Latest business stories from across Kenya.
A phone rings. The caller confidently introduces themselves as a Safaricom customer care agent before delivering alarming news: your line is about to be blocked, your M-PESA account has been compromised, or you’ve won a promotion that…
The biggest threat to your finances is not always a low salary. Sometimes, it is a higher one. As many young professionals earn more, they also begin spending more. The apartment gets bigger, weekends become pricier and little luxuries…
German Car Manufacturer Volkswagen has announced plans to cut about 50,000 jobs as part of a major restructuring programme. In an internal memo sent tot the employees on July 13, Volkswagen CEO Oliver Blume stated that the company aimed to…
The national government has asked the High Court to temporarily stop the hearing of a landmark petition questioning how Kenya accumulated and managed more than Ksh 6.9 trillion in public debt, arguing that the matter is already being…
Tanzania’s richest businessman, Mohammed Dewji, has announced plans to invest $100 million (about Sh12.9 billion) in Aliko Dangote’s proposed oil refinery in Lamu, strengthening support for one of East Africa’s largest planned energy…
Red Dot Distribution has announced new leadership changes with Nishad Mairal taking over as the new Chief Executive Officer (CEO) of the company and Munir Bharwani taking over as Managing Director. According to the company, Bharwani will…
The Court of Appeal has upheld a ruling that Consolidated Bank of Kenya unfairly dismissed a senior employee, finding that the lender failed to follow its own disciplinary procedures and did not establish valid grounds for terminating his…
The US launched a new attack on Iran on Sunday evening, continuing days of strikes between the two countries. Iranian state media reported that the strikes killed one person in southwestern Iran, while four were injured. Within hours of…
The World Bank has warned that Kenya’s heavy reliance on borrowing to finance economic growth is no longer creating enough quality jobs and is instead placing increasing pressure on the country’s private sector, which it says should be the…
Gold and silver CFDs are commonly used in the trading market, but at times it can be difficult to choose between the two, especially when at various phases of the market cycle one metal provides a better indication. In this article, we…
In the financial world, the success of a business is measured on a balance sheet through net margins, customer acquisition costs, and return on investment. But in communities bordering ecologically sensitive zones like the Maasai Mara,…
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Kenya is set to have eight new television stations following applications lodged with the Communications Authority of Kenya (CA). In Gazette Notice No. 10603, under the Kenya Information and Communications Act (Cap. 411A), new entrants are…
The Dubai Department of Economy and Tourism (DET) hosted its annual tourism trade roadshow in Nairobi to strengthen partnerships with Kenya’s travel industry. According to the organizers, the event forms part of DET’s ongoing engagement…
Hello, Janeffer here. Welcome to today’s edition of The Business Roundup. In this edition, we focus on these three top stories: Why Dangote Settled for Lamu to Build Oil Refinery NIF Board: Profiles of Ruto’s Singapore Team Safaricom…
Samsung Electronics on Saturday unveiled its 2026 television line up in Kenya, introducing its new Mini LED TV range. The new range is designed to deliver brighter pictures, richer colours, larger immersive screens and smarter AI-powered…
Safaricom has reported growth in the number of Kenyans using its Fuliza overdraft service and Pochi la Biashara platform compared to ever before, with the company attributing the growth in Fuliza to improved access to credit, stronger…
Harambee Sacco has suffered a legal setback after the Court of Appeal declined to extend the time for the Sacco to pursue an appeal in a long-running land dispute, leaving intact orders requiring it to transfer three Nairobi properties to…
Safaricom Chief Executive Officer (CEO) Peter Ndegwa earned KSh324.5 million in total remuneration during the financial year ended March 31, 2026. According to the company’s 2026 Annual Report, Ndegwa’s total remuneration included a…
The European Union has ordered Meta to change what it describes as addictive design features on Facebook and Instagram, saying the company risks violating the bloc’s digital rules unless it makes major changes to how its platforms operate.…
Telecommunication giant, Safaricom reduced its workforce during the financial year ended March 31, 2026, even as it recorded gains in gender diversity, disability inclusion and employee engagement, according to its latest Annual Report.…
Kenya’s economy grew faster in the first quarter of 2026 than it did a year earlier, with the Kenya National Bureau of Statistics reporting real GDP growth of 5.3 per cent, up from 4.9 per cent in the same period of 2025. Every sector of…
Today, students can apply for a loan entirely online – no bank branch, no printed paperwork, no waiting in line. Digital lending platforms have made it possible to submit an application, receive a decision, and access funds within hours,…
Africa’s richest man, Aliko Dangote, has built a multi-billion-dollar investment portfolio spanning several countries and industries, making him one of the continent’s biggest private investors. Dangote Group has investments across more…
The Kenya National Highways Authority (KeNHA) has given traders and other illegal occupants along the Ruiru–Githunguri–Uplands (B116) Road 30 days to vacate the road reserve to pave the way for road safety improvements and infrastructure…
