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Business news highlights

mombasa port

Electronics, medicines top shipment from kin abroad

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Business Daily | by Charles Mwaniki Electronics, clothing items and medicines account for more than half of the value of items Kenyans living abroad ship...
food market prices

Nairobi traders say new county levies punitive

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Business Daily | by Collins Omulo Nairobi traders have opposed proposed new levies by the Nairobi County government terming them punitive. The traders, who gave their...
african development bank afdb

AfDB bans Kenya Power contractor over graft

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Business Daily | by Brian Ngugi The African Development Bank Group (AfDB) has banned Kenya-based CP Power East Africa Limited and its part-owner Dawit Wondwossen...

Cashlet app admitted into the CMA Sandbox

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Cashlet | The Capital Markets Authority (CMA) has admitted Cashlet, an app-based fintech into its Regulatory Sandbox program. The Cashlet app is a personal finance mobile...
domestic carriers, jambojet, domestic flights

Jambojet diversifies into cargo, eyes share of regional market

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The East African | by Bonface Otieno Kenyan budget carrier Jambojet will start cargo operations next month after receiving regulatory approvals from the aviation regulator...
kenya power electricity lines

Relief as Kenya Power starts mapping of SMEs for reduction of power tariffs

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The Standard | by Ndungu Gachane Kenya Power and Lighting Company (KPLC) has started mapping small commercial consumers who are targeted to benefit from reduced electricity charges under...

Nakuru hotels bookings increase ahead of June Safari Rally

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Business Daily | by Macharia Mwangi Hoteliers in Nakuru have started receiving bookings for the Safari Rally in June, as residents brace for increased business. The...

Kenya’s fintech Kwara lands $4 million in seed round from Breega, SoftBank

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Tech Crunch | by Annie Njanja The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East...