Safaricom Clarifies M-PESA Reversal Process When Recipients Decline Requests

Business

From Lipa Later to Ruins: How Eric Muli's Buy-Now-Pay-Later Startup Failed and What He Learned

Eric Muli's Lipa Later raised over Sh12.9 billion but collapsed in 2025. A cautionary tale on Kenya's startup failures, venture capital misalignment, and the entrepreneur's journey to recovery.

Ken • 8 hours ago

Business

Spiro Raises Sh27.8 Billion in Funding to Expand Electric Motorcycle Network Across Africa

Spiro secures $215 million equity funding from Impact Fund Denmark to expand battery-swapping network and manufacturing. Plans entry into DRC and Ethiopia as Africa's largest e-motorbike firm.

Ken • 1 week ago

Business

Safaricom License Costs Rise Sh1.7 Billion as Telco Secures 25-Year Operating Extension

Safaricom's license spending increases to Sh16.38 billion after securing unprecedented 25-year operating license extension from Communications Authority of Kenya, replacing temporary 2-year permit.

Ken • 3 weeks ago

Business

High Court Extends Freeze on Sh244.5 Billion Safaricom-Vodacom Deal as Constitutional Questions Persist

High Court extends freeze on government's 15% Safaricom stake sale to Vodacom worth Sh244.5 billion. Three judges rule transaction must await determination of constitutional petitions.

Ken • 3 weeks ago

Business

Uganda Secures Major KPC Operational Control Including Tariff Approval and CEO Veto Rights

Uganda gains extensive concessions in Kenya Pipeline Company operations after Sh34.7 billion IPO investment. Secured veto on CEO hiring, tariff increases, dividend policy, and employee restructuring.

Ken • 3 weeks ago

Technology

Communications Authority Proposes Stricter Internet Installation Standards to End Poor Cable Deployment in Kenya

CA Kenya invites public feedback on new ISP installation guidelines by May 20. Proposed standards target poorly installed fiber cables, require 600mm trenching depth, and mandate broadband ducts in new buildings from July 2026.

Ken • 1 month ago