Latest business stories from across Kenya.
Paymob has announced a Ksh. 2.8 billion (USD 22 million) Series B extension round, taking the company’s total Series B funding to Ksh. 9.2 billion (USD 72 million). The funding round was led by EBRD Venture Capital, with participation from…
USAID, TradeMark Africa (TMA) have launched a Ksh. 65.5 million (USD 508,000) grant for private sector enterprises, in partnership with the East African Business Council (EABC). The partnership is expected to boost the trading potential of…
Rise, a Nigerian fintech company, has acquired Hisa, an investment startup in Kenya. The acquisition was approved by Kenya’s Capital Markets Authority (CMA) and gives Rise the green light to operate in Kenya. Post-acquisition, Hisa will…
Samsung Electronics has announced that seven models in its 2024 Neo QLED and QLED lineup have received the True Cinema Black and HDR Brightness Accuracy certifications from Verband Deutscher Elektrotechniker (VDE). VDE is a German…
The Tax Appeals Tribunal (TAT) has ruled that withholding tax does not apply to management or professional fees paid to non-resident entities under the Kenya-France and Kenya-South Africa Double Tax Treaties (DTTs). The decision has been…
Bamburi Cement Plc has confirmed receipt of a Ksh25.4 billion counter offer from Savannah Clinker Limited, the Kenyan local building and construction solutions provider seeking to acquire the listed cement manufacturer.
DTB Bondo has been launched in Siaya County, as part of its local expansion into new sectors of the economy and taking its services closer to customers.
The Kenya Pipeline Company (KPC) has on-boarded Syokinet Solutions, to activate 1.6Tbps data capacity on its fibre optic cable which runs from Mombasa to Nairobi. The new high-capacity fiber link is expected to bring fast gigabit internet…
Mama Money has announced the return of the Mama Money GhanaFest, taking place on Saturday, 14 September 2024 in Pretoria, South Africa. The event, now in its 10th edition, will be headlined by King Paluta and Ofori Amponsah from Ghana.…
Field, a healthtech company, has launched a route-to-market service that will introduce emerging therapies to tackle the urgency of maternal mortality, newborn and child health, and nutrition. The initiative will leverage Field’s…
TLcom Capital has announced its 6th edition of the Africa Tech Female Founder Summit, slated for 15th October in Nairobi. The Summit is Africa’s largest gathering of women tech entrepreneurs and is now open for applications. The theme for…
Diamond Trust Bank (DTB) has officially opened a new branch in Bondo, Siaya County. The opening is part of its continued local expansion drive aimed at expanding business into new sectors of the economy. The new branch, located within Naya…
The British Council has announced it will for the first time, host its flagship New Directions Conference in Nairobi from 24th to 26th September, 2024. This is the first time the conference will be hosted in Africa, bringing the…
The Fortified Whole Grain Alliance (FWGA) has been officially launched, with a new goal of reaching 10 million people across Kenya, Rwanda, Benin, Burundi, Egypt, Ghana and Nigeria. The launch was held at the 2024 Africa Food Systems…
AGRA has announced six winners of the 2024 Women Agri-preneurs of the Year Awards (WAYA) held during the Africa Food Systems Forum (AFS Forum). This year’s WAYA Awards finalists were selected from a pool of 1,535 applications spanning 44…
KLM Royal Dutch Airlines has unveiled its first Airbus A321neo, in its journey to replace its Boeing 737 fleet with cleaner, less noisy, and more efficient aircraft. The first of the replacement A321neos, dubbed Butterflies, touched down…
Sarova Hotels & Resorts recently hosted a dinner to celebrate its 50th anniversary this year in Nairobi. Since its inception in April 1974 with the opening of the Ambassadeur Hotel in Nairobi, Sarova Hotels & Resorts has grown into a…
The Tax Appeals Tribunal dismissed an appeal by the M-Pesa Foundation Charitable Trust (M-Pesa Foundation), challenging the decision by Kenya Revenue Authority (KRA) to assess and demand payment of Ksh6,487,830 of withholding taxes on the…
Phoenix Aviation, Kenya’s premier executive and VIP charter carrier based at Wilson Airport in Nairobi, has expanded its fleet to 13 to boost its tourism and professional medical evacuation services across the world.
EABL’s whiskey and culture festival, Walker Town, has announced that Afrobeats star REMA will headline the opening day of Walker Town Nairobi edition on September 28th. The festival is designed to celebrate different whisky flavours…
Twenty-four-year-old Kepher Okoth Ooko from Kanga, Migori County, is the grand winner of Ksh5 million in the “Shine Kenya Shinda Mamilii Kama Bingwa” promotion. Okoth, who is a motorcycle mechanic based at Kanga Junction in Migori county,…
The ICT Authority has signed an MoU with the Kenya Network Information Center (KeNIC) to enhance the adoption of ICT standards and enhance the use of .ke domains. The partnership will also facilitate knowledge and skills transfer as the…
Bolt has rewarded more than 350 of its top-performing driver-partners for their dedication and exceptional service as part of its driver reward campaign. The ceremony was held at Bolt’s Driver Engagement Centre in Westlands and saw drivers…
The Partnership Africa has made a name for themselves in the marketing and communication market in Kenya, only one year since its inception. The audacious attitude of this new company has won them major local and international clients in…
