largely fueled by the strong performance of NCBA Bank Kenya, which accounted for …

The government has imposed a three-month freeze on the registration of new Savings and Credit Cooperatives (Saccos) to allow for major reforms aimed at tackling fraud and strengthening oversight in the sector. Click here to join our WhatsApp Channel Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya announced the moratorium following …

Kenya’s milk production is projected to grow to 3.4 billion liters annually by 2028, driven by efforts from the Nourishing Prosperity Alliance: Forage for Animal Growth in East Africa (NPA-Forage)—a consortium of private sector stakeholders in the dairy industry. Click here to join our WhatsApp Channel This represents a potential …