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Northern governors mourn businessman Alhaji Aminu Dantata

Kano business icon Aminu Dantata dies at 94

  • 28th June 2025

China bans non-certified power banks on flights

  • 28th June 2025
Meta splits AI division to accelerate product development

Facebook seeks access to users pictures for AI

  • 28th June 2025

Kogi eyes transformation of mining hub, bags 15

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Meristem projects oil, banking sector gains amid rising crude prices

Meristem projects oil, banking sector gains amid rising crude

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Google prepares iOS launch for YouTube Create 

Google prepares iOS launch for YouTube Create 

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Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025

GTBank to close branches early nationwide on June 30

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Afreximbank appoints George Elombi as next president

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Tag: Kenya

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Safaricom loses trillion-dollar valuation days after rise

Kenya’s largest telecom operator, Safaricom, has slipped below the trillion-shilling mark just days after briefly reclaiming the coveted status. On June 12, the company hit a KES 1 trillion ($7.7 billion) market capitalization for the first time since October 2022, becoming the most valuable company on the Nairobi Securities Exchange. However, as of market close […]

Kenya eyes Safaricom stake sale to raise $1.1bn amid debt
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Kenya eyes Safaricom stake sale to raise $1.1bn amid debt

Kenya is preparing to sell part of its 34.9% stake in Safaricom as it seeks to raise $1.1 billion (KES 149 billion) through privatisation, aiming to shore up public finances without introducing new taxes in a struggling economy. The planned divestiture is expected before the end of the 2025/26 fiscal year and would be the […]

Kenya to ban cashless-only payments for small transactions
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Kenya to ban cashless-only payments for small transactions

A new bill before Parliament could soon make it illegal for Kenyan businesses to refuse cash for purchases under Ksh100,000 ($775), in a move aimed at safeguarding financial inclusion amid the country’s rapid digital shift. The Central Bank of Kenya (Amendment) Bill, 2025, tabled by Suba South MP Caroli Omondi, proposes that all businesses operating […]

Yuletide: Nigerian family demands $1m over Kenya airways mishap
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Yuletide: Nigerian family demands $1m over Kenya airways mishap

A Nigerian family has demanded $1 million in general damages and compensation from Kenya Airways over a disrupted Christmas trip involving their daughter, a minor. The family, represented by Donald Ibebuike of the Creed & Brooks Partners law firm, addressed the airline in a letter dated December 21, 2024, accusing it of exposing them to […]

Criticisms trail Kenya's drop in Visa Openness rankings
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Criticisms trail Kenya’s drop in Visa Openness rankings

Kenya has fallen in the latest rankings of visa openness for African visitors, despite introducing a “visa-free” policy earlier this year. According to the 2024 Africa Visa Openness Index, Kenya dropped 17 places to 46th out of 54 countries. This decline follows the implementation of a new travel authorization system requiring most visitors from African […]

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IMF approves $606m loan for Kenya

The International Monetary Fund said it had cleared $606 million in lending to Kenya as it struggles to pay off debts and boost taxes after mass protests led to financial reforms being scrapped. Kenya is considered an economic bright spot in the troubled East African region. But it is grappling with around $80 billion in […]

Kenya shuts down internet amid violent protests over finance bill
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Kenya shuts down internet amid violent protests over finance bill

Yesterday, June 25, protests against Kenya’s Finance Bill 2024 turned violent, with reports of internet throttling and disruptions adding to the chaos. Kenyans, rallying under the hashtag #RejectFinanceBill2024, took to the streets in large numbers. Tragically, the unrest has resulted in deaths and raised significant concerns about digital rights and freedom of expression. NetBlocks, a […]

CEOs of East Africa's largest fund DOB Equity step down
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CEOs of East Africa’s largest fund DOB Equity step down

Co-CEOs of Dutch family fund DOB Equity, Saskia Van Der Mast and Hayo Afman, have stepped down, marking a transition in the leadership of one of East Africa’s largest private equity funds. Van Der Mast led the fund for 19 years, while Afman served for 9 years. Taking over the reins of the firm’s day-to-day […]

Kenya waives visa fees for Ethiopia, five other nations
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Kenya waives visa fees for Ethiopia, five other nations

Kenya has started making some adjustments to its online visitor registration service in an effort to facilitate travel into its borders. According to Business Insider, this will include a visa fee waiver for select partner nations. The fee waiver follows bilateral agreements between several nations that took effect on February 15. The project intends to […]

Nigerian edtech startup AltSchool expands into Europe
Tech

Nigerian edtech startup AltSchool launches in Kenya

Nigerian edtech startup, AltSchool Africa has opened up in Kenya, its second biggest market by revenue, the company’s co-founder, Adewale Yusuf disclosed. East African nation, Kenya generates the second-highest income for the startup. As a result, AltSchool will now concentrate on offering its Kenyan clients direct assistance in addition to working to expedite local payment […]

Kenya waives visa fees for Ethiopia, five other nations
Investment

Kenya, Egypt, Nigeria top Africa’s investment destination list – Report

Africa’s investment landscape is shaping up to be a captivating story of growth and expansion, with Kenya, Egypt, Nigeria, and South Africa emerging as the top funding destinations. According to the “Africa Investment Report 2023,” Kenya, Egypt, Nigeria, and South Africa would account for 68% of the continent’s total investment in 2023. According to the […]

Kenya overtakes Nigeria in start-up funding ranking
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Kenya overtakes Nigeria in start-up funding ranking

Alex Omenye Nigeria lost the top position for the most funded startups in Africa to Kenya. This development was contained in an analysis of the African startup funding in 2023 by a research outfit, ‘Africa: The Big Deal.’ The report stated that startups in the East African country attracted the largest amount of funding in […]

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