Latest business stories from across Kenya.
The Ministry of Health has ordered the immediate withdrawal of several peanut butter brands from retail shelves after laboratory tests detected dangerously high levels of aflatoxin. This toxic substance poses severe health risks to…
Kenya is quietly opening the door to what could become one of the most lucrative mineral deals in its history, and the world is already lining up. Deep in Kwale County, the long-whispered riches of Mrima Hill are finally moving from…
Not too long ago, the mere mention of the Government-to-Government (G-to-G) fuel deal would trigger a predictable chorus of concern, suspicion, and in some quarters, outright dismissal, with critics raising uncomfortable questions about…
Consolidated Bank of Kenya has bounced back into profit, posting a strong turnaround for the year ending December 31, 2025, after making losses the previous year. The government-owned lender reported a profit after tax of Ksh 217.5…
Consolidated Bank posted a KES 217.5 million profit, but severe capital shortfalls and rising bad loans threaten its future survival.
Kenya is banking on livestock traceability to widen its access to the international markets following the roll out of the Animal Identification and Traceability System. Agriculture Cabinet Secretary Mutahi Kagwe said the move will unlock…
The Affordable Housing Board has announced the rollout of service desks across all Huduma Centre outlets nationwide, offering a one-stop solution for prospective homeowners. This is after the Affordable Housing Board (AHB) and Huduma Kenya…
Kenya Airways (KQ) has attributed its latest financial setback to a combination of persistent challenges affecting the global aviation sector, as it reported a Ksh 17.12 billion loss for the year ended December 2025. The national carrier,…
Kenya Airways has cleared the air and assured its customers of stability even as it recorded a huge loss in FY 2025. In a statement dated March 30, 2026, the national carrier said passengers should continue to book and travel with…
Stima Deposit-Taking Savings and Credit Cooperative Society grew its balance sheet size to KSh 75.3 billion in 2025, up from KSh 66.4 billion in the previous year. As the period upon which SACCOs are required to hold their annual general…
Moroccan electric mobility startup GoSwap has secured its first seed funding round from Azur Innovation Fund. GoSwap is building a battery-as-a-service (BaaS) model designed to address two of the biggest barriers to electric vehicle (EV)…
Consolidated Bank has reported net profit of Ksh 198.2 million for the twelve months period to December last year powered by strong income. The bank made the recovery from a loss of Ksh 155.2 million reported the previous year after…
KUSCCO (Kenya Union of Savings and Credit Cooperatives) should consider rebranding and change its status to a federation, so as to rebuild lost credibility. This is part of a recommendations report by a Committee of Experts(CoE),…
Family Bank full year profit after tax has grown by 55pc to hit Ksh 5.4 billion which the lender said was supported by higher interest income. The lender advanced Ksh 105.9 billion in loans to customers, representing a 14pc year-on-year…
Global oil prices jumped and stocks fell sharply on Monday in Asia after the US-Israel war with Iran entered its fifth week. The price of Brent crude rose by more than 3% to above $115 (£86.77) a barrel, while US-traded oil climbed to…
Sanlam Allianz Holdings( Kenya) Group Plc, formerly Sanlam Kenya Plc recorded a 162% increase in Net Profits to KSh 959.3m in 2025 financial year, this solid performance coming against the backdrop of aggressive rebranding and huge…
Co-operative Bank posted a strong Profit Before Tax of KSh 40.3 billion for the year ended 31st December 2025, compared to KSh 34.8 billion recorded in the previous year, an impressive 15.8 % growth.
Kenya Airways (KQ) is facing fresh pressure as a global fuel crisis triggered by the ongoing Iran war pushes jet fuel prices higher and disrupts supply chains worldwide. The airline now finds itself in a difficult position, with fuel…
The government has ruled out introducing new taxes in the upcoming Finance Bill for the 2026/2027 financial year, signaling a major strategic shift in how it plans to generate revenue. Treasury Cabinet Secretary John Mbadi shared this…
Vivo Energy Kenya has linked the recent fuel stockouts at several Shell service stations to a sudden and unexpected spike in consumer demand. In an official statement, the company explained that it is now closely monitoring inventory…
Safaricom PLC has initiated investigations following reports from customers who woke up to missing Bonga Points, with account statements indicating unauthorized redemptions. On March 29, reports of missing Bonga Points surfaced among…
Equity Bank is considering expanding into Mozambique following an intervention by President William Ruto, as announced by the bank’s Chief Executive Officer (CEO), James Mwangi. According to James Mwangi, a deal with the Mozambique on…
Safaricom has addressed concerns over unexpected Fuliza deductions reported by users, stating that the issue has been identified and corrective measures have been implemented. On March 28, a Safaricom customer raised concerns after funds…
The Government of Kenya, through the Ministry of Mining, Blue Economy and Maritime Affairs, has launched a tendering process for a mining investor to commercially exploit the mineral-rich Mrima Hill in Kwale County. The site, known for its…
