Loss to Profit: New CEO Steers a Major Turnaround at SBM Bank
SBM Bank Kenya Limited has reported a Ksh 412 million profit before tax for the nine-month period ended September 30, 2025.
2 min read
Business
Latest business stories from across Kenya.
Amsons Group Tightens Grip on Kenya’s Cement Market with Fresh EAPC Stake
Kenya’s cement market is set for a major shake-up as Tanzanian giant Amsons Group deepens its investment footprint in the country through a fresh stake in East Africa Portland Cement (EAPC). The move marks another bold step by the regional…
2 min read
How the 25.5km Kiambu Road Expansion Will Ease Nairobi Commutes
The dualling of the 23.5-kilometre Muthaiga -Kiambu -Ndumberi road, commonly known as Kiambu Road, is set to significantly ease traffic congestion between Nairobi and Kiambu counties, marking a major milestone in the government’s…
2 min read
MSMEs urged to leverage digital solutions to boost sales
The Micro Small and Medium Enterprise Authority (MSEA) is the East African Community have been urged to leverage e-commerce as means of increasing market access for their products. Speakers at the 25th EAC MSMSE Trade Fair currently…
1 min read
President Ruto inspects 755-unit Boma Yangu Wote Estate, 162-unit civil servants housing project in Makueni
President William Ruto has reiterated his commitment to the affordable housing program, saying the government will invest Ksh 11B in the construction of houses, hostels in Makueni County. Ruto spoke during an inspection tour of the massive…
1 min read
I&M FX DIRECT platform launched for business forex trading
I&M Bank today announced the official launch of I&M FX DIRECT, an online foreign exchange trading platform set to transform how businesses in Kenya manage their forex needs. I&M FX DIRECT directly addresses the common challenges of manual…
1 min read
Globetrack makes history with triple win at AMEC Awards 2025
Globetrack has achieved a historic milestone by securing three major accolades at the AMEC Awards 2025 in London. This marks the first time an African company has won at the awards in their 23-year history. The company was recognized for…
2 min read
CBK Seeks Another KSh40Bn for Budgetary Support in Nov
CBK (Central Bank of Kenya) will on Wednesday next week auction KSh 40 billion of two re-opened 15-year and 25-year Treasury Bonds, to raise cash for budgeted spending. These two re-opened bonds have Coupon Rates of 12.3400% for the…
4 min read
CBK reopens long-term treasury bonds to raise Ksh. 40 Billion
The Central Bank of Kenya (CBK) has announced the 8th Treasury Bond reopening for the Fiscal Year 2025/26, seeking to raise Ksh. 40 billion in a dual-tranche auction. This latest issuance taps into longer-dated securities, continuing the…
1 min read
Ruto rallies EAC states to borrow from Hustler Fund successes
President William Ruto has said regional countries can propel the growth of the Micro Small and Medium Enterprises by providing affordable credit such as Hustler Fund which is backed by the public. Speaking during the 25th East African…
2 min read
Kenya to Pocket Ksh801M from Kakamega Gold Discovery
Kenya is set to pocket Ksh 801 million in fresh revenue after the discovery of massive gold deposits in Kakamega County by British miner Shanta Gold. The windfall will come from Ksh 607.2 million in royalties and Ksh 193.8 million in the…
3 min read
PwC Urges Creation of Special Fund to Ease Kenya’s Deepening Tax Refund Backlog
PwC Kenya has urged the Kenya Revenue Authority (KRA) to establish a special refund reserve to clear the growing backlog of unpaid tax refunds, warning that persistent delays are crippling business cash flows and damaging investor…
4 min read
Absa advocates for direct financing to unlock East Africa’s SME potential at EAC Trade Fair
Absa Bank Kenya has called for a critical shift in how financial institutions engage with East Africa’s small businesses, urging banks to take financing and support directly to entrepreneurs rather than waiting for them to seek assistance.…
2 min read
ITC makes history by opening first regional office outside Geneva in Nairobi
The International Trade Centre (ITC) marked a significant turning point in its history with the official inauguration of its first-ever regional office outside its Geneva headquarters. The new hub for East Africa is located at the United…
2 min read
Businesses to Get Automatic Approval After 28 Days Under New Licensing Reforms
Businesses across Kenya could soon enjoy faster approvals and fewer bureaucratic hurdles if new regulations on county licensing are passed into law. The proposed County Licensing (Uniform Procedures) Regulations of 2025 aim to simplify how…
2 min read
EAC Trade Hits Ksh4.93T as Global Demand Rises
Trade across the East African Community (EAC) picked up pace in the second quarter of 2025, hitting Ksh 4.93 trillion, up from Ksh 3.83 trillion in the same period last year. The growth was largely fueled by exports, which surged by 40.5…
2 min read
CBK Invites Bids in KSh 30Bn T-Bond Buyback Auction
Central Bank of Kenya(CBK) is conducting a Treasury Bond Auction in November where it seeks to repurchase KSh 30 Billion worth of 3-year Treasury Bond that was issued in 2023 and was to mature on May 14th 2026. The Total Outstanding Debt…
3 min read
Stay ahead of scams: Your essential guide to digital security from Equity Bank
As fraudsters employ more sophisticated tactics to steal your money, including the use of Artificial Intelligence (AI), vigilance is more crucial than ever. Here is your essential security checklist from Equity Bank to safeguard your…
3 min read
How to secure Africa’s $205 Billion crypto future from rising fraud
Cryptocurrency in Africa has evolved rapidly from a fringe financial activity into a major economic force, driven by economic volatility and a growing demand for alternatives to traditional banking. Between July 2024 and June 2025, the…
2 min read
Mastercard Collection launched to elevate dining, travel & entertainment for EEMEA’s premium cardholders
Mastercard has officially launched “The Mastercard Collection” in the Eastern Europe, Middle East and Africa (EEMEA) region. It introduces a new suite of enhanced global benefits focused on dining, entertainment, and travel for its…
2 min read
Business Ecosystems Summit 2025 set to ignite MSME growth in Kisumu on Nov 26-28
The 2025 Business Ecosystems Summit (BES 2025) is officially scheduled to take place from November 26-28, 2025, in Kisumu City. This key event will gather leaders from the public and private sectors with the specific goal of strengthening…
2 min read
KRA launches Automated Payment Plan to Help Kenyans Clear Tax Arrears in Instalments
The Kenya Revenue Authority (KRA) has introduced a new Automated Payment Plan (APP) to ease the financial burden on taxpayers unable to clear their outstanding tax obligations in a single payment. The digital solution will allow eligible…
3 min read
Kenya demands 80% Kenyan workforce & 60% local sourcing from Multinational companies
Kenya’s Parliament is set to debate the Local Content Bill, 2025, a proposed law aimed at dramatically boosting employment for local citizens and strengthening domestic supply chains by imposing strict quotas on multinational companies.…
2 min read
KRA Appoints George Obell to Lead New Department for Micro and Small Taxpayers
The Kenya Revenue Authority (KRA) has appointed George Obell, MBS, as the Commissioner for the Micro and Small Taxpayers Department (MST), effective November 10, 2025. Obell had been serving in an acting capacity since the department’s…
1 min read