Latest business stories from across Kenya.
I&M Group PLC has announced that it has received Ksh. 4.19 billion in capital from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH). EAGH is a special purpose vehicle backed by leading global impact…
Property developer, Mi Vida Homes, has announced a strategic partnership with Space Master Properties for the commercial and construction development of Habitat. Habitat is a 24-storey mixed-use project on Ralph Bunche Road in Nairobi that…
Africa’s intergovernmental ICT policy body, the African Telecommunications Union (ATU), and The Metaverse Institute have signed a Memorandum of Understanding (MoU) at ATU’s headquarters in Nairobi. The strategic partnership commits both…
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully completed a $325 million debt raise. The new funding brings EAAIF’s total recent…
Stanbic Bank Kenya has invested in Kenya’s tea sector through a robust suite of financial products, partnerships, and solutions aimed at empowering all stakeholders in the tea value chain. “Our Tea Proposition boosts growth in the Tea…
Safaricom has announced that it has expanded it loans products on its M-PESA platform to more businesses that include SMEs. Businesses will have access to credit through an overdraft facility, Fuliza Biashara and a Term loan Taasi Till.…
Getting started with a business in 2025 doesn’t have to be complicated. Whether you’re interested in prop trading, freelancing, e-commerce, or offering a service, the most important thing is to start.
Equity Group Holdings has been recognized as a Superbrand in East Africa for providing services and products in the financial services sector. Superbrands is an authority on branding excellence, identifying and celebrating the most trusted…
Kenya is seeing a shift in the employment sector as majority of the population is seeking to become entrepreneurs and business owners, ditching the jobholder title. The lack of formal jobs in the country and the ever-increasing cost of…
Safaricom has launched a new nationwide campaign dubbed Maisha Poa Ni Digital, aimed at helping Kenyans upgrade to affordable 4G smartphones. The campaign seeks to give Kenyans access to affordable entry-level 4G+ smartphones. Each…
Rescue.co has announced the launch of Roadside by rescue.co, a roadside emergency assistance service. The service costs Ksh. 8,888 (incl. VAT) per vehicle annually. It will include towing (up to 600 km per year or four annual rescues),…
Choice Microfinance Bank is now Choice Bank and has launched a digitally powered banking model, seeking to serve its customers better. The bank has also commemorated 10 years of operations since its licensing by the Central Bank of Kenya…
According to new report, Kenyan Mitumba clothing exports were Ksh. 28 billion in 2024. Data from the Economic Survey 2025 shows that Kenyan textile imports for 2024 were about Ksh 60 billion compared to Mitumba’s Ksh. 28 billion. The…
A new report reveals that almost half of Kenyans rely on second-hand clothes—popularly known as mitumba—highlighting the critical role this industry plays in both everyday life and the national economy. The study, titled A Future Look at…
SEACOM East Africa is actively investing in the future of technology by bridging the gap between education and the professional world through its comprehensive Corporate Social Investment (CSI) programme. SEACOM’s staff are mentoring and…
M-KOPA has made the Financial Times’ Africa’s Fastest Growing Companies list for the fourth consecutive year. M-KOPA achieved an CAGR of 42% for the 2020-23 period. The company has delivered over 65% year-over-year revenue growth in 2024.…
Kenya Airways has announced a new partnership with the International Air Transport Association (IATA) in piloting the new Integrated Sustainability Program (ISP). The new initiative designed to drive sustainability progress across the…
Co-operative Bank has reported a Profit Before Tax of Ksh9.63 billion for the first quarter of 2025, a 6.8% growth from Ksh9 billion recorded in the same period in 2024. This represents a profit after tax of Ksh6.9 billion compared to…
Safaricom has partnered with Quickmart in order to bring its 4G and 5G For Home internet solutions closer to customers. To improve the customer journey, Safaricom has also introduced self-service router activation, making it easier for…
Safaricom and iXAfrica Data Centre have partnered to deliver East Africa’s first AI-ready data centre services to enterprise and cloud solutions clients. The partnership will allow end users to benefit from scalable, cost-effective…
Cooperative Bank Kenya (Co-op Bank) has announced that it has recorded Ksh. 6.9 billion after tax in the first three months of 2025. This is a slight increase from the Ksh. 6.6 billion profit after tax in recorded in a similar period in…
Absa Bank Kenya has announced a strategic partnership with Women’s World Banking, aimed at deepening financial inclusion and promoting economic empowerment of women entrepreneurs across Kenya. The partnership will focus on enhancing Absa’s…
A government-backed affordable housing project in Lang’ata has hit a major legal snag after the National Environment Tribunal temporarily suspended its construction. The decision came after Busia Senator Okiya Omtatah filed a petition…
The government has reported that the Hustler Fund has disbursed Ksh70 billion to Kenyans since its launch in November 2022, with more than 25 million people having borrowed from the financial inclusion program. Speaking before the Senate…
