Rubis Energy Kenya has expanded its petroleum product market share by bailing out the National Oil Corporation (NOC) of Kenya Ltd. Rubis Energy Kenya has partnered with NOC Kenya through …
LG Electronics (LG) East Africa, in partnership with Carrefour, has launched an exclusive shopping campaign featuring special discounts and giveaways. Dubbed the LG Brand Festival, the campaign, which runs from March …
Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Kenya, announces the launch of its 24/7 express grocery delivery service in Nairobi, Diani, and Nyali, the first …
The National Oil Corporation of Kenya Ltd (NOC) has entered into a strategic partnership with RUBiS Energy Kenya, marking a significant milestone in the enhancement of Kenya’s oil and gas …
GlaxoSmithKline Limited (GSK) in Kenya has officially changed its legal entity name to Haleon Kenya Limited. Haleon was launched as an independent consumer health company on 18 July 2022, following …
Stanbic Bank Kenya has financed a significant fleet acquisition deal, enabling Vivo Energy Kenya to secure 69 state-of-the-art Hyundai Tucson vehicles for its sales teams. This milestone partnership brings together …
Technology company Telkom Kenya has signed a Memorandum of Understanding with mobile equipment vendors Rakuten Symphony and Airspan Networks. This collaboration will see the parties invest in a joint laboratory …
President Donald Trump’s policies have continued to wreck havoc on the US Stocks, whipping out trillions of dollars with analysts saying that the worst is yet to come. On Monday, …
Kenyan businesses reported another improvement in operating conditions in February, continuing the growth streak that began in late-2024, as survey evidence signaled that a greater stabilization of the wider economy …
To mark International Women’s Day, the Nairobi Securities Exchange (NSE), in collaboration with the International Finance Corporation (IFC), Global Compact Network Kenya, and UN Women, joined over 100 stock exchanges …
Kenya’s GDP is expected to grow at 4.9 percent in 2025, characterized by sectoral rotation from agriculture to construction and financial services. This is according to the latest stats contained …
Kenya announced the plan of buying back the 7-year tenor USD 900.0 million Eurobond tenders issued in 2019 with a maturity of May 2027. In the announcement, Kenya stated that the …
For the past two decades, the Kenyan real estate market has grown exponentially as evidenced by its contribution to the country’s GDP which grew from 10.5 percent in 2000 to …
Kenya Revenue Authority (KRA) has established a new department named the Micro & Small Taxpayers (MST) Department that will mainly focus on medium and small businesses across the country. This …
The journey toward financial inclusion begins with trust. For individuals unfamiliar with formal financial systems, having low-cost and reliable ways to deposit and withdraw money — cash-in, cash-out (CICO) services …
Stanbic Holdings Plc has reported a 13% increase in Profit after Tax to KES 13.7bn for the year ended 31 December 2024. The increase came on the back of lower …
Family Bank has strengthened its presence in Kisii by relocating its branch to Zonic Hotel along Hospital Road, a more accessible and convenient location. This move which is aimed at improving customer …
I&M Bank is accelerating its retail expansion under the iMara Strategy (2024-2026) with plans to unveil nine new branches in the first quarter of 2025. This initiative builds upon last …
Absa Bank Kenya hosted an open day at Maisha Developments in Tilisi, Limuru to engage with homeowners and real estate investors, amid falling interest rates, which has opened doors for …
Kenya’s poultry farmers are furious with Farmers Choice Limited (FCL) for importing cheap chicken from Uganda instead of purchasing locally produced products. Led by the Kiambu Poultry Farmers Cooperative Society, …
Unknown private firms with unknown directors, totally operating from the shadows, purporting to run the Kenyan government’s eCitizen platform, pocketed at least 1.45 billion shillings in the year ended June …
What’s the first thing that pops into your head when you hear “Sharia-Compliant”? Be honest. You probably assume it’s a product or service exclusively tailored for Muslims. It’s a natural …
Absa Bank Kenya has launched an enhanced Prestige Banking offering, a financial proposition designed for salaried professionals and entrepreneurs. The enhanced offering aims to bridge a key gap in banking …
Global Technology company Seiko Epson Corporation [Epson] has announced the appointment of Junkichi Yoshida as President and Chief Executive Officer, effective April 1st, succeeding Yasunori Ogawa, who will transition into the role of …
Naivas Supermarket has opened its 110th in Kenya in Kenya at Tatu City – further expanding Tatu City’s amenities and ecosystem, allowing residents to live, work, and play in vast …
Kenya Airways (KQ) has expanded its fleet with the addition of a Boeing 737-800, taking its operation to 35 aircraft. This addition is part of KQ’s ongoing fleet expansion strategy …
British American Tobacco (BAT) Kenya has dismissed allegations of financial discrepancies highlighted in a report by The Investigative Desk titled Missing Millions: A Cross Examination of British American Tobacco Kenya’s …
The Kenya National Police DT Sacco has released its financial results for the previous year, showcasing a journey of financial triumph and member-focused success. Sacco reported an increase in its …
Kenya Revenue Authority’s gross VAT collection reached a historic monthly revenue of Ksh 34.552 billion in January 2025 according to the latest stats from the taxman. This marks the first …
Remittances from Kenyans living abroad declined in January 2024, falling by KSh2.3 billion compared to December 2024, according to the latest data from the Central Bank of Kenya (CBK). This …
UBA Kenya has lowered its lending rate from 16.22 percent to 14.79 percent in a major move to cushion borrowers against higher loan interest rates. The move follows the Monetary …
Absa Bank Kenya has cut its lending rate with the biggest margin of 3 percent for its new and existing borrowers in what it says is aimed at “letting customers …
After reducing lending interest rates by 0.75% in the 4th quarter of 2024, I&M Bank has again reduced its Kenya Shillings lending interest rates further by 2.00% effective 01/03/2025. This …
Equity Bank (K) Ltd is pleased to announce a reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities, effective February 13th, 2025, for new loans and …
William Ruto has invested at least 46 billion shillings collected from Kenyans as Housing Levy into Treasury Bills (T-Bills). The 46 billion is about 51 percent of the total amount …
KCB Bank has announced a reduction in its lending rate, lowering it from 15.6 percent to 14.6 percent, effective February 10, 2025. This move, according to the lender, is part …
LG Electronics (LG) has today announced Donghun Lee as its new President for East Africa (EA), effective immediately. He replaces Dongwon Lee, who has led the region since January 2023. …
Reforms at the Kenya Revenue Authority’s (KRA) Customs and Border Control are beginning to yield notable results, after Customs taxes reached a historic monthly performance of Ksh 82.554 billion in …
Kenyan business conditions improved further as 2025 began, according to the Stanbic Bank Kenya PMI®, with expansions in output and new orders signaled for the fourth month running. Activity growth …
Kenyans who claim to be customers of the Kenya Commercial Bank (KCB Group) have taken to X (Twitter) with scary revelations that have left many considering their banking decisions. The …
Bolt is currently the most popular taxi-hailing app in Kenya in terms of affordability and availability. Be it a motorbike, a car, or a scooter, Bolt has become one of …
Shri Krishana Overseas Limited (SKL) reached a historic milestone on Saturday, February 1, 2025 announcing the pre-launch of its listing on the Nairobi Securities Exchange (NSE) under the SME/GEMS category. …
Base Titanium has been ordered to pay Kenya Revenue Authority (KRA) 23.3 million shillings as withholding tax for the year 2021. The company, which has shut down operations in Kenya, …
Real estate developer, Mi Vida Homes, has entered a strategic partnership with HF Group Kenya in a move that will see potential home buyers receive a holistic homeownership ecosystem beyond …
Sri Lankan food giant, CBL Group, has announced a strategic partnership with global logistics firm Expolanka Freight Limited, and local distributor Peniel Acumen Distributors to establish a distribution hub in …
Spiro Kenya, Africa’s leading Electric Vehicle Company, has announced an exciting partnership with Bodaboost to introduce Kenya’s first-ever Sharia-compliant financing solution for electric vehicles (EVs). In its pilot phase, this …
The Nigeria Central Bank will henceforth automatically deduct cash from banks that receive money that later turns out to be fraudulent in an effort to curb the illicit movement of …
Kenya Revenue Authority (KRA) collected Kshs 1.243 trillion as of 31st December 2024. This reflects a growth of 4.5% compared to the collection of Kshs 1.189 trillion realized in the …
Family Bank has moved its Kangemi branch next to the Kangemi market in a bid to bring financial services closer to customers while enhancing customer experience, operational productivity, and efficiency. …
Java House, East Africa’s leading coffee chain has been sold by UK’s Actis. This makes it the fourth time the coffee maker is getting new owners. Java is being sold …
Spiro Kenya, the country’s leading electric motorbike manufacturer, has rolled out an ambitious plan to introduce at least 50,000 internal combustion engine (ICE) motorbikes with electric ones in 2025 in …
Land prices in Nairobi’s satellite towns grew at the slowest pace since June 2023 as a tough economic environment stifled demand. The average cost of an acre of land satellite …
A majority of the population in developing countries, especially in rural communities, is excluded when it comes to access to financial services. According to World Bank Group, Findex data, close …
The Kenya PMI® indicated a build-up of price inflation at the end of 2024, as a sharp increase in input costs led private sector firms to raise selling prices at …
Carrefour in Kenya has opened a new store at Rhapta Promenade Mall in Westlands, Nairobi to enhance convenience and increase accessibility for its customers. This is the sixth store opening …
Jack Daniel’s has introduced Jack Daniel’s Tennessee Apple, a blend of Jack Daniel’s Tennessee Whiskey with finely crafted apple liqueur. The newest member of the Jack Daniel’s family. Speaking at …
When it comes to exchanging foreign currencies in Nairobi, Satellite Forex stands out as the premier destination for individuals and businesses alike. Located conveniently in the heart of the city, …
Family Bank has celebrated four decades of empowering communities, fostering economic growth, and championing financial inclusion in Kenya. Since its inception, the Bank has played a pivotal role as a …
Kenya Revenue Authority (KRA) has renewed its unwavering commitment to combat corruption within the agency. This renewed focus comes with the introduction of a series of robust measures designed to …
Bolt, a leading mobility platform across Africa and Europe, has officially launched Bolt Market, its new grocery delivery service aimed at making everyday shopping more convenient. With this expansion, Bolt taps …
KRA has hit the one trillion mark after collecting Kshs 1.005 Trillion as of 30th November, 2024 reflecting an upward trajectory in revenue collection, compared to previous financial year (2023/2024), …
During President Bola Ahmed Tinubu’s state visit to France, UBA Group Chairman Tony Elumelu signed a key business agreement with the French Finance Minister, Antoine Armand that will see UBA …
Banking is no longer just about transactions; it’s about connections, growth, and transformation. UBA Kenya redefines what it means to be a bank by blending innovation, inclusivity, and global reach. …
UBA Bank Group has rolled out a rights issue worth 18.5 billion shillings (Under the current exchange rate) targeting to sell at least 6,839,884,274 ordinary shares of 50 kobo each …
Family Bank Group’s Profit Before Tax for the nine months of 2024 grew by 8 per cent to KES 3.26 billion, up from KES 3.02 billion in the same period …
In response to the Central Bank of Kenya’s (CBK) recent reduction of the Central Bank Rate (CBR), I&M Bank has announced a further reduction of its Interest Rates by 0.5%, …
Stanbic Bank has announced a KES 10.1 billion profit after tax for the nine month period ended September 30, 2024. The Bank with operations in Kenya and South Sudan, attributed …
I&M Group achieved strong operating revenues across all markets, with regional businesses contributing 28% of the Group’s Profit before Tax. This growth was fuelled by substantial gains in operating income, …
Absa Bank Kenya PLC has reported a profit after tax of Kshs. 14.7 billion for the third quarter ending September 30, 2024, reflecting a 20% increase compared to the same …
Equity Bank (K) Ltd is pleased to announce a reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities, following the recent decision by the Central Bank …
Kenya Revenue Authority (KRA) has surpassed its October 2024 revenue target after recording a 7.3% growth in revenue collection. KRA collected Kshs 210.429 Billion against a target of Kshs 203.469 …
Kenyan firms saw a renewed improvement in operating conditions at the start of the fourth quarter. Activity levels expanded amid a broad stabilization of new work, while employment increased for …
Kenyans’ transaction value on M-Pesa rose by 10.7% in the first 6 months of 2024 reaching 20.85 trillion shillings. The number of one-month active customers grew by 4.1% to 33.46 …
Carrefour in Kenya, has opened its 25th store at Runda Mall in Nairobi. The opening comes just one month after the launch of a store in Ruiru town, signaling the …
Salesforce’s latest State of the AI Connected Customer research reveals consumer trust in companies is at a record low and that AI is raising the stakes for brands. Today, 60% …
Apprehensions related to fiscal policy changes and social unrest, most notably the June 2024 Finance Bill protests, have contributed to a slight dip in Kenya’s overall trade attractiveness according to …
As the festive season draws near, Carrefour Kenya has rolled out its signature Black November campaign, a shopper’s paradise filled with jaw-dropping discounts of up to 50% on most items, …
Java House has officially opened three new branches as it heads to 100 branches across the region before the end of the first quarter in 2025. The new outlets fall …
Standard Chartered Group PLC has announced its Q3 2024 results, highlighting a strong performance that reflects the success of its strategic focus on cross-border corporate, investment banking, and leading wealth …
I&M Bank Kenya has reaffirmed its commitment to digital transformation and customer experience excellence by extending its strategic partnership with Backbase, the provider of the Engagement Banking Platform. The renewed …
LG Electronics (LG) East Africa has announced an exclusive Black Friday campaign that will see customers get special discounts across a wide range of select home appliances and entertainment products. …
BasiGo, the leading provider of electric bus solutions in sub-Saharan Africa, has today announced the successful closing of US$42 million in new capital. The funding round consists of US$24 million …
The Kenya Association of Manufacturers (KAM), in partnership with the Ministry of Investments, Trade, and Industry has officially announced the 7th edition of the Changamka Kenya Shopping Festival under the …
Kenya’s streets are buzzing with a quiet revolution, one that hums rather than roars. As the largest assembler of electric bikes in the country, Spiro Kenya has cemented itself as …
The Kenya Revenue Authority (KRA) Commissioner General Mr. Humphrey Wattanga has announced that KRA will be going ham in embracing Artificial Intelligence to enhance revenue collection and reduce tax evasion …
Carrefour Kenya has introduced its ‘Buy Kenya, Build Kenya’ campaign to boost local manufacturing after the recognition of Carrefour’s operator, Majid Al Futtaim, by the Kenya Export Promotion and Branding Agency …
Stanbic Bank Kenya has signed a Memorandum of Understanding (MoU) with Simba Corporation, a leading distributor of renowned automotive and asset brands. This partnership will see the Bank offer comprehensive …
Kenya Airways (KQ) has launched The Asante Executive Hub, a first-of-its-kind government travel center at Kenyatta International Convention Center (KICC) in Nairobi. This unique hub is designed to offer one-stop …
Autochek Kenya, the leading automotive technology company transforming the automotive experience for African consumers, is excited to announce a strategic partnership with Turaco Insurance Agency Kenya (T/A Turaco), the innovative …
Carrefour Kenya has announced the opening of its 24th store in the country, located in Ruiru Town at the newly developed Nord Mall. The store opening is in line with …
If you are looking for a phone, laptop or even shirts, then the Kenya Revenue Authority (KRA) has you covered with the announcement of a new auction that has kicked …
The Kenya Revenue Authority (KRA) has recently been ranked as the third-best performing parastatal in Kenya, according to an extensive report compiled by Kenya Trak Research Firm. This ranking highlights …
Safaricom Customers will now be able to purchase airtime via M-Pesa from as low as 1 shilling in a move that the giant telco hopes to use to get more …
KLM Royal Dutch Airlines has unveiled its first Airbus A321neo, as it begins the journey to replace its Boeing 737 fleet with cleaner, quieter, and more efficient aircraft and flight …
Listed cement manufacturer Bamburi Cement Plc has formally confirmed receipt of a Ksh 25.4 billion counter offer from Savannah Clinker Limited, a local building and construction solutions provider seeking to …
African Originals, Kenya’s leading craft beverage producer, has officially joined the Bar, Hotel, and Liquor Traders Association (BAHLITA) as part of its strategic efforts to foster meaningful partnerships within the …
The Stanbic Bank Kenya PMI® indicated a mild recovery in business conditions during August as the impact of protests faded, allowing firms to broadly resume normal operations. Activity levels rose …
The MACNUT Association, representing local Macadamia nut processors, is calling on the Government of Kenya through the Ministry of Agriculture to address the critical challenges facing the macadamia nut processing …
Investors in the ailing Cytonn Investments have come out to air their frustrations, calling out the CEO of Cytonn, Edwin Dande for frustrating their efforts to access the millions of …
Old Mutual Holdings PLC has today announced a profit after tax of Kes327 million for the first half of 2024. This marks a remarkable turnaround from the Kes195 million loss …
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