Latest business stories from across Kenya.
JUBA Express has announced a partnership with Airtel Money Uganda to launch a cross-border payments solution. Ugandans can send money to over 100 countries across all continents directly from any mobile phone. It is powered by a simple…
Connect Academy, a pivotal joint initiative between Safaricom Plc and the ICT Authority of Kenya (ICTA), today celebrated the graduation of its inaugural cohort of 48 students in a ceremony held in Nairobi. Launched during the 2024…
Mars Wrigley Kenya has launched a new sugar-free gum production line at its Athi River facility. This expansion is supported by a planned $33 million (Ksh. 4.279 billion) investment over the next three years. This builds on the over $70…
The East African Business Council (EABC) convened a high-level meeting with the East African Community (EAC) Secretary General, business leaders, and government officials in Burundi to address critical barriers hindering deeper regional…
Mars Wrigley Kenya has today unveiled a sugar-free gum production line at its Athi River facility, an investment that builds on the more than $70 million the confectioner has already deployed in the country.
Cairo-based HR tech startup bluworks has raised $1 million in seed funding to scale its workforce management platform across Egypt and also enter new markets in the MENA region. This seed round saw the participation of A15, Enza Capital,…
Family Bank Group has posted a 56% increase in Profit After Tax to Ksh 3.5 billion for the nine months ended 3oth September, 2025, up from Ksh 2.3 billion in the same period last year. Family Bank Q3 Profit performance was driven by…
Kenya’s economic rebound is increasingly fragile, according to a new warning from the World Bank. While the country shows signs of recovery, with inflation stabilising, its exchange rate holding firm, and foreign exchange reserves sitting…
Standard Chartered Bank Kenya(SCBK) Limited, a subsidiary of UK-based Standard Chartered Plc, has posted a significant drop in its Profit After Tax(PAT) to KSh 9.79 Billion in the nine months ending September 2025. This decline is…
Standard Chartered Bank Kenya Limited today released its financial results for the nine-month period ended 30 September 2025, reporting a profit after tax of Ksh. 9.7 billion. This is a 38% decrease from the Ksh. 15.8 billion the company…
Jambojet Cargo has announced a significant leap in its digital strategy, integrating its entire cargo network onto WebCargo by Freightos. The move connects the airline’s capacity to thousands of global freight forwarders. The integration…
The Common Market for Eastern and Southern Africa (COMESA) member states are seeking to harmonize laws guiding e-commerce within the bloc in a bid to deepen trade and ensure consumer safety. Under the Ksh 1.2 billion (€8m) Enhancement of…
Safaricom has launched the first tranche of Fixed Rate Green Notes under its Domestic Medium Term Note Programme, targeting up to Ksh 15 billion, with a Ksh 5 billion greenshoe option. The notes carry a fixed interest rate of 10.40 per…
Lack of information on strategic investments is being attributed to many retirees being unable to meet their financial needs upon retiring. According to speakers at the 5th Abojani Economic Empowerment Conference held in Nairobi, many…
The Kenyan economy has reached a critical point, with high public debt and weak revenue collection continuing to squeeze the country’s fiscal space. This may raise the cost of living and deepen the cost of doing business, according to the…
Kenya has taken a major leap in digitizing trade operations with the launch of a new digital system, the eCustoms App, a platform designed to simplify trade procedures, speed up goods clearance, and modernize border operations across the…
Nairobi Governor Johnson Sakaja has defended the county’s decision to transfer hospital deposit accounts to Sidian Bank, citing administrative and financial efficiency as the key drivers. Speaking before the Senate Committee on Devolution…
The Kenya Power and Lighting Company (KPLC) has launched a new meter reading technology aimed at boosting the efficiency, accuracy, and speed of meter data collection. Called Optical Character Recognition (OCR), this meter reading system…
Introduction The financial technology landscape has undergone remarkable transformation over the past decade, with artificial intelligence and algorithmic trading systems becoming increasingly sophisticated. Among the emerging platforms…
Equity Bank has been crowned the 2025 AfriSAFE Bank of the Year, securing one of the continent’s highest honours for workplace safety, environmental responsibility, and sustainability. The award was announced in Mombasa during the two-day…
Traders and passengers with goods below Ksh 252,000 ($2000) in value will now declare them through a new digital channel rolled out by the Kenya Revenue Authority (KRA). The authority says the eCUSTOMS application developed jointly with…
NCBA Investment Bank has rolled out a sophisticated suite of comprehensive Offshore Investment Solutions that offer its clients an array of professionally-managed investment portfolios, complete with exposure to global markets, currency…
Uchumi Supermarkets is considered one of the top performers at the Nairobi Securities Exchange(NSE), its share price being considered the fastest rising this year. The counter has been on the investors’ radar for the past fortnight and a…
The Kenya Revenue Authority (KRA) has officially launched the eCUSTOMS App at the Busia One Stop Border Post (OSBP). Launched in partnership with TradeMark Africa (TMA) and the British High Commission (BHC), the new platform is designed to…
