Latest business stories from across Kenya.
Martin Nangole has been appointed Acting Managing Director of the Nairobi Water and Sewerage Company, stepping in after the retirement of Eng. Nahashon Muguna, who has reached the mandatory retirement age. In a statement released on…
Kenya’s long journey to becoming an oil-producing nation has entered a new chapter after British oil explorer Tullow Oil officially handed over its Kenyan business to Gulf Energy, a homegrown company. The deal, worth at least $ 120 million…
A Kisii court has ordered an NCBA Bank employee to appear in person for plea taking over allegations that he stole more than Ksh.52 million from the financial institution. The Office of the Director of Public Prosecutions (ODPP) identified…
The Kenya Revenue Authority (KRA) has unveiled a new digital platform known as the Electronic Rental Income Tax System (eRITS) to make it easier for landlords and property owners to pay rental taxes. In a notice issued on Thursday, KRA…
CFAO Mobility Kenya, through its leasing and mobility solutions arm Loxea, has officially launched the BYD Shark 6 in Kenya. The car is a Plug-in Hybrid Electric Vehicle (PHEV) double-cabin pickup. The BYD Shark 6 is the first PHEV pickup…
CFAO Mobility Kenya, through its leasing division Loxea, has teamed up with NCBA Bank in a strategic partnership to make electric vehicles more accessible to Kenyans. The collaboration, a first in the Kenyan market, was announced at the…
A new creative studio and events hub, Ultimate City, has officially opened at 209 State House Road. Designed to be a launchpad for the next generation of African talent, this versatile space is dedicated to film, podcasts, creative…
The pay-TV landscape in Kenya is undergoing a dramatic shift, with MultiChoice’s DStv and GOtv services experiencing a rapid decline. According to a report by the Communications Authority of Kenya (CA), MultiChoice’s customer base has…
A new report by the Communications Authority of Kenya (CA) from April 1 to June 30, 2025 shows Safaricom still dominating the mobile and fibre sectors in Kenya. Total mobile (SIM) subscriptions reached 76.7 million, resulting in a…
Carrefour has rolled out the second edition of its Grand Brand Festival, a two-week nationwide shopping campaign running from September 19 to October 2, 2025. The retailer, which is operated in Kenya by Majid Al Futtaim, said the promotion…
Mastercard has announced an extended commercial partnership with Smile ID to accelerate the rollout of secure digital identity solutions across the continent. This collaboration aims to make digital transactions safer and more accessible…
Kenya’s middle class is facing one of the toughest financial squeezes in recent memory. Rising taxes, spiraling living costs, and mandatory deductions are shrinking disposable income at alarming rates. By the time statutory deductions like…
The National Cohesion and Integration Commission (NCIC) has named Equity Bank a “Peace Champion” for its significant contributions to promoting peace and social cohesion in Kenya. The award was presented at the Jaramogi Oginga Odinga…
Just two weeks after opening her Solo Biz Account at I&M Bank’s Kakamega branch, Dorcas Wanga has made history as the Ksh. 1 million winner of the “I&M Bank Shinda Millioni” campaign. The competition was created to celebrate and reward…
Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Kenya, has introduced a self-checkout service at its Two Rivers Mall store. This is Carrefour’s twelfth store in Nairobi to offer self-checkout. The self checkout…
Access Bank Kenya and National Bank of Kenya (NBK) have announced a service integration that allows customers from either bank to access certain in-branch banking services seamlessly across both institutions. The collaboration is part of…
Customers of Access Bank Kenya and National Bank of Kenya (NBK) can now walk into any branch of either institution and access key services, following a new integration move by the two lenders. The partnership allows tellers in all branches…
Standard Chartered has started collecting data from the 629 former employees awarded a Ksh 7 billion pension payout after the Supreme Court upheld a ruling in their favour. The bank says the process, which began on September 22, 2025, will…
The Ethics and Anti-Corruption Commission (EACC) has opened investigations into a surge of cases in which Members of County Assembly (MCAs) are accused of blackmailing governors and pushing for control of county tenders. The Commission…
Starting next month, businesses and individuals importing goods into Kenya must provide a Certificate of Origin (COO), the Kenya Revenue Authority (KRA) has confirmed. The requirement is anchored in Section 44A of the Tax Procedures Act,…
Retired Kenyan international runner Daniel Komen is locked in a bitter court battle with his wife, Dr. Joyce Kimosop Komen, over the sale of their prime matrimonial property valued at more than Ksh.100 million. Komen admitted in court that…
Prices at the Nairobi Coffee Exchange (NCE) Weekly Auction increased 3% with overall average price across all grades standing at USS 426.91 per 50kg bag, or $8.5 per kg.
An International Monetary Fund (IMF) team led by mission chief Haimanot Teferra will be in Nairobi from September 25 to October 9 to begin talks with Kenyan government officials on a potential new financial programme that could include a…
Samsung Electronics East Africa has announced the launch of the Samsung Galaxy S25 FE, a more affordable addition to its flagship Galaxy S25 series. This new Samsung Galaxy S25 FE is equipped with One UI 8 and the latest Galaxy AI…
