Latest business stories from across Kenya.
The Equity Group Board has announced the appointed Moses Okoth Nyabanda, the Group’s Chief Finance and Strategy Execution Officer as the Acting Managing Director of Equity Bank Kenya. The appointment is subject to approval by the Central…
Sasini has issued a profit warning for the full year ending 30th September, 2024, citing higher production costs, depressed commodity prices, and supply chain disruptions. The company anticipates a 25% decline in net profits for the year…
Conduit, a cross-border payments platform, has secured USD 6.5 million from Helios Digital Ventures to expand across Africa and boost its B2B money transfer system. Since its inception in 2021, the startup initially linked cryptocurrencies…
Hotpoint Appliances, a distributor of LG electronics, won silver in the Best Home Appliances eCommerce Website category of the sixth Kenya e-Commerce Awards. The awards honor teams and individuals who are driving change in the e-commerce…
Mimecast, a Human Risk Management (HRM) platform, has announced the acquisition of Aware, an AI collaboration security platform. The acquisition was made in a bid to revolutionize how organizations manage and mitigate human-centered…
Kenya Association of Manufacturers (KAM) Chairperson Jane Karuku has announced that Anthony Mwangi, who has served as the KAM CEO for the last 2 years, has stepped down. Consequently, Tobias Alando, the current KAM COO, will assume the…
Co-operative Bank of Kenya Profit Before Tax for the half-year period ending 30th June 2024 hit Ksh18.2 billion, growing 10.7% from Ksh16.4 billion recorded in the same period in 2023.
The Multichoice Talent Factory (MTF) program is calling out for entries to the Class of 2025. The program is offers aspiring filmmakers across Eastern Africa a chance to hone their skills and build successful careers in the film and…
OPPO recently made an appearance at this year’s edition of Google I/O Connect in China. As a leader in artificial intelligence, Google is at the forefront of AI technology development and application across various fields. Leveraging its…
Visa has released new data revealing initial consumer spending patterns during the opening weekend of the Olympic Games Paris 2024. As the official payment technology partner of the Olympic and Paralympic Games, Visa has identified the…
Euroform, a manufacturer of aluminium metal, has launched its operations in Tatu City with a new workshop in Tatu Industrial Park. The launch is part of Euroform’s growth plan. Euroform’s first major project is the completion of The Link…
I&M Bank has been recognized as the number one bank in the Kenya Banking Consumer Sentiment on Social Media Index 2024. The analysis of consumer sentiment towards Kenya’s major banks powered by Data EQ, tracked over 502,000 public online…
A total of 113 scholars from the Equity Leadership Program have secured admission and scholarships to join 71 global universities located in 22 countries around the world. The scholars secured scholarships valued at Ksh. 2,797,026,475 (USD…
Inchcape Kenya has launched the 2024 BMW F 800 GS, F 900 GS, and F 900 GSA adventure motorcycles in Nairobi. The unveiling of the models took place at the Bikers Family Festival, an annual event organized by the Private Bikers Association.…
The African Telecommunications Union (ATU) has convened telecommunications and ICT regulators, policymakers, and industry leaders from across Africa. The convention, which is taking place in South Africa, is the third and final African…
Inchcape Kenya has announced the launch of three brands of adventure motorcycles, taking the GS legacy to new heights through innovation in engineering and technology.
Kenya Breweries Limited (KBL) through its flagship brand Tusker, hosted sports fans in Eldoret and Ruiru this past weekend for viewing parties of the final two days of the Paris 2024 Olympics. Thousands of fans converged at Tamasha in…
Safaricom has announced major advancements in its 5G network coverage, having crossed the 1,000 sites mark. The telco’s 5G network is now available in all 47 counties in Kenya, and is actively growing its 5G footprint to 14% of the…
Anzisha Prize has announced the 2024 winners at their annual Entrepreneurship Education in Africa awards (EEA) gala held in Johannesburg, South Africa. The overall winners were Mathias Yabe, Nzinga Antonio, Sharon Alyorneku and Ivo…
Stakeholders at the Women’s Empowerment Principles (WEP) Forum have emphasized the need to recognize and value the care economy in Kenya. Likewise, they have called for the reduction of the burden of unpaid care work to promote economic…
Safaricom has awarded five more winners with Ksh. 1 million each in the ongoing countrywide Shine Kenya Shinda Mamilii Kama Bingwa campaign. This is the fifth week of the promotion, bringing the total number of weekly millionaires to 25.…
Sukhiba hosted its first-ever Conversational Commerce Summit bringing together industry experts, stakeholders, and tech enthusiasts to explore the latest innovations in Conversation Commerce and AI. Sukhiba is at the forefront of…
I&M Bank has been recognised as the number one bank in the Kenya Banking Consumer Sentiment on Social Media Index 2024 powered by Data EQ.
The East African Development Bank (EADB) has launched a program to boost the growth of SMEs in Kenya to the tune of Ksh. 892 million. The Ksh. 892 million program was launched in partnership with Sidian Bank, HF Bank, Development Bank of…
