Latest business stories from across Kenya.
In a major leadership move within East Africa’s financial sector, I&M Group PLC has announced the appointment of Abdi Mohamed as the new Chief Executive Officer of I&M Bank Kenya. The high-profile appointment is currently awaiting…
Fly748.com has committed Ksh 3 million towards a charity initiative aimed at improving the lives of vulnerable senior citizens, joining a growing number of Kenyan companies using corporate partnerships to tackle social challenges. The…
Absa Bank Kenya PLC has announced that Managing Director and CEO Abdi Mohamed will resign from his position, effective June 30, 2026, to pursue other career opportunities. To ensure continuity, the Board has appointed the bank’s current…
For over a decade, Kenya has stood as the global poster child for mobile money innovation. Yet, beneath the soaring transaction volumes of M-PESA lay a persistent economic nuance: while mobile wallets bridged basic financial divides, a…
Absa Bank Kenya has confirmed the resignation of Abdi Mohamed as Managing Director and Chief Executive Officer, effective 30 June 2026, closing out a 3-year run at the helm of one of Kenya’s largest lenders. In a statement issued on June…
The Board of Absa Bank Kenya PLC has announced the resignation of its Managing Director and Chief Executive Officer, Abdi Mohamed, with effect from June 30, 2026. In a statement, the lender thanked Mohamed for his leadership and…
Kenya’s efforts to tighten tobacco regulations are facing fresh resistance from businesses, with traders warning that some of the proposed measures could end up strengthening the illegal cigarette market instead of protecting public…
President William Ruto on Monday assented to the County Allocation of Revenue Act, 2026, paving the way for the disbursement of Sh428 billion to the country’s 47 county governments for the 2026/27 financial year. The signing ceremony was…
The board of directors has announced the resignation of Absa Bank Kenya CEO Abdi Mohamed, who doubled as Managing Director, effective 30th June 2026.
Savings and Credit Cooperative Societies (SACCOs) increased lending for land purchases and housing to Sh33.74 billion in the first three months of 2026, reflecting growing demand for property financing. According to the Regulated SACCO…
Where should you keep your money if you want it to grow? Walk into almost any Kenyan shopping centre, market, bus station, or office and ask one simple question: “Where do you keep your savings?” Many people will answer, “M-Pesa.” And…
The TRIFIC Green USD Income Real Estate Investment Trust (I-REIT) has been listed on the Nairobi Securities Exchange (NSE) after its public offer raised $30.8 million (Sh4 billion), surpassing its target of $29.8 million (Sh3.9 billion)…
Before Kenya could secure one of the region’s biggest industrial investments, Tanzania had already moved to strengthen its ties with Africa’s richest man. President Samia Suluhu has held fresh talks with Nigerian billionaire Aliko Dangote…
Absa Bank Kenya Chief Executive Officer (CEO) Abdi Mohamed has resigned after serving just over three years at the lender. Following the changes, Chief Finance Officer Yusuf Omari will take over as interim CEO pending the appointment of a…
(CBK) Central Bank of Kenya, the government’s fiscal agent is seeking KSh 70 billion through re-opened 10, 20 and 30-year fixed-coupon Treasury bonds for budgetary support. This happens just days before the 2025/25 fiscal year comes to a…
The Government has announced an ambitious plan to rehabilitate and modernise Wilson Airport following growing concerns over deteriorating infrastructure, aging facilities and aviation safety at Kenya’s busiest domestic airport. Appearing…
The Trademark Hotel is a four-star hotel in Nairobi’s Gigiri area, and home to Hero Bar, which was named Best Bar in Africa at the World’s 50 Best Bars Awards 2025, bringing continental recognition to the establishment. The hotel also…
President William Ruto Saturday launched the Revised Micro, Small and Medium Enterprises (MSME) Policy 2026 during the World MSME Day 2026 celebrations held at the Kenyatta International Convention Centre (KICC), marking a significant…
The Kenya Revenue Authority (KRA) has responded after dozens of taxpayers reported difficulties resetting their passwords and accessing accounts on the iTax portal. In a response to affected users on X, KRA has attributed widespread…
The government is implementing more than 400 kilometres of road projects worth Ksh25B in Nyandarua County as part of efforts to improve infrastructure and enhance connectivity across the region. Transport and Roads Cabinet Secretary Davis…
At a time when artificial intelligence is rapidly redefining the future of enterprise, Kenyan business leaders are being urged to move beyond experimentation and begin embedding Al into the heart of their operations or risk falling behind…
President Donald Trump threatened on Friday, June, to impose a 100% tariff on all goods from any country the moves ahead with a digital services tax on American companies. The sharp warning came just a day after European Union countries…
Williamson Tea Kenya, a listed agricultural firm at the Nairobi Securities Exchange(NSE), has delivered a strong earnings turnaround to KSh 120.8 million at the close of its financial year ended 31st March 2026. This is compared to a net…
The government’s plan to reduce its shareholding in Safaricom has received a major boost after the Court of Appeal lifted orders that had temporarily halted the multi-billion-shilling transaction, clearing the way for the sale of a 15 per…
