LG Electronics (LG) targets to become a smart life solutions company that connects and expands customers’ diverse experiences by 2030. The move will see the company record an estimated global annual …
Leading financial services firm, Zamara Group has announced its Zamara Consulting Actuaries Schemes Survey (Z-CASS) report for the second quarter of 2023. The survey, covering 423 schemes and assets under …
A few months ago, police officers arrested a farmer who had formed a habit of harvesting immature avocados, painting them, and selling them to unsuspecting Kenyans. Currently, stats show that …
On Friday, both online and mainstream media were awash with news that gold had been discovered “by mistake” in Rongo, Migori County by a contractor. People from within and without …
Stima Sacco, to bring services closer to the people, has today launched a new branch in Kisii Town, domiciled at the Waumini Plaza. The opening of the office forms part …
Jambojet has announced the addition of 1 new aircraft to its growing fleet, bringing its total number of aircraft to 8. The aircraft, christened Kozi, will address the surging demand …
Kenyan businesses suffered a marked fall in demand at the start of the third quarter of the year, the latest PMI data by Stanbic Bank showed, as customers continued to …
In a move that’s akin to spreading fairy dust across the nation, Stima Sacco has established branches far and wide. They’ve strategically sprinkled these branches like digital confetti, making sure …
Afreximbank President Benedict Okey Oramah says that Africa “should be a banker’s paradise”, but that it isn’t, “because of two things. The banks that are supposed to exploit this opportunity are not …
𝑪𝑺 𝒇𝒐𝒓 𝑾𝒂𝒕𝒆𝒓 𝑯𝒐𝒏. 𝑨𝒍𝒊𝒄𝒆 𝑾𝒂𝒉𝒐𝒎𝒆 presided over the grand opening of the Wilo East Africa Assembling plant in Nairobi. The Wilo Group is a 𝙢𝙪𝙡𝙩𝙞𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙜𝙧𝙤𝙪𝙥 𝙖𝙣𝙙 𝙤𝙣𝙚 …
Kenya’s largest Sacco in asset base and dividends, Stima Sacco, has been ranked as the best in three major categories in a historic annual show in Kisumu City. Stima Sacco …
Kenya is set to host the first-ever Business Ecosystems Summit (BES) in Kisumu City on Friday, September 1st, 2023. This is in line with ongoing key government reforms aimed at stimulating business …
The Bank of Kigali has committed to providing Sh17.9 billion worth of loans to farmers and businesses across the agricultural value chain. A portion of the funding will be provided …
Stima Sacco, the largest Sacco in the region in terms of asset base and dividends as per the last financial year, is set to embark on the groundbreaking of a …
Wandile Sihlobo, Chief Economist at the Agricultural Business Chamber of South Africa establishes the importance of the agritech sector and the continent’s role in it, “We have the potential. Now …
Tatu City Limited, Chandaria Properties, M&T Construction, and Steel Structures have commenced the construction of The Link, Kenya’s first Small and Medium Enterprise (SME) warehousing and logistics park with Special …
Land prices for Nairobi’s 18 suburbs stagnated as general demand slowed down in these areas, declining by 0.1 percent in the quarter but growing 1.2 percent in the year. The …
As it warms up in the Northern Hemisphere, Emirates SkyCargo is scaling up its cool chain capacity for perishables, preparing for a busy summer season of weddings and outdoor events. …
Centum Investment Company Plc’s real estate subsidiary has reported a KES1 billion pre-tax profit in the year ended March 31, 2023, marking a major turnaround for the business that reported …
Tatu City Water and Sanitation Company (TATUWASCo) has been recognized as the top-performing private utility company in Kenya for the second year in a row by the Water Services Regulatory …
The latest Stanbic Bank Kenya PMI™ data signaled a stronger downturn in the Kenyan private sector midway through 2023. Output and new orders both declined at faster rates, while inflationary …
How much do you spend on airtime daily? How much do you use in making calls per month? How about data, how much do you spend on purchasing meaningful bundles …
Leading consulting engineering and infrastructure advisory firm Zutari, headquartered in South Africa has officially been launched in the country after receiving registration as a fully licensed company in Nairobi, Kenya. …
Saving in Saccos is the best financial decision one can make for many reasons. Unlike other financial institutions, Saccos offer members a way of accessing credit by allowing them to …
Kyosk Digital Services, a digital-first and data-led distribution platform, is pleased to announce its expansion into the African fresh produce market with the launch of its Farm & Fresh line …
Kenya, known as the “breadbasket of Africa,” possesses vast agricultural potential, much of which lies unutilized, leading to massive food shortages across the country. Most farmers still rely on organic …
The rising interest rates in the country are expected to attract more investors towards short-term fixed-income investments in the upcoming 3rd quarter of 2023, Old Mutual Investment Group’s (OMIG) Q2 …
The land is a highly sought-after commodity that requires thorough due diligence to ensure that it is legally acquired and the purchaser obtains a valid title. Owning land in Kenya …
Esther Ngomeli, former Deputy CEO and COO for Redhouse Group has announced her exit from the company to establish Zenith East Africa Group, an integrated marketing and communication (IMC) agency …
Centum Investment Company has announced the establishment of the Two Rivers International Finance and Innovation Centre (TRIFIC). This follows the gazettement of the Two Rivers land as a private services-focused …
Kenyan businesses, small and large, are the lifeblood of the nation’s economy. However, lurking in the shadows, like a predatory feline eyeing its prey, is the antiquated beast known as …
A lot has been written about Flutterwave both in the Kenyan mainstream media and social media. Most of the stories written have been not about how the platform works but …
Kenya Airways and UBA Bank Kenya have partnered to give travelers a 15 percent discount for both local and international flights. Valid until June 30, 2023, all Kenya Airways customers …
CFAO Motors has announced its continued sponsorship of the World Rally Championship (WRC) Safari Rally for the third consecutive year. This sponsorship further strengthens Toyota’s commitment to pushing performance limits …
The use of cash in businesses around the country is declining. Millions of customers are making payments for products and services by use of either mobile money or card. As …
LG Electronics commands 60 percent of the OLED TV market by total shipments as of Q1 2023, the latest market research from Omdia shows. Recognizing LGs leadership and the continuing dominance …
Kenya, like many other African nations, is highly reliant on diaspora remittance to prop up its economy. Money sent home by Kenyans living abroad has grown exponentially over the past …
Stanbic Bank Kenya, a subsidiary of the Standard Bank Group, has been selected as a key strategic partner by the Government of Kenya, through the Ministry of Investments, Trade, and Industry, …
Public sector procurement is considered a cornerstone of strategic governance and a crucial pillar of service delivery. When one of Kenya’s leading state corporations, Kenya Electricity Transmission Company Limited, needed …
Bila Shaka has launched a new beer dubbed ‘Capitan’ Lager on the Kenyan market. Combining the rich traditions of brewing with innovative techniques, Bila Shaka aims to revolutionize the local …
At least 30 countries have shown interest to join BRICS and drop the use of the US Dollar. In a major shift of animosity against that dollar, the 30 countries …
This Mother’s Day, to millions of people around the world, is a special day when men and women express their love and gratitude for the incredible women who have nurtured …
Old Mutual Life Assurance Kenya Limited has posted a 23 percent topline growth in Gross Written Premiums to Kes 4 billion in the year ended December 31, 2022. At the …
Newly appointed Absa Bank Kenya Managing Director and Chief Executive Officer, Abdi Mohamed stepped out into the bustling Kawangware and Dagoretti markets to meet customers in a show of the …
Ports Sacco, formerly known as Mombasa Port Sacco, announced today its relaunch as part of its strategic growth plan to empower its members, drive financial inclusion and expand its national …
Mastercard has announced the winners of its second edition of the Women SME Leaders Awards at a virtual ceremony, celebrating the achievements of women-led businesses in 22 categories across multiple …
Britam Holdings Plc (Britam), in partnership with Oxfam in Kenya and global reinsurer Swiss Re, has launched an Index-Based Flood Insurance solution in Kenya to cushion small-scale farmers living along the …
Kenyan companies posted their lowest confidence levels on record in April, the latest PMI survey data showed, as inflation and political unrest led to a sharp fall in customer demand …
Who is Family? Some say family is the person you are related to by blood. Some say family is anyone who is there to hold your hand from nothing to …
Kenya’s largest Sacco in asset-base and dividend payment, Stima Sacco has increased its branch network to 12 with an addition of three new ones. The three additional branches are located …
AFEX, Africa’s leading commodities market player, is proud to announce it has secured first place in the Financial Times (FT) ranking of Africa’s Fastest-Growing Companies in 2023. Since it first appeared …
The African Continental Free Trade Area (AfCFTA) is a key opportunity for Africa to alleviate poverty, drive economic activity, and achieve prosperity for her people, says Standard Bank, a key …
HassConsult has announced results for the Hass property price indices for the first quarter of 2023, showing property prices were static at 0.02 percent. The performance of the market was …
Kijani Ridge, Kenya’s premier residential neighborhood, has launched a campaign dubbed “Chaguo ni Tatu” that rewards new buyers with a car, bonus plot, or cash. Prizes up for grabs include …
Safaricom and the Higher Education Loans Board (HELB) have launched the HELB-M-Pesa Wallet, a financial product for university students. The HELB Mini App will let beneficiaries access their HELB upkeep, …
The promise of greener pastures abroad has led many Kenyans to consider relocating overseas for work and studies. The most popular destination is the US, which is the leading source …
Uber has announced the launch of Uber ChapChap in Kisumu with minimum fares starting at just 150 shillings. “The launch of Uber ChapChap in Kisumu provides a more economical and …
Payments Processing the world over has seen a lot of changes necessitated by technological advancement and the increase in Volumes of transactions. Technology has made it easy for people to …
According to the Ministry of Industrialization, Trade, and Enterprise Development, there are approximately 7.4 million MSMEs in Kenya. The small businesses in Kenya account for roughly a third (24 percent) …
Family Bank has acquired a 20 million shillings loan portfolio guarantee facility from the FSD to increase its loan book to dairy farmers, cooperatives, dairy companies, and input suppliers. The …
Staying and working in the diaspora is always fun and comes with some sense of belonging and prestige. Family members and friends are always happy, and proud and want to …
Increases in purchasing prices as well as tax burdens are among the challenges hitting Kenyan companies hard by increasing their input costs. This is according to the latest PMI survey …
Raila Odinga, the former Prime Minister of the Republic of Kenya loves living large. He is a Luo and Luos love lives and Raila Odinga has never hidden from living …
The official net worth of the Kenyattas is not known. Some stats indicate that the family is worth 100 billion shillings, which is a pure lie because they are richer …
Kenya’s largest Sacco by dividends and asset base, Stima Sacco is targeting to net 30,000 new members with the opening of three more branches across the country this April. Stima …
Uganda has a vast potential for investment opportunities. With a population of over 45 million people and a growing economy, Uganda offers various sectors for investors to explore. If you …
Kenya is a rapidly growing economy with several investment opportunities. Here are some of the investment opportunities in Kenya: Agriculture: Kenya has a diverse range of agro-climatic zones, making it …
Owning a home is a dream for many people, but the high cost of housing in Kenya can make it seem like an impossible goal. Fortunately, Stima Sacco’s affordable mortgage …
The Kenya Reinsurance Corporation (Kenya Re) has reported a profit after Tax of 3.62 billion shillings for the year ended 31 December 2022, representing a 15 percent growth compared to …
Old Mutual Holdings PLC posted a 216% growth in profit before tax in the year ended December 31st, 2022, to close at a profit before tax of Kes 202 million, …
CFAO Motors Kenya has announced a partnership with Metal Equipment Co. Ltd, which will be the authorized conversion partner for the new improved Safari Landcruiser 79. This marks the first …
Tatu City has announced the completion of the 1 billion shilling final phase of infrastructure development for Kijani Ridge, with underground power, 24/7 water, and tarmacked roads now available throughout …
For all its innovative prowess and potential, the cryptocurrency and digital assets industry remains significantly male-dominated with women players, investors, and leaders being grossly underrepresented. This is further exacerbated as …
FSD Africa, a UK aid-funded specialist development agency, today celebrated a decade of strengthening financial markets across Africa, growing economies, increasing incomes for vulnerable populations, and combatting poverty. FSD Africa …
Britam Holdings has been named as one of the top 50 best-performing brands in East Africa, by Superbrands East Africa, following a consumer survey undertaken by Kantar Research, which evaluated …
Each county will have at least one industrial park dedicated to agro-processing facilities at the end of this year as the national government rolls out a multi-billion agricultural industrialization program …
TransCentury shareholders have given their approval for the conversion of shareholder loans as a mode of payment for rights in the reopened TC Rights Offer. During the TC Extraordinary General …
Faulu Microfinance bank has today announced a series of new measures aimed at financing farmers to acquire farm inputs for both livestock and crop farming as part of its product …
Digital money transfer services are now the preferred remittance channel for millions of Kenyan migrants living and working in the diaspora, thanks to their online nature that allows migrants to …
Dr. Samia Suluhu Hassan, President of Tanzania officially launched Africa’s Food System Forum 2023, Africa’s premier platform for advancing the agriculture and food systems agenda on the continent, at State …
The Aga Khan University (AKU) launched its 40th Anniversary celebrations, as it celebrated the graduation of the Class of 2022. Close to two decades after its launch in Pakistan, AKU began a …
As the SACCO business continues to become popular in Kenya due to its drive tailored toward enhancing savings, access to affordable credit, as well as enhancing financial inclusion, 47 percent …
In the past few days, virtually everyone has been talking about Sacco Dividends. Saccos around the country were releasing their annual financial results and announcing dividends to their members. March …
Africa Logistics Properties (ALP) and the International Finance Corporation (IFC) are partnering to accelerate the adoption of green building practices through the promotion of voluntary green building certification programs based …
There has been some frenzy about Kenya’s fastest-growing Sacco, Stima Sacco in the past few days. A section of customers could not access some services online with some speculations causing …
The African Suite at the 2023 Middle East Energy Exhibition and Conference in Dubai played host to the soft launch of the maiden edition of the African Energy Expo. Scheduled …
Microsoft has partnered with OCP Africa through its Africa Transformation Office, with the goal of positively impacting smallholder farmers and Agri-stakeholders across Africa by 2025. OCP Africa, an African company …
Absa Bank Kenya PLC and the eco.business Fund, an impact fund, has announced a 1.26 billion-shilling partnership for the bank to on-lend to domestic and export businesses participating in the …
Speaking to CNN, Allan Kilavuka, the CEO of Kenya Airways unpacked the role that the African Continental Free Trade Agreement could play in boosting passenger and freight traffic on the …
Premier Bank Limited from Somalia has received approval from the Competition Authority of Kenya (CAK) to acquire a 62.5 percent stake in the struggling First Community Bank in a deal …
Cleanshelf Supermarket and Cake City Bakery have opened their doors at Superior Homes Kenya’s retail center built at the frontage of Greenpark Estate. The entry of the two retailers brings unmatched …
Safaricom’s 6.0% drop in interim profit distribution to the shareholders follows a 10% fall in net profit for the six months that ended last September to 33.5 billion shillings.
Tatu City, Kenya’s first operational Special Economic Zone (SEZ), hosted the Ministry of Investments, Trade and Industry, and County Governors for a briefing and tour of the 5,000-acre new city …
Investors in the technology sector are becoming increasingly discerning when deciding which startups to fund. Startups must offer a clear and unique solution to attract funding. The looming recession has …
Abler Nordic, an investor in Kenya’s Juhudi Kiliom and Kenya Women Microfinance Bank, is targeting to fundraise at least 140 million dollars after a successful name change. “Kenya is one …
Stima Sacco’s loan book grew by 12 percent from 36.8 billion shillings to 41.3 billion shillings in 2022 according to the latest stats released by the investment vehicle during their …
It is not easy to shop for insurance in Kenya. There are so many players in the market and sometimes it is hard to tell who offers the best services. …
Manufacturers have called on the Government to develop and implement policies that will accelerate the transition to a circular economy. This was during the Loop Forum, hosted by the Kenya …
Crown Paints has entered into a strategic partnership with leading regional low-cost airline Jambojet that will see the firms collaborating in business and sustainability initiatives in Environment and Education. The …
A recent survey done on 2,600 people has shown that having an active interest in cryptocurrency could be the new language of love. According to the survey: An active interest …
Copyright © 2023 – All Rights Reserved | Business Watch
