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Tanzanian tycoon snaps up NSSF's stake in Portland for Sh1.6b

Tanzanian tycoon Edha Nahdi, through company Kalahari Cement, has sealed a Sh1.6 billion purchase agreement to acquire a 27% stake in the EAPC.

By 7 days ago

Mauritian investor pumps fresh capital into Kenya's beverage producer

Kenya’s manufacturing sector has received a major boost after craft beverage maker African Originals secured a Sh129.6 million ($1 million) capital injection to scale up local manufacturing.

By 8 days ago

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Oparanya to headline diaspora conference meeting on cooperatives

CS for Co-operatives and Micro, Small and Medium Enterprises Development Wycliffe Oparanya will be leading hundreds of delegates next month in a diaspora international meeting

By 8 days ago

Safaricom users to get free data bundles following partnership with Opera

The free data offer is available to all new and existing Opera Mini users on the Safaricom network in Kenya.

By 14 days ago

Firms partner to digital transform fuel station operations

Pesapal, a financial services and business solutions provider has partnered with KCB Bank Kenya to transform fuel station operations across East Africa.

By 16 days ago

Kenya urged to up IT training to open doors for top jobs

Kenya has been urged to broaden its IT training and focus beyond the entry-level roles to reap more from the blooming global demand for professionals in the sector.

By 19 days ago

Mobile and internet banking raved up financial inclusion

Mobile banking, internet banking and digital platform integrations have been highlighted as tools for creating financial inclusion for the unbanked.

By 21 days ago

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Using technology to cut fuel costs for company fleet

Connected directly to payment systems at fuel stations, digital tools such as Drive are enabling businesses to track every fueling transaction, set vehicle limits and monitor fuel usage.

By 23 days ago

Bank opens its 25th branch in Kariobangi

Kingdom Bank has today opened its 25th branch  in Kariobangi.

By 23 days ago

Processor taps schools to grow market share

Milk processor Brookside Dairy is leveraging its partnership with educational institutions to further grow its market share.

By 23 days ago

Kenya launches national policy to align training with industry demands

Kenya has launched the National Dual Training Policy, formalising a work-integrated learning model that equips youth with practical skills and boosts employability.

By 25 days ago

Rwanda's green exchange window presents new funding opportunities for the region

The move complements the growing policy interest in sustainable investing among East African regulators and pension funds.

By 27 days ago

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Poor credit culture deters Kenya's lending transition

Kenyan banks continue to face challenges in setting credit risk premiums due to the absence of a robust credit rating culture in Kenya's debt market.

By 27 days ago

KCA hosts 4th Innovation summit aimed at commercializing knowledge

The summit featured cutting-edge innovations developed by KCA University students.

By 28 days ago

Regional instability hampers cross border trade

Statistics show that when compared to the rest of the world, cross border trade in Africa is the lowest.

By 29 days ago

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Unpredictable market dynamics, raw exports stifles manufacturing growth

Kenya has a blueprint as a net importer of finished goods and exporter of raw unprocessed goods, robbing its people economic self-reliance.

By 29 days ago

M-Pesa Foundation in Sh30b programme to boost skilling of teachers in ICT

Safaricom, through the M-Pesa Foundation, has launched an education initiative to improve education and training outcomes over the next five years.

By 1 month ago

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Kenya faces new dirty cash scrutiny as peers exit list

African States continue to suffer adversely from being included in the Financial Action Task Force (FATF) grey list, which indicates increased monitoring for money crime.

By 1 month ago

SMEs challenged to leverage on technology for cross border trade

Despite policy ratification, intra-African trade remains below 15 per cent, hampered by critical barriers that banks and digital tools can now dismantle.

By 1 month ago

Safaricom unveils a Sh30 billion education initiative

Safaricom, through the M-Pesa Foundation, has unveiled a Sh30 billion education initiative that will provide 10,000 scholarships and upgrade more than 600 schools across the country.

By 1 month ago

Naivas opens its 111th store at Magadi

Naivas Supermarket, Kenya’s leading homegrown retailer, has opened its 111th branch at OUR Mall, Magadi road, reaffirming its commitment to delivering world-class shopping experience.

By 1 month ago

Lecturers reject government payment plan, strike to continue

Lecturers' union reject government's plan to pay them 7.9 billion arrears in phases; UASU SG Wesonga maintains strike still on if money not paid fully in one installment.

By 1 month ago

Family Bank shareholders approve listing on NSE

Family Bank shareholders have approved the plan to list on the Nairobi Securities Exchange, marking a significant milestone in the journey towards becoming a Tier One Bank.

By 1 month ago

StanChart Uganda to sell wealth, retail units to Absa

StanChart Uganda and Absa Bank Uganda have agreed on the sale of StanChart Uganda’s wealth and retail banking business portfolio in Uganda.

By 1 month ago

How lack of collateral hinders banks from funding small businesses

Banks are keen on character on credit compliance. If your character does not demonstrate goodwill in regard to repayment of credit, banks will shun from financing

By 1 month ago

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How Treasury netted Sh195b in tax revenue from banks

Kenyan banks collectively contributed Sh194.8 billion to the national exchequer in 2024, on the back of increased profitability.

By 1 month ago

CS, standards agency bosses root for quality to boost competitiveness

Protection of consumers, production of quality and standard products will help Kenya become an industrial hub for the region.

By 1 month ago

Start-up links local consumers to discounted goods globally

Consumers are increasingly spending less on essentials, with millennials and boomers increasingly shopping at discounted rates and lower-priced stores.

By 1 month ago

Safaricom marks 25 years of operations

Safaricom on Thursday marked its Silver Jubilee, celebrating 25 years of operations since its official launch on the October 23, 2000.

By 1 month ago

Tourism sector lauds State efforts to boost arrivals at airports

The tourism sector has commended the government efforts in increasing the arrival of new flights into the country, a move termed as a major boost to accessibility to the destination.

By 1 month ago

KRA miss revenue target by Sh50b in Q1 of 202526 FY

Kenya Revenue Authority missed its revenue target by Sh49.86 billion for the first quarter of the current financial year.

By 1 month ago

Carrefour in bid to reduce food waste

Thousands of Kenyan families facing food insecurity are set to benefit from expected redistribution by retailer Carrefour.

By 1 month ago

Kenya's EV sector gains traction amid soaring demand

Kenya‘s electric vehicle (EV) revolution is picking up speed, driven by homegrown innovation, government incentives, and growing demand for cleaner, cost-efficient transport.

By 1 month ago

KRA downplays FATF claims of rampant illicit financial flows

Kenya was placed in the grey list due to its weak policies and lack of prosecutions. However, KRA has termed that action as unjustifiable and unrealistic to Kenya’s situation.

By 1 month ago

Kenya's electric mobility grows amid financing barriers

Despite the growth, financing barriers has kept underserved communities and entrepreneurs locked out of the green transition.

By 1 month ago

Naivas flags off 'homecoming' caravan to Nakuru

Retailer Naivas Supermarkets has flagged off a symbolic heritage caravan retracing the company’s roots back to Nakuru, the birthplace of the renowned brand.

By 1 month ago

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How KRA recovered Sh6.8 billion through whistleblowing

The iWhistle programme profiles tax evaders and review refunds and debt management as an intervention to combat corruption and seal revenue leakages.

By 1 month ago

General insurance claims ease as sector shows signs of recovery

The Insurance sector in Kenya has recorded strong growth and stable business in all its segments in the second quarter of 2025.

By 1 month ago

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How Kenya Power lost Sh11.8 billion

The government’s subsidy aimed at reducing electricity prices and stabilising the shilling has cost Kenya Power Sh11.84 billion in revenue.

By 1 month ago

School owners in low-income areas upskilled for better management

The Premier Credit’s School Loans has enabled school owners to manage their finances more effectively, while meeting education standards in the country.

By 1 month ago