Latest business stories from across Kenya.
MaxAB-Wasoko has acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding. As part of the deal, EFG Finance will join MaxAB-Wasoko as a significant shareholder, acquiring an equity stake and securing…
The U.S.-Kenya Creative Economy Forum 2025 is scheduled for June 5th in Nairobi. It is organized by the U.S. Embassy in Kenya and the American Chamber of Commerce Kenya (AmCham). The U.S.-Kenya Creative Economy Forum 2025 will bring…
CIC Group and Women’s World Banking have partnered in a bid to develop inclusive women-centric insurance solutions. The two organizations will collaborate in research, product development, innovation of aggregation models for distribution,…
Ethiopia has launched the Fayda wallet, a solution designed towards enhancing financial inclusion and streamlining digital transactions. This wallet, co-developed by TECH5 and Visa is designed to address the need for verified eKYC…
Aleph and Spotify have expanded their partnership that makes Aleph Spotify’s advertising sales partner in 80+ markets, providing access to 20,000+ advertisers. This includes Kenya. Spotify Advertising has been modernizing its ad tech,…
Standard Chartered has launched the Women in Cyber Mentorship Programme to train next generation female cybersecurity leaders. It is an initiative that is designed to cultivate the next generation of female cybersecurity leaders across…
Diamond Trust Bank (DTB) has partnered with Safaricom to offer loans to SMEs that use Lipa na M-PESA to accept payments. The new product is called Taasi Till Loans and it will enable merchants with Safaricom till numbers to access business…
Kingdom Bank has reported a reduced net profit of Ksh. 162 million for the period ended March 31 2025. This is a reduction from the Ksh. 350 million the bank reported in the same period in 2024. Total operating income reduced minimally to…
The 10th Propak East Africa Expo will conclude today with an emphasis on the need for accelerating the adoption of eco-packaging. This would be done through increased collaboration among stakeholders in the packaging, printing, processing,…
National Bank of Kenya (NBK) has recorded a profit after tax of Ksh275 million for the first quarter ended 31st March 2025, amid a challenging operating environment.
The NCBA Group has appointed Mr James M. Gossip as Managing Director (Executive) of NCBA Bank Kenya PLC, effective 12th May 2025.
Diamond Trust Bank (DTB) has partnered with Safaricom on Taasi Till Loans, a product that will enable merchants with Safaricom till numbers to access business loans.
The Kenya Revenue Authority (KRA) has extended its working hours to give Kenyans extra time to file their 2024 income tax returns before the June 30 deadline. In a notice issued on Tuesday, May 20, KRA announced that all its service…
Safaricom has expanded its credit solutions tailored for micro, small, and medium-sized enterprises (MSMEs), aiming to improve business resilience and cash flow access. The telco now offers two key financial products—Taasi Till, a…
Nairobi County Government has seized control of a private parking lot behind the Kencom building on Taifa Road to recover more than Ksh 41 million in unpaid land rates and county fees. County officials moved in to take over the busy…
Starting a business is an exciting and ambitious journey, and it is especially important for young entrepreneurs in Kenya, where the entrepreneurial spirit is thriving. In today’s digital age, with the world becoming more interconnected,…
The NCBA Group has announced the James Gossip as the new Managing Director of NCBA Bank Kenya PLC, effective 12th May 2025. James Gossip is an experienced international banking executive with over 30 years of experience in senior…
The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first quarter of 2025, revealing a strong performance. Afreximbank Group recorded a net income of US$215 million, marking a 21%…
ARC Ride has today announced it has secured $5 million in financing from British International Investment (BII), the UK’s development finance institution and impact investor. This investment is set to provide e-mobility solutions for…
NCBA Group has announced a profit after tax of Ksh. 5.5 billion for the first quarter of 2025. This represents a 3% increase from the Ksh. 5.3 billion reported during the same period last year. The rise in profitability was driven by a…
NCBA Group PLC has posted a profit after tax of Ksh5.5 billion in its Q1 2025 financial results which is a 3% increase from to Ksh5.3 billion reported during a similar period in 2024.
Standard Chartered Bank Kenya has announced that it has reported in profit after tax at Ksh. 4.86 billion for the first quarter of 2025. This is a 13.5% decline in profit after tax after reporting Ksh. 5.61 billion during the same period…
Family Bank Group has announced that it has reported a profit after tax of Ksh. 1.05 billion for the first quarter ended March 31, 2025. This is a slight improvement from the Ksh. 910 million profit after tax the banking group reported in…
KCB Group has announced that it has reported a profit after tax of Ksh. 16.53 billion in the first quarter of the year ending March 2025. The profit after tax rose minimally compared to the Ksh. 16.48 billion the banking group reported in…
