Latest business stories from across Kenya.
KCB Bank Kenya, in collaboration with Mastercard, has launched a multi-currency prepaid card that supports 11 hard currencies. The card supports a range of currencies that include; the Kenyan Shilling, US Dollar, British Pound Sterling,…
Safaricom in partnership with two fund managers – Standard Investment Bank and ALA Capital Limited – has officially launched Ziidi Money market Fund (Ziidi MMF), a unit trust investment powered by M-PESA.
The Central Bank of Kenya (CBK) has announced a bond sale worth Ksh 70 billion, inviting both individual and institutional investors to participate. The sale, which runs from January 23, 2025, to February 12, 2025, offers an opportunity to…
When Ken Omwoyo got employed at a popular restaurant in Nairobi CBD, he never imagined that a time would come when the job that was so dear to him would end up leaving him jobless. This was the sad reality the man who has over the years…
The Ministry of Agriculture and Livestock Development, through the State Department of Livestock, is launching a new livestock identification and traceability system aimed at helping Kenyans track their animals more effectively. Under the…
Hyatt Hotels Corporation (NYSE: H) has officially opened Hyatt Regency Nairobi Westlands, marking its debut in Kenya.
Businesses ran by youth, women and persons with disabilities (PWDs) received worth Ksh. 4.15 billion from Kenya Power during the last financial year (ended 30th June 2024). The uptake surpassed the Ksh. 1.2 billion target for the year that…
The Kenya Kwanza administration is advancing plans to establish a faster and more interoperable payment system to rival Safaricom’s popular mobile money platform, M-Pesa. The National Treasury announced its commitment to implementing the…
Kenya is introducing new regulations that require cryptocurrency firms to establish local offices as the government moves to regulate crypto trade in the country. The National Treasury’s Virtual Asset Service Providers Bill, 2025 mandates…
Perminus Wainaina is the chief executive officer at Corporate Staffing Services, a Human Resource Consultancy firm based in Westlands, Nairobi. I took a big risky step to leave a stable job and venture into HR consultancy. Since then, I…
CMC Motors Group has announced its decision to gradually wind down operations in Kenya, Tanzania, and Uganda in full compliance with local regulations and distributorship agreements.
Beginning July of this year, the government will bring all 47 counties under the Treasury Single Account (TSA) system to improve public funds management. The TSA is a unified structure that consolidates government bank accounts, optimizing…
Starting February 2025, consumers in Kenya are likely to experience higher sugar prices due to the implementation of a new tax on both domestic and imported sugar. Agriculture Cabinet Secretary Aden Duale has officially gazetted the Sugar…
While other businesses are entangled in competitive competition, boring businesses enjoy a more tranquil market space. One of the reasons why people tend to avoid these businesses is due to the tedious work involved. However, these…
Sanlam and Santam has announced the opening of entries for the 2024-2025 edition of the Sanlam Group Awards for Excellence in Financial Journalism. This year marks 50 years since the competition started and The jubilee edition of the…
The Safaricom Board of Directors has announced the appointment of Mr Edward Okaro as an Independent Non-Executive Director, with effect from 15th January 2025.
In a move to bridge the gap between Kenya’s informal sector and the government’s Affordable Housing Program (AHP), 20X Entrepreneur has officially launched the Chanuka, Jipange na Opportunities initiative. The program aims to equip…
Dr. James Mwangi, the Group Managing Director and CEO of Equity Group Holdings, has been appointed to the Global Board of Advisors at the Council on Foreign Relations (CFR), one of the world’s leading think tanks. In a statement issued on…
The National Treasury estimates that Kenya will need Ksh1.82 billion to develop and publicize regulations for cryptocurrency and digital tokens, a move aimed at combating tax evasion, fraud, and cybercrime amid the increasing use of…
Deputy President Kithure Kindiki says Kenyans seeking title deeds will now have easier access to them following a new government directive to speed up the processing of this vital land ownership document. DP Kindiki announced on Tuesday…
Capwell Industries Ltd (CIL) has announced the addition of Komboka Rice, a new long-grain aromatic rice variant to its range of consumer products.
Road users in Nairobi should prepare for a temporary traffic disruption along Uhuru Highway between January 16 and February 20, 2025. The Kenya National Highways Authority (KeNHA) issued a notice dated January 9 on its official social…
Kenya is among the African countries with the highest costs of sending funds abroad. Thousands of Kenyans lose money every year while supporting their families back home. So, how to send money to Kenya from the UK without unnecessary…
Leverage trading is a great way for traders to boost their market exposure without putting down the full amount of capital. By borrowing funds, traders can potentially increase their profits—though it does come with bigger risks. It’s…
