IMF backs phased rollout of new taxes amid backlash

Nairobi, Sept. 27 -- The International Monetary Fund (IMF) has recommended a staggered implementation of new tax measures by governments in sub-Saharan Africa, including Kenya, amid public backlash. ... Read More

Stock Exchange of Mauritius seeks to tap Kenyan investors

Nairobi, Sept. 27 -- The Stock Exchange of Mauritius (SEM) has opened a window for Kenyan investment banks and stockbrokers to trade on its market platform, potentially opening up new offshore investm... Read More

Kenya, Uganda and Tanzania named 2027 Afcon joint hosts

Nairobi, Sept. 27 -- The Confederation of African Football (CAF) on Wednesday awarded Kenya, Uganda and Tanzania the hosting rights for the 2027 Africa Cup of Nations (Afcon). CAF President Patrice M... Read More

Harambee Starlets eliminate Cameroon in Wafcon qualifiers

Nairobi, Sept. 27 -- Kenya's Harambee Starlets are through to the second round of the 2024 Women Africa Cup of Nations (Wafcon) qualifiers after edging out Cameroon 4-3 on post-match penalties followi... Read More

Kenya pays $238m to gulf companies under G-to-G arrangement

Nairobi, Sept. 27 -- Kenya has already paid $238.8 million (Ksh35.3 billion) to Gulf companies under the government-to-government import credit scheme meant to address the exchange rate volatility. T... Read More

Java mulls listing on the Nairobi Securities Exchange

Nairobi, Sept. 26 -- Quick service restaurant Java Coffee House says it will work towards getting ready for a potential listing on the Nairobi Securities Exchange (NSE) should shareholders deem this t... Read More

Kenya to build nuclear power plant from 2027

Nairobi, Sept. 26 -- Kenya targets to kick off the construction of its first nuclear power plant in 2027 as the country seeks to further diversify its energy generation amid rising demand and push for... Read More

Kenyan trader linked to arms shipment to Somalia goes missing

Nairobi, Sept. 26 -- A businessman who was being investigated for allegedly illegally shipping military equipment and explosives seized at Mogadishu Port in Somalia last month has disappeared. Throug... Read More

Tanzania buys gold in new move to bolster foreign reserves

Nairobi, Sept. 26 -- The Bank of Tanzania (BoT) has started a large gold-buying initiative as part of a strategic drive to support the expansion of the mining industry and strengthen foreign exchange ... Read More

Two Kenyan health startups picked for Google AI Growth Academy

Nairobi, Sept. 26 -- Two Kenyan health startups have been selected by Google for a three-month Growth Academy that infuses artificial intelligence (AI) for development in the healthcare industry. The... Read More