Business & Economy
Featured News Stories
Kenyan Agricultural Sector Sees New Funding, Products, and Policy Advocacy
The Kenya Development Corporation (KDC) has injected Sh500 million into Githunguri Dairy Cooperative Society to boost financing for MSMEs under the World Bank-backed SAFER Programme. This initiative aims to expand access to long-term, affordable credit. In a separate development, Corteva Agriscience Kenya has launched Verpixo® 100 SC, a new fungicide based on Adavelt™ technology, to support the floriculture sector. The product is designed to help rose growers combat powdery mildew and botrytis, diseases that threaten export-bound flowers. Meanwhile, players in Kenya's agricultural sector are advocating for a 10-year stable tax framework, citing that inconsistent fiscal policies hinder competitiveness and long-term investment.
Regulators Sanction Ex-Bank Execs, Approve Takeover, and Enforce New SIM Rules
The Capital Markets Authority (CMA) has sanctioned former executives of Chase Bank Kenya Limited with heavy fines and market bans for breaches related to the bank’s 2015 Sh10 billion medium-term note program. This action follows an inquiry into violations contributing to the bank's collapse. Separately, the Competition Authority of Kenya (CAK) approved the acquisition of Mace Consult Holdings Limited by Consult Bidco Limited, stating the deal complies with merger regulations. Concurrently, new Kenyan SIM-card registration regulations have been introduced to curb identity theft and fraud. These rules replace the previous framework with stricter verification and have caused public concern due to an expanded legal definition including sensitive biometric data.
