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The lender aims to channel the funds through its Catalytic Fund, a facility it uses to offer patient capital to early-stage and growing businesses in sectors such as agribusiness, manufacturing, creative arts, education, and healthcare.
EAA Company Limited has been handed a three-year ban by the Public Procurement Regulatory Authority (PPRA), effective from March 18, 2025.
Data from the Insurance Regulatory Authority shows that 63 percent of MSMEs in Kenya did not have any form of insurance as of December 2024, leaving them exposed to shocks such as political unrest and natural disasters.
The rise in claim rejections comes as insurers invest heavily in technology to combat fraudulent reporting. Companies are adopting advanced tools, including Artificial Intelligence, to vet and verify claims more effectively.
The move, once cleared by the Central Bank of Kenya and Emirati regulators, will anchor the bank’s operations in the Gulf region and enable it to better support East African businesses and investors operating in or trading with the UAE.
Co-op Bank clarified that the actual cash loss was minimal and confirmed that no injuries occurred among staff or customers
The Finance Act revises six key tax laws, introducing new incentives, exemptions and obligations for businesses, employees, and digital service providers.
The hike has kept pump prices high, forcing the State to occasionally cushion consumers by subsidising fuel.
Between January and May, the total number of units sold stood at 5,301—up 27.6 percent from 4,154 units recorded during the same period last year, showing an overall positive growth despite the recent slowdown.
The new legal framework would make Kenya the third African country after Nigeria and South Africa to regulate cryptocurrencies through legislation.
The World Bank pointed out that areas such as hospitality, manufacturing, and wholesale and retail trade could be better served by private players, but are instead occupied by state-owned enterprises benefiting from favourable treatment.
Long overshadowed by cow’s milk, camel milk is emerging as a powerhouse product, driving livelihoods, improving nutrition, and attracting investors across the Horn of Africa.