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Business

SASRA orders SACCOs to submit audited accounts by March 15
Business

SASRA orders SACCOs to submit audited accounts by March 15

The regulator emphasized that meeting this deadline will allow sufficient time for the review and approval of the accounts by March 31, 2026, in preparation for the SACCOs’ Annual General Meetings (AGMs). "Submission Period is from January to March 15 2026, to allow approval by March 31, 2026.

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CBK offers 281 tonnes of old coins for smelting
Business

CBK offers 281 tonnes of old coins for smelting

Bids for the coins will close on January 22, 2026, following a three-year coin minting tender that closed last month, signalling the regulator’s intent to introduce fresh coins. Like most central banks, the CBK routinely withdraws coins and banknotes that have deteriorated over time.

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Twitter owner Elon Musk. PHOTO/Nairobi News
Technology

xAI raises Sh2.581 trillion in series E, valuation tops Sh25.8 trillion

xAI is rapidly scaling its computing infrastructure, a critical factor for developing advanced AI models.The company is expanding its data centre presence in Memphis, with a third facility planned. Once completed, the combined power capacity is expected to approach two gigawatts, making xAI one of the world’s largest consumers of AI-focused computing power.

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Last-minute deal keeps top Warner Bros content on African pay-TV
Business

Last-minute deal keeps top Warner Bros content on African pay-TV

MultiChoice remains Africa’s largest entertainment company, distributing the subscription streaming service Showmax alongside SuperSport channels, in addition to DStv and GOtv. The deal with Warner Bros. Discovery ensures subscribers continue accessing some of the most popular international channels on the continent.

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Carrefour to enter Ethiopian market through Midroc partnership
Business

Carrefour to enter Ethiopian market through Midroc partnership

Carrefour will enteAs part of the deal, Carrefour will work closely with Midroc teams to transform the full Queens Supermarket network into Carrefour-branded stores. The partnership also includes a long-term plan aimed at steady growth and wider reach in the Ethiopian retail sector.

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Meta sued by U.S. Virgin Islands over profiting from scam ads
Technology

Meta sued by U.S. Virgin Islands over profiting from scam ads

The lawsuit, filed in the Superior Court of the Virgin Islands on St. Croix, cites a recent Reuters investigation and alleges Meta projected that about 10% of its 2024 revenue—roughly $16 billion—would come from ads linked to scams, illegal gambling, and banned products, while misleading the public about its safety efforts.

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Kenya’s public assets total Sh4.965 trillion, land leads in value
Business

Kenya’s public assets total Sh4.965 trillion, land leads in value

State Corporations reported assets worth Sh4.945 trillion, representing almost all of the total, while State Departments recorded Sh15.884 billion and Constitutional Commissions Sh3.811 billion. The figures do not include national security bodies, such as the Kenya Defence Forces, National Intelligence Service, National Police Service, and National Prisons Service.

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