Latest business stories from across Kenya.
Kenya Power has recorded an increase in the use of its self-service platforms, with interactions on its MyPower mobile application rising by 22.12 per cent during the financial year ended June 30, 2025. According to an official statement…
A new report from TransUnion Kenya highlights a sharp rise in individuals failing to repay digital credit, prompting calls for greater awareness and tools to manage credit health.
Speakers at the PMI Global Summit include Kenyan project management expert Annita Mwagiru, who served as technical advisor on the Kenya AI Strategy 2025–2030.
President William Ruto has dismissed calls by the Kenya Human Rights Commission (KHRC) to disband the Hustler Fund, defending it as a successful initiative. Speaking during a Presidential Private Sector Roundtable in Nairobi, Ruto praised…
The National Treasury aims to collect around Ksh100 billion from the sale of Kenya Pipeline Company (KPC) shares through an Initial Public Offering (IPO) at the Nairobi Securities Exchange. The proceeds will help fund key development…
ViFi Labs, a decentralised protocol focused on foreign currency and stablecoin trading, has acquired OneRamp, a leading stablecoin payments platform serving emerging markets in Africa. OneRamp enables users to make payments.
In a landscape defined by rapid digitisation, evolving customer expectations, and intensifying competition, CIOs are now responsible not just for keeping systems running, but for shaping the direction of the business.
NCBA recently took its customers closer to their dream homes this weekend with an exclusive bus tour exploring prime property developments from Nyali to Vipingo. The one day excursion spanned from Classic Courtyard Homes, Parklane Tower…
ViFi Labs has acquired OneRamp, a stablecoin payments platform serving emerging markets in Africa. OneRamp enables users to make everyday payments. Founded by Ugandans Elias Hezron Opio and Jovan Mwesigwa, OneRamp simplifies stablecoin use…
Safaricom hosted the Safaricom Safire Connect Forum in Nairobi Region, bringing together 250 cab drivers, ride-hailing operators and other players in the mobility sector. They were treated to a day of financial learning and empowerment.…
The government has taken new steps to revive Moi University Savings and Credit Cooperative (MUSCO), years after it collapsed due to poor management, huge debts, and loss of member trust. Appearing before the Senate on Wednesday, August 6,…
A furious and cut-throat competition to attract big depositors among Savings and Credit Cooperative Societies(SACCOs) could be creating a fertile ground for criminal but politically-connected individuals to breed and hide their ill-gotten…
Johnnie Walker, the world’s number one Scotch Whisky, has announced that it will later this month introduce a refreshingly different whisky experience to the Kenyan market through a new variant, one that promises to reimagine how Scotch is…
The Kenya Revenue Authority (KRA) has reported a rise in excise duty collections from betting services, raking in Ksh 13.2 billion during the 2024/2025 financial year. This figure exceeded the projected target of Ksh 11.2 billion,…
The Ministry of Cooperatives and MSMEs Development has rejected a report by the Kenya Human Rights Commission (KHRC) that calls for the scrapping of the Hustler Fund. In a statement issued on Monday, August 4, Cabinet Secretary Wycliffe…
The Kenya Revenue Authority (KRA) reported a notable growth in the collection of excise duty for betting services, raking in Ksh13.2 billion in the 2024/2025 financial year – above its Ksh11.3 billion target. In a press release on Tuesday,…
Kenya has entered into a new partnership with the Saudi Export-Import Bank (Saudi EXIM) aimed at boosting access to finance for local businesses, especially Small and Medium Enterprises (SMEs). The partnership was unveiled on Tuesday,…
Intra-African Trade Fair 2025 (IATF2025), Africa’s trade and investment forum, will take place from 4-10 September 2025 in Algiers, Algeria. IATF2025, organised by Afreximbank in collaboration with the African Union Commission and the…
Visa has announced that applications are open for the fifth cohort (Cohort 5) of its Visa Africa Fintech Accelerator. The accelerator is a 12-week program that is designed to help startups fast-track their growth and impact. Fintechs with…
Visa has announced 22 startups that were selected to participate in the fourth cohort (Cohort 4) of its Visa Africa Fintech Accelerator program from 12 countries. The startups aim to tackle challenges in Africa’s fintech sector and promote…
Nyoroma Self Help Group from Ongata Rongai town in Kajiado County has acquired a 33-seater minibus to boost their transport business. The group is comprised of tuktuk and boda boda operators. The milestone was made possible through an…
Kenya’s private sector experienced its most significant downturn in a year this July, according to the latest Stanbic Bank Kenya Purchasing Managers’ Index (PMI). The index, which measures business conditions, dropped to 46.8 from 48.6 in…
Trade Cabinet Secretary, Lee Kinyanjui, has announced that the country is now at the forefront of Africa’s digital revolution. Speaking on a local radio station on Tuesday, August 8, 2025, Kinyanjui praised the country’s progress in…
The Central Bank of Kenya(CBK) plans to put an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), a safety net designed to compensate those who lose cash in collapsed Savings and Credit Cooperative Societies(SACCOs).
