SpaceX has acquired xAI, the artificial intelligence company founded by Elon Musk, in a record-setting deal aimed at bringing together advanced AI technology and space […]
Year: 2026
Low-Income Kenyans to Get PAYE Relief Under New Tax Reforms
The government has announced plans to exempt more than 1.5 million employed Kenyans earning below Ksh.30,000 from paying Pay As You Earn (PAYE) tax. Treasury […]
Higher Electricity Sales Boost Kenya Power Profit by 5.5%
The Kenya Power and Lighting Company (KPLC) has posted a pre-tax profit of Ksh.14.83 billion for the six months ended December 31, 2025, representing a […]
Tanzania Sets Aside Sh7bn for Youth Fish-Farming Loans
The Tanzanian government has allocated Sh7 billion to support youth-led fish farming projects, as part of efforts to expand aquaculture, create jobs, and improve food […]
Uganda’s UDC Earned Shs1.4bn Despite Investing Shs1.3tn in 22 Firms — Auditor General
Uganda’s state-owned investment arm, the Uganda Development Corporation (UDC), generated only Shs1.4 billion in investment income in the year ended June 30, 2025, despite having […]
Ghana to Make Citizenship Easier for People of African Descent
Ghana has announced plans to relax and reform its citizenship application process for people of African descent living abroad, as part of efforts to strengthen […]
Kenya Central Bank Warns Against Damaging Banknotes Ahead of Valentine’s Day
The Central Bank of Kenya (CBK) has warned Kenyans against damaging Kenya Shilling banknotes as Valentine’s Day approaches, following a growing trend of using cash […]
Tanzanian Banks Record Sh2.47 Trillion Profit in 2025 on Strong Lending and Digital Growth
Tanzanian commercial banks recorded a combined net profit of Sh2.47 trillion in 2025, reflecting strong growth in lending, increased customer deposits, and wider use of […]
Uganda Oil Project Reaches 63% as Country Prepares for First Crude
Uganda’s long-awaited oil project in the Lake Albert region has reached 63 percent completion, bringing the country closer to producing its first crude oil. The […]
Kenya’s 2% GDP Investment in Science to Transform Economy
Kenya is poised to dedicate 2% of its GDP (~Sh358 billion annually) to science, research, technology, and innovation (STI), up from the current 0.8%, as […]