Latest business stories from across Kenya.
Police are investigating people believed to be part of an extortion ring accused of frustrating the payment of about Ksh14 billion to Co-operative Bank shareholders through a series of suspicious court cases filed in the name of Sacco…
Some 55 nominees have made the shortlist for the 2026 African Banker Awards. The awards, which is now its 20th year, recognises and celebrates leading institutions and bankers making great strides in Africa’s banking and finance sectors.
The government completed 5,083 more affordable units last year compared to 1,655 units completed the previous year, official data by the Kenya National Bureau of Statistics (KNBS) shows. According to the bureau, total number of residential…
Traders and shoppers in Murang’a County are feeling the pressure of rising food prices following a sharp increase in the cost of tomatoes and onions, two of the most commonly used household ingredients. A spot check by KNA at the busy…
The African Tax Administration Forum (ATAF) and the Egyptian Tax Authority (ETA) have signed an agreement to build tax capacity across Africa through trainings. The Memorandum of Understanding (MoU) between the two bodies, provides for the…
Safaricom CEO Peter Ndegwa has addressed growing speculation about the possible separation of M-PESA from the company’s telecommunications business, amid the continued expansion of the mobile money platform. Speaking to Julian Amboko, a…
Kenyan telecommunications company Safaricom Plc has announced dividends for its shareholders following the release of its financial results for the year ended March 31, 2026. The company has proposed a total dividend of Ksh80 billion for…
Safaricom PLC has today released its audited financial results for the fiscal year ended March 31, 2026, revealing a landmark performance that cements its position as a regional technology titan. The primary Kenyan entity recorded a…
M-PESA has maintained its position as the key revenue contributor to the Safaricom group, as the users’ transactions in the fiscal year ending March 2026 hit KSh 41.68 trillion. According to the financial performance report by Safaricom…
Absa Bank Kenya has officially launched a revamped asset financing proposition, committing Ksh. 100 billion over the next three years to empower businesses and individuals across the country. The enhanced offering, dubbed ABF 2.0, is…
Safaricom shareholders are set for a record payout after the company announced a 66.7 per cent jump in dividends following a strong financial year that saw net income hit KSh100 billion. The telco declared a total dividend payout of…
Crown Paints recently concluded its Twende Mara na Crown Paints initiative, treating over 60 of the country’s top-performing Team Kubwa painters to a three-day experiential retreat in the heart of the Maasai Mara. The excursion served as a…
Safaricom Group has reported a full year net profit of Ksh 73.6 billion which grew by 61pc from Ksh 45.8 billion the giant telco reported last year backed by enhanced revenue. In a year to March 2026, the firm saw its total revenue rise by…
Safarcom Plc has detailed how small-scale vendors Mama Mbogas fueled the recorded Ksh99.7 Billion Profit, reporting continued growth across mobile money, data, and enterprise services. In its financial results for the year ending March 31,…
Old Mutual has officially rolled out a comprehensive, countywide financial wellness initiative. The drive is designed to equip Small and Medium-sized Enterprises (SMEs) and retail customers with the practical toolkits necessary to navigate…
The Masakhane African Languages Hub, in a powerhouse collaboration with the Microsoft AI for Good Lab, the Bill & Melinda Gates Foundation, and Google.org, has officially announced the launch of LINGUA Africa. This open call for proposals…
Safaricom is currently at a crossroads. While the company is aggressively integrating Artificial Intelligence (AI) to transition from reactive troubleshooting to proactive service management, its tech-first approach has hit a significant…
Kenya Pipeline Company (KPC) has opened the race for a new Managing Director as the State-backed fuel transporter moves to rebuild its leadership after weeks of controversy that shook the country’s energy sector. The company announced that…
Safaricom has recorded one of the biggest profit jumps in its history after posting a net profit of Ksh 99.7 billion for the financial year ending March 2026, up from about Ksh 59.6 billion the previous year. The 67.3 per cent growth was…
The French National Assembly on Wednesday approved, following a new round of debate, a draft law on the restitution of cultural property acquired through illicit appropriation. The lower house of parliament passed the bill with 141 votes…
Rubis Energy Kenya has officially opened applications for its highly anticipated 2026 Young Graduate Trainee Program. This 18-month leadership incubator is designed to identify and groom the next generation of professionals ready to…
Safaricom PLC has posted a record Sh100 billion net income for the financial year ended March 2026, marking a 67.3 per cent jump driven by strong growth in Ethiopia, M-PESA and mobile data services. Speaking during the company’s FY2025/26…
Kenya’s mountain of forgotten wealth reached new heights in 2025 as the value of unclaimed financial assets climbed to a record Sh5.182 billion. Despite this surge in available funds, the number of successful claimants plummeted by 32.7…
The Kenya National Highways Authority (KeNHA) has unveiled new designs for the proposed Nithi Bridge, marking a decisive move to curb the frequent road accidents that have long plagued the black spot. Documents shared by KeNHA detail a…
