Latest business stories from across Kenya.
TotalEnergies Marketing Kenya, a listed oil marketer and the third largest in Kenya, saw its stock price move from KSh 34 on Friday last week to KSh 44 as at this Tuesday’s closing at the Nairobi Securities Exchange(NSE). This significant…
Investors at the Nairobi Securities Exchange(NSE) will be on the lookout for third quarter financial reports by Banks and other financial institutions. Keenly watched will be how four banks perform, namely I&M bank, NCBA, Stanbic and…
Family Bank shareholders have voted to list the bank at the Nairobi Securities Exchange(NSE) by introduction in early 2026. The idea behind this method and not the popular Initial Public Offer(IPO) route, is to provide liquidity for its…
UFAA (Unclaimed Financial Assets Authority) has imposed a fine amounting to KSh 2.2 billion on 20 firms for failing to surrender unclaimed financial assets to the State Organ. According to UFAA figures, CIC insurance got the largest fine…
EABL(East African Breweries Limited) has again re-entered the Debt Market to raise KSh 20 billion, only weeks after redeeming its 5-year KSh 11 billion Corporate Bond, which was repaid ahead of its maturity date. This 5-year Medium-Term…
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CBK (Central Bank of Kenya), the State fiscal agent, has invited bids for Re-opened 20yr. and 15yr. Treasury Bonds, whose purpose is to raise KSh 40 Billion for budgetary support. According to the CBK prospectus, the period of sale for the…
The Nairobi Securities Exchange(NSE) has partnered with International Finance Corporation (IFC), the lending arm of the World Bank, to implement the Kenya Women on Boards and in Business Leadership Program. This is a transformative…
KenGen (Kenya Electricity Generating Company) Shares trading at the Nairobi Securities Exchange(NSE) was halted when the market opened Thursday. NSE, while announcing the temporary freeze on trading of KenGen shares, denied that it had…
Standard Investment Bank (SIB) has pegged the value of Kenya Pipeline Company (KPC) at Ksh 102 billion, just months before the government moves to list the state-owned firm at the Nairobi Securities Exchange. The valuation is slightly…
Nairobi Coffee Exchange(NCE) witnessed the sale of 10,770 bags (about 671,180 kg) of coffee, at last week’s auction earning a total of US$ 4.99 million, equivalent to KSh 666 million. This is a drop from the prior week’s KSh 704m The…
NCBA was the week’s top gainer, up 20.7% to close at KSh 83.25 as investors reacted to the buyout talks between NCBA and a South African lender. Standard Bank, through its local subsidiary Stanbic Holdings, however, has neither confirmed…
Central Bank of Kenya(CBK) will impose hefty fines of upto KSh 30 million for firms that engage in illegal issuance of cryptocurrencies, including bitcoin and stable coin. The same harsh penalty awaits individuals who face a fine of KSh 3…
Central Bank of Kenya(CBK) collected KSh 85.3 billion out of its first Treasury Bonds Auction this October, whose purpose is to raise cash for Budgetary support. Out of the KSh 50 billion worth two long-term Treasury Bonds sold this week,…
NCBA Group plc is reportedly in secret discussions to sell the business to Standard Bank Plc, Africa’s biggest bank by balance sheet size. NCBA is the suitor in the deal that would see the lender acquired by Standard Bank’s local…
Central Bank of Kenya(CBK) has gone to the primary bond market again this month, seeking KSh 50 billion for budgetary support through sale of two long-term reopened Treasury Bonds. CBK prospectus shows that the re-opened 15-Yr and 20-Yr…
A storm is brewing in Nairobi’s most exclusive suburb, and this time, it’s not just over money, but principles. In a bold and peaceful stand, outraged residents of Runda have taken to the streets under the banner #SaveRundaBasin,…
Kenya marked this year’s Mazingira Day with a renewed national focus on environmental restoration and urban regeneration, as leaders, communities, and youth groups united under the rallying call, “Restoring the River, Rebuilding the City.”…
Barron Trump, president Trump’s six-foot-eight-or-so youngest son is a ‘self-made’ millionaire. The 19-year-old who rarely makes public appearances, cofounded World Liberty Financial, a cryptocurrency company, together with his father and…
Coffee sold at the Nairobi Weekly Auction reached a total of 11,179 bags or 695,939 kg by brokers. The sale generated a total value of US$ 5,222,913, equivalent to approximately KSh 704 million, with an overall average price of US$ 375.24…
The government’s ambitious National Youth Opportunities Towards Advancement (NYOTA) program has been launched to tackle unemployment and underemployment among young Kenyans. The initiative aims to equip youth with practical skills, startup…
For months now, Stephanie Nyika, an accountant based in Nairobi, has not stepped into a banking hall or queued at an ATM to access financial services. As she tells Business Today, the New KCB Mobile App has transformed the way she handles…
If you are an Airtel subscriber, you’ll agree with me that ‘technology has done more good than harm’ and topping up your line via Mpesa is one of the most reliable and convenient ways ever invented to do away with scratchcards. In that…
Bien-Aimé Alusa Baraza, popularly known as Bien, the lead singer of the acclaimed Kenyan band Sauti Sol, has announced a new music challenge offering a $1,000 cash prize (approximately Ksh130,000) to aspiring artists. The competition,…
