Latest business stories from across Kenya.
Canada has taken a significant step in reshaping North American automotive markets, announcing plans to allow tens of thousands of low-cost Chinese electric vehicles (EVs) to enter the country. The move, framed as an effort to diversify…
The government is prioritising the modernization of Nairobi City’s drainage system under a Ksh 8.7 billion plan to address the flooding menace that continues to affect city residents, Roads and Transport Cabinet Secretary Davis Chirchir…
The World Bank has announced a 21-month debarment of three PricewaterhouseCoopers (PwC) entities with conditional release on PwC Associates Africa Ltd. (Mauritius), PwC Kenya, and PwC Rwanda. “World Bank Group Debars PricewaterhouseCoopers…
Co-operative Bank of Kenya has entered into a new partnership with the United Nations Capital Development Fund (UNCDF) in a move aimed at expanding access to finance for Kenya’s digital entrepreneurs and climate-focused agricultural…
Safaricom has announced a new data minimization enhancement on M-PESA aimed at strengthening customer privacy in person-to-person (P2P) transactions. The update, unveiled during a briefing at the Michael Joseph Centre, will go live on…
Kenyans are facing a petrol shortage crisis as select petrol stations across the country have been forced to close temporarily due to fuel stockouts. Reports indicate that several distributors are rationing supplies, while others have…
Sugar workers have threatened fresh protests and possible industrial action over delayed payment of arrears, accusing the government of reneging on multiple agreements tied to the leasing of four State-owned mills. The Kenya Union of…
Kenya and the European Union held a high-level bilateral meeting on Tuesday to strengthen cooperation on digital infrastructure, artificial intelligence (AI), and online safety. The discussions, led by Principal Secretary for Broadcasting…
Equity Group has posted a historic full-year net profit of Ksh 75.5 billion to December 2025 which is a 55pc growth when compared to Ksh 48.8 billion the lender posted over the same period the previous year. The growth was sustained by…
Equity Group has recorded growth across its six African markets in the 2025 financial year, serving over 22.4 million customer accounts across the region. During the release of its 2025 financial year results, Equity Group announced plans…
Equity Group Holdings has announced a record-breaking corporate profit in East and Central Africa after posting an after-tax profit of Ksh 75.5 billion for the 2025 Financial Year, up 55 per cent from FY24. Speaking at the 2025 FY Investor…
Cytonn Investment Management PLC has issued a statement to its creditors and investors following the Business Registration Service (BRS) announcement on the disposal of properties belonging to Cytonn High Yield Solutions LLP (CHYS) and…
India could soon get a lot thinner – at least in theory. On Friday the patent on semaglutide – the molecule behind Danish drugmaker Novo Nordisk’s blockbuster weight-loss drugs Wegovy and Ozempic – expires in the country. This will allow…
Ndovu Wealth Limited, a fund manager licensed by the Capital Markets Authority (CMA), has toay launched the Kibaba Multi-Asset Special Fund.
Kenya has reiterated its commitment to maintaining a fair, open and well-regulated market economy that supports business growth and healthy competition. Principal Secretary at the National Treasury, Chris Kiptoo, made the remarks on…
Stima DT Sacco has recorded a full loss of Ksh 108 million linked to its investment in the Kenya Union of Savings and Credit Co-operatives (KUSCCO), following revelations of financial and governance failures at the umbrella body. The Sacco…
The government has breathed new life into the Muthaiga-Kiambu-Ndumberi Road project by finally securing a contractor for the multi-billion shilling upgrade. This project will transform the heavily congested corridor into a modern dual…
Seven suspects appeared in a Nairobi court on Tuesday to face charges for their alleged roles in a multi-million-dollar fake government contract scheme. The accused – Michafi Musyoki Ngumbi, Evans Simotwo, Geofrey Were Odondi, Allan Mutahi…
Germany has teased a plan to roll out a new rule to curb wild swings in fuel prices at the pump. According to the plan, gas stations will be limited to just one price hike per day amid sky-high oil costs resulting from the current conflict…
Trade Cabinet Secretary Lee Kinyanjui has called for the mainstreaming of metrology, the science of accurate and reliable measurement, across health, manufacturing and trade sectors to strengthen consumer protection and drive regional…
Farmers and traders of organic food have decried numerous hurdles they face which have hindered market access for their crops produced through agroecology. A study conducted at Busia border with Uganda and Mpondwe border with Tanzania,…
Old Mutual Holdings PLC has announced a resilient financial performance for the year ended December 31, 2025, posting a profit after tax of Ksh. 856 million. This is a 2% increase from the Ksh. 838 million recorded in 2024 comes despite a…
The Kenya Revenue Authority (KRA) digital team has triggered widespread online attention, with Kenyans intensifying speculation about the identity of the account administrator. This is after its @KRACare account responded to a random…
Old Mutual Group has reported Ksh 856 million in 2025 full year net profit, representing a 2pc increase, lifted by non-insurance revenue and income. Old Mutual Group booked Ksh 151 million loss in its insurance business, plunging from a…
