Latest business stories from across Kenya.
Chief Financial Officers (CFOs) in the highly competitive manufacturing sector have had to overcome some challenging macro-economic shocks in recent years and some have fared better than others. With ongoing supply chain disruptions,…
Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.
WPP Scangroup PLC has announced that it has registered a Ksh. 130 million profit after tax for the year ended 31 December 2023. This is an improvement from the Ksh. 147 million loss that the company posted in 2022. The company registered…
The American Institutes for Research (AIR) has opened a new office in Kenya, signalling its commitment to conducting research and providing technical assistance in the East Africa region.
Yango Delivery, a mobility and delivery services company, has introduced Cargo Express, designed to streamline the delivery of large and bulky items across Africa. This service targets a need in the rapidly growing e-commerce sector for…
Invictus Energy, an oil and gas company, has signed an MoU with mine operator Dallaglio Investments and power generation firm Himoinsa Southern Africa Proprietary for a gas-to-power project in Zimbabwe. The project will generate…
The African Development Fund has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Fund is the concessional lending arm of the African Development Bank (AfDB).…
The Tanzania Horticultural Association (TAHA) and TradeMark Africa (TMA) have signed a USD 2.1 million grant agreement to initiate Phase II of their collaborative project. This second phase grant from TMA is funded by the Foreign,…
Kenya Power has announced that customers across the country will enjoy up to a 13.7% reduction in the cost of power this month. This is following the strengthening of the Kenya Shilling and a reduction in the cost of fuel that is used to…
Technology entrepreneurs in Africa have been invited to apply for the investment showcase taking place at the Africa Tech Summit (ATS) slated for June 7th at the London Stock Exchange. The Africa Tech Summit drives business and investment…
The Jennifer Ward Oppenheimer (JWO) Research Grant has announced that it is receiving applications for its 2024 edition. Applications are currently open and will close on 3rd May, 2024. The winner of this year’s JWO grant will be awarded…
Standard Chartered Bank has announced the launch of its first Sustainable Account in Africa. This is in response to the steadily growing momentum in the sustainable finance space. According to Standard Chartered, the Sustainable Account is…
Jubilee Health Insurance has introduced a premium international health cover dubbed ‘Care and Health’. The new cover is specifically designed for expatriates and high net-worth individuals who frequently travel abroad, ensuring they…
Huawei has introduced a series of products and solutions for Wi-Fi 7 campuses, production networks, and smart home networks. The unveiling took place at the 2024 Huawei Kenya IP & OptiX Club held in Nairobi. The theme of the event was F5G…
The Africa Fertilizer Financing Mechanism has launched a project to help deliver nearly 8,000 tons of fertilizers to 100,000 smallholder farmers. The project is aimed to advance food security in Kenya, boosting harvests and incomes.…
NCBA has unveiled its banking application, NCBA Now, in Tanzania. This is in a bid to enhance digital banking penetration and offer a better overall experience for its customers. NCBA Now can be accessed through the App Store or Google…
The Ministry of Investment, Trade, and Industry (MITI) recently convened with traders from Nairobi’s largest markets to address the challenges facing the sector. Led by CS Rebecca Miano, the convention was attended by representatives from…
Samsung has partnered with Jambojet to launch #GalaxyInTheSky campaign an exciting initiative that brings together two iconic brands to create an unforgettable experience for consumers. As part of the partnership, Samsung has covered one…
Over the past few years, economies both locally and globally have been facing significant changes, and businesses have had to work harder than before to pull through while ensuring growth and competitiveness. At the same time, managing…
Bolt, in collaboration with M-KOPA, have announced the launch of a program to lease electric motorcycles to riders on its platform. Through the partnership, new and existing drivers will have the opportunity to lease ROAM and Ampersand…
Safaricom has launched the Connect Academy, a program to offer industrial training for fibre optic technicians in Kenya and Ethiopia. The program was unveiled on the sidelines of the Connected Africa Summit 2024, and will offer…
Hudson Sandler, an independent communications agency, has been providing strategic communications support to the 2024 AmCham Business Summit in Nairobi. The two-day summit is the flagship forum for engagement by American and East African…
TradeMark Africa (TMA) with funding from Irish Aid and EU-IGAD COVID-19 Response program has launched a Safe Trade Zone (STZ) facility in Moyale. The launch was done in partnership with the local administration in Moyale and the Government…
Launching a trucking company is a testament to the entrepreneurial spirit, threading through an industry pulsating with challenges yet abundant opportunities. At the core of success lies the ability to adapt, especially with recent…
