Category: Business
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Construction works are in high gear at the Nyali VOK Affordable Housing Project in Mombasa County where the Government is putting up 1,932 housing units for sale through Boma Yangu. The project which was launched early this year is at 28% completion, with the residents of Maweni Sub-Location, Nyali Constituency expressing their gratitude to the…
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A team of International Monetary Fund (IMF) staff will visit Kenya this week to begin talks with the government on a possible IMF-backed programme. Led by Haimanot Teferra, the IMF’s mission chief for Kenya, will visit Nairobi from September 25 to October 9, 2025. “At the request of the Kenyan authorities, an IMF staff team…
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Kenyans have been urged to embrace AI in agriculture in a bid to bridge the food shortage gap in the country. According to Mount Kenya University (MKU) Vice-Chancellor Prof. Deogratius Jaganyi, incorporating technology in every aspect of our lives, more so agriculture, is the surest way of addressing food shortage in Kenya. Speaking during an…
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Angel Leads Program, supported by the UK-Kenya Tech Hub and implemented by ViKtoria Ventures, has launched the Corporate Venture Capital (CVC) Report: State of Play in Kenya, the first comprehensive study on how Kenyan corporates can become critical investors and partners in scaling the country’s innovation economy. The report comes at a time when startups…
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TLcom-Partners-L-R_-Ido-Sum-Omobola-Johnson-Andreata-Muforo-Maurizio-Caio-Eloho-Omame. TLcom Capital, the Africa-focused venture capital firm, has confirmed that one of its Partners, Ido Sum, will be departing the firm following a 14-year tenure. During his time at TLcom, Sum contributed to early-stage investment activities and supported several portfolio companies, including uLesson, Littlefish and Zone. Launched in 1999, TLcom has over two decades of experience…
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Kenya has drawn a line in the sand for global internet companies. If a foreign digital platform overpays the new Significant Economic Presence (SEP) tax and later exits the market, it won’t see a refund unless the money is routed into a Kenyan bank account. The draft regulations, unveiled by Treasury Cabinet Secretary John Mbadi,…
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Bolt app Bolt is no longer just a ride-hailing app in Nairobi. Its parcel delivery arm, Bolt Send, is now preparing for a new leap into Mombasa and Kakamega. The company says the expansion is part of a broader bet on Kenya’s swelling e-commerce sector, where fast, reliable logistics can make or break a transaction.…
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Kenya Airways has been handed a significant reprieve. Draft regulations published by Treasury Cabinet Secretary John Mbadi in September 2025 effectively shield the airline’s global software and avionics suppliers from the new Significant Economic Presence (SEP) tax. Without this carve-out, KQ risked seeing its already fragile balance sheet saddled with billions in additional costs. The…
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Africa’s leap into mobile money was a surprise — and a missed opportunity for many legacy banks. As Safaricom’s M-Pesa surged, traditional banks watched, many believing it a fad. But mobile payments redefined daily transactions across tens of millions. Now, a new frontier looms: stablecoins. If African institutions sit on the sidelines again, they risk…
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In the vast expanse of the Atlantic Ocean, a new digital artery is being envisioned—a subsea cable that could redefine Africa’s connectivity. The Medusa submarine cable system, currently under construction to link Europe and North Africa, is now eyeing a significant expansion. With backing from the U.S. Trade and Development Agency (USTDA), a feasibility study…