Latest business stories from across Kenya.
Access Bank has completed the sale of National Bank of Kenya Limited (NBK) from KCB Group, marking the conclusion of a process that began in March 2024. This follows the receipt of all regulatory approvals. NBK is now a wholly owned…
Sidi Ould Tah of Mauritania has been elected President of the African Development Bank Group (AfDB) at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Tah will assume office on 1 September 2025, for a five-year term, following…
Equity Group has achieved strong results and growth of its business across the region, with the Kenyan subsidiary contributing the bulk of the earnings.
KCB Group has completed the sale of National Bank of Kenya Limited (NBK) to Access Bank of Nigeria, marking the conclusion of a transaction that began in March 2024, following receipt of all regulatory approvals for a transaction.
Tata Chemicals Magadi has been named as the overall winner at the 2025 Energy Management Awards (EMA), held under the theme: Beyond Energy Efficiency: Inclusive Solutions for a Sustainable Future. Milly Glass Works was named as the…
The Kenyan Government has stepped in to resolve concerns raised by Mwea Irrigation Scheme farmers regarding the impact of rice importation on local sales. Efforts to resolve the issue were led by the Ministry of Agriculture and Livestock…
The Kenya Electricity Transmission Company Limited (KETRACO) today hosted Thani Mohamed Soilihi, the French Minister Delegate for Francophonie and International Partnerships, for a site visit to the National System Control Centre (NSCC)…
High and rising energy cost has been identified as one of the impediments to manufacturing and to new investments in Kenya. As highlighted in various forums, Kenya’s high power costs are not only undermining industrial competitiveness but…
Isuzu East Africa Limited (Isuzu) and Kenya Breweries Limited (KBL) have saved a combined Ksh. 26 million annually through energy initiatives. The two companies received recognition from the Energy and Petroleum Regulatory Authority (EPRA)…
Manufacturers, through the Kenya Manufacturers Association (KAM) have called for a level playing field as they adopt clean energy. Speaking at the kickoff of the 11th Clean Energy Expo and Conference, Kenya Association of Manufacturers…
The World Bank is urging Kenya to adopt a carbon tax and significantly raise excise taxes on harmful products such as alcohol, tobacco, and sugar-sweetened beverages. The move, according to the Bank, would help reduce the country’s rising…
Sweden has signed a $2.7 million (Ksh. 349 million) agreement with TradeMark Africa to boost sustainable and inclusive trade in Kenya. The 2 year Kenya Enhanced Trade Environment and Inclusion (KETEI) programme will support Kenya in…
Equity Group has today announced that it has registered a Ksh. 15.4 billion profit after tax for the quarter ending March 31 2025. This is a slight reduction from the Ksh. 16 billion the banking group reported in a previous period in 2024.…
Listed paint manufacturer, Crown Paints, has unveiled an exclusive reward programme for its top-performing partners, featuring a luxury trip to Morocco as part of a broader strategic initiative to drive sales..
Financial services group Sanlam Kenya Plc has announced the results of its recent Rights Issue, confirming a 100% subscription and raising gross proceeds of Ksh2.5 billion.
Google’s flagship event Google I/O conference is where the tech giant reveals the future they’re building, pulling back the curtain on their newest products, technologies, and, this year, their breakthroughs in AI. This year’s event…
Crown Paints has launched reward program for its top-performing distributors, featuring a luxury trip to Morocco as part of a broader strategic initiative to drive sales. The five-day, four-night all-expenses-paid trip will take selected…
BIC has concluded the fifth edition of its penmanship program, Express Myself with My BIC Pen. The program aims to encourage students to express themselves using writing and drawing. Express Myself with My BIC Pen has expanded to Western…
Safaricom has announced it will spend more than $500 Million in AI infrastructure across EA, over the next three years. This is in order to enhance connectivity and build a robust and scalable AI ecosystem. Speaking at the Connected Africa…
I&M Group PLC has announced that it has registered a profit after tax Ksh. 4.2 billion for the period ending March 31, 2025. This is a slight increase from the 3.6 billion profit after tax the company reported in the previous quarter in…
The Connected Africa Summit 2025 opened on Monday in Diani, bringing together over 1,200 delegates from 24 countries in a powerful show of global commitment to advancing Africa’s digital transformation.
The Kenya Kwanza administartion is taking a bold step to tighten its tax regime through the proposed Finance Bill 2025, aiming to curb abuse of VAT exemptions and zero-rating privileges. The government plans to empower the Kenya Revenue…
Kenyan startups will get access to a global pitch competitions in tech: the Startup World Cup in a new partnership. Through a new partnership between Silicon Xchange, the Kenya National Innovation Agency (KeNIA), and NaiBAN, Kenyan…
RUBiS Energy Kenya unveiled a partnership with Carrefour at its Kenyatta Avenue service station in Mombasa, introducing a convenience for residents and commuters in the coastal city. This is the first RUBiS station in Mombasa to host the…
