Latest business stories from across Kenya.
Aliko Dangote, a Nigerian billionaire widely recognized as Africa’s richest man, has expressed his plan to venture into the construction of a 650,000-barrel-per-day oil refinery in Kenya, preferably in Mombasa County. Aliko’s preference…
Choosing a remote desktop server is a big decision for traders. The right one does more than just let you access your trading platform from anywhere. It helps you stay connected, keep your setup stable, and manage trades without depending…
Kenya Pipeline Company(KPC) Next Chief Executive Officer/Managing Director must have the nod from Uganda National Oil Corporation(UNOC) before appointment is done. Uganda has gained direct influence over the appointment of the next Kenya…
Prime Cabinet Secretary and Foreign and Diaspora Affairs Cabinet Secretary Musalia Mudavadi has said the upcoming Africa Forward Summit 2026 will focus on unlocking investments, creating jobs and positioning Africa as a driver of global…
Kenya’s Treasury has explained the rationale for the proposed changes to the Kenya Revenue Authority (KRA) tax-filing return deadlines in the Finance Bill 2026. According to the Ministry, the changes are aimed at improving efficiency in…
Inside a modest coffee processing plant on the outskirts of Nairobi, the Kenyan capital, workers sort and package freshly processed Arabica coffee beans for export, with a portion of the green beans destined for the Chinese market. For…
A long-standing hot dog institution in California has closed its doors after eight decades of serving customers, marking the end of an era for one of the region’s most recognisable food brands. Caspers Hot Dogs shut down its Richmond,…
The Kenya Revenue Authority (KRA) has announced a four-hour temporary shutdown of its iTax system to allow for scheduled maintenance. In a public notice issued on Friday, the tax authority said the maintenance exercise will begin on…
The Kenya Revenue Authority has announced a scheduled maintenance exercise on its iTax system that will temporarily disrupt online tax services on Sunday, May 10, 2026. In a notice, the tax authority said the maintenance will run for four…
Once, it may have made perfect sense to lease out a vehicle rather than own it outright. However, there comes a time when you may have to rethink your strategy and seek out companies that buy out leases. Auto market trends are constantly…
Most phones weren’t built with older adults in mind – and it shows. Devices like the Jitterbug Smart4 exist precisely because the standard smartphone, with its tiny icons, dense settings menus, and assumption that users already know what…
Airtel Africa Net Profit improved to US$813m from $328m in the prior period. Higher profit after tax in the current period was driven by higher operating profit and derivative and foreign exchange gains of US$127m compared to US$179m…
Central Bank of Kenya(CBK) received bids worth KSh 106 Bn from the triple bond auction happening in the month of May and accepted KSh 94 Bn out of the KSh 80 Bn Offered, an oversubscription of 132.5% The Central Bank of Kenya was investors…
The impact of the Iranian war is fast trickling into households in Kenya after prices of basic produce in the local markets sharply increased beyond their purchasing power. A spot check by the Kenya news agency paints a gloomy picture as…
When was the last time you tried a new restaurant, mechanic, or hair salon because a friend recommended it? Chances are, it wasn’t a flashy TV advert or a random Instagram post that convinced you; it was someone you trust saying, “You…
Investors in the electric-mobility sector are eying increased investments from France during the upcoming Africa Forward Summit 2026 to accelerate adoption of e-bikes across the country. Local e-bike manufacturer Teketeke Managing Director…
Stanbic Bank Kenya has reported a steady performance for the first three months of 2026, posting a 5 per cent increase in profit after tax to Ksh 3.5 billion for the quarter ended March 2026. This compares to Ksh 3.3 billion recorded over…
Stanbic Bank profit after tax has risen to Kh 3.5 billion in the first quarter of the year boosted by higher earnings from loan interests. According to the lender, the 5pc profit jump from Ksh 3.3 was on account of net interest income…
The Capital Markets Authority (CMA) has raised the alarm over a fresh surge in investment scams targeting unsuspecting Kenyans, warning that fraudsters are increasingly posing as licensed firms to lure victims with promises of quick, high…
Food delivery platform Glovo has announced plans to invest 10 billion shillings in Kenya by the year 2030 in an expansion drive that is expected to double the workforce to 1,200. Glovo Kenya Managing Director Caroline Mutuku says the new…
The unveiling of the Finance Bill 2026 has ignited a fierce national debate as Kenyans confront a legislative agenda that appears to prioritize aggressive revenue collection over the economic stability of ordinary citizens. Rather than…
Oil prices rose on Friday in Asia after the US and Iran exchanged fire in the key Strait of Hormuz waterway. The US military said it intercepted what it called “unprovoked” Iranian attacks – including missiles, drones and small boats – and…
Kenya’s journey toward becoming an oil-exporting nation is nearing a major milestone. Energy and Petroleum Cabinet Secretary Opiyo Wandayi announced that the country expects to launch commercial oil production by the end of this year.…
Kenyans may soon face higher costs for digital government services as the National Treasury moves to overhaul the eCitizen pricing structure. A new proposal suggests replacing the current flat convenience fee with a tiered system that…
