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 …
Listed diversified financial services firm Britam has posted an 18 per cent rise in pre-tax profit to hit Ksh2.8 billion for the six months ending June 30, 2024. The strong …
Family Bank Group has posted a KES. 2.32 billion Profit Before Tax in the first six months of 2024. This is a remarkable 15.4% increase compared to KES 2.0 billion …
Bolt has announced a 10% increase in base fares across all its ride categories. This decision reflects Bolt’s ongoing dedication to providing fair compensation and enhancing working conditions for its …
Absa Bank Kenya PLC has reported a profit after tax of Kshs.10.7 billion for the half year ended 30 June 2024, a 29% increase over the same period last year, …
Standard Chartered Bank Kenya Limited has released its results for 30 June 2024. “We delivered a strong set of results for the first half of the year with profit before …
I&M Group PLC has increased its Profit Before tax by 24% to KES 8.7 billion in the first half of 2024, up from KES 7.0 billion in the same period …
Kenyans who had taken advantage of the reverse calls offered by Safaricom so that they could never use their money to make calls are in for a rude shock after …
Absa Bank Kenya PLC has announced plans to expand its reach with over 17,000 agency service outlets across the country in two years. The first phase of this rollout will …
CFAO Mobility has handed over a fleet of 14 Hino buses, financed by Family Bank at a value of Ksh 103 million, to MetroTrans Bus Company, underscoring its commitment to …
The Cabinet Secretary for the National Treasury and Economic Planning, Hon. John Mbadi, has urged the Kenya Revenue Authority (KRA) to adopt more innovative and technologically advanced strategies to enhance …
For the first half of the financial year ending June 30, 2024, Kenya Airways (KQ) achieved a profit after tax of Kshs 513 million, from the Kshs 21.7 billion loss …
Stanbic Holdings Plc has announced a KES 7.2 billion profit after tax for the half year ended June 30, 2024. The listed company with operations in Kenya and South Sudan, …
Protests in Kenya disrupted the private sector in July, leading to a marked deterioration in business conditions. Political instability led to a reluctance among customers to commit to new orders, …
The Capital Markets Authority (CMA) has granted a license to Mi Vida Homes Limited to operate as a Real Estate Investment Trusts (REITs) Manager in a bid to deepen and …
Pwani Oil Products Limited (Pwani Oil) has unveiled its upgraded Ushindi Multipurpose Bar Soap, which has been reformulated to make it stronger, more durable, and gentler on hand while maintaining …
Superior Homes Kenya has expanded its footprint, launching its first project in Ruiru, Kiambu County. This follows the success of the 163-acre Greenpark Estate and the launch of the 172-acre …
HassConsult has released its Hass Property Price Index for the second quarter of 2024, revealing a modest 1 percent increase in property sales prices across Nairobi. This growth, while slower …
LG Electronics (LG) has reported a double-digit growth in its operating profit for the second quarter of 2024, driven by increased sales in home appliances and vehicle components. The company …
The surge in cryptocurrency adoption over the last decade, with Bitcoin’s value skyrocketing 100% to 200% annually, has propelled cryptocurrencies into the mainstream. The more cryptocurrency enthusiasts purchase crypto or …
Small and Medium-Sized Enterprises can now access affordable insurance services for extensive protection of business assets, mitigation of risks, employee health, and seamless business continuity. This bundled insurance innovation, dubbed …
Faulu Microfinance Bank, a subsidiary of the Old Mutual Group, is set to unveil new solutions to seal the gaps in financial service access affecting landlords, agents, and other players in real …
Property developer, Mi Vida Homes, hosted over 200 business partners for dinner at Nairobi’s Radisson Blu hotel, in a strategic move that aims at deepening business ties and growing the …
Hotpoint Appliances Limited, one of the leading sales channels of LG appliances and equipment, is offering mega-discounts of up to 40% as part of its 40th-anniversary celebrations, which began at …
Nippon Paint, the world’s fourth-largest paint company by revenue, has made a significant move into the East African market after officially launching in the market. The company’s wholly-owned subsidiary, “NIPSEA …
Kenyan business activity fell sharply in June amid reports of widespread economic challenges and a negative impact on sales from protests and policy uncertainty. New business intakes dropped at the …
Leading multi-category app, Glovo, is thrilled to announce the appointment of Daphne Kabeberi as the Impact and Sustainability Lead for Africa. This strategic move underscores Glovo’s commitment to shaping a …
Shri Krishana Overseas Ltd, a leading packaging solutions provider, has announced its intention to list by introduction on the Nairobi Securities Exchange (NSE). Shri Krishana Overseas plans to list by …
Jambojet Limited has officially launched a new direct flight route from Zanzibar to Mombasa, Kenya, as part of a strategic investment in the aviation sector to bolster socio-economic growth, particularly …
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