CFAO Mobility Injects Sh2.3 Billion to Launch Toyota Hiace Assembly Line at KVM Thika Plant

News

KRA to Automatically File Tax Returns for Non-Compliant Taxpayers After June 30 Deadline

Kenya Revenue Authority implements automatic tax return filing and default assessments for taxpayers who miss June 30 deadline. KRA grants temporary eTIMS relief for 2025 tax year.

Ken • 4 days ago

News

China Communications Construction Company Wins Ksh375.4 Billion Contract for JKIA Expansion and Upgrade

China Communications Construction Company awarded Ksh375.4 billion contract to upgrade and expand Jomo Kenyatta International Airport. Project to increase capacity to 22 million passengers annually over two phases through 2045.

Ken • 4 days ago

Business

Simba Corp's AVA Invests Sh1 Billion in Dedicated Electric Vehicle Assembly Line in Mombasa

Associated Vehicle Assemblers commits Sh1 billion to EV assembly facility at Mombasa plant. Already producing electric vehicles for Rideence Africa and BasiGo as Kenya's EV market grows.

Ken • 4 days ago

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 • 4 days 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