Latest business stories from across Kenya.
NCBA Bank has urged Kenyan businesses to urgently step up their defences against a rising wave of risks, warning that cybercrime and climate shocks are becoming major threats to growth and stability. The call came during NCBA’s Commercial…
Safaricom has announced the selection of 10 high potential startups for the second cohort of the Spark Accelerator Program. These finalists were chosen from a pool of more than 200 applicants. The selected startups operate in strategic…
Kenya’s textile and apparel industry is breathing a sigh of relief as the United States signals it may extend the African Growth and Opportunity Act (AGOA) even if only for a year. The trade pact, which lapsed on September 30, has for…
Kenyans are still grappling with the high cost of living despite slight drops in the prices of basic food items like maize flour and sugar. According to the Kenya National Bureau of Statistics (KNBS), annual consumer inflation stood at 4.6…
NCBA hosted over 100 commercial banking clients today for a high-level forum focused on building business resilience against the rapidly escalating threats of cybercrime, climate change, and fraud. The event, themed Future-Proofing…
The Nairobi Securities Exchange Plc (NSE) has launched the Banking Sector Index, a market capitalization-weighted and float-adjusted benchmark designed to provide investors with a transparent and reliable measure of the performance of the…
Kenya’s coastal tourism industry is poised for a significant lift as Essence of Africa brings 150 international travel buyers to Malindi from 7 to 9 October.
Each year, Uhuru Flowers supplies African Originals with over 200 litres of pure rose water, a key botanical in their artisanal tonics and gins.
The Central Bank of Kenya (CBK) has unveiled plans to slash and cap the fees telecom companies charge for mobile money transfers through platforms such as M-Pesa and Airtel Money. In its latest National Financial Inclusion Strategy, CBK…
Kennedy Kimutai Salat has moved to court after Faulu Microfinance Bank auctioned his property valued at Ksh32.5 million over a loan he says he was never fully liable for. Salat’s troubles date back to November 2015, when he agreed to…
Have you noticed how quickly buying and selling in Kenya has shifted from physical shops to digital platforms? With the growth of smartphones and improved internet access, Kenyans increasingly prefer convenient online solutions to connect…
Kenya and Belgium have signed an Agreement for the Avoidance of Double Taxation (DTA), a move expected to deepen trade and investment ties between the two nations. In a statement released on Tuesday, September 30, the National Treasury…
The County Government of Mombasa is intensifying its collaboration with Bolt in a new partnership aimed at expanding youth employment opportunities and improving safety and regulation within the sector. Governor Abdulswamad Shariff Nassir…
Rubis Energy Kenya has announced a new partnership with the Kenya Association of Travel Agents (KATA), launching an exclusive fuel program for travel agents nationwide. The new partnership was formalized through a Memorandum of…
Kenya’s smallholder tea farmers have been hit by lower second payments this year, with the Kenya Tea Development Agency (KTDA) saying the drop has little to do with politics and everything to do with global markets. In a statement on…
Kenya’s short-term government securities have lost their shine, with last week’s Treasury bills auction attracting the weakest demand in three years as yields slipped to fresh multi-year lows. In its weekly bulletin, the Central Bank of…
Walk into any boardroom across Nairobi, Mombasa or Kisumu today, and you’ll hear the same conversations echoing as business leaders excitedly discuss their latest investments in artificial intelligence, cloud migration projects, and…
The Energy and Petroleum Regulatory Authority (EPRA) has released its latest Energy and Petroleum Statistics Report, showing a substantial increase in electricity consumption and significant progress across the energy sector for the…
Integrated Payment Services Limited (IPSL), the operator of PesaLink, and pan-African payments company Cellulant today announced a strategic partnership to simplify and scale customer-to-business (C2B) payments for online services in…
Visa announced a new pilot program to modernize how businesses handle cross-border payments. The company is integrating stablecoins into Visa Direct, its global money movement platform, to give businesses a faster, more flexible way to…
Safaricom was up against meeting the expectations of an already existing customer base, composed of individuals and corporates, who were expected to come onto the new network without the migration having any hitches.
The Co-operative Bank of Kenya is providing a Ksh. 110 million financing package to Eboss Investments, a youth-led real estate company, to build a new British-curriculum school in Ruiru. The school, named Seven Oaks School, will be a key…
Shri Krishana Overseas Limited (SKL) share price on 29th Monday September dropped 1.7% to KSh 8.08 from the previous KSh 8.22 traded on Friday.
Kenya’s has received a major boost from the World Alliance of International Financial Centres (WAIFC), which has formally elected the Nairobi International Financial Centre (NIFC) as a full member,
