Latest business stories from across Kenya.
The National World Desertification Day celebrated on June 17, 2024, in Doldol, Kenya was graced by top government officials amongst them Environment CS Soipan Tuya and the Laikipia County governor. As the temperatures kept soaring,…
Tatu City has partnered with Standard Chartered to host the official warm-up run for the Standard Chartered Nairobi Marathon on Saturday, July 13, 2024 starting from 7am. With race distances of 5km, 10km, and 21km, the full-day event…
Hotpoint Appliances has announced a 40% discount on electronics as part of its 40th anniversary celebrations, which began at the end of June and will last until August 4, 2024. Established in 1984, with its first store at the Sarit Centre…
Kingdom Bank has opened its 22nd branch in Meru County and it is the third branch opened this year. The Meru Branch is located at Ntima Building along Tom Mboya Street in Meru Town. This strategic expansion is aimed at supporting the…
Faulu Microfinance Bank has disclosed that it has received over Ksh 900 million from its parent company, Old Mutual. The investment is aimed at strengthening its operations and reposition its business model for long-term growth. The…
Kenya Power has announced that a total of 2 million prepaid token meters have been updated in the last three weeks since the public launch of the Update Token Meter Yako campaign. The meter update exercise targets 7.4 million prepaid…
The Electricity and Petroleum Regulatory Authority (EPRA) has recovered 26,000 in the past three years, in a nationwide clampdown on illegal LPG refilling plants. According to the regulator, compliant brand owners lose about Ksh 1.2…
Recently, Bitcoin has emerged as a promising asset class for corporate treasury management. Its decentralized nature, limited supply, and growing adoption have made it an attractive option for companies looking to diversify their…
Qatar Airways Group has reported the strongest financial performance in its 27-year history, with record profits of USD 1.7 billion in its Annual Report for the 2023/24 financial year. This number represents a 6% increase of USD 1.3…
Twiva recently won two accolades at the Kenya E-commerce Awards held at the Movenpick Hotel. Twiva is an AI-driven social commerce platform. The company bagged 1st place in the Top Rising Star category and at first runner-up position, in…
Samsung recently published its 2024 Sustainability Report, detailing all its recent efforts on the path to reaching net zero Scope 1 and 2 emissions and increasing device security. The report comes nearly two years since the company…
The Public Relations Global Network (PRGN) has launched the Global Expert Panel on tourism and travel for Africa, led by its member agency, the Newmark Group. Newmark is a strategic communications and advisory firm headquartered in…
A delegation of the European Investment Bank (EIB Global) led by EIB Vice President, Thomas Östros, is visiting Tanzania for a series of business engagements to ramp up its investment in the country. The visit provides an opportunity to…
Sanlam and Santam, the joint sponsors of the Sanlam Group Awards for Excellence in Financial Journalism, have officially announced the shortlisted entries for the 2023 awards. This year, a total of 170 entries from 13 countries in Africa…
The EU-Kenya Economic Partnership Agreement (EPA) has officially entered into force, representing a key milestone in the EU-Kenya Strategic Partnership. The agreement is expected to boost bilateral trade in goods, increase investment…
In Kenya, as in many parts of the world, the insurance sector is fundamentally revered as a provider of financial security and stability to individuals and businesses alike. However, despite its importance, the industry has often been…
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Kenya’s economy, contributing significantly to innovation and economic growth. According to the Kenya National Bureau of Statistics (KNBS) Economic Survey 2022, MSMEs account…
What is Project invoicing? Project invoicing is a critical aspect of financial management within a business that deals with billing clients for work completed on a project basis. It encompasses the generation of an itemized bill of…
NCBA Group PLC (NCBA), on 1st July announced the completion of its 100% acquisition of AIG Kenya Insurance Company Ltd (AIG Kenya), strengthening its position in the financial services industry.
On June 28, Samsung Electronics released Samsung 2024 Sustainability Report which contains the company’s strategies and major achievements related to the environment, social and governance.
Equity Group recently held its 20th Annual General Meeting as the shareholders voted in favor of all proposals by the Board of Directors with a large majority through electronic means. The approvals include a dividend payout of Ksh 15.1…
The Mastercard Foundation has launched its Ksh 16 billion (USD 126 million) Fund for Resilience and Prosperity to support SMEs in agriculture, climate adaptation, and digital economy sectors across 20 countries in Sub-Saharan Africa. The…
BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) have announced the selection of ten startups as part of the Africa Blue Wave and Regen Wave initiatives. Each startup is set to receive Ksh 7.1 million…
Simba Corporation has delivered the first of the all-electric Mahindra XUV400 Sports Utility Vehicles (SUV) to Kenya Power. The two electric vehicles are part of six that have been acquired by Kenya Power this year. The company plans to…
