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Latest business stories from across Kenya.

KCB, Mastercard Roll out Islamic Finance Payments Solution
KahawaTunguBusiness

KCB, Mastercard Roll out Islamic Finance Payments Solution

KCB Bank has partnered with Mastercard to deploy an Islamic finance payments solution for customers under the Sahl Banking offering. The Bank has rolled Sahl Card to give customers a convenient and secure, platform to manage their spending…

2 min read
Kenya Overhauls Bank Licence Fees for First Time in 33 Years
The Kenya TimesBusiness

Kenya Overhauls Bank Licence Fees for First Time in 33 Years

The Central Bank of Kenya (CBK) has overhauled the bank licence fee structure for the first time in 33 years, replacing the long-standing branch-based charging system with a new model l tied to financial institutions’ gross annual revenue.…

3 min read
CBK Bags Ksh57.8B in Oversubscribed Bond Sale
Business Today KenyaBusiness

CBK Bags Ksh57.8B in Oversubscribed Bond Sale

Investors poured billions of shillings into the government’s latest Treasury bond sale. Still, the Central Bank of Kenya (CBK) turned away a significant portion of the money after evaluating the bids, accepting Ksh 57.78 billion out of…

3 min read
Harambee DT SACCO Hit by Ksh230M Write-Off as KUSCCO Crisis Persists
Business Today KenyaBusiness

Harambee DT SACCO Hit by Ksh230M Write-Off as KUSCCO Crisis Persists

Harambee Deposit Taking SACCO has taken a major financial hit after writing off more than Ksh 230 million linked to an unreconciled bank account, while continuing to treat over Ksh 42 million invested with the troubled Kenya Union of…

3 min read
Rift Valley: The rising coffee power in Kenya
Kenya Broadcasting CorporationBusiness

Rift Valley: The rising coffee power in Kenya

Kenya’s coffee map is shifting, one auction at a time thanks to this transformation in line with the State Department of Agriculture leadership under Principal Secretary Dr. Kipronoh Ronoh. On the buzzing floor of the Nairobi Coffee…

4 min read
CS Mbadi appoints six members to National Infrastructure Fund Board
KahawaTunguBusiness

CS Mbadi appoints six members to National Infrastructure Fund Board

Treasury Cabinet Secretary John Mbadi has appointed six members to the Board of the National Infrastructure Fund (NIF), a key government investment vehicle established to finance major infrastructure projects. In a Gazette Notice dated…

1 min read
IMF Forecasts Global Economic Growth to Slow to 3% in 2026
KahawaTunguBusiness

IMF Forecasts Global Economic Growth to Slow to 3% in 2026

The International Monetary Fund (IMF) has projected that global economic growth will slow to 3.0 percent in 2026 before recovering to 3.4 percent in 2027, citing the impact of the conflict in the Middle East and continued geopolitical…

2 min read
Ksh8.3B Port of Mombasa infrastructure project hits 50pc completion
Kenya Broadcasting CorporationBusiness

Ksh8.3B Port of Mombasa infrastructure project hits 50pc completion

A mega infrastructure project valued at Ksh8.3 billion is steadily taking shape at the Port of Mombasa, the ambitious development is expected to significantly enhance cargo mobility, safety and operational efficiency at the country’s…

3 min read
How Safaricom Is Investing in Communities
KahawaTunguBusiness

How Safaricom Is Investing in Communities

For many companies, community investment is measured by the amount donated to charity. Safaricom is increasingly measuring it by something different: the long-term economic opportunities it creates. As the telecommunications giant evolves…

2 min read
How Safaricom Is Preparing for the Next 25 Years
KahawaTunguBusiness

How Safaricom Is Preparing for the Next 25 Years

When investors think about growth, they usually picture new products, bigger markets or stronger financial results. Rarely do they think about governance documents. Yet some of the most consequential investments a company can make are…

2 min read
How to Check KUCCPS Placement Through SMS
The Kenya TimesBusiness

How to Check KUCCPS Placement Through SMS

The Kenya Universities and Colleges Central Placement Service (KUCCPS) has begun notifying successful applicants of their university placements through SMS. In a statement on July 8, KUCCPS announced that successful applicants will receive…

2 min read
Motor Insurance Bleeds Ksh8.2B as Claims and Fraud Hit Kenyan Insurers
Business Today KenyaBusiness

Motor Insurance Bleeds Ksh8.2B as Claims and Fraud Hit Kenyan Insurers

The Insurance Regulatory Authority (IRA) has revealed that Kenya’s motor insurance business is becoming increasingly difficult to sustain, with insurers recording billions of shillings in losses as rising claims, fraud and soaring vehicle…

4 min read
Why Fake M-Pesa Payment Scams Are Becoming Harder
KahawaTunguBusiness

Why Fake M-Pesa Payment Scams Are Becoming Harder

Kenya’s mobile money ecosystem has become one of the world’s most successful digital payment networks, processing billions of shillings every day. Yet as more businesses embrace cashless payments, fraudsters continue searching for the…

2 min read