Latest business stories from across Kenya.
Listed agri-business firm and superfoods producer Kakuzi Plc (NSE: KUKZ) has announced a Ksh507 million half-year pretax profit on the back of a general market recovery for its macadamia nuts and avocado superfoods exports business.
KCB Group screened loans worth Kshs615 billion for environmental and social risks in 2023 as the bank races to support projects with positive environmental impacts.
Ethio telecom has signed a partnership agreement with Visa to introduce the first wallet-based virtual Visa card in Ethiopia. The agreement seeks to enhance the current international money transfer remittance services through the…
Deluxe Trucks and Buses East Africa, the distributors for Ashok Leyland Trucks and Buses in East Africa, has seen a 50% increase in sales since the beginning of the year. Despite the current tough economic climate, the trucks and buses…
Bolt has announced a strategic partnership with Hakki Africa, a microfinance company, to provide vehicle financing for drivers on its platform. The partnership aims to deploy 1,500 vehicles over the next 18 months to drivers on Bolt’s…
Mastercard has partnered with fintech startup Scale, in a bid to accelerate market deployment for fintech companies across Africa and the Middle East. The collaboration will alleviate technical and commercial barriers to entry that fintech…
PATH has released it’s Diversity, Equity and Inclusion annual report which shows significant progress in fostering a representative, equitable, and inclusive workplace. PATH’s 2023 Global Diversity, Equity, and Inclusion (DEI) Annual…
Government tenders can be won by anyone, provided they are legally registered entities operating either in the country or internationally. The government and private sector agencies are always in need of suppliers of essential commodities…
Kenya Airways has announced a significant milestone in its journey towards profitability, marking the first time the airline has reported a profit after tax since 2013.
Huawei Digital Power East Africa unveiled the 150K series inverter in Nairobi. With this launch, Huawei is set to bring value to partners with its technology innovation, lifecycle security assurance, and long-term and stable local…
BNI Kenya recently held a convention in Naivasha, bringing together over 400 entrepreneurs and business leaders from across Africa and beyond. Attendees were able to network, learn, and grow at the event, fostering deeper connections and…
Kenya Airways has reported a 102% rise in net profit to Ksh. 513 Million for the half year June 2024, this is as compared to the Ksh. 21 Billion loss posted in a similar period last year. The rise in profitability was due to a 22% rise in…
EUMETSAT, a European meteorological satellite agency, has installed the first of a series of PUMA-2025 receiving stations in Nairobi. The new infrastructure will help Kenyan meteorologists use the most accurate and frequent data from the…
Kenya Reinsurance Corporation (Kenya Re), has reported a 388% increase in insurance service results from a loss of Ksh. 0.2 billion to a profit of Ksh. 0.6 billion in June 2024. This is against a 20% growth in its insurance revenue from…
Co-operative Bank of Kenya (Co-op Bank) has reported a Ksh. 13 billion net profit for the half-year. This is a 7% jump, compared to Ksh. 12.1 billion reported during a similar period in 2023. The growth was driven by a jump in the total…
AGRA is spearheading an initiative to increase potato productivity in Kenya, dubbed Kenya Sustainable Potato Initiative (KSPI). The initiative is in collaboration with the National Potato Council of Kenya (NPCK), Egerton University, Kenya…
Peak and Dale Group has announced the acquisition of Bean Interactive, a Kenyan marketing agency. Bean Interactive was founded by Martin Kiarie who has been serving as CEO since the founding of the business. The acquisition aligns with…
Citi Hoppa, one of the commuter service providers in Nairobi, has expanded its transportation solutions with the addition of 24 new Isuzu NQR buses. The new fleet will be named G20 Design in honor of City Hopper’s limited 20 years since…
Hunter’s Choice, a whisky brand by Kenya Wine Agencies Limited (KWAL), recently rebranded with a new look and feel bottle. The rebrand was inspired by feedback from its consumers, and has three key features; a new closure, a vibrant and…
Kenya’s largest automotive distributor and service provider, CFAO Mobility has handed over a fleet of 14 Hino buses, financed by Family Bank at a value of Ksh 103 million, to MetroTrans Bus Company.
Safaricom’s M-PESA has been re-certified by the GSM Association, a recognition that underscores the company’s commitment to providing secure, transparent and reliable financial services.
Nairobi City commuter service bus company, Citi Hoppa, has expanded its transportation solutions with the addition of 24 new Isuzu NQR buses to its fleet.
Qatar Airways has announced an enhancement to its business class service with the introduction of caviar on its menu offering. Starting with 13 routes from 15th August, passengers can experience caviar onboard. These routes are Doha to…
US Ambassador to Kenya, Meg Whitman, recently toured the Kenya Vehicle Manufacturers (KVM) e-bus assembly line in Thika. The visit highlighted a significant development in US-Kenya relations, three months after President Ruto’s state visit…
