Street Markets Spark a Creative Industry Boom
Street markets in Windhoek, Namibia’s capital, are fuelling a significant boom in the creative industry amid limited commercialization opportunities for local artists.
3 min read
Business
Latest business stories from across Kenya.
Uganda’s Bellazuri Cosmetics opens new store in Kenya
Bellazuri Cosmetics has opened its first experiential store in Nairobi which is located on the Lower Ground Floor of Sarit Centre, next to Carrefour. Bellazuri Cosmetics is a Ugandan luxury beauty brand and it stocks skincare and makeup…
1 min read
HEVA Fund launches new loan products to creatives; To give up to Ksh. 5 million
HEVA Fund has announced announced the launch of two new loan products that target the creative industry in Kenya. The loan products aim to finance over 7,000 young women and men in the creative sector. Dubbed Ota Kopa & Ota Kopa Plus the…
2 min read
Telkom to develop & test advanced mobile network technology in Ksh. 568M partnership
Telkom Kenya has partnered with mobile equipment vendors Rakuten Symphony and Airspan Networks to develop and test Open Radio Access Network (Open RAN) technology. Rakuten Symphony is a service-based technology company from Japan, and…
2 min read
Kenya hosts the largest AI conference in Africa courtesy of Microsoft
Kenya has today hosted the largest Artificial Intelligence (AI) conference in Africa courtesy of Microsoft East Africa. The event, organised by Microsoft as part of its global AI Tour, occurred against a backdrop of rapid AI adoption by…
2 min read
Mastercard reports estimates that the Kenyan GDP will grow by 4.7% in 2025
The Mastercard Economics Institute has released Economic Outlook 2025, its annual report identifying the themes that will shape next year’s economic landscape. The global economy has managed through a series of shocks admirably over the…
2 min read
HerFolio by Ogilvy Africa launches to empower female creatives in Africa
The Ogilvy Africa Network has launched HerFolio during Nairobi Design Week, a platform designed to elevate and connect female creatives across Africa. HerFolio will provide a dedicated online platform for showcasing the portfolios of…
2 min read
Investors Reap Ksh9.6B as KCB 2024 Profit Hits New High
KCB 2024 profit after tax grew by 64.9% to Ksh61.8 billion, accelerated by strong top-line expansion across all businesses. This was a rise from Ksh37.5 billion reported a similar period last year.
2 min read
KRA Assures Kenyans: No More Raids on Pay Slips, Focus Shifts to Expanding Tax Base
The Kenya Revenue Authority (KRA) has assured Kenyans that it is focused on reducing the financial strain on salaries rather than imposing additional deductions. During a television interview with NTV on March 11, KRA Chairman Ndiritu…
1 min read
Kenya’s Mobius Motors Back in Business, New SUV Coming Soon
Kenya’s first homegrown car manufacturer, Mobius Motors, is making a comeback after being acquired by Middle Eastern investment and technology firm, Silver Box. The automaker, founded in 2010 by British entrepreneur Joel Jackson, had faced…
1 min read
Government Approves Sacco Law Reforms to Protect Members’ Savings
The Cabinet has approved amendments to the Sacco Societies Act, 2008, aiming to enhance financial stability and modernize operations within Kenya’s Savings and Credit Cooperatives (Saccos). The decision follows a series of financial losses…
2 min read
Uber One Arrives in Kenya with Discounts & Free Deliveries
Uber Kenya has rolled out Uber One, a subscription-based program designed to give customers exclusive savings and rewards on rides and deliveries. The membership plan offers frequent Uber users reduced fees and special perks on both rides…
2 min read
Customers’ delight after popular beer Summit Lager roars back to life
Popular alcoholic beverage Summit Lager has made a resounding comeback in the market more than three years after it suddenly disappeared after protracted legal battles with the state. The Keroche Breweries staple, widely popular across…
2 min read
CEO Hosts Podcast to Inspire Next Generation Changemakers
The Mastercard Foundation has announced the launch of a new podcast to challenge, motivate, and inspire the next generation to lead with purpose and to act with courage.
2 min read
Standard Chartered to invest $1.9M to expand its Futuremakers Women in Tech Accelerator
Standard Chartered has announced a partnership with Village Capital to continue and expand its Futuremakers Women in Tech Accelerator across Africa, the Middle East, and Pakistan. The initiative will be funded by Futuremakers by Standard…
2 min read
Equity Bank & Agri All Africa partner to supercharge rice production in Tana River
Equity Bank Kenya has partnered with Agri All Africa of South Africa in an initiative aimed at supporting large-scale rice growing in Tana River. The collaboration supports efforts to reduce Kenya’s rice deficit and strengthen local…
2 min read
The Daunting Task Ahead For New NMG CEO
Mr Geoffrey Odundo, the former CEO of the Nairobi Securities Exchange, takes over the helm at NMG at a time when the leading media house is going through lean times as media consumption trends shift.
2 min read
Safaricom M-PESA celebrates 18 years of existence; officially launches Ziidi MMF
Safaricom’s mobile money service M-PESA has today marked 18 years since its launch in March 2007. M-PESA is currently available in more than 170 countries globally serving over 70 million customers. The mobile financial services provider…
2 min read
Equity Bank Bets Big on Kenya’s Rice Economy
Equity Bank Kenya has partnered with Agri All Africa of South Africa to improve food security through large-scale rice farming in Tana River.
3 min read
KUSCCO Scandal: SASRA Rules Out Full Compensation for Affected Saccos
Savings and credit cooperatives (Saccos) caught in the Kenya Union of Savings and Credit Co-operatives (KUSCCO) scandal will not recover all their lost funds, the Sacco Societies Regulatory Authority (SASRA) has warned. This development…
2 min read
Google Hustle Academy 2025 Opens Funding for Startups
Google has announced the opening of applications for the Google Hustle Academy 2025 program designed to empower small and medium-sized businesses.
2 min read
Standard Chartered Expands Futuremakers Women in Tech Programme
Futuremakers Women in Tech Accelerator provides specialised training, catalytic funding, and access to a global network of peers, finance providers, industry leaders, and ecosystem partners.
2 min read
5 key financial skills every young entrepreneur should master
Africa is currently facing a youth bulge. According to the Global Entrepreneurship Monitor, 52 percent of youth in Sub-Saharan Africa (SSA) express an intention to start a business, and 28 percent are running their own businesses. Starting…
3 min read
I&M Bank opens new branch in Mtwapa & plans to open more soon
I&M Bank has announced the opening of a new branch in Mtwapa with the branch announcing that it plans to launch others branches soon. I&M Bank is accelerating its retail expansion under the iMara Strategy (2024-2026) with plans to unveil…
3 min read