Kenya’s telecom giant Safaricom has insisted it will stick to its generous 80% dividend payout policy even as it raises fresh debt through a landmark green bond to fund sustainability projects and growth in Ethiopia. The company opened subscription for a KSh15 billion tax-exempt green bond on Tuesday, the first slice of a KSh40 billion…
Kenya has vowed to challenge a regional court decision that suspended a crucial trade agreement with the European Union, warning the move puts USD 1.56 billion in yearly exports and hundreds of thousands of jobs at risk. Trade minister Lee Kinyanjui said on Wednesday the government has already filed an appeal against Monday’s ruling by…
A United States advocacy group has filed a new lawsuit against technology giant Apple, claiming the company continues to source minerals linked to child labour, forced labour and armed conflict in the Democratic Republic of the Congo and Rwanda despite repeated denials. International Rights Advocates, a Washington-based nonprofit organisation, filed the 59-page complaint on Tuesday…
Military officers in Guinea-Bissau announced on 26 November they had seized “total control” of the West African nation, deposing President Umaro Sissoco Embaló and suspending a disputed electoral process just days after a presidential vote in which both leading candidates claimed victory. The takeover, marked by gunfire in the capital Bissau, adds to the country’s…
A damning audit has exposed a gaping hole in Kenya public finances, with KSh 300 billion raised through government bonds over six years nowhere to be found. Busia Senator Okiya Omtatah, a vocal critic of government spending, is leading the charge for answers, accusing the National Treasury and Central Bank of Kenya of a monumental…
Kenyan authorities paid bloggers up to KSh25,000 (USD192) a day to flood social media with pro-government messages and intimidate young protesters during the deadly Generation Z demonstrations against a controversial finance bill, a new Amnesty International report has revealed. The report, titled “This Fear, Everyone is Feeling It”, documents how the government weaponised digital platforms…
Kenya’s banking sector has delivered another strong performance in the first nine months of 2025, with the country’s top 10 lenders collectively posting combined net profits of KSh196.3 billion, up from KSh173.2 billion in the same period last year. Eight banks record double-digit growth Despite persistent worries over elevated public debt and occasional global headwinds,…
Kenya electoral body faces a defining moment on Thursday 27 November as voters head to the polls in 24 by-elections across the country, a crucial test that could either rebuild shattered public trust or deepen doubts ahead of the 2027 general election. The Independent Electoral and Boundaries Commission then IEBC, only reconstituted in July, is…
Former Chief Justice David Maraga has accused the Kenya Kwanza government of weaponising courts to intimidate youthful protesters and silence critics. The retired judge, who is positioning himself as a presidential contender in 2027, says peaceful demonstrators are routinely charged with fabricated offences meant to cow them. “Young people and activists calling for accountability are…
Safaricom, Kenya dominant telecoms group, on Tuesday opened subscription for the country first-ever tax-free corporate green bond, a landmark KSh15 billion (USD116 million) five-year issue that analysts say could reignite a sleepy local debt market while channelling funds into climate-friendly infrastructure. The bond, which carries a fixed 10.4% coupon, is fully exempt from Kenya standard…
