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Aliko Dangote, Africa’s Richest man, buys Kenyan company for KSh4 billion

Aliko Dangote’s Africa Travel Investments has acquired 100% of Pollman’s Tours and Safaris, Kenya’s oldest tour operator, in a landmark deal signaling rising investor confidence in Kenya’s tourism sector. This acquisition marks Dangote’s strategic entry into East Africa’s tourism market, with plans to boost Pollman’s capacity, enhance service delivery, and...

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Mombasa traders warn Tobacco Bill could fuel illicit trade

Traders in Mombasa have raised alarm over the Tobacco Control (Amendment) Bill, 2024, warning that its passage in its current form could significantly expand illicit trade, cripple legitimate businesses and erode government tax revenue. The bill, currently before the Senate and sponsored by Senator Catherine Mumma, seeks to introduce strict...

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Bungoma wins multiple awards for excellence in Agriculture

Bungoma County has emerged as one of the top performers in Kenya’s agricultural sector after scooping multiple awards at the National Agricultural Value Chain Development Project (NAVCDP) Performance League Awards, a recognition that underscores the county’s sustained investment in modern farming, value addition and farmer empowerment. The county emerged third...

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Kenyan TikTok content creators earned more than KSh44 million in one year – Report

Kenyan content creators earned more than USD 350,000 (KSh44.9 million) in just one year through TikTok collaborations with local businesses. This comes even as TikTok for Business is marking one year since its launch in Kenya, celebrating a year defined by strong advertiser adoption, creator collaboration, and exceptional performance results...

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Kenya accelerates expansion of livestock and livestock product markets

Kenya is strengthening its livestock economy through the De-risking, Inclusion and Value Enhancement (DRIVE) Project, a national initiative designed to unlock financing, expand market access, and attract private investment across livestock value chains. The project targets pastoral production systems by improving access to finance, strengthening market linkages, upgrading quality infrastructure,...

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Rideence commits KSh320M to start local assembly of electric vehicles at Mombasa’s AVA Plant

Rideence Africa Limited, the electric vehicle company behind Kenya’s innovative lease-to-drive model, on Monday, February 2 announced a KSh320 million partnership with the AVA (Associated Vehicle Assemblers) in Mombasa to commence the local assembly of electric vehicles (EVs). The initial assembly phase will see 152 EVs assembled from Completely Knocked-Down...

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