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Business news highlights

budget, treasury, public borrowing

SMEs receive Sh2bn funding under State-backed credit guarantee scheme

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Business Daily | by Edna Mwenda More than Sh2 billion has been issued to micro, small and medium-sized enterprises (MSMEs) under the state-backed credit guarantee...

February new car sales up 14pc, but disruptions loom

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People Daily | by Steve Umidha and Noel Wandera New vehicle sales rose by 14 percent in February to hit 1,984 units compared to 1,738...

State to lift ban on scrap metal business

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Business Daily | by Bonface Otieno The State now plans to lift a ban it imposed on export and dealings in scrap metal in a...

Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and...

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Tech Crunch | by Tage Kene-Okafor Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet...

Mobile lenders to reveal hidden fees from September

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Business Daily | by John Mutua and Anthony Kitimo Mobile phone lenders will from September be required to disclose the total charges for their loans,...

Tougher times for consumers as high transport costs kick in

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Business Daily | by Anthony Kitimo Kenyans are staring at tougher times as truckers announce a 5 percent increase in transport costs in the wake...
telecommunication mast tower

Telcos: CA rejects calls for another dominance study

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People Daily | by Evans Maritim Communications Authority of Kenya (CA) has dismissed calls to conduct another study on competition in the telcoms sector. Reacting to...

Little to introduce electric bikes and scooters in varsities, select estates

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Business Daily | by Elizabeth Kivuva Kenyan taxi-hailing app Little Cab is set to introduce electric bikes and scooters in universities and select Nairobi estates...