Latest business stories from across Kenya.
Kenya has emerged as a regional climate leader following its successful bid to host the Eastern and Southern Africa office of the Green Climate Fund (GCF), with Nairobi set to serve as the hub. The decision, finalized at the 44th GCF Board…
Telecommunications giant Safaricom has announced a temporary outage affecting its mobile money service, M-Pesa, leaving hundreds of customers stranded and unable to complete transactions. The announcement followed an outcry on social…
Diamond Trust Bank Kenya (DTB Kenya) has formally exited the Burundian market after completing the sale of its entire stake in Diamond Trust Bank Burundi. In a notice on 28 March, the bank said it had sold its 83.67% in the Burundian…
Standard Media Group, the 124-year-old publishing and broadcasting powerhouse in East Africa, associated with the Moi Family, now faces an uncertain future. This is as the Communication Authority of Kenya(CA) goes ahead and switch off the…
Sidian Bank, a hitherto colourless Tier II lender, has appointed John Okulo as its new Managing Director and Chief Executive Officer. John Okulo is a seasoned banker from KCB Bank, and will succeed former Sidian Bank CEO/MD Chege Thumbi,…
Hello, I am Janeffer. Welcome to today’s edition of The Business Roundup. In this edition, we focus on these four top stories: Fuel shortage hits Kenya as Shell announces stockouts and Skyward Airlines hikes ticket prices Collapsed KOKO…
Six stations owned by Standard Media Group have had their licenses revoked by the Communications and Multimedia Appeals Tribunal over unpaid arrears to the tune of Ksh 48.87 million owed to the regulator. The ruling follows a dismissal of…
The government has directed contractors working on multi-billion shillings critical infrastructure components of the Galana Kulalu Food Security Project to speed up works for the successful rollout of the government’s food security…
KCB Bank Kenya has received approval for a $96.9M (KSh. 12.5B) financing from the Green Climate Fund (GCF) to accelerate green projects for Micro, Small and Medium Enterprises (MSMEs) and farmers in Kenya. The blended finance initiative—a…
A dental odontogram is more than just a chart – it’s a roadmap for your oral health. Imagine having a complete, visual overview of your teeth, restorations, and dental history at your fingertips. For dentists, this tool is essential in…
I&M Group Plc, a leading Eastern African lender with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda, posted a net profit of KSh 19.8 billion in 2025 from KSh 15.9 billion the prior year, while the Group’s anchor business I&M…
Standard Chartered Plc plans to expand sustainable financing initiatives in Kenya and across Africa, seeking to channel more capital into key sectors such as agriculture, healthcare and manufacturing as the region positions itself for…
Visa Inc. is rolling out a new payment-processing capability in Kenya aimed at helping banks and other financial institutions upgrade aging infrastructure, as digital commerce accelerates across the region. The San Francisco-based payments…
Savings and Credit Cooperative Societies (Saccos) in Kisii county have been told to adopt technology in order to attract and retain young members. Speaking during the Wakenya Pamoja Sacco’s Annual Delegates Meeting at the Kisii…
KCB Bank Kenya has secured Ksh 12.5 billion ($96.9m) to expand its lending to green projects run by Micro, Small and Medium Enterprises (MSMEs) and farmers across the country. KCB Group Chief Executive Officer Paul Russo said the facility…
Kenya Tea Development Agency (KTDA) now expects to complete the Ksh 1.2 billion Setet Hydro-Power Project in Kericho County this year after recovering from construction hiccups. The power station which is meant to supply power to Momul,…
The government has moved to calm fears over taxation ahead of the next budget cycle, assuring Kenyans that no new taxes will be introduced in the 2026 Finance Bill. Appearing before Parliament, National Treasury Cabinet Secretary John…
Kenya and East Africa importers are set to face higher shipping costs as the global shipping company MSC Mediterranean Shipping Company (MSC) announced a new Emergency Fuel Surcharge (EFS). The emergency fuel surcharge will come into…
Kenya’s stock market is showing fresh signs of life after the Nairobi Securities Exchange(NSE) reported a sharp rise in earnings for the 2025 financial year, helped largely by a surge in trading activity. Financial results released for the…
Nairobi-based clean cooking start-up KOKO Networks Limited (in administration) has scheduled its first creditors’ meeting. The meeting will be held on April 10, 2026, virtually, as joint administrators seek to present proposals and…
Prime Minister Anthony Albanese has sought to reassure Australians that the country’s fuel supply remains “secure” as prices soar and following reports of panic buying and petrol stations running dry since the start of the Iran war. “The…
Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026. In a notice on March 26, Sidian Bank stated that the appointment of John Okulo is subject to regulatory approval. “The…
NCBA Group profit after tax of Ksh 23.4 billion in its full year 2025, which is a 7% increase from Ksh 21.9 billion reported during a similar period in 2024.
Faced with a tightening economy, Kenyans are increasingly launching side hustles and scaling up existing businesses to bridge the gap. According to the latest Old Mutual Financial Wellness Monitor, which tracks the financial health of the…
