Investments

NAIROBI, Kenya, April 29 – The government has shut off over 50 betting firms for operating without the approvals of the Betting Control and Licensing Board (BCLB). In a letter sent to Communication Authority of Kenya (CA) CEO David Mugonyi, BLCB directed Safaricom to suspend all paybill payments as well as STK push services for…

The Comesa Competition Commission is cautioning buyers over Mercedes-Benz Model GLE (167) vehicle, which has been recalled by Mercedes-Benz South Africa. Earlier this month, the National Consumer Commission of South Africa (NCC) asked affected owners of models made between 2022-2025 to make a booking for the vehicles to be checked or repaired. The mid-sized luxury SUV’s processor in the control…

SAN FRANCISCO, April 27 (Xinhua) — The Trump administration said Friday that it will reverse the termination of the legal statuses of more than 1,200 international students amid legal challenges. U.S. Immigration and Customs Enforcement (ICE) was in the process of manually restoring the statuses for individuals whose Student and Exchange Visitor Information System (SEVIS)…

Kenya’s betting industry is predominant with low-stake gambling but also a small group of high-stake bettors ready to spend over KSh 65,000 in a month, a new survey by Geopoll reveals. Majority (57%) reported spending less than $10 per month while higher spending brackets included: 28% between $10 and $25, 3% between $25 and $50,…

NAIROBI, Kenya, April 25 – Kenya must urgently implement key financial sector reforms to address gaps in anti-money laundering and counter-terrorism financing, according to a new report released following the Inaugural Kenya Anti-Financial Crime Summit. The report, published jointly by Flywheel Advisory and the Financial Reporting Centre (FRC), identifies immediate regulatory interventions—especially around virtual assets—as critical…

China’s Rongtai Steel Co. Ltd. will pour KSh 12.9 billion into expanding its Kenyan operations, as part of Beijing’s investment deals inked during President William Ruto’s state visit. Under the agreements, manufacturing captured the single‑largest share of the KSh 126 billion investments, at KSh 41.4 billion. Rongtai’s plans will include the expansion of its product lines in…

NAIROBI, April 23 (Xinhua) — Kenya’s Defence Ministry on Tuesday launched a training program for law enforcement agencies in detecting, reporting or foiling terrorism financing and money laundering. Supported by the Islamic Military Counter Terrorism Coalition (IMCTC), a 42-member state counter-terrorist military alliance based in Riyadh, Saudi Arabia, the capacity-building initiative seeks to disrupt funding…

NAIROBU, Kenya, April 22 – GulfCap Investments Bank has partnered with real estate equity firm Heri Investments in a Sh2.1 billion sharia-compliant deal aimed at expanding Nova Pioneer’s educational footprint in Kenya. Under the agreement, GulfCap will channel its Islamic finance funds into Heri Tripple Net Investments LP, a limited partnership managed by Heri. The…

Global risk management consultancy Sicuro Group has acquired Kenyan risk management firm John Andrews Risk Management (JARM), and renamed it Sicuro Group East Africa. In a statement, Sicuro Group said JARM CEO John Musundi will lead the new unit, while JARM Operations Manager Sheila Kamande will serve as Chief Operations Officer. The unit will provide…