Dairy board freezes milk powder importation

Nairobi, March 8 -- Milk processors have been protected from competition after the Kenya Dairy Board ordered the indefinite suspension of milk powder imports. The regulator said rains are expected th... Read More

Italians top buyers of Kenya prime real estate

Nairobi, March 8 -- Wealthy Italians are leading the list of high-net-worth individuals buying prime residential properties in Kenya, a new report shows. The wealth report compiled by property firm K... Read More

Mauritian company buys out Rongai transport firm

Nairobi, March 6 -- Mauritian conglomerate Rogers Group has acquired Rongai Workshop & Transport Limited through one of its subsidiaries Velogic Logistics as part of its regional expansion strategy. ... Read More

KenGen, National Oil eye joint e-vehicle charging hubs

Nairobi, March 3 -- Power producer KenGen plans to collaborate with the National Oil Corporation of Kenya (NOCK) to instal electric mobility charging infrastructure at some of the latter's petrol stat... Read More

Reinsurance firm signs up 18 underwriters

Nairobi, March 2 -- Reinsurance firm WAICA Re Kenya says it has signed up 18 primary underwriters with whom it shares risks since it opened shop in October 2018. The company is a subsidiary of the WA... Read More

Unga Group sinks into Sh131.3m loss on increased cost, inflation

Nairobi, March 1 -- Listed food processor Unga Group has reported a loss of Sh131.3 million for the six months to December 2022, reversing a profit of Sh8.4 million in the previous year, on increased ... Read More

Two-thirds of listed firms reporting on sustainable practices

Nairobi, March 1 -- Two-thirds of listed companies are reporting on environmental, social and governance (ESG) scores, a process which lagged one year after firms were required to disclose enforcement... Read More

KRA moves its domestic tax unit to Sameer complex

Nairobi, Feb. 28 -- The Kenya Revenue Authority (KRA) has relocated its domestic taxes enforcement unit from the taxman's headquarters at the Times Towers to Sameer Business Park along Mombasa Road. ... Read More

VC Partech raises Sh30bn for Africa investments

Nairobi, Feb. 27 -- Venture capital fund Partech Africa has raised 230 million Euros (Sh30.8 billion) for investing in technology companies in the continent including Kenya, Nigeria and South Africa. ... Read More

James Finlay banned by Starbucks in tea plantation sex scandal

Nairobi, Feb. 24 -- Beverage firm Starbucks has stopped purchasing tea from Kenya's James Finlay and Company which was part of agricultural operations that has been engulfed in a sex scandal exposed b... Read More