Latest business stories from across Kenya.
India’s largest conglomerate Reliance Industries, owned by billionaire Mukesh Ambani, has stopped importing Russian crude oil for its export-only refining unit at Jamnagar in the western state of Gujarat. The move aims to comply with an EU…
President William Ruto has said that the Nairobi Securities Exchange (NSE) is now counted among the best-performing share markets in the world, describing its recent turnaround as one of the strongest in Kenya’s financial history. Speaking…
The Central Bank of Kenya (CBK) has placed responsible innovation at the centre of its vision for the country’s fast-evolving financial sector, signalling a careful but optimistic approach to the rise of artificial intelligence. During the…
Kenya will spend Kh 5 trillion to invest in various infrastructural projects in the next three years under public private partnership according to President William Ruto. The Head of State told Parliament on Thursday that some of the…
Meta has introduced a new tax policy that will significantly affect Kenyan content creators who earn through its platforms. In a notice released on Thursday, November 20, the tech giant informed creators that their earnings will now be…
President William Ruto has drawn attention to a glaring disparity in tax contributions from Micro, Small and Medium Enterprises (MSMEs), emphasizing the urgent need to align their remittances with their economic impact and expand the…
A fresh legal storm has hit the newly enacted Privatization Act, 2025, after two petitioners moved to the High Court seeking to stop its implementation, arguing that the law endangers Kenya’s sovereignty and violates fundamental…
As digital trading continues to evolve, automated platforms are becoming increasingly popular among investors seeking efficient market solutions. Quantum AI Kenya has emerged as one such platform, attracting attention from traders in Kenya…
Twenty-one vessels are currently waiting at the outer anchorage as congestion at the Port of Mombasa intensifies, causing financial losses and delays for shipping lines and traders. The pileup is blamed on the slow clearance of empty…
President William Ruto has attributed the improved investor confidence in Kenya to his administration’s strategic fiscal interventions which have helped stabilized the economy since assuming office three years ago. In his third State of…
Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc that is listed at the Nairobi Securities Exchange(NSE) recorded a decline in Net Profit for the first nine months of this year to KSh9.38 Billion, being among the first lenders to…
The United Nations Development Programme (UNDP) and the Hormuud Salaam Foundation (HSF) have announced a partnership to combat Somalia’s high youth unemployment by investing in the country’s green and blue economies. The 18-month, $820,000…
Senator Samson Cherargei of Nandi County has called attention to the persistently high cost of phone calls in Kenya, questioning why ordinary citizens continue to pay more despite expert advice recommending lower rates. In a statement on…
For two years, Wilben Trade Limited and its promoter, Mr Marcus Akroyd Wade, have run a negative media campaign linked to a trade finance dispute with Ecobank, pressing the line that they were right to sue Ecobank in Dubai.
Kenya’s leading telco, Safaricom PLC, has obtained approval from the Capital Markets Authority (CMA) to launch a new debt‑raising initiative worth up to Ksh 40 billion. In an announcement, published on 20 November 2025, the company says…
DTB(Diamond Trust Bank) Group has recorded an 8.4% increase in Profit After Tax (PAT) of KSh 8.37 Billion over the first nine months of 2024, from KSh 7.44 Bn over a similar period in 2024. The regional lender with subsidiaries in Uganda…
Rwandan rap star Ish Kevin is riding a wave of critical success, freshly off his nomination as Best East African Act at the Kenyan-based Unkut Hip Hop Awards. Capitalizing on this momentum, the artist has announced his next single, Chat…
Saudi Arabia’s aviation conglomerate, Saudia Group has signed a deal with GE Aerospace to provide GEnx-1B engines for its 39 Boeing 787-9 and 787-10 aircraft ordered in 2023. The agreement includes the supply of engines, a multi-year…
KCB Group has posted a 3pc increase in profit after tax to Ksh 47.3 billion in nine months of this year to September buoyed by strong revenue from loan interests. According to chief executive officer Paul Russo, despite challenging…
The government is preparing to privatise the New Kenya Co-operative Creameries (KCC) to address persistent problems in paying dairy farmers and to boost milk production. According to the Cabinet Secretary for Co-operatives and SMEs,…
Agriculture Cabinet Secretary Mutahi Kagwe has announced that Kenya is set to launch the JobsConnect Compact, making it the first country in Africa to finalise the global framework aimed at creating 6 million new, greener and dignified…
Chip giant Nvidia beat Wall Street’s expectations for revenue and upcoming sales, easing investor concerns about heavy artificial intelligence (AI) spending that have unsettled markets. In its quarterly earnings report on Wednesday, the…
Stakeholders in the livestock sector are calling for deeper collaboration between the public and private sector to establish a cohesive national platform to address ruminant disease control challenges. During a high-level Ruminant…
Why does your neighbour get more electricity tokens than you even though you both pay the same amount? For many Kenyans, this mystery has sparked endless frustration. But Kenya Power says the real culprit isn’t favouritism; it’s your own…
