Latest business stories from across Kenya.
Sasini Avocado EPZ Limited, a subsidiary of Sasini PLC, has announced a tender for the sale of its avocado processing and packaging plant located at Sameer Industrial Park in Nairobi. The facility was installed and commissioned in 2021 and…
The High Court has dismissed an application seeking to block Diageo’s planned sale of its majority stake in East African Breweries Limited (EABL), clearing the way for the Ksh 297 billion ($2.3 billion) transaction to Japan’s Asahi Group…
Nigerian banking giant, Zenith Bank PLC has acquired 100pc shareholding in Paramount Bank Limited following the approval by Central Bank of Kenya (CBK). CBK says the transaction follows its approval on March 9, 2026 and subsequent approval…
Equity Bank has unveiled its FX Preferential Rate Solution, a digital-first platform designed to eliminate the traditional hurdles of foreign exchange. The new solution allows customers to access and lock in rates 24/7 via the Equity…
The Board of Directors of the African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP). The initiative is specifically engineered to insulate African and Caribbean nations from the severe…
The Central Bank of Kenya (CBK) records confirm that Kenya’s overall inflation rate stood at 4.4 percent in March 2026 compared to the 4.3 percent in February. According to CBK, the inflation rate is expected to increase with the global…
Qualcomm has officially announced the ten startups selected for the 2026 Qualcomm Make in Africa Mentorship Programme. Highlighting Kenya’s surging influence in the deep-tech sector, Nairobi-based Zerobionic has earned a spot in this…
Motorists across the country continue to face fuel shortage despite the assurance by the government that the country has sufficient stock. A spot check across the country has revealed that some motorists and commuters have been stranded as…
Diamond Trust Bank (DTB) has launched DTB Wearables, a new range of contactless payment solutions. Safaricom pioneered wearable payment technology in Kenya as early as 2017 with the M-Pesa 1 Tap wristbands and NFC stickers. The telco has…
Bold leadership and political goodwill have made it possible for the government to implement the Affordable Housing Programme across the country, President William Ruto has said. The President pointed out that there was initial opposition…
In early March, heavy rains triggered flooding across Kenya, with Nairobi bearing the brunt as rivers and drainage systems overflowed. Vehicles were swept away, critical infrastructure was damaged, and nearly 70 lives were lost, with…
The African Export-Import Bank (Afreximbank) has announced that it has reported a net income of $1.16 billion for the year ended 31 December 2025. This is a 19% improvement from the US$973.5 million that the organization posted in a…
Visa has announced that its Africa Fintech Accelerator has now supported over 100 startups, representing a combined valuation of $1.4 billion. The announcement came during the Cohort 5 Demo Day at GITEX Africa, where 18 fintechs from 10…
McKinsey & Company’s research on organisational health has consistently shown that companies with strong people-centric practices dramatically outperform their peers. Organisations in the top quartile of organisational health have been…
The Communications Authority of Kenya (CA) has officially announced its intention to introduce a Permit Processing Fee for all applications submitted via the National Electronic Single Window System (NESWS), also known as KenTrade. As the…
Uchumi Supermarkets has scheduled its first Annual General Meeting (AGM) since 2018 for 29 April 2026. Shareholders will be asked to adopt eight years of previously unadopted financial statements, spanning financial year 2018 through 2025,…
CBK(Central Bank of Kenya) Monetary Policy Committee (MPC) decided to maintain the Central Bank Rate (CBR) at 8.75 percent, during its meeting held on April 8, 2026. During its deliberations, the CBK noted that the conflict in the Middle…
Kenyan farmers should expected stable supply of certified seeds after the country recorded significant increase in production. According to Kenya Seed Company chairperson Purity Ngirici the state agency has managed to produce 45 million…
The World Bank Board has approved a $550 million fund to support the development and upgrading of trade routes across the Horn of Africa. In a press statement, the World Bank said that the funds will enhance connectivity between trades and…
Women entrepreneurs have been urged to grow their businesses and tap into emerging economic opportunities as policymakers and financial institutions push for partnerships aimed at making women-led enterprises more bankable. The call comes…
Madagascar has declared a two‑week nationwide state of energy emergency amid severe fuel shortages caused by the US and Israel’s war in Iran. The presidency said the decision was taken following Tuesday’s cabinet meeting over fears the…
Kenya Pipeline Company (KPC) has maintained there is enough fuel in the country even as consumers report fuel shortage in various parts of the country. The firm has published data of super petrol, diesel and kerosene currently available at…
As queues grow at petrol stations in several towns, Kenya Pipeline Company (KPC) has moved to reassure Kenyans that the country is not running out of fuel. The state agency says it has enough petroleum products stored across its network…
Kenya has been dealt a blow after the World Bank downgraded its economic growth estimate for this year, 2026. In its latest April Africa Economic Update report, the World Bank lowered Kenya’s economic growth to 4.4 due to high debt…
