Category: Business
-
Mobile money is one of Africa’s great innovations. But its speed and simplicity have created a stubborn headache: what happens when you send money to the wrong person? That dilemma was underscored twice last month — first in a landmark decision against Airtel, and then in a viral Twitter thread by Kenyan user Ms. Nyaguthii,…
-
Bolt Food General Manager Edgar Kitur and Regional PR Manager Sandra Suzanne Buyole during the launch of Bolt Market. Bolt Market, the grocery delivery arm of leading mobility platform Bolt, has recorded 300% growth in orders since launching in December 2024. This remarkable trajectory highlights the rising demand for fast, affordable, and reliable grocery delivery in Kenya.…
-
County governments in Kenya are pushing back against the Treasury’s electronic government procurement (e-GP) system, saying it has stalled essential services instead of streamlining them. Introduced in July, the e-GP was designed to digitize all public procurement—from posting tenders to making payments—and reduce mismanagement of funds. Yet counties report the platform is plagued with technical…
-
[Photo Credits: Pesapal] The High Court has delivered a significant ruling for Kenya’s fintech sector, declaring that licensed payment service providers are entitled to value-added tax (VAT) exemptions on their commissions. Justice Rhoda Rutto set aside a Tax Appeals Tribunal decision that had allowed the Kenya Revenue Authority (KRA) to claim Sh76.8 million from Pesapal…
-
A century is a long time for any brand to remain relevant, but Caterpillar has done more than survive in Kenya. It has shaped the landscape—literally. From rugged bulldozers carving roads to generators powering industries, Caterpillar’s equipment has become a fixture in construction, agriculture, and infrastructure projects across the country. This milestone is not just…
-
Next month, Safaricom—the company that redefined Kenyan telecom—celebrates its 25th anniversary. It’s more than a quarter-century in business; it’s a journey from a modest Telkom Kenya arm to becoming an economic cornerstone. At Vodafone UK’s London base, CEO Peter Ndegwa leaned back with a measured pride that’s familiar to leaders who’ve steered true transformation. Before…
-
IX Africa Data Centre Limited has secured a multi-tranche funding package from Rand Merchant Bank (RMB), a division of FirstRand Limited, to accelerate its expansion plans in Nairobi. The announcement was made on Thursday by CEO Snehar Shah. The financing will facilitate the construction of an additional 20MW of IT power at IX Africa’s Nairobi…
-
KRA offices at Times Tower, Nairobi. /SWALA NYETI The Kenya Revenue Authority (KRA) has announced the successful recovery of Ksh 123 million in taxes following the detection of a sophisticated fraud scheme involving the irregular clearance of 161 rice containers at a Mombasa-based Container Freight Station (CFS). The authority revealed that the fraudulent clearances occurred…
-
Miraa. PHOTO/COURTESY Miraa farmers could soon find their trade reshaped, as the government moves to create specialised cooperatives to manage how the crop is harvested and sold. The plan, unveiled by the Ministry of Cooperatives, is meant to shield producers from losses that come when supply floods the market and prices tumble. Patrick Kilemi, the…
-
Mombasa-Mariakani highway. PHOTO/COURTESY Traffic clogs and persistent delays on the Mombasa-Mariakani Highway are set to receive targeted attention, as the Kenya National Highways Authority (KeNHA) plans to use a portion of a Sh15.8 billion loan from the African Development Bank (AfDB) to review the project’s financial and management arrangements. The announcement was made on Tuesday,…