Latest business stories from across Kenya.
Stanbic has reported a 34.2 percent rise in net profit to Ksh. 12.2 billion for the financial year ended December 31, 2023. The rise in profitability was attributed an increase in net interest income, which grew from Sh18.9 billion to…
Three African banking brands – Equity Bank (Kenya), First National Bank, 92.29 (SA), and Kenya Commercial Bank, have been ranked amongst the top 5 strongest banking brands while South African bank Capitec is seventh.
Isuzu East Africa, the market leader in the new automotive segment in Kenya, has obtained distributorship rights of UD Trucks in Kenya, and will now be responsible for assembly, sales, and after-sales support for the brand.
Isuzu East Africa has acquired the distributorship rights of UD Trucks in Kenya. It will now be responsible for assembly, sales, and aftersales support of UD Trucks in Kenya. The UD Trucks brand is well respected in Kenya, with its various…
Equity Bank made withdrawals from a PayPal account to a Kenyan bank account possible when they launched the service in 2013. The service is a partnership between Equity Bank and the First National Bank of South Africa (FNB). At launch,…
Kenya Airways (KQ) has announced plans to boost its network with increased frequencies to five destinations and the addition of Eldoret and Maputo to its network.
Carrefour Kenya has emerged as a game-changer, reshaping the shopping journey by providing innovative solutions and showcasing a steadfast commitment to elevating customer experiences. The modern customer is renowned for their…
Sarah Wahogo has been appointed as the new Chief Executive Officer (CEO) of Username Investment Limited, effective 4th March, 2024. She replaces Reuben Kimani, who will be transitioning to the role of Board Chair after serving as CEO at…
Airtel Africa has launched Airtel Ads aimed at empowering advertisers and agencies to efficiently manage, purchase, and optimize digital ad inventory across multiple ad exchanges in real-time. Airtel Ads is a Demand-Side Platform (DSP).…
How does the bank which funds the largest number of agriculture sector transactions in South Africa, utilise its skills and knowledge to improve food security and become a force for good across the African continent? This is a key question…
Changes in the nature of work as well as the use of technology have had an implication on how young people are prepared for the workplace. This has meant that young people who are joining the workplace tend to be ill prepared and not ready…
Equitel, Finserve’s mobile virtual network operator (MVNO), has announced the launch of its cutting-edge fifth generation (5G) capabilities in collaboration with their host mobile network operator-Airtel.
Equitel, a mobile virtual network operator (MVNO) by Finserve, has launched 5G services in 370 locations in Kenya. The new service was launched in partnership with their host mobile network operator, Airtel. Equitel has launched its 5G…
KCB, MasterCard have signed a five-year strategic collaboration framework that will see cardholders across East Africa benefit from enhanced value propositions.
Absa has launched its repositioned brand proposition to the market. The new brand promise of ‘Your Story Matters‘ signals a shift to being a more deliberately customer-centric business. The bank has set a clear trajectory to ensure that…
NCBA has announced a KES 12 million sponsorship for over 100 students this year that will be distributed through various partners. The partners include Dr. Choksey Albinism Foundation, M-PESA Foundation, Edumed Trust, SOS Children’s…
Safaricom PLC on Saturday 22nd Feb 2023 held its second investor day in Addis Ababa, providing an opportunity for the investment community to gain insights into the company’s achievements and future plans as well as see the progress so far…
Safaricom Investment Co-operative shareholders have approved a ksh142.4 million rebate payout during the 15th Annual General Meeting.
Dalberg Implement, a leader in on-the-ground program implementation with vast expertise in strategy execution, and Axum, an Afrocentric impact firm dedicated to fostering inclusive growth across the Global South, have announced a merger.
Safaricom held its second Investor Day in Addis Ababa yesterday. This was in a bid to provide an opportunity to investors to gain insights into the company’s achievements and future plans as well as see the progress so far in Safaricom…
Standard Bank Group was the joint lead manager and bookrunner for Kenya’s new $1.5 billion Eurobond. It was also the joint dealer manager for the concurrent tender offer of $1.4 billion outstanding Eurobonds due to mature in June 2024. The…
Salesforce has introduced a Clean Energy Programme Management for Energy & Utilities Cloud. This new solution streamlines the launch, management, and oversight of energy efficiency and EV charging programs to help electric, gas, and water…
The Kenya Reinsurance Corporation (Kenya Re) has launched an award scheme to recognise insurance companies that remit premiums on time. T
Paint firm Crown Paints Kenya has donated Ksh. 1 million to the University of Nairobi to support the repairs of the Department of Urban and Regional Planning at the university’s main campus. The University of Nairobi’s outgoing Vice…
