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Kenya cancels France backed Mau Summit toll highway contract

Nairobi, April 30 -- Kenya has cancelled the contract for the construction of the Nairobi-Nakuru-Mau Summit toll road, citing among other things, high toll fees proposed by the French contractors. A ... Read More


Cigarette companies lobby to stop higher taxes on tobacco

Nairobi, April 29 -- BAT Kenya wants the State to spare the new non-combusted cigarettes from higher 'sin tax' as tobacco manufacturers begin to lobby against heavy taxation following a year of reprie... Read More


Kenya seeks US support in fresh hunt for cheap loans

Nairobi, April 24 -- Kenya is now seeking the assistance of the US government to navigate through its cash crisis by accessing cheap loans from the global financial markets. Nairobi is seeking a sove... Read More


Kenya economy to overtake Angola's in IMF forecast

Nairobi, April 23 -- Kenya will overtake Angola to become the fourth largest economy in sub-Saharan Africa this year, behind South Africa, Nigeria, and Ethiopia, a forecast by the International Moneta... Read More


Landlords to reserve special slots for electric car chargers in new law

Nairobi, April 18 -- Owners of malls, factories, gated communities, and apartments will be required to reserve at least five percent of their parking space for charging electric vehicles (EVs) as the ... Read More


How Narendra Raval quietly secured exclusive iron ore deal in Uganda

Nairobi, April 17 -- Playing politics is becoming a second successful game for steel tycoon and fortune reader Narendra Raval. Days after declaring President William Ruto should serve for 25 years, i... Read More


Why Chinese expats and imports continue to drop

Nairobi, April 15 -- Chinese expatriates and earnings from China firms in Kenya have dipped as Beijing continues to recalibrate its relations with the continent amid high debt levels in most African c... Read More


Why Chinese expats and China firms' earnings continue to drop

Nairobi, April 15 -- Chinese expatriates and earnings from China firms in Kenya have dipped as Beijing continues to recalibrate its relations with the continent amid high debt levels in most African c... Read More


Why big deep-pocketed banks sought rescue loans from CBK

Nairobi, April 13 -- Large banks, including those with deep-pocketed multinational parents, were last year forced to seek rescue loans from the Central Bank of Kenya (CBK), pointing to a major liquidi... Read More


CEO's uphill task selling Weetabix as Kenyan adults' breakfast option

Nairobi, April 10 -- Weetabix, the all-nutritious cereal biscuits, may be a popular whole family breakfast option across most global markets where they are sold, but in Kenya consumers have consigned ... Read More