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South Africa's Absa Group ready to buy more Absa shares in open market

Nairobi, July 15 -- South Africa's Absa Group says it is ready to buy additional shares of Absa Bank Kenya in the open market beyond its current purchase of 895.9 million shares in the subsidiary thro... Read More


Court freezes Multiple Hauliers insolvency row in Sh532m debt claim

Nairobi, July 15 -- The High Court in Nairobi has halted proceedings in the insolvency dispute involving logistics firm Multiple Hauliers (EA) Ltd, ruling that a Court of Appeal stay order applies to ... Read More


Complaints about digital lenders jump five times

Nairobi, July 15 -- Complaints to the competition watchdog about digital lenders' hidden charges, change of borrowing terms and premature assets seizure amid tighter regulations aimed at curbing preda... Read More


Nairobi set to be Africa's largest megacity by 2050

Nairobi, July 15 -- Nairobi is set to become Africa's largest metropolitan area by 2050, overtaking megacities such as Cairo and Lagos, amid a surge in urbanisation, putting pressure on the capital's ... Read More


Kenya Power to tap extra 200MW in power deal with Ethiopia

Nairobi, July 15 -- Kenya Power will take up an extra 200 megawatts (MW) of power in December 2026 under a power purchasing agreement (PPA) with Ethiopia to plug a gap in supply. Kenya Power currentl... Read More


EAPC gives squatters 30 days to pay for plots or vacate

Nairobi, July 15 -- East African Portland Cement (EAPC) has given squatters occupying its Sh4.6 billion land 30 days to pay for the plots to regularise their ownership or vacate. The company has aske... Read More


Business boom for aquariums as demand up

Nairobi, July 15 -- The soft hum of a filter pump and the gentle movement of ornamental fish might seem far removed from the bustle of business. Still, for an increasing number of Kenyan entrepreneurs... Read More


Coca-Cola sued over marriage certificate requirement for spouse medical cover

Nairobi, July 15 -- Coca-Cola Beverages Ltd is facing resistance from workers after spouses of unionised employees were removed from the company's medical scheme for failing to produce marriage certif... Read More


Why Africa's climate challenge should be an investment opportunity

Nairobi, July 15 -- There is a familiar pattern to conversations about climate adaptation in Africa. They usually begin with the billions of dollars needed to help the continent respond to increasingl... Read More


Why embracing FinTech can help scale up MSMEs

Nairobi, July 15 -- In Kenya, MSME sector is a hotbed of entrepreneurial activities employing over 90 percent of the working population, contributing to about 34 percent of the country's national outp... Read More