Financial crimes watchdog flags Sh86bn in three years

Nairobi, Feb. 21 -- Kenyan investigative agencies flagged and investigated more than $591.36 million (Sh86 billion) generated from suspected illicit activities, including corruption, fraud and cybercr... Read More

Car & General unveils electric three-wheelers

Nairobi, Feb. 19 -- Car & General has introduced electric three-wheelers in the Kenyan market as it diversifies into the "green" mobility business amid a global push to address climate change and poll... Read More

Kenya moves to regulate Bitcoin trade on grey listing risk

Nairobi, Feb. 19 -- Kenya is working on new regulations to police trading in cryptocurrencies such as Bitcoin on growing fears that the increased transactions in virtual assets in the country could in... Read More

State to drop minimum tea prices as stocks pile up

Nairobi, Feb. 15 -- The government plans to drop the minimum price of $2.43 per kilogramme of tea sold at the Mombasa auction on continued outcry that sellers are stuck with stocks of unsold consignme... Read More

DTB forecasts fall in loan interest rates starting mid of current year

Nairobi, Feb. 15 -- Diamond Trust Bank (DTB Group) is tipping interest rates on loans to start falling in mid-year as inflation eases, and the shilling finds some muscle against the dollar in a move t... Read More

Bamburi to save Sh400m on power

Nairobi, Feb. 15 -- Bamburi Cement will save about Sh400 million annually from its power costs on completion of its two solar plants in Nairobi and Mombasa. The cement maker, is setting up a 14.5 meg... Read More

BAT cuts dividend as profit falls to Sh5.6bn

Nairobi, Feb. 15 -- BAT Kenya has reported a 19.2 percent drop in net profit growth to Sh5.57 billion in the year ended December 2023 blamed on reduced sales as increased taxes pushed consumers to ill... Read More

State's 21,000 acres on offer for food drive

Nairobi, Feb. 14 -- The Agriculture and Livestock Ministry has opened up 21,000 acres of idle land belonging to the National Youth Service (NYS) and Tana and Athi Rivers Development Authority (Tarda) ... Read More

Airtel Africa to build data hub in Nairobi after Nigeria project

Nairobi, Feb. 14 -- Airtel Africa plans to build a data centre in Nairobi, in what will become its second such facility on the continent after Nigeria as it moves to diversify its revenue streams. Th... Read More

Hire purchase lender Synergy to buy back Sh400m shares

Nairobi, Feb. 13 -- Hire purchase lender Synergy Industrial Credit wants to acquire part of its own shares valued Sh400 million, becoming one of the few non-listed firms to go this route. The firm, w... Read More