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Treasury bows to pressure, cuts capital limit for crypto firms

Nairobi, July 26 -- The Treasury has substantially cut its earlier proposed minimum capital for cryptocurrency firms by up to 40 percent, bowing to pressure amid warnings that steep charges would dete... Read More


Imperial Bank seizes Apple products reseller Salute Holdings

Nairobi, July 26 -- Imperial Bank (In Liquidation) has taken over Salute Holdings, one of East Africa's largest Apple-authorised distributors, as the lender in liquidation steps up efforts to recover ... Read More


Tender typo costs Finnish firm Sh947m KPA container handling contract

Nairobi, July 26 -- A spreadsheet error has cost Finnish manufacturer Kalmar Finland Oy a Sh947 million Kenya Ports Authority (KPA) contract for supply of 14 container-handling machines. The Court of... Read More


Gathungu flags irregular Sh650m phone purchases for community health workers

Nairobi, July 25 -- The Auditor-General has flagged the purchase of Sh650million mobile phones for community health promoters (CHPs) without inclusion in the approved 2024/25 annual procurement plan o... Read More


NSE boss who dreams of going to the moon

Nairobi, July 25 -- Frank Mwiti likes to say that he could have been an astronomer. He certainly shoots for the stars, because when he was a boy, he sent NASA a letter. The space agency replied with s... Read More


Toned back for women: The newest obsession and how to get it

Nairobi, July 25 -- The "sexy back" has become one of the most coveted goals in the gym. More Kenyan women are turning to lifting weights or strength training to get toned shoulders and defined back ... Read More


Rising agent numbers cut average M-Pesa commissions to record low

Nairobi, July 25 -- Average annual commissions earned by M-Pesa agents have dropped to a record low of Sh112,244 in the year ended March 2026 as increased competition squeezes returns, pushing them to... Read More


Kenya to borrow Sh81 billion for JKIA expansion in new financing plan

Nairobi, July 24 -- Kenya will borrow Sh81 billion for the expansion of the Jomo Kenyatta International Airport, dropping an earlier plan to fully fund the upgrade using a bond. The loan will account... Read More


AI giants face new minimum pay, mental healthcare rule in Kenya

Nairobi, July 24 -- Giant artificial intelligence (AI) firms such as OpenAI and Meta face new minimum pay and mental healthcare rules in Kenya as the government seeks better working conditions for loc... Read More


Thousands of suppliers, businesses hit by outage on KRA's eTIMS systems

Nairobi, July 24 -- Thousands of users were, as at Friday evening, still reeling from inconvenience due to an outage on the Kenya Revenue Authority's (KRA) electronic business invoicing platform, eTIM... Read More