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 …
CIC Insurance Group Plc is pleased to release our 2023 half-year results based on the new IFRS 17 reporting standards. The IFRS 17 standard provides consistent principles for all aspects …
Kenya Reinsurance Corporation Limited (Kenya Re) has today reported a Profit before Tax (PBT) of Kshs 1.3 billion for the half-year period ending June 30, 2023, registering 9% growth compared …
Family Bank Group has posted a KES. 2.0 billion Profit Before Tax in the first six months to 30 June 2023. Family Bank Group’s interest income rose by 18.7% to …
Flutterwave, Africa’s largest payment service provider is in the process of going public through the issuance of an Initial Public Offering (IPO). Reports from the management indicate that the company …
M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has …
Long distance transport service provider, Easy Coach had announced that it will no longer ferry fresh, smoked and dried fish, including Omena on their buses due to the discomfort they …
Galana Kulalu, August 12, 2023…Twiga Foods intends to expand the irrigated acreage at the Galana Kulalu Food Security Project (GKFSP) by up to 20,000 acres. This expansion is expected to …
The Mitumba sector in Kenya is one of the largest employers in a country whose unemployment rate is beyond 35 percent. The sector employs at least 2.5 million people directly …
Safaricom (NSE: SCOM) is set to increase M-PESA account limits to KSh. 500,000 following approval from the Central Bank of Kenya. The higher account limit will be effective from Tuesday 15th August 2023 …
Stanbic Holdings Plc has announced a KES 7.1 profit after tax for the half-year period ended June 2023, attributed to strong revenue and balance sheet growth. Total revenue increased by …
E-mobility company, BasiGo has announced the introduction of the “E9 Kubwa”, a 36-seater electric bus custom designed for the Kenyan market. The first 2 Kubwa buses have begun pilot testing with …
As the Nairobi Expressway marks one year since it was opened to the public, it has emerged that at least 60,000 Kenyans are using it on a daily basis. The …
Africa’s second-largest Sacco in terms of asset base, Stima Sacco has continued to spread its wings across the country with a new branch in Kisii. The new branch is located …
Uber and Safaricom (NSE: SCOM) have launched a partnership that will see riders across Kenya pay for trips through M-PESA. This follows a collaboration with UberEats that allowed consumers to pay for …
The price of dry maize is still high in most parts of the country, including Western Kenya Despite this being the harvesting season. Traditionally, during the harvesting season, maize prices …
WorldRemit, a digital remittances brand within Zepz, releases its third year of global data and findings, to understand how the cost of school supplies impacts families around the world. As …
Electric bus pioneer, BasiGo, has made a second entry into the African market with the launch of BasiGo Rwanda Ltd., a new entity focused on electrifying the public transport system …
HassConsult has unveiled the Hass Property price indices for the second quarter of 2023, with property prices stagnating at a 0.5 percent drop in the quarter resulting in a 1.8 …
Leading edible oils and detergent manufacturer Pwani Oil Limited has announced a significant investment in an ultra-modern Home Care and Personal Care manufacturing plant, the first of its kind in the …
Demand for professional laundry services in the country is expected to surge by the end of 2023 on account of rapid urbanization, making Kenya’s commercial laundry industry one of the …
Actis-backed property developer, Mi Vida, has unveiled the Mi Club, a loyalty program designed to reward its clients and encourage referrals. The Company, launched in 2019 to address the shortage …
Bank of Kigali disbursed Ksh 13.2 billion through its Small and Medium Enterprises (SMEs) center in 10 months to April 2023, pointing to high pent-up demand for funding by the …
Banseok Industry Company Ltd Country Director Mr. Fredrick Kimani (Right) explains to attendees of the event how the peanut peeling machine works. Banseok Industry Company Ltd in partnership with the …
CFAO Motors Kenya and Stanbic Bank Kenya have today signed an agreement that will see customers get up to 100% financing, payable within 72 months, for any vehicle under the …
Kenya’s telecommunication giant, Safaricom, has launched the ‘Gomoka na Go Monthly’ promotion that will see customers get to spin a wheel and win various prizes once they purchase any Go …
East African Cables PLC (“EAC”) has obtained a court injunction in regard to the notice dated 16th June 2023 issued by Equity Bank to appoint an administrator to EAC. The …
TransCentury PLC (“TC”) would like to inform shareholders and the public that the company has obtained a court injunction in regards to the notice dated 16th June 2023 issued by …
Stima DT Sacco, to bring services closer to the people, has today launched a new branch domiciled at the Electricity House in Nairobi. The opening of the office forms part …
From spicy maki rolls to skillfully sliced sashimi, sushi is an evolving favorite for Kenyans looking for a delicious takeaway alongside the typical chicken, burger, pizza, and African cuisine meals. …
The Board of Britam Holdings Plc has appointed Mr. Barack Obatsa as the Chief Executive Officer (CEO) of Britam Asset Managers (BAM) (K), effective 29th May 2023. Barack has over …
The cost of living is just off the roof for millions of Kenyans. The price of unga is beyond many pockets. The price of sugar cannot even be discussed. The …
Over 200,000 people across 6 counties are set to access clean water through a KES 330 million fund dubbed “Challenge Fund’ through a partnership with Aqua for All with Family …
Java House has launched a new branch, its 84th in the region in Nairobi’s bustling Eastleigh neighborhood, signaling a desire by Java to get closer to its guests in their …
Faulu Bank has emerged as the best Microfinance bank in digital banking and product innovation at the just concluded 18th edition of the Think Business Awards, 2023. The Awards, held annually …
Absa Bank Kenya PLC has today reported a Profit after Tax of Kshs.4.5 billion for the quarter ended 31 March 2023, representing a 51% growth in comparison to a similar …
BK Group has reported a 28.5 percent increase in first-quarter net profit to KES2.1 billion, driven by growth in interest income and prudent cost management. The Nairobi Securities Exchange and …
Most young Kenyans – millennials and Generation Z (Gen Zs) – rely on TV stations as a source of information as opposed to social media and radio stations. This is …
The Family Bank Group has recorded a 1.04 billion shillings Profit Before Tax for the period ending 31 March 2023. The Bank’s performance remained steady despite the tough operating environment …
BasiGo has launched a first-of-its-kind, high-power DC Fast charging station for electric buses in Buru Buru. The station has the capacity to charge 6 electric buses simultaneously but is projected …
Faulu has reinforced its commitment to empowering social entrepreneurs by crafting and rolling out tailored sustainable financial solutions. The move is aimed at helping social entrepreneurs navigate challenges and develop …
The Emirates Group has released its financial results. Emirates achieved new record profits, a complete turnaround from its loss position last year. Both Emirates and dnata saw significant revenue increases …
M-KOPA has closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. Over $200m in sustainability-linked debt financing was …
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an aggressive expansion of foreign subsidiaries. KCB’s total assets stood at …
Stanbic Bank has announced a 3.9 billion shillings profit after tax for the first quarter ended 31st March 2023. The lender attributed the 84 percent increase in its Q1 earnings …
Safaricom Ethiopia through its newly established and wholly owned subsidiary; Safaricom M-PESA Mobile Financial Services PLC (Private Limited Company) received the Payment Instrument Issuer License from the National Bank of …
CFAO Group has acquired DT Dobie Kenya. DT Dobie has transferred its business assets to CFAO Motors Kenya and both will be run under one entity, CFAO Motors Kenya. The Managing …
A 20-year-old Eldoret National Polytechnic student won a year’s worth of shopping courtesy of Coca-Cola. Michael Wesonga a resident of Langas – Eldoret was the eighth winner in the current …
LG Electronics Inc. (LG) has reported a Ksh 153.15 billion profit for the first quarter of 2023, the third-highest first-quarter profitability in the company’s history. Revenue for the same period …
Letshego Kenya Limited, a subsidiary of Letshego Holdings Limited (Letshego Group), has partnered with Creditinfo Kenya to launch LetsGo Cash, a self-service and short-term instant loan that gives customers access to …
Bank of Kigali customers will now track their loan repayment schedules, interest costs, and outstanding balances on their mobile phones. This follows the activation of a Loan Repayment Feature on …
Insurance broker, Minet Kenya has unveiled an insurance cover that allows small and medium enterprises (SMEs) in Kenya to mitigate against risks they feel most vulnerable for as low as …
Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual ‘State of the Industry Report on …
Standard Chartered and the IFC announced the signing of a USD700 million investment in the IFC’s Global Trade Liquidity Programme (GTLP) to support global trade finance. Since the launch of …
Standard Chartered Kenya in partnership with Somo has today unveiled an ‘Access to Finance Programme’ that will support disadvantaged women by giving them access to small ticket loans ranging from …
