Latest business stories from across Kenya.
The Central Bank of Kenya (CBK) has officially revoked the operating licence of PayU Kenya Limited, following the company’s decision to enter into liquidation proceedings. The move draws a definitive close to the Prosus-owned payment…
Spiro has announced a landmark $100 million investment round. This is the largest ever investment round in Africa’s two-wheel electric mobility sector. The round includes a $75 million contribution from The Fund for Export Development in…
BuuPass has achieved a historic milestone by being named the No. 3 global finalist at the Startup World Cup Grand Finale 2025 in San Francisco. Competing against over 90 regional winners for the $1 million investment prize, BuuPass secured…
Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi has renewed calls for unity and peace in Africa after holding a high-level meeting with Somalia’s Ambassador to Kenya, Ilyas Ali Jabril, in…
Kenya is setting its sights on China’s vast market as it seeks to diversify agricultural exports and reduce the massive trade imbalance between the two countries. The government has announced plans to sign new agribusiness deals worth…
WPP Scangroup Plc has officially named Akua Brayie Owusu-Nartey as its new Group Chief Executive Officer and Executive Director, effective November 17, 2025. Her appointment follows the departure of Patricia Ithau in July and sees her…
Oparanya has declared an all-out war on cartels and brokers standing in the way of Kenya’s coffee reforms. The Cabinet Secretary for Cooperatives and MSMEs Development says the government will not allow farmers to continue suffering under…
The MEST Africa Challenge 2025 has unveiled its Top 20 finalists in collaboration with Absa Group. The list features three promising Kenyan startups and innovators from all eight participating markets. This year, the Challenge, a…
CFAO Mobility Kenya has officially launched its new Kisumu branch and simultaneously unveiled the new Sinotruk H2 (light duty) and H3 (medium duty) trucks. The new Kisumu facility is unique within CFAO’s national network. It houses the…
Microsoft’s newly released 2025 Digital Defense Report delivers a stark warning to business leaders across Africa: the continent has become a proving ground for the world’s most advanced cyber threats. Drawing from its vantage point of…
Superior Homes Kenya has announced the appointment of the founder Ian Henderson as the new Chief Executive Officer (CEO) of the real estate development company. Current Chief Executive Officer Shiv Arora will be stepping down from his…
Kenyan Banks that appear on the list of Africa’s top 100 lenders are led by Equity Bank Group, placed at position 18, followed by state-owned Kenya Commercial Bank(KCB) Group at position 21, Cooperative Bank of Kenya (33) and Diamond Trust…
Kenya is preparing its biggest ever budget, with total expenditure for the 2026/2027 financial year projected to hit Ksh 4.65 trillion, setting the stage for another year of heavy government spending and increased borrowing. According to…
The rapid pace of technological advancement, driven by artificial intelligence, machine learning and automation is fundamentally transforming how things are done. Manufacturing is no exception. Automation which is an outcome of…
Investor activity at the Nairobi Securities Exchange (NSE) has picked up sharply following the signing of the Privatisation Act, 2025, into law by President William Ruto last week. The new law opens the way for the government to sell…
The Kenya Revenue Authority (KRA) has retained the market interest rate for Fringe Benefit Tax (FBT) and the prescribed rate for Deemed Interest at 8 percent for the last quarter of 2025. In a public notice issued on Tuesday, October 21,…
KLM Royal Dutch Airlines has launched a cycling expedition from Nairobi to the Lolldaiga Conservancy in central Kenya. . The initiative, which coincides with KLM’s 106th anniversary, is a key part of its participation in The Aviation…
Equity Group has launched its fourth annual Sustainability Report for 2024, themed “A Sustainable World is a Transformed Africa.” The 2024 report showcases progress across Equity’s Tri-Engine Model, which addresses critical challenges like…
The Kenya Revenue Authority (KRA) has announced that the market interest rate for calculating Fringe Benefit Tax and the deemed interest rate for loans will remain at 8 per cent for October, November, and December 2025. In a statement…
Senegalese President Bassirou Diomaye Faye has concluded a two-day visit to Kenya with a meeting at State House, Nairobi, where he held talks with President William Ruto on strengthening ties between the two nations. The discussions…
Safaricom M-PESA, an 18 year old mobile money system, has evolved far beyond its original intent. What began as a simple peer-to-peer transfer tool has become the de facto financial backbone of the nation, with over 90% market share and…
County governments are increasingly spending a higher proportion of their budgets on paying salaries and allowances, raising alarm over dwindling funds for economic development projects and service delivery. According to fresh data from…
Kenya’s economy continues to draw quiet strength from its citizens abroad, with new data showing that diaspora remittances rose slightly in September even as global markets remained uncertain. Figures from the Central Bank of Kenya (CBK)…
There is a quiet surge building along Kenya’s coastline, and it could change how people think about one of life’s most overlooked protections. As First Assurance celebrates 95 years in business, the company is turning its attention to one…
