Latest business stories from across Kenya.
Java House has officially opened its 110th branch in Thindigua, Kiambu County. The new outlet marks another milestone for the company as it targets growing residential hubs along Nairobi’s northern corridor. Thindigua, situated along the…
Britam Connect and Minet Kenya Insurance Brokers have introduced Bima ya Wafanyikazi, a comprehensive medical cover designed specifically for Kenya’s domestic and informal workforce. The cover starts at just Ksh. 336 per month. Domestic…
Absa Bank Kenya has announced that it has advanced over Ksh. 204 billion in sustainable finance between 2022 and 2025. The milestone, detailed in the newly unveiled Absa Bank Kenya PLC 2025 Sustainability and Climate Report, cements the…
What was originally scheduled as a routine 20-hour system upgrade turned into a prolonged four-day digital blackout for Kenya’s business community before services were quietly restored, leaving taxpayers and business owners in the dark…
When Standard Chartered Bank Kenya presented its full-year financial results in 2024, leadership showcased a 15% growth in Profit Before Tax to Ksh. 19.7 billion, alongside a 32% jump in net interest income. To hear executives tell it,…
Safaricom has begun automatically transferring funds from archived, inactive M-PESA accounts back to their rightful owners. The move addresses funds left in mobile wallets associated with SIM cards that became dormant or were deactivated…
The Kenya Revenue Authority (KRA) has outlined the process taxpayers can follow to cancel their Personal Identification Number (PIN) or deregister a tax obligation through the iTax system. A PIN cancellation may be necessary when a…
Mining operations of Africa’s largest soda ash manufacturer Tata Chemicals Magadi Limited have been suspended with immediate effect. Mining Cabinet Secretary Hassan Joho has ordered the suspension of the firm for being non-compliance with…
De La Rue EPZ Kenya Limited, a cash minting business that is majority owned by Switzerland-based Thomas De Rue AG, has picked on Michael Joseph, former top executive and board chairman at Safaricom and Kenya Airways, to sit in its…
Thousands of Kenyans are set to benefit after KCB Bank Kenya secured a US$100 million (KSh12.9 billion) financing facility from the European Bank for Reconstruction and Development (EBRD) to expand lending to micro, small and medium…
The National Assembly Departmental Committee on Lands has begun scrutinizing proposed amendments to the Land Act that would significantly shorten the timelines for lenders to enforce loans and sell properties under Kenya’s Affordable…
The Kenya Bureau of Standards (KEBS) has defended its decision to clear a controversial consignment of imported raw sugar, telling lawmakers that it relied on inspection reports from its contracted inspection firm in South Africa.…
The Public Petitions Committee has called for the simplification and wider dissemination of public debt and audit reports to improve citizens’ understanding of public finances and promote meaningful participation in debt governance. The…
Foreign investors, Kenyan institutions and individual shareholders own stakes in companies listed on the Nairobi Securities Exchange (NSE), with shareholding varying across sectors such as banking, telecommunications, energy, manufacturing…
The Trump administration on Tuesday announced a ban on new foreign-made humanoid robot imports to the US over “unacceptable risks” to America’s national security. The move applies to advanced robots – including humanoid and four-legged…
Former Safaricom CEO Michael Joseph has landed a role at giant money printer De La Rue. Joseph has been appointed to the board of De La Rue Kenya EPZ Limited, joining the company following changes in its ownership and governance structure.…
China has approved Standard Bank Group and the Industrial and Commercial Bank of China (ICBC) to operate Africa’s first Renminbi (RMB) clearing hub, a move expected to make trade and cross-border payments between China and African…
Kenya Reinsurance Corporation (Kenya Re) has retained its international and national financial strength ratings after GCR Ratings, an affiliate of Moody’s Ratings, reaffirmed the reinsurer’s strong financial position, citing improved…
Kenya’s public debt has risen to Sh12.82 trillion, with loan repayments now consuming 71 percent of all government revenue, leaving only 29 percent to finance salaries, public services and development projects, Controller of Budget…
The Central Bank of Kenya (CBK) has published the average lending and deposit interest rates for all commercial banks across the country for June 2026. According to the CBK report released on July 29, the overall average lending rate…
Nairobi Governor Johnson Sakaja has confirmed plans to build a modern garage to relocate mechanics currently operating in Grogon. He made the announcement on Monday, July 27, after holding separate consultative meetings with…
Counties have been warned against rushing through spending or leaving behind unpaid bills as the country moves closer to the end of the current devolved government term, with the Controller of Budget promising tighter oversight over public…
Deputy President Kithure Kindiki says Kenya is ramping up efforts for the establishment of the East Africa oil refinery as it builds consensus with regional partners on the most suitable location for the multi-trillion shilling investment.…
Commercial banks in Kenya could help unlock thousands of sustainable jobs through innovative financing solutions targeting key green sectors of the economy. Environment Principal Secretary Dr Festus Ng’eno has said banks are best placed to…
