Latest business stories from across Kenya.
April 2026 S&P Global Market Intelligence data show that the largest 100 global banks had total assets of USD 132.5 trillion. China has 21 banks; the USA has 12; Japan has 8; Canada has 6; France has 6; the UK has 6; South Korea has 5;…
Former Kenya Association of Manufacturers (KAM) National Chairman and Kzanaka Group Chief Executive Officer, Mucai Kunyiha, has been elected President of the COMESA Business Council (CBC), placing a Kenyan business leader at the helm of…
Westcon-Comstor has announced a pan-African distribution agreement with BeyondTrust. The deal is the first dedicated distribution partnership for BeyondTrust for Africa and follows an existing relationship between the two companies in the…
The National Assembly’s Public Investments Committee on Governance and Education has ordered fresh investigations into the construction of a 1,000-bed students’ hostel at Jaramogi Oginga Odinga University of Science and Technology (JOOUST)…
President William Ruto has launched the second phase of the National Youth Opportunities Towards Advancement (NYOTA) programme’s business support component, with the government disbursing more than Sh3 billion to over 122,000 young…
A private-sector-led dual apprenticeship programme that has trained over 400 young people in Nairobi has expanded to Mombasa, with organizers targeting at least 280 apprentices in its first cohort in the coastal city. The Propela Dual…
M Oriental Bank has appointed veteran banker Aristarichus Kuria Weru as its new Managing Director and Chief Executive Officer. Kuria assumed office on June 5, 2026, subject to regulatory approvals, succeeding Nitin S. Shendye as the bank’s…
Old Mutual has extended its nationwide Financial Wellness Drive to the Coast region, pitching camp in Mombasa this week to deliver practical financial education, expert advisory services, and tailored financial solutions to local…
The Kenya Ports Authority (KPA) has defended the Ksh 8.3 billion infrastructure project at the Port of Mombasa following criticism that the amount being spent is too high for what has been described as a road construction project. KPA says…
Kenya’s commercial banks recorded a combined pre-tax profit of Sh111.8 billion in the four months to April 2026, reflecting strong growth in lending and improved asset quality that has boosted the sector’s earnings. Data released by the…
Kenyan traders and logistics firms using Tanzanian ports and border posts may face higher clearing costs after the Tanzania Shipping Agencies Corporation (TASAC) moved to enforce minimum service fees for clearing and forwarding agents. In…
Kenyan manufacturers and exporters are set to benefit from a new government strategy aimed at increasing exports to the European Union (EU) by addressing trade barriers, improving compliance with international standards and enhancing…
President William Ruto has called for accelerated investment and stronger partnerships to ensure universal access to clean cooking across Africa. The President said nearly one billion Africans still rely on traditional fuels that threaten…
The World Bank has warned that rising global oil prices caused by the conflict in the Middle East could push between one million and 2.4 million more Kenyans below the international poverty line this year, as higher fuel costs increase the…
The Kenya Revenue Authority (KRA) plans to replace its long-standing Excel-based income tax return filing system with a web-based platform from 2027 as it implements reforms introduced under the Finance Act, 2026. According to KRA Chief…
Let me start with the number that matters most to most Kenyans. Right now, in July 2026, if you are an ordinary household consuming 100 to 300 units of electricity a month — what KPLC classifies as a Domestic 3 customer — you are paying…
The World Bank has cut its projection for Kenya’s economic growth in 2026 to 4.3%, pointing to the effects of the conflict in the Middle East. In a report released on Thursday, July 9, 2026, the lender said the new forecast is 0.6…
The Higher Education Loans Board (HELB) plans to partner with the Kenya Revenue Authority (KRA) as it steps up efforts to recover unpaid loans from people in the informal sector. Speaking during a KTN interview on July 8, HELB chairperson…
Safaricom is set to undergo significant corporate changes following Vodacom’s increase in ownership to 55%, with shareholders expected to vote on the revised Articles of Association at the company’s AGM on 31st July 2026. Safaricom…
The National Assembly’s Public Investments Committee on Governance and Education has ordered fresh investigations into the construction of a 1,000-bed students’ hostel at Jaramogi Oginga Odinga University of Science and Technology (JOOUST)…
Chairperson of the President’s Council of Economic Advisors, David Ndii, has explained why Dangote’s planned 700,000 barrels-per-day (bpd) single-train refinery could not be built in Isiolo. Ndii was responding to a social media user who…
For many years, agriculture was regarded by many young people as a last resort, an occupation for those who could not secure formal employment. However, in Vihiga County a new generation of young agripreneurs is changing that perception by…
The Capital Markets Authority (CMA) has announced the registration of two new umbrella unit trust schemes alongside several additional sub-funds across four existing schemes. This initiative aims provides Kenyan investors with access to a…
The Capital Markets Authority (CMA) has announced that it has granted operational licenses to four new market entrants. The new licenses span diverse sectors including investment advisory, Shariah-compliant real estate management,…
