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Why IMF study favours mobile money, power data for Kenya GDP forecasts

Nairobi, Feb. 23 -- Monthly data on mobile-money transactions, electricity, and vehicle production reflect Kenya's economic output more accurately, a team of researchers at the International Monetary ... Read More


Nedbank guaranteed controlling 51.1 percent stake in NCBA

Nairobi, Feb. 23 -- South Africa's Nedbank is guaranteed to secure a controlling stake of at least 51.17 percent in NCBA Group after receiving additional acceptances from top shareholders of the Kenya... Read More


Comesa's Meta probe raises local AI bots control stakes

Nairobi, Feb. 23 -- The future of artificial intelligence (AI) use in Africa's digital economy is under scrutiny in the wake of an investigation by the Comesa Competition and Consumer Commission (CCCC... Read More


Banker sacked over suspect cash dealings in personal account

Nairobi, Feb. 23 -- A former top employee of Access Bank has lost a bid to overturn her dismissal by the lender over suspected fraud. The Employment and Labour Relations Court ruled that the bank had... Read More


Airtel Uganda raises dividend payout 41pc on net profit surge

Nairobi, Feb. 23 -- Airtel Uganda has raised its dividend payout by 41.5 percent to Sh0.41 per share (USh11.15) for the year ending December 2025 from Sh0.28 (USh7.88) a year earlier, after its profit... Read More


Nairobi Water pays non-client in nagging row

Nairobi, Feb. 23 -- Nairobi City Water and Sewerage Company (NCWSC) has been ordered to pay a former customer Sh250,000 for continuously bombarding him with text messages to clear a non-existent water... Read More


How much control does Kenya have in TikTok ban?

Nairobi, Feb. 23 -- The National Assembly in Kenya has reopened debate on whether short-video platform TikTok should be restricted or banned, re-shining the spotlight on the intersection of content re... Read More


CBK staff cleared over malicious Imperial Bank theft claim

Nairobi, Feb. 23 -- The High Court has overturned a Sh5.1 million award against the Central Bank of Kenya (CBK) over the alleged malicious prosecution of a former official linked to the suspected thef... Read More


US investor sues Nairobi developer over botched off-plan deal

Nairobi, Feb. 23 -- An American investor has sued a Nairobi property developer over a Sh225 million off-plan deal, alleging unfair termination after paying for seven units in a project marketed as "Na... Read More


CIC issues profit warning after Sh1bn gain in 2024

Nairobi, Feb. 23 -- CIC Insurance Group has issued a profit warning for the year ended December 2025, anticipating its net income to fall by at least 25 percent in the absence of a one-time investment... Read More