Business
Ford Foundation Responds to Ruto’s Accusation of Funding Protests
July 16, 2024
Ford Foundation Responds to Ruto’s Accusation of Funding Protests
The American non-governmental organization, Ford Foundation, has issued a response following accusations from Kenya’s President, William Ruto, that it funded…
Did Murkomen Lie? Fuel Price Reductions Overshadowed by Road Maintenance Levy Increase in Kenya
July 15, 2024
Did Murkomen Lie? Fuel Price Reductions Overshadowed by Road Maintenance Levy Increase in Kenya
Despite the recent public participation rejecting increase of Road Maintanance Levy by the Energy and Petroleum Regulation Authority (EPRA), the…
Fuel Price in Kenya Drops in EPRA Monthly Review
July 15, 2024
Fuel Price in Kenya Drops in EPRA Monthly Review
Super petrol, diesel and kerosene prices have dropped by Ksh.1, Ksh1.50 and Ksh.1.30, respectively in latest review by the Energy…
Tanzania’s Amsons Group Offers $180 Million for Bamburi Cement Acquisition
July 12, 2024
Tanzania’s Amsons Group Offers $180 Million for Bamburi Cement Acquisition
Tanzanian conglomerate Amsons Group has set a new benchmark with a historic $180 million (Ksh.23.32 billion) binding offer to acquire…
Court Declares SHIF Unconstitutional, Null & Void
July 12, 2024
Court Declares SHIF Unconstitutional, Null & Void
The High Court in Nairobi has declared the Social Health Insurance Fund (SHIF) unconstitutional, null and void. The three-judge bench…
We Are With You ‘IN THOUGHTS’, IMF Tells Parents of Kenyans Killed During Protests
July 12, 2024
We Are With You ‘IN THOUGHTS’, IMF Tells Parents of Kenyans Killed During Protests
The International Monetary Fund (IMF) has spoken for the very first time about killing of Kenyans during Protests over the…
IMF Speaks on Supporting Kenya Day After Ruto Sacked Cabinet
July 12, 2024
IMF Speaks on Supporting Kenya Day After Ruto Sacked Cabinet
The International Monetary Fund (IMF) has reiterated its commitment to keep supporting Kenya – according to a statement delivered by…
Marula Acquires Interest in High-grade Historic Cobalt Mine in South Africa
July 11, 2024
Marula Acquires Interest in High-grade Historic Cobalt Mine in South Africa
Marula Mining, an Africa-focused mining and development company has entered into a binding term sheet with Mansena Cobalt, a South…
Court Allows State to Keep Collecting Housing Levy in New Ruling
July 11, 2024
Court Allows State to Keep Collecting Housing Levy in New Ruling
On Thursday, July 11, a three-judge bench declined to suspend the Housing Levy while a case filed by Magare Gikenyi…
Tanzania’s Nala Secures Largest $40 Million in Series A Funding
July 11, 2024
Tanzania’s Nala Secures Largest $40 Million in Series A Funding
African fintech startup Nala has successfully secured $40 million in its latest funding round, marking one of the largest Series…