Latest business stories from across Kenya.
East African Breweries Limited (EABL) posted a 49 percent increase in net profit for the financial year ended June 30, 2026, driven by strong sales growth, improved cost management and lower financing costs. The brewer reported a profit…
The Nairobi Securities Exchange (NSE) plans to launch East Africa’s first artificial intelligence (AI)-focused exchange-traded fund (ETF) before the end of 2026. Speaking to Reuters on August 5, NSE Chief Executive Officer Frank Mwiti said…
PalmPay, an Africa-focused fintech is reportedly preparing for a potential Hong Kong initial public offering (IPO), according to a Bloomberg report, as the fintech looks to raise fresh capital to support its international expansion and…
Stanbic Holdings Plc has recorded a sluggish growth in Net Profit up 0.96% to KSh 6.6 Billion, for the six months’ period ended June 2026. The lender, a subsidiary of Standard Bank South Africa saw its operating Income rise 2.45% to KSh…
Absa Bank Kenya‘s Absa Asset Management has received approval from Kenya’s Capital Markets Authority (CMA) to launch two global multi-asset special funds, expanding its investment products as demand for diversified wealth management…
Moove has secured $250 million in a Series C funding round, pushing its valuation to $2.1 billion. The funding round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, alongside Ion Pacific. New…
Facebook owner Meta says an issue during an evaluation by an independent testing company allowed one of its artificial intelligence (AI) models to connect to the internet and hack another organisation’s system. The announcement follows…
NCBA Group posted a 12.2 percent increase in net profit during the first half of 2026, driven by stronger earnings from its Kenyan banking business and improved performance across its regional subsidiaries. The lender reported a profit…
Transsion, maker of TECNO, Infinix and itel, expects 45% higher half-year profit after raising phone prices while selling fewer units.
The Kenya Revenue Authority (KRA) has rolled out new cargo declaration requirements for exporters shipping goods to Kenya, requiring them to obtain an Advance Cargo Declaration (ACD) reference code before dispatching cargo. The updated…
Nominated Senator Hezena Lemaletian faces the potential auction of her household goods after auctioneers stepped in to enforce a court decree stemming from a unpaid landscaping contract. Viewline Auctioneers served the senator with a…
Spotify has reached 777 million users worldwide, including 300 million paying subscribers, as the audio streaming company released its second-quarter 2026 results and continued expanding its global platform. Spotify said its service now…
Career and college planning are extremely important when it comes to preparing your future. And since you don’t want to take your career for granted, the most important thing is to assess and manage your academic records effectively. Here…
Artificial intelligence is continuing to integrate itself in a variety of different niches, each with their own pros and cons. But as you will notice from most of the best regulated brokers on the market, AI is a part of the financial…
The DPP has charged NCBA, KCB and Co-operative Bank CEOs with failing to report suspicion over KES 363 million. Plea 11 August.
NCBA Group has reported a 12.2 per cent increase in net profit for the first half of 2026, helped by higher lending, strong growth in digital banking and improved earnings from its regional subsidiaries. The lender posted a profit after…
Reuters says Kenya could supply US$500 million of Dangote’s US$5 billion refinery IPO. Here is how Kenyans would buy in.
Kenya’s communications regulator says it received a total of 670 complaints from consumers regarding service quality in the fourth quarter ended June this year with telecommunications firms taking up the largest share. Latest data by the…
Fintech lender 4G Capital has partnered with the International Finance Corporation (IFC) under a new risk-sharing initiative aimed at expanding access to financing for Kenya’s micro, small and medium-sized enterprises (MSMEs), particularly…
For many engineers, fish farming is the last place to imagine getting a job. Yet that’s exactly where Elizabeth Gakinya, a telecommunications engineer, started off. From her electrical and electronic engineering studies, she has,…
Companies in Kenya booked additional workforce as private sector activity reported moderate improvement for the first time since February this year. Stanbic Purchasing Managers’ Index (PMI) expanded from 50.0 in June to 51.3 in last month…
The Central Bank of Kenya (CBK) has announced that investors seeking to purchase Infrastructure Bonds can use M-Pesa to make payments of up to KSh250,000. During an Infrastructure Bond investor briefing on Wednesday, August 5, 2026, CBK…
South Korean police have raided the national headquarters of Starbucks over defamation claims surrounding a controversial marketing campaign. Starbucks Korea had in May launched a coffee tumbler promotion called “Tank Day” on the…
Kenya’s tech giant, Safaricom, has explained why some customers who save through M-Shwari may still not receive a loan limit in response to a customer’s inquiry on August 5. The clarification came after a customer identified as Princ…
