Latest business stories from across Kenya.
The European Bank for Reconstruction and Development (EBRD) has finalized a US$ 50 million (€43.1 million) cross-currency swap agreement with the Co-operative Bank of Kenya, marking a major leap forward for Kenya’s financial markets. The…
The US Federal Reserve on Wednesday raised its interest rate by 25 basis points to 3.75-4%, its first hike since July 2023, to combat persistent inflation. The Federal Open Market Committee (FOMC) voted unanimously, 12-0, at a meeting held…
Butali Sugar Managing Director Sanjay Patel said imported sugar should be released into the market in batches to avoid flooding the market and disadvantaging local millers.
South African restaurant group Taste of Cape Town has opened its first permanent outlet in East Africa in Nairobi, bringing a selection of South African cuisine and wines to the Kenyan market. The restaurant, located in an upmarket Nairobi…
Co-op Bank said on Wednesday that the first Sh6.5 billion ($50 million) tranche had been executed through a cross-currency swap, becoming the first such transaction to use the Kenya Shilling Overnight Interbank Average as a benchmark…
Fed Chair Kevin Warsh said the move was because “inflation is too high and has been for too long”, adding that it was a “sober” and “responsible decision”.
The Kenya Revenue Authority (KRA) has announced penalties and interest waivers for taxpayers affected by disruptions on the iTax portal in September 2026. In a statement on September 16, 2026, KRA acknowledged that the disruptions affected…
More than 300 policymakers, regulators, institutional investors, development finance leaders and market practitioners from over 20 African countries are gathering in Nairobi this week for the third Sustainable Capital Markets Conference,…
Just weeks after making a number of changes in the composition of its board, the Nation Media Group (NMG) has turned its sights on editorial leadership, moving senior editors from the head office in Kenya to subsidiaries in Uganda and…
The consortium held its inaugural stakeholder meeting in Nairobi on Tuesday, bringing together pension funds, fund managers, stockbrokers, investment banks, insurers, custodians and other capital markets players.
The restaurant, located in an upmarket neighbourhood, serves South African dishes and wines, including Cape Malay curries, wood-fired meats and seafood.
South African telecoms group Vodacom plans to appeal a Kenyan High Court ruling that ordered the cancellation of its $1.6 billion purchase of an additional 15% stake in Safaricom from the Kenyan government. The court ruled on Tuesday that…
NAIROBI, Kenya, Sep 16— East Africa’s horticulture industry is preparing for a regional push to cut the cost and delays of moving fresh produce across borders, with exporters facing expensive…
The government will vigorously challenge the High Court ruling that nullified the sale of its 15 per cent stake in Safaricom Plc, National Treasury Cabinet Secretary (CS), John Mbadi, has announced. Mbadi said the Treasury is analysing the…
Kenya is seeking to leverage its new position as President of the Trade and Development Board (TDB) to push for higher trade investment in Africa. Kenya which assumed presidency of the TDB of the United Nations Conference on Trade and…
AFRAA said Africa’s total seat capacity increased by 8.8 percent in August compared with the same month in 2025.
I&M Bank has announced a strategic partnership with technology provider Surecomp to digitize and streamline its trade finance operations. The initiative aims to simplify cross-border trade, drastically improve transaction turnaround times,…
The African Export-Import Bank (Afreximbank) and ZEP-RE (PTA Reinsurance Company) have officially entered into a strategic three-year Memorandum of Understanding (MoU) aimed at bridging the continent’s skills gap in trade, insurance, and…
Bolt said the category, launched in Kenya in June 2025, has recorded its highest monthly ride volume since its introduction.
Kenya is pushing to become an emerging healthcare manufacturing hub in East Africa as industry stakeholders gather in Nairobi for the World Health Expo. Speaking at the event, Director for Primary Healthcare, Preventive and Promotive…
NAIROBI, Kenya, Sept 16 – Kenya Revenue Authority (KRA) enforcement officers have seized suspected illicit ethanol and tobacco after uncovering an underground chamber used to conceal the goods in Kimosop…
Kiharu MP Ndindi Nyoro has renewed the debate over Kenya’s long-awaited Turkana oil project, arguing that putting the resource into production could help strengthen the country’s fuel supply and reduce its dependence on imported petroleum.…
Coffee prices at the Nairobi Coffee Exchange (NCE) softened in Sale 40 of the 2025/26 coffee year, with 17,013 bags of clean coffee fetching Sh860 million at Tuesday’s auction. The coffee weighed 1,050,107 kilogrammes, translating to an…
Nanyuki traders in Laikipia County are set to move into a new state-of-the-art modern market constructed by the government at a cost of Sh360 million. The facility, which is currently 95 percent complete, is expected to accommodate more…
