Latest business stories from across Kenya.
Oil and gas prices rose sharply and stock markets slid back on Thursday after Iranian strikes hit energy infrastructure in the Middle East, including Qatar’s main gas facility. Brent crude was trading at just over $108 a barrel on Thursday…
The President Donald Trump administration has issued a fresh 30-day waiver allowing the sale of Russian oil already at sea in a move aimed at easing mounting pressure on global energy markets. The new authorization, released on Thursday,…
Ride-hailing is quickly becoming a serious income stream for many Kenyans, with new data showing that some drivers are making far more than what was once considered typical in the sector. According to the latest report by Bolt, drivers on…
The Trump administration is preparing to turn Tehran’s own oil against it in what looks like a bold economic maneuver amid the ongoing U.S.-Israel conflict with Iran. Treasury Secretary Scott Bessent revealed Thursday, March 19, that the…
Sub-Saharan Africa’s music scene is hitting new heights. Recorded music revenues in the region grew by a solid 15.2 per cent in 2025, reaching US$120 million, according to the latest IFPI Global Music Report 2026 seen by Business Today.…
Harambee SACCO is diversifying its product portfolio beyond conventional offerings to tap into youth and Micro, Small and Medium Enterprises (MSMEs), as shrinking formal employment compels deposit-taking cooperatives to rethink their…
Construction of the County Aggregation and Industrial Park (CAIP) in Kirinyaga is nearing completion, marking a major milestone in the county’s journey toward becoming a regional hub for agro-processing and industrial development. The…
President William Ruto has officially launched the Naivasha–Kisumu–Malaba Standard Gauge Railway (SGR) project. The 475 km railway network is expected to extend from Naivasha through Narok, Bomet, Kericho, Nyamira, Kisumu, and the Malaba…
Artificial intelligence (AI) and streaming are reshaping the global music industry, creating new opportunities for artists, record companies, and listeners alike. According to the IFPI Global Music Report 2026, recorded music revenues grew…
The Kenya Revenue Authority (KRA) has recovered Ksh452.5 million after uncovering a scheme involving irregular cargo clearance and revenue accounting. In a statement issued on Thursday, March 19, the taxman said the scheme—unearthed during…
Tea farmers are expected to realize improved earnings following a decision by the government to inject Ksh 3.5 billion to refurbish tea factories to international standards and encourage value addition. Speaking at Olenguruone Tea factory…
The value of Kenya’s gig economy has surged to $1 billion, fueled primarily by the rapid expansion of e-commerce and ride-hailing platforms. The sector now accounts for significant contributions to the country’s national output. According…
Small and medium enterprises are expected to continue leveraging digital lending platforms to stabilize their operations amid rising global geopolitical uncertainties. A survey by Tala indicates that amid rising cost of living, many SMEs…
In Kenya, M-Pesa is a household name known not just by the banked and literate population but by almost everyone including the unbanked, young, and illiterate population. Since its launch in 2007, M-Pesa has evolved from a simple money…
Nakuru Deputy Governor Dr David Kones has hailed the Rironi-Mau Summit Highway upgrade as a transformative project that will ease travel, boost trade, and enhance safety along the busy Nairobi-Western Kenya corridor. Dr Kones stated that…
The US central bank has voted to hold interest rates steady again, as a spike in oil prices since the start of the US-Israel war with Iran raises economic uncertainty and threatens to drive up inflation. The decision, which was widely…
The Kisumu County Assembly’s Ad Hoc Committee on Revenue has completed a three-day benchmarking visit to Kiambu County, seeking insights into effective own-source revenue (OSR) management amid Kisumu’s persistent shortfalls. The…
Kenyan businesses are set to continue facing higher shipping costs as tensions in the Middle East rise among the United States, Israel, and Iran. Shipping charges have soared sharply, with charter fees rising from about $100,000 to…
Isuzu East Africa has ended its nearly five-decade-long partnership with Associated Motors Limited, marking a significant shake-up in the company’s dealer network. In a statement on March 19, the automaker confirmed that Associated Motors…
Standard Bank has been ranked Africa’s Most Valuable Bank Brand for the fifth consecutive year, according to a new report by Brand Finance, reaffirming its position as a leading financial institution on the continent. The ranking places…
A new international report has exposed how weak oversight, poor coordination among watchdogs, and a lack of technology allow billions of shillings to leak from Kenya’s public coffers through messy procurement. The study, titled Peer…
Safaricom is rolling out a significant privacy upgrade to M-Pesa on March 24, 2026, one that will change how your personal details appear every time you send money. The Central Bank of Kenya has already approved the new data minimization…
Equity Group just posted a KES 75.5 billion profit. Unpack how this legacy institution is quietly building an invisible African technology ecosystem.
Equity Bank and KCB Bank are intensifying their expansion plans into Ethiopia, one of Africa’s largest untapped banking markets. The move follows strong financial performance from both banks, particularly Equity Bank, which posted a profit…
