KCB Fired 94 Staff for Fraud Since 2024. Strong Discipline, or a Warning Sign?
KCB has fired 94 staff over fraud in two years (60 in 2025, 34 in 2024). The bank says its controls are working. Critics say it’s a red flag.
4 min read
Business
Latest business stories from across Kenya.
Kenya and Canada Advance Labour Mobility Framework for Thousands of Workers
Kenya and Canada are working toward creating a formal Labour Mobility Framework that would set up structured pathways for thousands of Kenyan workers to find jobs in the North American country. The effort has picked up speed through a…
2 min read
KRA Issues New Shuru Tax Filing Warning as P9 Mismatches Affect Kenyan Taxpayers
Taxpayers whose details on the Shuru WhatsApp tax filing platform do not match the information on their P9 forms received guidance from the Kenya Revenue Authority (KRA) to stop using the platform when submitting their returns. KRA told…
2 min read
Murang’a industrial park gains momentum as investors secure land leases
Murang’a County government’s move to become an industrial hub received a boost after six companies were issued with allotment letters for land at the Murang’a Industrial Park, with more than half of the available space already taken up by…
2 min read
Mood, Baba Yaga, Money Fest and Other Matatus Linked to George Ruto’s 98 SACCO
George Ruto, the youngest son of President William Ruto, launched 98 Matatu SACCO on June 17, 2026, marking his formal entry into the matatu SACCO business. The 98 SACCO forms part of his growing transport venture, popularly known as the…
3 min read
EAPCC Net Earnings Up 377% to KSh 5.5Billion in 2025
(EAPCC)East African Portland Cement Company, a listed cement maker that is majority owned by Kalahari Cement, swung back to profitability, with net earnings rising 377% to KSh 5.53 billion. While Kenya’s consumption cement fell 7.94% in…
2 min read
Safaricom Tightens Grip on Telecom Market with 57.9M Users
Safaricom tightened its grip on Kenya’s telecommunications sector in the first three months of 2026 after attracting millions of new subscribers and extending its lead over rivals in mobile, internet and mobile money services. New data…
3 min read
South Africans Take Huge Bets on Kenya’s lucrative Banking Business
South African banks are at the forefront of African lenders seeking for a foothold in Kenya’s lucrative banking business. A similar zeal is being displayed by West African lenders-led by Nigerian banks with Zenith as the latest entry after…
3 min read
How Kenyans Can Fix Errors After Submitting Tax Returns
Kenyans who could have omitted information or made errors in their tax filings can still correct their returns through the Kenya Revenue Authority (KRA) iTax system before the June 30 deadline. If you discover an error in the income…
2 min read
Chivayo Links to JKIA Deal Clarified and Absa Group Eyes Major Stake of Absa Kenya
Hello, Janeffer here. Welcome to today’s edition of The Business Roundup. In this edition, we focus on these three top stories: Kenya’s Response to Zimbabwean Billionaire Wicknell Chivayo’s Links to JKIA Upgrade Absa Group Offers KSh…
4 min read
Amahoro Fellowship: Women Lead Refugee Entrepreneurs
Women comprise the majority of the latest intake of refugee and displaced entrepreneurs selected for the Amahoro Fellowship Programme, with 24 out of 41 fellows being female. The Amahoro Fellowship supports refugee and displaced…
1 min read
Safaricom Explains How Users Can Refresh Fuliza M-PESA Limits
Safaricom has explained how customers can request a review of their Fuliza M-PESA limits. The clarification follows complaints from users on social media who said they were unable to access the overdraft service due to zero borrowing…
2 min read
Kitui Senator Raises Concern Over Farmers’ Exploitation by Brokers
Kitui Senator Enoch Wambua has sought the intervention of the Senate Standing Committee on Agriculture, Livestock and Fisheries over alleged exploitation of farmers in Kitui County by brokers and middlemen during the sale of agricultural…
1 min read
Hope for Kenyan Consumers as Global Oil Prices Fall by Ksh 1,300 Per Barrel
Kenyan consumers could soon benefit from lower fuel costs after global oil prices declined sharply in the week ending June 18, 2026, according to the latest weekly market bulletin from the Central Bank of Kenya (CBK). The CBK reported that…
3 min read
Airtel Money Customers Gain Access to 22,000 KCB Agents in New Partnership
Airtel Money customers will now be able to deposit and withdraw cash through more than 22,000 KCB Bank Kenya agents nationwide following a new partnership between the two firms aimed at expanding access to mobile financial services. Under…
2 min read
Stanbic Disburses Sh1.8 Billion for Affordable Housing Projects
Stanbic Holdings disbursed Sh1.8 billion towards affordable housing projects in 2025, underscoring the growing role of financial institutions in supporting home ownership and housing development across Kenya. According to the group’s 2025…
1 min read
Cancer Care Kenya Revenue Surges 71% on Rising Demand for Oncology Services
Cancer Care Kenya, the operator of the HCG Cancer Centre in Nairobi, recorded a 71 percent increase in revenue in the financial year ended March 31, 2026, driven by growing demand for cancer treatment services and a rise in patient…
1 min read
NSE Introduces Options on Futures Contracts for Six Listed Stocks. A Brief Explainer
The Nairobi Securities Exchange (NSE) has announced the launch of Options on Single Stock Futures (SSF) contracts for: Safaricom PLC (SCOM) KCB Group PLC Equity Group Holdings PLC (EQTY) Co-operative Bank of Kenya (COOP) I&M Holdings PLC…
2 min read
Paul Muthaura: The London School Graduate Appointed CEO of American Chamber of Commerce Kenya
Paul Muthaura, the Chief Executive Officer of the American Chamber of Commerce Kenya (AmCham Kenya), is a lawyer, business executive, and financial-sector leader known for his experience in capital markets regulation and sustainable…
5 min read
CBK Raises Ksh35.74bn in Strong Treasury Bill Auction Demand
A strong appetite for government debt pushed the latest Treasury bill auction above expectations, with the government raising Ksh 35.74 billion against an offer of Ksh 24 billion, according to data released by the Central Bank of Kenya on…
2 min read
CBK: More Farmers Turning to Produce Buyers for Financing
The CBK Agriculture Sector Survey has revealed a sharp rise in the number of farmers relying on buyers of farm produce for financing, highlighting the growing importance of value-chain lending in Kenya’s agricultural sector. According to…
2 min read
Women, Youth Encouraged to Bid as 169 Local Suppliers Bag KSh3.1 Billion in Tenders
Britam Holdings Plc engaged 169 local suppliers and spent more than KSh3.1 billion on procurement in 2025, demonstrating its commitment to strengthening local businesses and driving economic growth. According to the company’s 2025…
3 min read
MPs Raise Concerns Over Proposed Stablecoin Rules, Warn Against Stifling Innovation
The National Assembly’s Committee on Delegated Legislation has raised concerns that proposed regulations governing stablecoins could hinder innovation, weaken Kenya’s competitiveness as a regional financial technology hub and drive…
2 min read
MPs Urge REREC to Strengthen Coordination With Constituency Offices on Electrification Projects
The National Assembly’s Decentralised Funds Accounts Committee (DFAC) has called on the Rural Electrification and Renewable Energy Corporation (REREC) to enhance communication and collaboration with constituency offices during the…
2 min read