Latest business stories from across Kenya.
Safaricom PLC, Kenya’s leading telecommunications company, has officially announced that it has secured approval from the Capital Markets Authority (CMA) to establish a Medium Term Note (MTN) Programme. The approval was granted by the CMA…
I&M Group delivered a strong performance in the third quarter of 2025, demonstrating growth across key financial metrics. The Group’s Profit After Tax (PAT) reached 12.675 Billion for the Q3 period ending September 30, 2025. This is a…
KCB Group PLC has released its unaudited financial results for the third quarter of 2025, revealing a nuanced picture of growth. While the core lending business demonstrated strength, the Group’s overall Profit After Tax (PAT) growth was…
Stanbic Bank Kenya’s financial results for the third quarter of 2025 (Q3 2025) reveal a mixed performance. This is highlighted by robust expansion in core lending and improved asset quality, yet overshadowed by a significant drop in…
Sidian Bank has announced that it has reported a profit after tax of Ksh. 1.4 billion for the period ended 30th September 2025. This is a significant 444.75% increase from the Ksh. 257 million that the company reported in a similar period…
Diamond Trust Bank (DTB) has announced that it has reported a profit after tax of Ksh. 8.3 billion for the Q3 period ending 30th September 2025. This is an increase from the Ksh. 7.4 billion profit after tax the company reported in the…
CMA (Capital Markets Authority) has imposed a KSh 10 million financial penalty on UK-based Ernest&Young Accounting and Audit firm for their failure to ensure adequate and accurate disclosure of material facts in the 2014 Annual Report and…
NCBA Group Plc has made a Net Profit of KSh 16.4 Billion at the end of the nine months’ period ending September 2025 compared to KSh 15.1 Billion posted in Q3 2024. Its Pre-Tax Profit was up 11.1% to KSh 20.5 Billion. While the NCBA…
The Capital Markets Authority (CMA) has announced an enforcement action against Ernst & Young LLP (EY Kenya). The company served as the Reporting Accountant for the Uchumi Supermarkets Limited (USL) Rights Issue in 2014. Following…
NCBA Group PLC has announced that it has posted a Ksh. 16.4 billion profit after tax for the Q3 period ended 30th September 2025. This is an 8.5 per cent increase in profit after tax from Ksh. 15.1 billion the company reported in the same…
Britam General Insurance, Hotpoint Appliances, and MIC Global Risks have joined forces to offer 12 months of automatic all-risks insurance cover on select appliances purchased both in-store and online at Hotpoint outlets. This…
Jambojet has announced the appointment of Ayisi Makatiani, as the new Chairperson of its Board of Directors, effective 17th November 2025. Makatiani succeeds Mr. Vincent Rague, who steps down after a ten year tenure as Chairman, having…
Stanbic Bank Kenya today announced the introduction of a new home loan offering featuring a fixed interest rate of 8.99% per annum. This initiative runs from November 15th, 2025, to February 15th, 2026, and is designed to make…
Google has announced a major suite of Africa-focused AI initiatives, spearheaded by the launch of the AI Skilling Blueprint for Africa. This policy roadmap is designed to empower governments across the continent to build a robust,…
Zoho Corporation today announced enhancements to Zoho One, its all-in-one business software platform. “The Zoho One update reflects how work has evolved from using individual applications to operating within a unified platform,” said…
The agriculture sector has raised concerns over unpredictable tax policies, which they say are threatening its future. At a recent high‑stakes meeting convened by Agriculture Cabinet Secretary Mutahi Kagwe, agribusiness leaders pushed hard…
Electric vehicle manufacturer MojaEV has announced plans to set up a new assembly plant in Mombasa County with a capacity to produce 5000 units annually. MojaEv Kenya Chief Executive Officer Wang Ai Ping said the firm has already…
Kenya’s Competition Authority (CAK) has cleared the proposed takeover of Mace Consult Holding Limited by Consult Bidco Limited, giving the deal a smooth path forward after confirming that it meets all merger requirements under the…
Hyundai chief executive José Muñoz said on Wednesday that the White House phoned him personally to apologise for a massive immigration raid at a factory in the US state of Georgia. Speaking at a conference of business leaders in Singapore,…
Kenya’s national debt has surged to KSh11.7 trillion, marking one of its highest levels yet, after the National Treasury borrowed more than KSh1.1 trillion in the last financial year. Controller of Budget Margaret Nyakang’o revealed the…
National Treasury Cabinet Secretary John Mbadi has issued a stern warning to employers, signalling an imminent crackdown on those who deduct statutory contributions from employees but fail to remit the money to the rightful pension…
The Kenya Development Corporation (KDC) today advanced Ksh 500 million to the Githunguri Dairy Cooperative Society (GDC). The funds aim to accelerate financing for Micro, Small, and Medium Enterprises (MSMEs) in the agricultural sector.…
Nigeria’s second-largest bank by assets, Zenith Bank Plc, is in advanced negotiations to acquire Kenya’s Paramount Bank Ltd. The proposed deal shows a trend of Nigerian financial institutions expanding their footprint into Kenya, a…
For years, the residents of Kitui and Mwingi West watched as their economic dreams were buried under clouds of dust from the unfinished Kibwezi–Kitui–Kabati–Mbondoni Road. But that narrative is changing. With construction now in full swing…
