Latest business stories from across Kenya.
Kenya’s efforts to manage its growing debt obligations have taken another step forward after the Central Bank of Kenya (CBK) invited investors to swap a Treasury bond maturing later this year for a longer-dated security. The Ksh 10 billion…
Nuvion is plugging into Visa Direct to move business money across borders faster, to cards, accounts and wallets. The Miami startup already powers stablecoin balances for Flutterwave in Africa.
International investors will now be able to invest directly in Kenyan government securities through the Central Securities Depository (DhowCSD) following a new partnership between the Central Bank of Kenya (CBK) and global securities…
The Policyholders Compensation Fund (PCF) has paid out Sh390.8 million to policyholders and claimants affected by the collapse of insurance companies, as it begins processing compensation claims for customers of Trident Insurance Company…
When Uganda’s Consul General in Mombasa declared that the Standard Gauge Railway (SGR) linking Kenya and Uganda would cement the Port of Mombasa’s role as East Africa’s leading trade gateway, the remarks were easy to dismiss as diplomatic…
Equity Group is set to expand its insurance business in Kenya and the Democratic Republic of the Congo (DRC) after shareholders approved the establishment of three new insurance subsidiaries, subject to regulatory approvals. The expansion…
Business activities were going on as usual in Kabarnet town, the headquarters of Baringo county despite yesterday’s nationwide Gen-Z demonstrations to commemorate the second anniversary of June 25, 2024 anti-Finance Bill protests.…
The core mission of commercial banks is to mobilize deposits from economic actors (governments, MSMEs, and households) with excess cash in exchange for a savings interest rate, and to issue loans to economic actors with a shortage of funds…
Suzuki by CFAO Mobility Kenya unveiled three new vehicle models aimed at providing affordable, fuel-efficient and accessible mobility solutions for Kenyan consumers and businesses. The newly launched models — the Suzuki Super Carry, Suzuki…
CBK (Central Bank of Kenya) and Clearstream have launched a market link giving foreign institutional investors easier access to Kenyan Treasury Bonds and Infrastructure Bonds through the DhowCSD platform. Clearstream, based in Germany, is…
Kenya Re-Insurance Corporation recently held its Annual General Meeting(AGM) where shareholders concluded elections of the listed firm’s board of directors. The vote distribution tells a more interesting pattern with all the hallmarks of…
Digital lender Tala is set to lay off up to 10 percent of its workforce in Kenya as part of a global restructuring programme aimed at streamlining operations and centralising key functions across its markets. The company said the…
Kenya’s digital economy is undeniably booming. From viral TikTok creators and insightful podcasters to influential bloggers and tech entrepreneurs, the country’s creative ecosystem has evolved from a hobbyist’s playground into a legitimate…
The Central Bank of Kenya (CBK) and Clearstream have launched a new market link that will provide international investors with easier access to Kenyan government securities, a move expected to deepen liquidity and expand the country’s…
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was…
The Kenya Revenue Authority (KRA) has clarified that taxpayers unable to file VAT or PAYE returns on the iTax platform because the system shows they are not registered for these returns must first update their tax obligations. According to…
Underneath a cluster of tents in the Talek region of the Maasai Mara, a quiet but decisive shift is occurring. For generations, the career aspirations of young people living on the edge of Kenya’s most famous game reserve were…
Ecobank Kenya has appointed former Kenya Private Sector Alliance (KEPSA) Chairperson Flora Mutahi as a non-executive director, strengthening its board with one of the country’s most experienced private sector leaders. Mutahi brings more…
Business activity across Nairobi slowed sharply on Thursday as widespread security measures and fears of unrest prompted traders to keep their doors closed, highlighting the growing economic cost associated with recurring protest-related…
President William Ruto announced an increase in the duty-free allowance for returning travellers, raising the limit from Ksh. 39,000 to Ksh. 260,000. He said the change will help address concerns raised by Kenyans living and working abroad…
The Jomo Kenyatta International Airport (JKIA) expansion deal, valued at Ksh. 154.2 billion, will begin after the parties signed the contract on Tuesday. Transport Cabinet Secretary Davis Chirchir confirmed that the government awarded the…
The Kenya National Highways Authority (KeNHA) has confirmed that the government plans to introduce a toll fee on the Ksh 184 billion Rironi–Mau Summit Road project once it is completed. KeNHA said the 233-kilometre road will be built over…
When an employee leaves, especially after a difficult termination, property security needs to be handled quickly and calmly. The risk is not always malicious. Keys may be forgotten in a drawer, fobs may remain active, alarm codes may be…
Cooperative Societies have been placed at the forefront of efforts by the Kenya Government to reverse declining fortunes in the Coffee sector and restore it to the ‘Black Gold’ era of the 1970s. In an ambitious Coffee Revival Through…
