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Business news highlights

Win for local suppliers as board stops Sh2 billion Kenya Power meter tender

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Business Daily | by Sam Kiplagat Kenya Power has been stopped from proceeding with a Sh2 billion tender for the supply of electricity meters after...

Oil marketers seek payments for fuel trucking from port

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Business Daily | by John Mutua Oil marketers are demanding compensation for trucking fuel from Mombasa following supply hitches at the pipeline after decommissioning a...

African startups drew record $5.2 billion in venture capital last year, industry group says

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Reuters | African startups raised more in 2021 alone than the preceding seven years combined," the African Private Equity and Venture Capital Association (AVCA), which...
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UK, Saudia eye Africa for startups

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People Daily | by John Otini Kenya must enhance support for startups to avoid talent drain to Europe and Middle East who are dangling startup...

African routes drive Kenya Airways revenue growth

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Business Daily | by Gerald Andae Africa remains the biggest driver of Kenya Airways' revenue, highlighting the important role that the regional countries play in...

Safaricom unlocks towers sharing deal with Ethiopian rival ahead of launch

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Business Daily | by Brian Ngugi Safaricom will access the giant network of Ethiopian State monopoly Ethio Telecom allowing the telco to roll out its services...

Sameer profit up five times to Sh217m

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Business Daily | by Brian Ngugi Sameer Africa’s net profit jumped five times to Sh217.3 million in the year to December helped by cost controls. The company...

KQ eyes revenue in drone pilots licence

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Business Daily | by Bonface Otieno Hundreds of drone pilots seeking to obtain a Remote Pilot License (RPL) with Kenya Airways will pay less if they...