Latest business stories from across Kenya.
NCBA Group posted a 9% rise in first-quarter profit as higher income from lending and digital banking offset a sharp increase in credit-loss provisions amid a volatile operating environment. The Nairobi-based lender said profit after tax…
The government has launched a major crackdown on milk hawking across the country, declaring the unregulated sale of raw milk a danger to public health and a major obstacle to Kenya’s dairy industry growth. Speaking during the flagging off…
Kenya’s electric mobility sector registered a 179pc increase in power demand signaling steady rise in adoption of electric powered vehicles. Official data shows that the electricity demand in the sector rose from 2.8 gigawatt-hour (GWh) in…
Kakuzi has acknowledged the growing international market risks facing the firm and Kenyan export agriculture, necessitating strategic diversification of products and markets. Speaking at the Nairobi Securities Exchange (NSE) listed firm’s…
KCB Group recorded Ksh24.4 billion in pre-tax profit for the first quarter ending March 31, 2026, representing a 15.3% growth, compared to Ksh21.2 billion a similar period last year.
KCB Group’s Q1 2026 pre-tax profit hit KES 24.4 billion as mobile lending, regional subsidiaries, and improved asset quality drove growth.
Tribe Hotel is a five-star boutique design hotel located in Nairobi’s Gigiri diplomatic district near the United Nations offices, the US Embassy, and Karura Forest. The Hotel is a family-owned five-star boutique hotel in Nairobi, operated…
Running a commercial farm in 2026 is tougher than ever. Labour constraints, increased input costs, and slim margins are challenging operators from all sides. The operations that are thriving are those doing more with less… And that means…
The National Assembly has begun formal consideration of a proposal by Kiharu Member of Parliament Ndindi Nyoro to reduce fuel prices. Nyoro’s proposal seeks to remove some taxes and levies on petroleum products, targeting both Value Added…
Fish traders in the new Homa Bay fish market have raised concerns over high cost of transport due to spiraling cost of fuel. The fish mongers lamented that the high cost of transporting fish from the beaches to the market was wiping off…
Several traders in Murang’a town suffered huge losses after what started as peaceful protests against high fuel prices Monday morning, quickly turned into chaotic running battles between protesters and police extending late into the night,…
A group of over 50 youth in Changamwe sub-county have turned the stringent moisture-content rejection criteria imposed by local grain millers into a thriving, self-sustaining informal employment venture. The youth, operating under the…
Qatar Airways is expanding its African network, with flight resumptions and frequency increases launching from 16 June 2026. Boosting connectivity across Africa, the airline will restart four weekly flights to Seychelles (SEZ) and two…
The African Development Bank Group (AfDB) has banned a Kenyan firm and two Chinese nationals from participating in its projects for fraudulent conduct relating to last mile electricity project in Kenya. The bank handed Esiko Kenya…
The government expects construction of the Ksh 560 million Ngomeni–Mjanaheri Road to bitumen standard to be completed in December this year. The road in Magarini Sub-County is tipped to help transform the socio-economic landscape of the…
The debate around the Tobacco Control (Amendment) Bill, 2024, is intensifying as more business organisations raise concerns over some of the proposals contained in the law currently before the Senate. The latest lobby group to oppose…
The Kenya Petroleum Oil Workers Union has petitioned the Capital Markets Authority (CMA) over what it describes as serious corporate governance irregularities at Kenya Pipeline Company (KPC) regarding the recruitment of the company’s…
China has confirmed that it will buy 200 Boeing jets after US President Donald Trump and his Chinese counterpart Xi Jinping met in Beijing last week. Under the deal, the US will provide China with supply guarantees for aircraft engine…
East African Cables is set for a major ownership shake-up as a new investor announces plans to acquire a 68.37 percent stake through a Share Purchase Agreement signed on May 19, 2026. According to the public announcement issued under the…
The Kenya Bankers Association (KBA) has proposed a uniform 5% reduction in Pay As You Earn (PAYE) tax across all income brackets. The lobby group argues that the tax cut would boost household spending, fortify businesses, and stimulate…
The Kenya Revenue Authority (KRA) has rolled out a simplified, four-step guide to help taxpayers clear their dues through the iTax system using M-PESA. According to instructions released by the tax authority on Tuesday, May 19, the process…
The Kenya Revenue Authority (KRA) has introduced critical upgrades to its iTax platform, allowing businesses to easily claim legitimate expenses even when they lack formal eTIMS invoices. The tax authority rolled out these changes…
Sidian Group, a recently upgraded Mid-Tier Lender which has been riding on its rapidly expanding deposits, has seen its Net Earnings for Q1 2026 rise 9.0% to KSh 607.03 Million from KSh 556.94 Million over a similar period a year earlier.…
Kenya has stepped up talks with the International Monetary Fund (IMF) as the country faces growing pressure from rising fuel prices, a weakening global economy and fresh fears over instability in the Middle East. National Treasury…
