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The value of mobile money transactions in Kenya reached KSh1.16 trillion in the first two months of 2021 as more people used mobile money wallets to pay for goods and services. Mobile money transactions rose to KSh590 billion in January this year from KSh372 billion a year ago. Similarly, the...

Kenya's little-known towns are turning into business hubs with accelerated infrastructure development by the government over the past years. According to the Kenya National Highways Authority (KeNHA), there are 40 ongoing road projects in the country under the agency. All these projects...

Standard Gauge Railway(SGR) freight services hit a new record in January buoyed by Kenya Railways' improvement in cargo evacuations from the Port of Mombasa. Last month recorded the best performance since the first SGR Madaraka freight trip in January 2018), with 241 trains run from Mombasa...

Kenya Electricity Generating Company (KenGen) PLC has won international contract to drill three geothermal wells in Djibouti. The company signed a Ksh709,822, 630 (USD 6,452,933) contract with Office Djiboutien De Development De lenergie Geothermique (Djiboutian Office of Geothermal Energy...

The much-awaited Sh28 billion Nairobi Railway City has started taking shape after the formation of the Railway City Development Authority (RCDA), a special purpose vehicle. The first phase of the 20-year project that is set to change the face of Nairobi Central Business District (CBD) will...

The Mombasa port has recorded increased cargo destined to Tanzania, South Sudan and the DRC Congo while Uganda’s consignments declined in the first four months of this year. This is according to latest Kenya Ports Authority (KPA) performance report of 2020. The introduction and gazettement of...

Safaricom is one of the 12 foreign firms that have submitted their application with the Ethiopian Communications Authority (ECA) for full-service telecommunication licenses in Ethiopia. The Authority had on May 21 invited interested firms to submit their Expression of Interest (EoI) within one...

KenGen targets new income with Sh60m detergent factory FRIDAY, JUNE 26, 2020 0:01 BY PATRICK ALUSHULA Kenya Electricity Generating Company (KenGen) has started constructing a Sh60 million factory for manufacturing detergents, expanding its revenue streams beyond power production. The firm...

Kenya accounted for the second largest volume of venture capital deals in Africa after South Africa between 2015 and 2019, helped by its position as the eastern Africa regional economic hub. A report by the African Private Equity and Venture Capital Association (AVCA) on VC deals for the period...

Please read this piece it offers lots of insights ======= Monday was a day of triumph for Prime Minister Jacinda Ardern. Thanks to the efforts of the entire nation, she said, New Zealand had been largely successful in meeting its ambitious goal of eradicating, rather than just controlling...

Fuel prices in Kenya have dropped by up to Sh. 18 per litre in the latest Energy and Petroleum Regulatory Authority monthly review. Super Petrol, Diesel and Kerosene have decreased by Sh. 18, Sh. 4 and Sh. 18 per litre respectively in the latest EPRA monthly review. Super Petrol will now...

Kenya faces the biggest fight in its post-independence existence: the lives of its citizens are on the line, its economy is threatened, its culture and way of life is imperiled. The Novel Coronavirus threatens to kill us, damage our health, destroy our economy and the very fabric of our...

A modern tuk tuk has arrived in Mombasa creating a stir following its peculiarity and improved features. The owner of the three-wheeled motorcycle which is commonly referred to as tuk tuk has now attained celebrity status as everyone in the area wants to see and ride his new merchandise. The...

NAIROBI, June 25 (Reuters) - The Kenyan government has signed agreements with oil major Total, Tullow Oil < and Africa Oil Corp to develop a 60,000-80,000 barrels per day crude processing facility for oil discovered in the country's northwest. The Petroleum and Mining Ministry said on Twitter...

The African Development Bank (AfDB) will finance a five-storeyed regional medical school and hospital for kidney-related ailments in Nairobi at Sh2.2 billion. The facility, designed by Italy’s Politecnica Ingegneria Architettura, will host a hospital and a university wing comprising 25 wards...

East African Nations that are en-route to stopping importation of used clothes may soon pay a price for it following the US State Department’s announcement that Washington will impose trade penalties in retaliation to what they see as a blockage of free trade. Harry Sullivan, the acting head of...

In Summary the Kenya Revenue Authority has reported a 9.6 percent growth in revenue collection for the first half of the 2017/2018 financial year with the overall revenue for the first half growing by 62.5 billion Kenyan shillings to 798.84 billion up from 649.7 billion. The growth has been...

Austrian technology company Doppelmayr Group has won a contract to set up the Sh5.8 billion Likoni cable car project. Doppelmayr will start the construction in May. The work will take two years, with commuters expected to start enjoying cable car services from 2020. Trapos Limited, sponsors of...

London-based oil explorer Tullow on Wednesday said it had pumped additional $2.9 billion (Sh293 billion) into the operation targeting full-scale export of Kenya’s oil to begin in four years’ time. Tullow, which has already spent more than $1 billion (Sh101 billion) in exploration activities over...

A lucky Kenyan has won the Sh230 Million Sportpesa jackpot. The jackpot is said to be the biggest ever in the history of the country. Despite making the official announcement today, SportPesa is yet to reveal the identity of the winner. This is the third time the Mega Jackpot has been won after...