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Court blocks tycoon Lagat from land sales over Sh87m debt by tea company

Nairobi, April 28 -- The High Court has restricted billionaire businessman David Langat from selling or transferring three parcels of land in Nandi, Kericho, and Eldoret over a debt of Sh87 million, p... Read More


Kenya seeks Sh39bn World Bank loan on global shocks

Nairobi, April 28 -- Kenya was forced to seek an estimated $300 million (Sh38.8 billion) emergency World Bank funds to help it manage the economic shocks triggered by the Iran war. Kenya is the first... Read More


State lines up new 90MW hydropower project on Tana River

Nairobi, April 28 -- The Treasury is racing to update a feasibility study on a planned 90 megawatt (MW) hydropower plant in Karura within the Tana River cascade, and pave the way for private investmen... Read More


China's zero-tariffs are Kenya's opportunity

Nairobi, April 28 -- For a long time, we were told global trade was about efficiency: Who can produce what cheapest, fastest, and at scale. That narrative worked for a while. But today, trade is no lo... Read More


Trader charged over use of fake invoices

Nairobi, April 28 -- A businessman has been charged at the Milimani Law Courts with tax fraud involving use of fictitious invoices. Peterson Maina Waruhiu, who is a director of Urotide Investment Lim... Read More


Why companies are going for private debt in capital hunt

Nairobi, April 28 -- Companies seeking capital are preferring private debt from non-bank investment vehicles compared to bank loans and equity investment by private equity and venture capital funds, a... Read More


Seven red flags to look out for in Kenya's higher education

Nairobi, April 28 -- Last week we delved into the dicey world of doctoral education in Kenya. Many readers reached out to tell their own horror stories in their own higher learning journeys. While la... Read More


Absa Kenya spends Sh717m on voluntary staff exits

Nairobi, April 28 -- Absa Bank Kenya spent Sh717 million on voluntary separation with 82 of its employees in January this year, joining peers who have rolled out similar schemes amid accelerated use o... Read More


Contractor abandons KNH burns centre project over debt

Nairobi, April 28 -- A contractor building a paediatric emergency and burns management centre at the Kenyatta National Hospital (KNH) has abandoned the site over a Sh184.3 million debt, leaving the Sh... Read More


If Africa wants AI that works, it must train it on African data

Nairobi, April 28 -- Artificial intelligence (AI) is increasingly shaping how economies function, influencing everything from how credit is assessed to how services are delivered. Yet for Africa, the... Read More