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How three Kenyans turned hustles into Dubai businesses

Nairobi, Sept. 16 -- Yuvinalis Japhet is in his Dubai office, phone in hand, confirming a desert safari booking for the next morning. On the wall behind him hangs framed photos of his fleet: A Toyota ... Read More


IFAD commits additional Sh7bn to expand Kenya livestock programme

Nairobi, Sept. 16 -- The International Fund for Agricultural Development (IFAD) is set to give Kenya Sh7.1billion ($55mn) fresh financing to help farmers raise productivity and gain access to better m... Read More


Tanzania moves to enforce mandatory visitor cover as Kenya dithers

Nairobi, Sept. 16 -- Tanzania looks set to beat Kenya to the rollout of mandatory insurance for foreign visitors, with the neighbouring country gazetting rules amid court cases stalling the process in... Read More


CBK rejects Sh31bn as investors get juicy discounts

Nairobi, Sept. 16 -- The Central Bank of Kenya (CBK) rejected Sh31.2 billion in offers from bond investors in the second auction of September after they demanded higher returns amid fears of renewed i... Read More


Trade ministry now backs import tax on clinker

Nairobi, Sept. 16 -- The Trade ministry has officially terminated its plans to repeal the controversial 17.5 percent levy on imported clinker, ending a push-pull with President William Ruto, who had o... Read More


South Africa's Vodacom Group fights to keep majority stake in Safaricom

Nairobi, Sept. 16 -- South Africa's Vodacom Group says it will file an appeal besides seeking a stay order to retain its majority ownership in Safaricom, after Kenya's High Court nullified its acquisi... Read More


Kenya ranks second in Africa in EV charging stations

Nairobi, Sept. 16 -- Kenya has the second-highest number of electric vehicle (EV) charging stations in Africa, signalling the country's push to curb carbon emissions by shifting away from petroleum-po... Read More


How a 20-day delay cost Coca-Cola a Sh70 million tax claim

Nairobi, Sept. 16 -- Coca-Cola Beverages Ltd has lost a Sh69.7 million input value-added tax (VAT) claim from the Kenya Revenue Authority (KRA) after a tribunal ruled that the company introduced the c... Read More


Co-op Bank, NCBA join Pesalink money transfer fee cuts in retail battle

Nairobi, Sept. 16 -- Co-operative Bank and NCBA have joined other major lenders that have rolled out free transfers of up to Sh1,000 and a flat charge of Sh20 on larger Pesalink transactions, fuelling... Read More


Insurance crisis: Fire, floods and the growing fight for billions in payouts

Nairobi, Sept. 15 -- After a blending silo collapsed at Mombasa Cement's plant on August 1, 2011, the firm lodged a compensation claim for Sh1.64 billion with its underwriter, Kenindia Insurance, whic... Read More