Airtel Money Newest Partnership Heightens Competition for M-Pesa
Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide.
2 min read
Business
Latest business stories from across Kenya.
Mawingu Acquires Tanzanian ISP Habari for Sh1.9 Billion
Internet Service Provider (ISP), Mawingu, today announced the acquisition of Habari, an Arusha-based ISP with operations across seven regions in Tanzania.
3 min read
New Report Highlights Google’s $900 Million Boost to Kenya’s Economy in 2023
Today, the Ministry of ICT, Google, and other stakeholders unveiled the findings of The Digital Opportunity of Kenya, an independent report conducted by Public First. The report explores the transformative impact of digital technology on…
3 min read
Family Bank Q3 Profit Rises to Sh2.3B Despite High Expenses
Family Bank profit after taxation rose to Ksh2.3 billion, up from Ksh2.1 billion realised the previous year.
2 min read
KCB Group Posts Double-Digit Rise in Net Profit to Sh45.8 Billion
KCB Group PLC recorded Ksh45.8 billion in profit after tax for the first nine months of the year, driven by sustained revenue growth.
2 min read
Kenya Airways Clinches 2 Prestigious Awards at 2024 World Travel Tech Awards
Kenya Airways (KQ) has been awarded Africa’s Best Airline Website 2024 and Africa’s Best Airline App 2024 at the 4th Annual World Travel Tech Awards.
1 min read
WPP Scangroup Issues Profit Warning as Former CEO Demands Billions
WPP ScanGroup PLC has yet again issued a profit warning for the financial year ending 31st December 2024, as the marketing and communications company struggles to make money in tough economic times.
2 min read
Tech Incubator iHub Pumps Sh1.3 Billion in Startups, Eyes Regional Expansion
Africa’s Pioneering tech incubator – iHub – is pushing for greater Pan-African collaboration in Africa’s technology, creative, and entrepreneurship sectors by unveiling a new hub in Nairobi after 14 years of operations in Kenya.
2 min read
Melanie Hapisu: Why adaptability is an essential business strategy
Adaptability is a crucial trait for thriving entrepreneurs as it enables them to quickly and effectively respond to changes in the business environment. This is one of the important traits Melanie Hapisu had to adopt when she started her…
2 min read
NBK Shakes Kenya’s Banking Industry With 142% Growth in Profit
The National Bank of Kenya (NBK) has recorded an outstanding growth in financial performance, posting a Ksh1.2 billion profit after tax for the third quarter ending 3oth September, 2024. This represents an impressive 142% increase in net…
2 min read
Failing Forward: Embracing Mistakes on the Path to Success
Global Entrepreneurship Week is a time to celebrate the resilience and creativity it takes to start something new. For those just beginning their journey in innovation, it’s easy to feel overwhelmed by the challenges and risks that are…
4 min read
I&M Bank Posts Pre-tax Profit of Ksh14.1 Billion
This week, I&M Bank reported a monster jump in its third-quarter earnings, reaping Ksh14.1 billion in profit before tax, far higher than what most analysts had expected. The East Africa chief executive of I&M Group PLC stated that the…
3 min read
Kenya Power Turns on a New Business Strategy
Kenya Power has launched its sustainability strategy that provides a roadmap for the entrenchment of sustainable business operations.
2 min read
NCBA Deal to Enable Customers Send and Receive Money Across 160 Countries
NCBA has signed a Memorandum of Understanding (MoU) with Xpress Money, a cross-border international payment solutions platform, to offer efficient remittance services to its diaspora customers.
1 min read
Kenya’s Rugby Team Shujaa Attracts Sh84 Million Sponsorship
SportPesa has pledged Ksh84 million in support for the Kenya men’s national rugby 7s team, Shujaa.
2 min read
Absa opens a new branch at Kamakis in Kiambu County
Absa Bank has opened a new branch in Kamakis, Kiambu County, this is in a bis to strategically position itself to serve the banking needs of this emerging town and its surrounding communities. The new branch is a vital part of the Bank’s…
1 min read
PZ Cussons Splashes Sh100 Million to Capture Luxury Skincare Market
PZ Cussons East Africa has targeted the luxury skincare market with a Ksh100 million transformation program designed to turn its Venus brand into a strategic growth driver.
2 min read
Co-op Bank Named Overall Winner of 2024 Sustainable Finance Catalyst Awards
Co-operative Bank of Kenya was on 20th November 2024 named the Overall Winner at the Kenya Bankers Association (KBA) 2024 Sustainable Finance Catalyst Awards.
1 min read
KCB Group posts a Ksh. 45.8 Billion net profit in Q3 2024
KCB Group has posted a Ksh. 45.8 billion in net profit for the first nine months of the year. This represents a 49% growth from KShs.30.7 billion posted a similar period last year. The rise in profitability was due to a 22% rise in total…
1 min read
Oil Company Entices Travellers With Modern Toilets
On World Toilet Day, RUBiS Energy Kenya unveiled its newly designed washroom facilities at RUBiS Narok Service Station, strategically positioned along one of Kenya’s major transport highways and key tourist routes.
2 min read
Features of New Currency Notes Released by Central Bank of Kenya
The Central Bank of Kenya has released new currency notes starting with the Ksh1,000 denomination.
1 min read
How Kenyan banks are empowering the youth through training programs
With the prevailing tough economic conditions, Youth unemployment in Kenya has risen to an estimated at 12.23%. This is according to a World Bank report that was released last year. This is pretty high as compared to our neighbors Uganda…
3 min read
Kenya Airways CEO Allan Kilavuka Lands Plum Job at AFRAA
Kenya Airways CEO, Mr Allan Kilavuka, has been appointed the new Africa’s Airline Association (AFRAA) Chairperson.
2 min read
No One-Size-Fits-All: Embracing Unique Journeys in Entrepreneurship
When people think about entrepreneurship, the image that often comes to mind is that of a young, driven individual with a groundbreaking idea, ready to make a mark in the community around them. But the reality of entrepreneurship is far…
5 min read