BUSINESS NEWS

Kenya Electricity Generating Company (KenGen) has unveiled an ambitious 10-year strategy aimed at propelling the nation towards a sustainable, green energy future. The G2G plan, spanning from 2024 to 2034, focuses on expanding investments in geothermal, wind, and solar power while enhancing…

The International Monetary Fund (IMF) is set to review Kenya's performance under their current loan program on October 30. Kenya awaits the IMF decision on a $600 million disbursement, part of a larger $3.9 billion loan program agreed upon in 2021. This seventh review comes at a time when Kenya…

The High Court Judge Bahati Mwamuye was on Thursday forced to postpone the virtual proceedings in a case challenging the JKIA takeover by the Indian company Adani Group. The adjournment came after disruptive protesters interrupted the session, chanting slogans against the airport's sale. The…

The Communications Authority of Kenya (CA) has recently implemented more stringent approval procedures for Information, Communication, and Technology (ICT) equipment. This initiative is part of a broader effort to protect public interests, enhance consumer safety, and strengthen the integrity of…

The cost of fuel has decreased to the lowest point in 19 months due to lower import prices, which is likely to further reduce the pressure on inflation. The Energy and Petroleum Regulatory Authority (Epra) reports that super petrol prices in Nairobi have decreased by Sh8.18 per litre to Sh180.66,…

JPMorgan Chase, one of the world's largest American banking conglomerates, has finally received approval to establish a representative office in Kenya. This comes nearly 12 years after initially announcing its intentions. The Central Bank of Kenya (CBK) has granted permission for the US banking…

Kenya's national electricity infrastructure is set to undergo a major transformation following the signing of a Project Agreement between the Kenya Electricity Transmission Company Limited (Ketraco) and Adani Energy Solutions Limited. In a statement on Friday, Energy Cabinet Secretary Opiyo Wandayi…

President William Ruto's senior economic advisor Moses Kuria has provided clarification on his recent comments regarding the conversion of mobile payment systems into Electronic Tax Receipts (ETRs) by December. Initially, his remarks at the Kenya Revenue Authority (KRA) Summit had been interpreted…

The Italian ambassador Roberto Natali recently met with Kenya's Transport and Roads Minister Davis Chirchir and Deputy Minister Mohamed Daghar in Nairobi. The high-level dialogue focused on the development of Malindi International Airport and surrounding road networks. These discussions form part…

Kenya is racing against time to comply with the European Union's new regulations aimed at curbing deforestation and forest degradation linked to imported products, including coffee. The Kenyan government has announced urgent measures to assist coffee farmers in meeting these stringent requirements…