Latest business stories from across Kenya.
The procurement landscape is a complex web of decision-making, negotiations, and strategic sourcing. At the heart of this process often lies a powerful tool known as the Request for Proposal (RFP). This document formally invites suppliers…
Co-op Bank profit increased to Ksh6.58 billion for the first quarter of 2024 as its strategic focus on sustainable growth and resilience continues to bear fruit.
Africa is often hailed as the birthplace of some of the world’s most exciting tech startups. From Cape to Cairo, small businesses across the continent have become catalysts for change, helping to drive economic prosperity and leaving their…
DIB Bank Kenya (DIBBK), a wholly owned subsidiary of Dubai Islamic Bank PJSC (the largest Islamic bank in the UAE), announced its results for the period ending March 31, 2024.
Del Monte Kenya Ltd., a leading producer of fresh fruit has established a plant that will turn the company’s pineapple residues into biofertiliser.
Access Bank has launched a new payment solution in collaboration with Mastercard to expand access to cross-border payments and remittances across Africa. The collaboration with Mastercard aims to empower individuals and businesses to enjoy…
Old Mutual Group and its subsidiary, Faulu Microfinance Bank, recently took part in an exercise targeting 500 families in Nyeri County affected by floods. The support program was done in partnership with the County Government of Nyeri, and…
Samsung Medison, a medical equipment company and an affiliate of Samsung Electronics, has signed an agreement to acquire Sonio SAS, a fetal ultrasound AI software company. The acquisition is seen as a market breakthrough to boost…
CASIO Middle East and Africa FZE, the regional subsidiary of CASIO Computer Co. Ltd, the leading technology company, has opened its second CASIO G-SHOCK store in Kenya and first in Mombasa, as it looks to tap into the growing watches and…
The disruption of two undersea fibre optic cables left Kenyan Internet Service Providers and companies facing significant losses as services were severed, impacting internet users, international voice calls, and business operations.
Airbus SE has reported consolidated financial results for its First Quarter (Q1) ended 31 March 2024. Gross commercial aircraft orders totalled 170 (Q1 2023: 156 aircraft) with the same number of net orders due to no cancellations (Q1 2023…
BURN Manufacturing (BURN), a clean cook-stove manufacturer, has donated six ECOA institutional clean cook-stoves and dry foods to feed over 2,000 people daily affected by the ongoing floods in the country. The 200-liter institutional…
The Africa Tech Summit (ATS) London is set to commemorate the eighth edition of its Investment Showcase at the London Stock Exchange on June 7th, 2024. Fifteen tech ventures have been selected will join the ATS Investment Showcase 2024,…
Mothers travelling with Air France can continue to expect the best in services with the airline maintaining a keen interest in offering all the support needed for a pleasant flight. This was re-affirmed by Air France-KLM Regional Manager…
Dessra Ventures, a baked goods manufacturer, has signed a deal with Isuzu East Africa to acquire a new fleet of 40 Isuzu NMR and FRR trucks. This is in addition to its 100-vehicle fleet. The move by Dessra represents a logistical upgrade…
Starcloud, a tech-based education publisher, is among Estonia’s private sector players set to launch operations in Kenya in partnership with local stakeholders. The partnerships are aimed at helping Kenya modernize delivery of learning at…
Old Mutual Group and its subsidiary, Faulu Microfinance Bank, have provided humanitarian aid to flood victims in Nyeri. The company took part in an exercise targeting 500 families in Nyeri County affected by floods. The support program…
Jambojet has launched the Jambojet Sustainability Challenge in the annual Kitenge Fashion Festival. With winners being awarded up to ksh.400,000 plus return trips to any destination of choice. Entries in the challenge repurposed old…
Equity Group Holdings has announced that it has recorded a strong Ksh. 16 billion profit after tax for the period ended 31st March 2024. This is a 25% growth to the Ksh. 12.8 billion the company reported in a similar period last year. This…
African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. The Awards aim to recognize individuals and organisations driving Africa’s rapidly transforming financial services…
Qualcomm has announced the shortlisted startups for Qualcomm Make in Africa 2024, from an application pool of about 250 startups from 30 countries. Four out of the 10 shortlisted startups are from Kenya. These are Aurora Health, CropScan,…
CCI Global, Africa’s largest outsourcing firm, has announced the grand opening of Kenya’s largest call centre in Tatu City.
Ethiopia’s Berhan Bank has partnered with Mastercard to launch a co-branded pre-paid card designed to revolutionize online international transactions. The partnership aims to cater to the growing needs of international travelers and…
Safaricom PLC has today announced that it has posted a Ksh. 42 billion net profit for the year ended March 31, 2024. This is a reduction from the Ksh. 52 billion the company posted in a similar period last year. Total revenue for the…
