Latest business stories from across Kenya.
Samsung Electronics has announced the launch of its 3D Map View feature which was first unveiled at CES 2024. The new feature is now available in all countries with SmartThings access. Map View streamlines home management by turning real…
KCB Group PLC and Access Bank PLC have apparently signing an agreement for the Nigerian lender to acquire 100 percent shareholding in National Bank of Kenya Limited (NBK) from KCB. Access Bank operates in Kenya via its subsidiary Access…
Safaricom has signed an International Money Transfer Agreement with Onafriq to help streamline remittance flows to Ethiopia. Onafriq is a digital payments network, operating in 40 African countries. Safaricom, through its mobile money…
Carrefour Kenya has completed Ksh. 1.8 million renovation of the Shangilia Mtoto wa Afrika basketball court in the Kangemi Kimbagare area. The initiative is supported by Carrefour’s Round Up Your Bill. It aims to provide the youth and…
Kenya Wine Agencies Limited (KWAL) has invested Ksh. 10 million in an initiative that will see young people from Mukuru receive culinary training. The company has signed a Memorandum of Understanding (MoU) with Mukuru Promotion Centre…
World Data Lab (WDL) in partnership with the Mastercard Foundation have announced the launch of the Africa Youth Employment Clock. The first of its kind in the region, the Clock is poised to become the go-to place for comprehensive youth…
A report by Salesforce and the Retail AI Council has found that global retailers are quickly adopting generative AI to personalise and improve in-store and online shopping experiences. However, nearly half of the 1,300 retailers surveyed…
Toshiba ESS is set to supply steam turbines and generators for the geothermal power plant equipment renovation of Units 1 through 3 at the old 45MW Olkaria I geothermal power plant in Kenya. The steam turbines and generators are expected…
Bolt has announced the launch of an Accelerator Program to empower Kenyan drivers and couriers or their immediate family members. A Ksh 2.92 million (€20,000) seed fund has been opened to support business plans developed by Bolt drivers,…
Artcaffé Market has announced the launch of its homeware collection, A. by Artcaffé Market. The collection aims to celebrate and showcase exceptional craftsmanship of handmade homeware and hosting products from artisan enterprises in Kenya…
Hewatele has received Ksh. 2.5 billion (USD 20 million) in funding to build a medicinal oxygen manufacturing facility at Tatu City. Hewatele is a medical oxygen producer in Kenya. Hewatele secured the funding from the U.S. International…
Kakuzi PLC has announced that it has renovated Kitito Primary School in Murang’a County at a cost of Ksh. 6.5 million. 295 pupils of Kitito Primary School in Ithanga/Kakuzi Sub- County of Muranga County will benefit from the total makeover…
The Government of Kenya has launched the Supporting Access to Finance and Enterprise Recovery (SAFER) Project. The project will be implemented through the Kenya Development Corporation (KDC). The project aims to increase access to…
The Sovereign Wealth Fund of Djibouti has announced the dates for its upcoming Djibouti Forum taking place from the May 12-14, 2024. The forum will be held at the Djibouti Palace Kempinski. The Fund aims to diversify and modernize the…
Kenyan bank, NCBA Group, has signed a US$50 million (Ksh6.5 billion) facility with Proparco, a subsidiary of the AFD Group focused on private sector development
NCBA Group has announced the signing of a USD 50 million facility with Proparco, a subsidiary of the AFD Group focused on private sector development. The funding will go towards facilitating green financing and women economic empowerment…
Absa Bank Kenya shareholder are a happy lot after the bank reported strong performance for the full year 2023 as net profit increased 12% to Ksh16.4 billion compared to the previous year, supported by increased funding of core sectors…
Absa Bank Kenya has announced a net profit of Kshs.16.4 billion for the full year 2023. This is a 12% rise as compared to a similar period last year. This rise in profitability was on the back of 19% rise in revenue to Kshs.54.6 billion…
Pathologists Lancet Kenya, the leading diagnostic providers in Kenya has concluded its rebrand to Cerba Lancet Kenya.
Kenya Airways (KQ) has partnered with the Kenya Tourism Board (KTB) to strategically position Kenya as a tourist destination in North America through a trade roadshow. T
Watu Credit Kenya and Uganda have been awarded a Client Protection Certification by the Microfinanza Rating (MFR) Certification Committee. The two subsidiaries of Watu were awarded Bronze level Customer Protection Certification,…
The Isuzu East Africa Driver Academy in partnership with Bamburi Cement’s Women on Wheels Program has held its fourth graduation. The Academy, launched in 2021, targets Isuzu East Africa’s customers to train on logistical and defensive…
Airtel Africa has announced that it has began construction of its first data centre in Lagos, Nigeria. Nxtra by Airtel is set to be one of the largest networks of data centres in Africa, with high-capacity data centres in major cities…
Standard Chartered Kenya has announced a new suite of products for the Medium Enterprise segment. This is in response to increasing demand for more sophisticated needs from its clients. The Bank plans to leverage its strong global network…
