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 …
BK Group Plc investors are set for an early Christmas gift after the board approved an interim dividend payout of KES1.05 per share. The dividend disbursement will be made just …
Absa Bank Kenya PLC has reported net earnings of Kshs.12.3 billion for the nine months ended 30 September 2023, a 15% increase over the same period last year, driven by …
Property developer, Mi Vida Homes, has commenced construction of its three key projects, namely Amaiya and 237 GC anchored within Nairobi’s Garden City Development and KEZA in Riruta, as it …
The Board of Directors of Family Bank has announced that Managing Director & Chief Executive Officer Rebecca Mbithi will be transitioning from the bank after a five-year term at the …
Tanzania’s drive to industrialize its sunflower sector has stumbled for the 2023/2024 growing season on a deal to bulk-source high-yield seeds for the country’s one million sunflower farmers. The deal, …
Jambojet, Africa’s leading low-cost airline, has announced a new route from Mombasa to Zanzibar, set to commence operations in July 2024. The Mombasa – Zanzibar route comes with the advent …
The month of November is often referred to as the “Black Friday” month. Some just call it The Black November. It is the only month in a year that most …
The United Nations Development Program (UNDP), World Bank, and Kenya Investment Authority (KenInvest) have today announced a new partnership to develop and implement an Investment Facilitation Framework and Foreign Direct …
Africa’s leading integrated communications agency, 3 Verse (3VR) has triumphed in a hotly contested global pitch for East African tech giant Safaricom. The agency was appointed as the lead creative …
Absa Bank Kenya’s ongoing commitment to making a positive environmental impact through sustainable lending practices was recognized by the Kenya Bankers Association (KBA) during the seventh edition of the SFI …
In a move aimed at enhancing continuous access to affordable, flexible, and convenient credit amid the ongoing credit crunch, Kenya’s largest non-bank lender by market share, Tala, has introduced a …
Zimele Asset Management has launched a new digital administrative and investment solution that will not only offer chamas attractive investment returns but will also give the members greater control and …
The first Special Economic Zone with a gazetted customs control area in East Africa has been launched at the Nairobi Gate Industrial Park tailored towards supporting manufacturing, industry, economic growth, …
African giant fintech, Flutterwave, has been cleared of all wrongdoing and is now free to operate on the Kenyan market. The good news comes ahead of the company’s plans to …
Safaricom (NSE: SCOM) has recorded a strong growth in profitability for the six months to 30th September 2023 with the Kenyan business hitting a double-digit growth in Net income to close …
The United States Agency for International Development (USAID) awarded BasiGo a USD 1.5 Million grant through its Development Innovation Ventures program. The grant directly supports BasiGo’s pilot program in Kigali …
HassConsult released the Hass Property Sales and Rental price indices for the third quarter of 2023, revealing a drop in average sales prices of 1.1 percent in the quarter, resulting …
Fans of LG products in Kenya are set for a delightful surprise as LG Electronics East Africa launches its highly-anticipated Black Friday campaign, which will run for the entire month of November. …
Kenyan private sector firms faced unprecedented inflationary pressures in October, the latest PMI® survey data showed, driven by a further rise in fuel prices and ongoing currency weakness. Input costs …
Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has again announced a splendid performance in its unaudited financial results for the third …
Pwani Oil has launched its latest innovation, Sawa Milking Jelly, an all-natural and preservative-free product that offers the dual benefits of skincare and milking. This groundbreaking addition to the Sawa …
The Government of Kenya has temporarily stopped the export of avocados from the country starting this Friday to allow the fruits to mature after allegations that some traders were exporting …
The 6th Edition of the Changamka Kenya Shopping Festival has officially kicked off at the Kenyatta International Conference Center (KICC) with calls on Kenyans to take advantage of the Festival and …
Kenchic has attained the Food Safety System Certification for its state-of-the-art processing plant located in Thika. “This certification reaffirms our dedication to ensuring that our customers receive the highest quality …
Kenya Power and Lighting Company (KPLC) reported a 3.19 billion shillings net loss for the year ended June 2023, blaming it on the sharp rise in financing costs on its …
With all factors constant, the Kenyan shilling is headed towards the 160-shilling mark against the US Dollar, kicking off the day at 157 shillings, the lowest the local currency has …
Kenyan businesses are increasingly keeping away from commercial banks from taking loans and paying suppliers, instead opting to negotiate with suppliers and get their products on credit. This is according …
Kenya’s largest non-bank lender by market share, Tala, has named Annstella Mumbi, as its new General Manager for the Kenya Unit effective immediately, making her one of the small number …
Miraa traders will be stopped from transporting the product using pick-ups, proboxes, and motorbikes if the new proposed legislation that is pending before the Senate becomes law. In a move …
A few days after the National Transport and Safety Authority (NTSA) said that it might not renew the operating license for Kenya’s taxi-hailing app, Bolt for mistreating drivers through poor …
Singer and businesswoman Akothee has called out Absa Bank Kenya for failing to update her on an ongoing case where a man stole more than 700,000 shillings from her business …
United Bank for Africa (UBA), has launched the UBA Braille Account Opening Form, a first-of-its-kind initiative in Kenya, designed specifically to cater to the financial needs of the visually impaired. …
Sahimiye Foundation has called on De La Rue, the world’s biggest printer of banknotes, to cancel a contentious $9.6 million contract to print 380 billion SL shillings for the Somaliland …
Stanbic Bank held the inaugural East Africa Business Summit at the Muthaiga Golf Club in Nairobi, Kenya. Under the theme “The Case for Economic Optimism for East Africa,” the event …
UBA Kenya, a subsidiary of the United Bank for Africa (UBA) Group, partnered with the Nigerian High Commission in Kenya during the inaugural Nigeria in Kenya Business Roundtable event. This …
The Kenya Association of Manufacturers (KAM) has today launched the 6th edition of the Changamka Shopping Festival set to take place in Nairobi at the Kenyatta International Conference Centre (KICC), …
Tatu City has teamed up with Equity Bank Kenya to offer financing solutions for property purchase and construction within Tatu City. Equity Bank Kenya will offer a comprehensive range of …
Sarova Hotels & Resorts, Kenya’s leading indigenous hospitality group, has announced its latest addition to the Sarova family after signing a franchise agreement with Maiyan Luxury Resort located in Nanyuki, …
Moody’s Investors Service (Moody’s) has affirmed the East African Development Bank’s (EADB) Baa3 long-term issuer rating and maintained a stable outlook. The rating affirmation reflects the EADB’s strong capital position, …
Old Mutual Holdings PLC has recorded a KES 0.2 billion profit before tax for the half-year period ended June 30, 2023. The profit is an improvement from a loss before …
Kenya’s largest Sacco in both assets and dividends paid, Stima Sacco, has been awarded as the best Sacco in the country in automotive financing. The award was conferred at the …
Old Mutual Group has appointed Loreen Makwanya as its new Managing Director, to head its Life Insurance business. Loreen brings to the new role a wealth of experience, having worked …
Air-France KLM group airline expects Available Seats per Kilometer (ASK) among its airlines to go back to 2019 levels from 2024. This follows an increase in passenger capacity in the …
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released findings on a major shā zhū pán (pig butchering) operation utilizing fake trading pools of cryptocurrency …
Kenyans living in the US stand to gain from a new banking product that allows users to earn interest and pay reduced fees on international remittances. The new product dubbed …
Old Mutual Kenya (OMK) has opened a second full-suite branch in the coastal city of Mombasa, as part of a business strategy hinged on providing integrated solutions addressing customers’ financial …
Flutterwave, Africa’s largest payment service provider, has revealed that it is planning to pump at least 7.3 billion shillings into the Kenyan market as soon as its license to operate …
Konza Technopolis Development Authority (KoTDA), the agency mandated to implement the Konza Technopolis project, has today announced the appointment of its CEO, Mr. John Paul Okwiri. John Paul Okwiri is …
Britam General Insurance has launched an Aviation insurance solution that will provide cover for individuals and businesses engaged in the aviation Industry. The solutions include Crew Personal Accident Cover, Airport …
The August Stanbic Bank Kenya PMI pointed to a slight improvement in the health of the private sector for the first time in seven months, as output and new orders …
Paint manufacturer Crown Paints (Kenya) Plc has appointed Richard Muturi as the Group Chief Operating Officer (COO), effective 15th August 2023. Muturi has over 27 years of experience in the fast-moving …
BK Group has reported a 30.3 percent jump in half-year net profit to KES4.4 billion, driven by a strong growth in interest and transaction income. The Rwanda Stock Exchange and …
Integrated financial services firm, Britam Holdings Plc, has today announced a profit before tax of Kshs 2.38 billion for the half year period ending 30 June 2023. The profit almost …
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