Latest business stories from across Kenya.
Curio Collection by Hilton recently held the official opening ceremony for Kwetu Nairobi, Curio Collection by Hilton in Nairobi. The opening marks the debut of Curio Collection by Hilton in East Africa, with a promise to provide guests…
The second edition of Cocktail Runs with Rono was held at Mageuzi Hub, drawing over 40 participants from a wide range of careers and fitness backgrounds. The event is designed to blend fitness, networking, and inspiration, and is quickly…
Kenya is hosting this year’s edition of the Africa Fintech Summit from September 4th to 6th at the J.W. Marriott in Nairobi. The Summit will bring together African and global Africa-focused fintech stakeholders for growth-enabling…
Old Mutual Holdings PLC has announced a profit after tax of Ksh327 million for the first half of 2024, a remarkable turnaround from the Ksh195 million loss recorded during the same period last year.
Old Mutual Group has announced that it has posted a profit after tax of Ksh. 327 million for the first half of 2024. This is a significant turnaround from the Ksh. 195 million loss reported during the similar period in 2023. Some of the…
Human Mobile Devices (HMD) has officially launched the HMD Barbie phone in Kenya. The retro flip phone was launched in collaboration with Mattel and offers a perfect accessory for those looking to unplug from their smartphones and embrace…
Kenya Airways (KQ) has announced a few strategic appointments in a bid to enhance operational efficiency and strive sustainable growth. Hellen Mwariri Mathuka, previously KQ’s Chief Finance Officer, has been named the new Chief Strategy…
Kenya Airways (KQ) has announced its participation in this year’s Global Sustainable Flight Challenge set to begin on Wednesday, 4th September. The challenge is an initiative by SkyTeam Alliance, which seeks to award airlines operating…
Jubilee Insurance has announced the launch of the third edition of the Jubilee Live Free Race powered by GNBR. The race was launched in collaboration with Grand Nairobi Bike Race and is slated for 29th September this year in Nairobi.…
African B2B e-commerce firms Wasoko and MaxAB have completed their merger following the signing of preliminary terms in Q4 2023. The deal was conducted as an all-stock transaction and establishes a platform for communities across Africa to…
Bayobab Kenya, which is part of Bayobab Group, has announced the completion of a long-distance fibre network, connecting Mombasa to Malaba and Busia. The fibre runs up to the border of Kenya and Uganda where it interconnects into Uganda…
TechCabal has announced the launch of its second annual Moonshot by TechCabal conference, to be held on 9th to 10th October, at the Eko Convention Centre in Lagos, Nigeria. The event will feature keynote sessions from tech leaders such as…
The Old Mutual Group has launched the Old Mutual Business Roundtable, a platform aimed at fostering collaboration and growth among SMEs in East Africa. The network will bring together SME owners, investors, financial institutions,…
Savannah Clinker Limited (SCL) has placed a counter-offer bid of Ksh. 25.4 billion to acquire up to 100% of the issued ordinary shares in listed cement company Bamburi Cement. The bid, which is subject to regulatory approvals, also offers…
The Kenyan government, through the Ministry of Interior and National Administration, is coordinating a Cloud Computing Security training program in partnership with Huawei. The collaboration is aimed at improving Kenya’s Cloud Computing…
Jordan Schleck and Aleper Mary are the winners of the fourth and final leg of the 2024 LOOP Safari Gravel Series held Vipingo Ridge in Kilifi County. The Vipingo edition attracted over 200 participants, ranging from elite cyclists in the…
I&M Group has received the international standard ISO/IEC 27001:2022 certification for Information Security Management Systems (ISMSs) for 3 out of its 5 banking subsidiaries. They are I&M Bank Kenya, I&M Bank Rwanda, and I&M Bank…
Bolt has announced a 10% increase in base fares across all its ride categories. Following the announcement, all rides booked through the Bolt platform will reflect a 10% increase in the base fare. For instance, the base fare for the…
In Kenya, statistics indicate that over 70% of businesses fail within the first three years. This translates to a about 23.3 percent per year attrition on the initial investment which is quite high. As a small business owner, I can attest…
The Central Bank of Kenya (CBK) has released the weighted average loan rates for various commercial banks as of July 2024. The loan data provides a snapshot of the lending environment for individuals and businesses across different banks…
Safaricom has announced the appointment of James Ludlow as a non-executive director, effective 28 August 2024, for a period of one year. Ludlow replaces Francesco Bianco who exited the board earlier this month. Ory Okolloh also exited the…
We live in a world where technology is rapidly evolving, and businesses have to stay ahead of the curve in order to maintain competitiveness and operational efficiency. In the manufacturing and distribution sector, businesses have had to…
Savannah Clinker Ltd (SCL), a Kenyan building and construction sector company, has placed a sweet counter-offer bid to acquire up to 100% of the issued ordinary shares in listed cement solutions provider Bamburi Cement Plc, subject to…
Diamond Trust Bank (DTB) has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking developed through a collaboration between banks worldwide and the United Nations…
