Family Bank Board of Directors has appointed Architect Francis Gitau Mungai as the new Chairman of the Board of Directors, subject to regulatory approvals, taking over from long-serving Chairman Dr. Wilfred Kiboro. Dr. …
To provide an optimized banking experience, Stanbic Bank has begun upgrading its core banking system called Temenos 24 (T24). The upgraded system will move the Bank to the latest version. …
Safaricom Investment Co-operative has launched its 158th project in Eldoret, Uasin Gishu County in a move to expand its footprints across the country. Dubbed ‘Adelaide Creek’, the 30-acre land project …
UBA Group has clocked 75 years of being in business, spreading its wings to more than 20 countries around the world, including Kenya. The bank began operations in 1949 on …
RightCard Payment Services Limited, trading as LemFi, is pleased to announce that it has obtained additional approval from the Central Bank of Kenya (“CBK”) to operate remittances in Kenya. This …
After the fifth round of negotiations under the United States – Kenya Strategic Trade and Investment Partnership (STIP), United States Trade Representative Katherine Tai and Kenya’s Cabinet Secretary for Investment, …
UBA Kenya has officially marked 15 years of operations in the Kenyan market of providing banking solutions to both individuals and businesses. The 15-year-celebrations come at the same time the …
Property development firm, Mi Vida Homes has signed a strategic partnership with Kimisitu Sacco members in a move that will see Sacco members use their financial products and services to …
In a bid to address the critical need for infrastructure development across the continent, the Executive Director and CEO of UBA Africa, Mrs. Abiola Bawuah, has emphasized the importance of …
With a strong presence and a proven track record of success in Ghana, IndigoHomes has now launched WoodleyPark, a new development that targets Kenya’s rapidly changing real estate landscape. Leveraging …
Biztech Outlook has named Centum Real Estate the fastest-growing company to watch in 2024. Centum Re is East Africa’s largest real estate developer and investor building model cities ground up, …
CCI Global has announced the grand opening of its Tatu City Call Centre. This new five-story building inside Tatu City, the 5,000-acre Special Economic Zone on Nairobi’s doorstep, represents a …
The Ministry of Investments, Trade and Industry has today announced the release of Ksh. 1.125 billion for the ongoing phase one of the County Aggregation and Industrial Parks, popularly referred …
Peach Cars has joined forces with Umba Microfinance Bank to introduce a groundbreaking 24-hour car financing option for customers. Improving Access to Hassle-Free Car Financing The partnership between Peach Cars …
Stanbic Bank took center at the ongoing China-Africa Economic Trade Exhibition (CAETE) from 9th May -11th May 2024, reaffirming its commitment to strengthening relations between Africa and China. As the …
The Board of Safaricom Investment Co-operative has appointed Churchill Winstone Ochieng’ as the new Chief Executive Officer. Churchill brings on board over 25 years of experience in leadership, cash flow management, …
Amaiya by Mi Vida, a mid-market apartment complex situated within the Garden City Development is 70% pre-sold, Mi Vida Homes has announced. The project is the second phase of the …
The Stanbic Bank Kenya PMI® signaled broadly stable operating conditions across the private sector in April, as order book volumes and output levels were little changed since March. The 12-month …
In a strategic move to bolster growth and expand its market presence, Dune Packaging Ltd, a leading packaging solutions provider in East Africa has announced a significant minority equity investment …
Kenya has emerged as a haven for its wealthiest investors, as the country’s growth lures funds back home amid world turmoil and post-Covid slowdowns, reported Knight Frank, as it unveiled …
Absa Life Assurance Kenya (Absa Life), an Absa Group subsidiary, reported a 90% increase in headline earnings to KES. 862 million for the financial year ending December 31, 2023, driven …
Power Learn Project (PLP), a pan-African social impact organization, today announced the appointment of its new Board of Trustees, led by Nadia Ahmed Abdalla, the former youngest Deputy Minister (CAS) …
Family Bank has been awarded for Excellence in Customer Responsiveness at the Innovation and Excellence Awards East Africa during the 11th edition of the Connected Banking Summit. Family Bank was recognized for its exceptional commitment to …
HassConsult has released the Hass Property price index for the first quarter of 2024, showing a 2.7 percent growth in asking prices across all properties in the period despite high-interest …
Carrefour in Kenya has announced the opening of its 23rd store at GTC Mall in Westlands, Nairobi. The store, which features Carrefour’s self-checkout service, a Food to Go section, and …
Property developer, Mi Vida Homes, met with investors over the weekend at their iconic KEZA project in Riruta, Nairobi County as part of their strategic move to widen their customer …
Sidian Bank an SME-focused Bank in Kenya, has announced the opening of its 46th branch in Thindigua, Kiambu County. This move is part of the bank’s ongoing efforts to expand …
Kibo Africa has introduced the third generation of the Kibo 250R motorcycle, which aims to improve urban mobility standards. The new bike has a 250cc engine and a fuel economy …
Jambojet is embarking on a critical growth strategy as it celebrates its 10th anniversary. The budget airline which is owned by Kenya Airways is eyeing additional regional routes and boosting …
Members of the Chartered Financial Analysts Society East Africa have called on African states to fast-track institutional reforms for the harmonization of African Capital Markets. Speaking in Kigali- Rwanda during …
Many Kenyan commercial banks have released their annual financial results for 2023. As expected, all those that have released their results have made profits with hefty payouts to their shareholders. …
Kenyans paid more for water, gas, electricity, and less for transport in March despite the easing of the inflation rate according to the latest stats from the Kenya National Bureau …
Bolt has been awarded the “Best Ride-Hailing Platform, East Africa 2024” by Global Brands Magazine in terms of commitment to excellence, innovation, and customer satisfaction in providing seamless transportation solutions …
German-based cleaning equipment manufacturer Karcher has announced an approximate Ksh 428 million investment in the Kenyan market. The move was made to operationalize the business into a full subsidiary, which …
Integrated financial services firm Britam Holdings Plc today posted a Kshs 4.82 billion profit before tax for 31 December 2023, a sixty-five percent increment from the Kshs 2.92 billion recorded …
Old Mutual Holdings Plc. has today announced its financial results for the financial year 2023, highlighting substantial growth and profitability across all lines of its business. The Group’s operating profit …
Family Bank Group has reported KES 2.5 billion Profit After Tax for the full year ended 31 December 2023, representing a 13.3% growth compared to KES 2.2 billion posted in …
Tatu Woodworks, a bespoke company specializing in European-standard joinery services, has begun operations at Tatu City. With decades of international experience and deep technical expertise, the company will deliver turnkey …
Superior Homes has officially launched a Kshs 14 billion master-planned gated community in Lukenya, Machakos County, that seeks to offer an appealing live, work, and play environment for those seeking …
LemFi, a financial technology company building innovative international payment solutions, announced today that Allen Qu will lead the business’s expansion to China as Vice President of Growth. This announcement comes …
Stanbic Holdings Plc has announced a KES 12.2 billion profit after tax and a total dividend payout equivalent of 50% of its earnings for the financial year ended December 31, …
Sidian Bank is proud to announce its achievement of securing 2nd place in the tier three category at the Kenya Banking Customer Satisfactory 2023 Survey Awards. This recognition underscores Sidian …
Family Bank has been voted as the best tier two bank and overall third-best bank in customer satisfaction and digital banking experience in a 2023 survey conducted by the Kenya Bankers Association. …
Business activity expanded across the Kenyan private sector in February, according to the Stanbic Bank Kenya PMI®, as a further softening of inflationary pressures supported a fresh increase in new …
At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and …
Safaricom Investment Co-operative shareholders have approved a KES 142.4 million rebate payout during the 15th Annual General Meeting. The payout comes after the Society reported a KES. 203.4 million in net …
We had the chance to talk to Laurent Sarr, the Chief Technology Officer at Global Voice Group (GVG), to discuss the intricacies of revenue mobilization in Africa. With years of …
Java House is expanding its reach with two more Java House Express outlets to share “Java Love” with more guests. This strategic expansion is a significant step forward as Java …
Mi Vida Homes, a real estate developer in Kenya has announced the addition of new partners to its unique loyalty program, Mi Club. The program which was launched late last …
Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Kenya, has announced the launch of self-checkout services at its Village Market store. This is the second Carrefour …
Danish biotechnology firm Novozymes, which expanded its East Africa presence in 2019 with the opening of its Nairobi office, has successfully concluded its merger with Chr. Hansen. This is the …
LG Electronics Inc. (LG) the manufacturer of the LG brand of products that are popular in Kenya and all around the world, has reported record-breaking annual revenue for 2023, reaching …
Sidian Bank, a leading financial institution in Kenya, is proud to announce the grand opening of its Nyali branch in Mombasa. This expansion initiative aims to bolster support for the …
RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of …
Kenya’s private sector economy moved closer to growth territory in January, according to the latest PMI® survey data. Business activity and new order volumes dropped only fractionally, while firms expanded …
HassConsult has unveiled the Hass Land price index for the fourth quarter of 2023, showing that the average price of an acre across the city’s suburbs grew at the fastest …
HassConsult has released the Hass Property price index for the fourth quarter of 2023, revealing a marked reversal of property sale and rental asking price trends in the fourth quarter …
M-Pesa users will no longer be able to send money to unregistered numbers in a new communication from Kenya’s telecommunications giant, Safaricom in a move to “drive financial inclusion and …
Asset financing company Watu Credit (Watu) and Spiro, a pioneer in sustainable urban mobility solutions, have announced a partnership to improve access to affordable financing for electric motorbikes in Kenya. …
UBA Kenya has officially announced the appointment of Ms. Mary Mulili as its new MD/CEO, effective 19 January 2024, subject to regulatory approval. The appointment of Ms. Mulili marks a …
Air France, a global leader in aviation, continues to solidify its commitment to providing exceptional service and connectivity in Africa. Driven by its dedication to excellence, Air France continues its …
The government has affirmed its commitment to revising the taxation system, aiming to encourage more Kenyans to enter the manufacturing industry. This was announced by Dr Juma Mukhwana, Principal Secretary …
Old Mutual Limited today announced the sale of its full stake in UAP Insurance Tanzania, its short-term insurance business to a group within its current Minority Shareholding, pending regulatory approval. This …
E-mobility company, Agilitee, has announced its entry into the Malawian market through a strategic partnership with Innobuild Motors Limited, a subsidiary of Innobuild Group. “Innobuild Malawi is delighted to announce …
Panda Mart, a global chain store with a presence in more than 12 countries in the continent, has officially opened its doors to Kenyan shoppers offering a wide range of …
Bolt has announced the launch of a new feature on its app, called ‘Driver Compliments’. The new feature will prompt riders to give a specific, additional piece of positive feedback …
Leading real estate developer Superior Homes (Kenya) PLC has signed a partnership with Absa Bank Kenya that will see home buyers enjoy 90 percent financing. Through the partnership, Absa Bank Kenya will provide …
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of …
Mi Vida Homes, a leading real estate developer in Kenya has announced the complete sell-out of its highly anticipated flagship project, Mi Vida Garden City, pointing to the increased demand …
Sanlam Investments East Africa Limited (SIEAL) has today released their 2024 Investment Themes and Outlook report. In 2024, SIEAL projects an improving global macroeconomic backdrop as global monetary policy becomes …
Convergence Partners today announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva Holdings Limited to acquire 100% of Datacentrix Group. The acquisition …
As part of a consolidation of teams within CSI Energy Group, Natacha Emilien has been promoted to Deputy Group CEO of the company. She previously held the position of Chief …
About 90 percent of Bank of Kigali (BK) customers will access their services on digital channels within the next year, CEO Dr Diane Karusisi has said. Heavy investment in modern …
The latest Kenya PMI® findings signaled a strong move towards stability in private sector business conditions in December, helped by a considerable cooling of inflationary pressures. Rises in input costs …
Bolt, the leading on-demand mobility platform in Africa, has introduced a new cancellation option in its app, aimed at deterring users on its platform from taking offline trips and paying …
This year, Bolt turned 10, reaching 150M+ customers across more than 500 cities worldwide in 45 countries. This year’s Bolt Rewind data reveals what customers across the world have in …
Everyone needs a roof above their heads. According to the Worldometer, Kenya’s 2023 population is estimated at 55,100,586 people at mid-year. Kenya’s population is equivalent to 0.68 percent of the …
This holiday season presents a prime opportunity for businesses to capitalize on the transformative potential of Web3 payments, especially considering the anticipated surge in transactions during this traditionally capital-intensive period. …
Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi’s doorstep, has strengthened its workforce with over 100 key appointments in 2023 as businesses and homeowners from Kenya and …
The International Finance Corporation (IFC) has concluded and signed an equity investment worth KSh3.08 billion ($20.9 million) into IHS Kenya, a US-owned Southern African Private Equity fund manager that is …
After months of speculations and accusations against Watu Credit, an Asset FinTech revolutionizing mass-market mobility across Africa through financial inclusion and accessibility, the Senate has cleared the company of any …
Printcare has chosen ALP West Logistics Park as the site for their upcoming manufacturing and packing plant in Kenya. Scheduled to commence operations in April 2024, this facility aligns with Printcare’s …
The Lake Turkana Wind Power project, a sprawling expanse of majestic turbines standing tall against the stark horizon, is not merely a collection of giant blades cutting through the air …
Flutterwave has acquired payment licenses in 13 states in the United States of America as part of the company’s strategies to dominate the remittance market in Africa. Remittance from Africans …
LG Electronics East Africa has today announced an exciting month-long campaign designed to spread joy and cheer throughout the festive month of December. This special promotion is set to bring …
This year will be remembered as the moment that we, as individuals, began to harness the power of AI in our daily lives. The last 10 months reflect years of …
In a pioneering move to foster stronger ties with the diplomatic community. The event served as a pivotal platform to discuss collaborative efforts aimed at enhancing trade linkages, promoting economic …
African Export-Import Bank (Afreximbank) announces that the third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion of business deals and transactions valued at …
Tatu City has been identified as a model for Environmental, Social, and Governance (ESG). During the recent 2023 Africa Economic Zones Organization (AEZO) SEZ Annual Meeting in Morocco, Tatu City …
British International Investment (BII), the UK’s development finance institution and impact investor, today announced $5 million in debt funding for BasiGo Ltd., Africa’s leading Electric Bus solution provider. The funding …
Business conditions in Kenya remained in a steep decline halfway through the final quarter of the year according to the latest PMI® survey data, amid sizeable falls in output, new …
Kenya Wine Agencies Limited (KWAL) has revamped one of its iconic brands, Kibao Vodka, by repositioning it as an aspirational brand to meet the ever-evolving consumer tastes, in line with the company’s …
Glovo has released its annual report “Glovo Delivered” showing key insights and trends derived from an in-depth analysis of user consumption habits in the app throughout 2023. Kenyan Taste Experiences …
Family Bank Group has posted a KES. 3.02 billion Profit Before Tax for the period ended 30 September 2023. During the period, total assets increased to KES 140.97 billion a …
Premier Bank Kenya is elated to announce the opening of the Baraka Bazaar branch in Eastleigh, a vibrant business hub in Nairobi-Kenya. This expansion is in line with the bank’s …
Java House has launched its first branch in Meru County, signaling the growing influence of the region as an investment, tourism, and business destination. The new outlet, located at the …
Browns Investments PLC has announced the completion of its acquisition of Kenyan tea estates business James Finlay Kenya from Finlays. The sale was first announced in May 2023, with Finlays …
RUBiS Energy Kenya has launched RUBiS Gas at an exclusive culinary experience – the ‘Ultimate Chef’s Table’ in collaboration with Pikika Brunch. Pikika Brunch is one of Kenya’s premier cooking festivals that provides an exciting and …
BK Group has reported a 26.7% jump in net profit to KES20.4 billion for the 9 months ended September 30, driven by robust growth in interest income. BK Group’s total …
In the past six months, Bolt has discontinued the services of more than 5,000 drivers from its platform due to non-compliance and safety-related matters. Additionally, Bolt has dedicated over 20 …
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