Google and the AfCFTA are training 7,500 African businesses to use AI
Google and AfCFTA partner to train 7,500 African SMEs on AI, Gemini, and cross-border digital trade skills
2 min read
Business
Latest business stories from across Kenya.
Treasury to expedite payment of Ksh 150B VAT refunds
The National Treasury is keen on clearing Ksh 150 billion in Value Added Tax (VAT) refunds owed to manufacturers in a bid to make agriculture sector more competitive. Speaking during the roundtable with stakeholders in the agriculture…
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Absa Bank reports 15% Q3 net profit growth to Ksh. 16.9 billion
Absa Bank Kenya PLC has announced that it has reported a profit after tax of Ksh. 16.9 billion for the nine-month period ending September 30, 2025. This is a 15% increase in net profit from the Ksh. 14.75 billion the company posted in a…
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CBK Accepts Bids Worth KSh 20.1Bn in T-Bond Buyback Sale
CBK (Central Bank of Kenya) accepted bids worth KSh 20.1 Billion out of KSh 30 billion at a T-Bonds Buyback Auction that was conducted this Monday 17th November 2025. The State fiscal agent received bids worth KSh 34.3 Billion, an…
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CANTO: Stylish Residential Tower to Redefine Urban Living in Westlands
VAAL Real Estate, one of Africa’s leading luxury property developers, has officially launched CANTO, its eighth landmark development in Kenya.
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Tatu City launches Porini Point apartments starting from Ksh. 7.5M
Tatu City has launched Porini Point, a residential apartment complex with unparalleled proximity to nature. The prices for the apartments start from Ksh. 7.5 million. The development’s initial phase was met with overwhelming demand,…
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81% of Kenyans targeted by scams, with voice phishing being most common threat
New findings from the TransUnion H2 2025 Update to the Top Fraud Trends Report reveal that new account creation attempts in Kenya were the most likely globally to be flagged as suspected digital fraud in the first half of 2025 (H1 2025).…
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CBK awaits regulations to begin registering crypto firms in Kenya
The government will begin licensing cryptocurrency service providers operating in Kenya after regulations guiding implementation of the Virtual Assets Service Providers Act, 2025 are developed and adopted. According to a joint statement by…
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Text Book Centre in Eldoret: How Two Friends are Building Bookstore Empire in Kenya
Text Book Centre (TBC) – East and Central Africa’s leading Distributor of Educational, Cultural, and Technological Content and Products – has launched its 15th Branch at Rupa Mall, Eldoret. As part of its expansion, the launch has trained…
3 min read
Microsoft launches AI to empower farmers with speech models in Kikuyu, Swahili & Maa
Microsoft Research has today unveiled Project Gecko, an initiative designed to build AI systems from the ground up. In a way that prioritizes local knowledge, language, and accessibility. The project is launching its initial phase in Kenya…
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Google boss warns ‘no company is going to be immune’ if AI bubble bursts
Every company would be affected if the AI bubble were to burst, the head of Google’s parent firm Alphabet has told the BBC. Speaking exclusively to BBC News, Sundar Pichai said while the growth of artificial intelligence (AI) investment…
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Kenya Power awards Ksh. 3.5B in tenders to youth, women & PWDs
Kenya Power has announced that it has awarded contracts worth Ksh.. 3.5 billion to businesses owned by youth, women, and people living with disabilities (PWDs) in the financial year ended June 30, 2025. This figure represents a 470%…
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Absa Bank Kenya Posts Q3 Net Profit of KSh 16.9Bn
Absa Bank Kenya’s Q3 2025 profit after tax stands at KSh 16.9 billion, reflecting a 14.7% increase from the same period last year. This growth is notable despite a challenging operating environment. The lender’s operating Income decreased…
2 min read
CBK Confirms No Crypto Firms Licensed Yet as VASP Rules Are Finalized
Kenya’s financial regulators have issued a clear reminder that no virtual asset firms are yet licensed under the new Virtual Asset Service Providers (VASP) law. The Central Bank of Kenya (CBK) clarified that the licensing process for VASPs…
3 min read
Jumia: Rural Shoppers Overtake Cities in E-Commerce Boom
Jumia has reported that rural Kenya now accounts for 60 per cent of all its orders, showing that online shopping has grown faster outside major cities. The company’s new report, E-commerce in Rural Kenya: Expanding Access, Driving…
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Kingdom Bank Targets Nairobi’s Traders With New Branch at Nairobi CBD
Kingdom Bank has opened a new branch on Tom Mboya Street, strengthening its footprint in one of Nairobi’s busiest commercial zones and bringing its SME-focused banking model even closer to the city’s everyday traders and professionals. The…
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Report Reveals Why Women Transact Less on M-Pesa, Airtel Money, T-Kash
While Kenya continues to record strong growth in financial inclusion, a new report highlights that men continue to dominate mobile money transactions, both in volume and value, leaving women trailing. Despite steady gains in access to…
2 min read
Ruto Announces Start of 170km Mau Summit Dualing Project
President William Ruto has given the green light for construction crews to officially break ground on the long-awaited 170-kilometre Rironi–Naivasha–Mau Summit highway dualing project on November 28, 2025, marking a major leap forward for…
2 min read
Govt Promises Kakamega Locals Direct Benefits from Ksh.683 Billion Gold Discovery
The government has assured Kakamega County residents that the recent Ksh.683 billion gold discovery in Isulu–Bushiangala will ensure real benefits to local communities, in addition to ongoing development projects across the Western region.…
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KEBS: Only 2019-and-Newer Vehicles to Be Allowed Into Kenya From 2026
Kenya’s used-car import business is headed for a major shift after the Kenya Bureau of Standards (KEBS) issued a new directive that will take effect at the start of 2026. The agency has announced that the country will only allow right-hand…
3 min read
CBK to Approve Nigerian Acquisition of Paramount Bank Kenya
CBK (Central Bank of Kenya) is in talks with Nigeria’s Zenith Bank which is seeking approvals to acquire Paramount Bank. Zenith Bank’s entry into Kenya, Nigeria’s second largest lender, is expected to use its deep pockets to inject more…
3 min read
Acorn secures regulatory approval for Build-To-Rent REIT
Acorn Holdings has secured key regulatory approval to launch a Build-To-Rent Development REIT, a move that positions it to attract deeper institutional investment into affordable urban housing. Acorn Holdings Chief Executive Officer Edward…
1 min read
Haleon & Amref join forces to fight Malaria in Siaya County
Haleon Kenya Ltd and Amref Health Kenya have formalized a major partnership aimed at combating malaria through robust community-led health initiatives in one of the country’s hardest-hit regions. The collaboration, signed today in Nairobi,…
2 min read
Google & AfCFTA launch initiative to empower African SMEs with AI and digital skills
Google and the African Continental Free Trade Area (AfCFTA) Secretariat have officially launched the AfCFTA Digital Inclusion & Entrepreneurship Programme, a new, free training initiative powered by the Google Hustle Academy. This…
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