NAIROBI, Kenya, April 11 – The Capital Markets Tribunal has directed Amana Capital Limited to pay a total of Sh21.4 million to Susan Mukuhi Kagiri, a disgruntled investor whose funds were frozen following the collapse of Nakumatt Holdings. In a unanimous judgment, the Tribunal dismissed Amana’s appeal and upheld a decision by the Capital…
APRIL 10 – A Russian-American citizen has been released in a prisoner swap between Moscow and Washington. Amateur ballerina Ksenia Karelina, a Los Angeles resident, had been in prison in Russia for over a year, after being arrested in the city of Yekaterinburg in early 2024. She was found guilty of treason for donating money…
NAIROBI, Kenya, Apr 9, 2025 – Ride-hailing platform Bolt Kenya has reported a 46 percent decrease in offline (off-app) trips over the past six months, following the rollout of enhanced safety measures targeting non-compliant ride practices. The company attributes the sharp decline to a stricter enforcement regime, which includes proactive identification of off-app transactions, real-time…
NAIROBI, Kenya, Apr 8 – The Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 75 basis points to 10.00 percent, citing easing inflation, a stable exchange rate, and the need to stimulate private sector lending amid subdued credit growth. The decision was reached during the Monetary Policy Committee (MPC) meeting held…
APRIL 7 – The government has announced a relaxation of electric vehicle (EV) sales targets to help the car industry in the face of trade tariffs from the US. A ban selling new petrol and diesel cars will still come into effect in 2030, but manufacturers will now have more flexibility on annual targets and…
NAIROBI, Kenya April 6 – Listed non-banking financial services company Sanlam Kenya Plc (NSE: SLAM) has announced that the Company’s Rights Issue, seeking to raise up to Ksh 2.5 billion, will open in a fortnight following regulatory approvals. The Company has secured all the regulatory and related approvals from the Capital Markets Authority of Kenya (CMA), the…
APRIL 5 – Thursday was a “terrible” and “devastating” day for people involved in Lesotho’s textile sector as they digested the news that the country’s exports to the US would be hit by a 50% import tax, or tariff. Teboho Kobeli, who founded Afri-Expo Textiles and employs 2,000 people in the country, could barely disguise…
By Amos Mzenge APRIL 4 – Most people are conversant with the 50-30-20 rule on money, and its variations, as regards expenditure and savings. Whilst financial success can somewhat be attributed to saving every possible penny, building a hefty savings kitty should not take over one’s life to the point where they are not enjoying…
As calls for unity mounted across the bloc, the European Union (EU) prepared a multi-phase retaliation package – while still leaving the door open for negotiations. “NOT LIBERATION, BUT INFLATION” European leaders condemned Trump’s tariffs, warning that what has been presented as economic liberation could instead bring inflation, uncertainty, and harm to global trade. German…
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