Latest business stories from across Kenya.
Nvidia has teamed up with some of Wall Street’s largest banks and investors to raise $500bn (£370bn) in capital for artificial intelligence (AI) infrastructure. The chipmaker said it had struck deals with Apollo, BlackRock, Blackstone,…
Consolidated Bank of Kenya recorded a sharp rise in profitability in the first half of 2026, with net profit increasing more than 13-fold on the back of higher interest and non-interest income. The bank’s profit after tax rose by 1,349.5…
The High Court in Nairobi has reinstated a Sh29.2 million tax assessment against Jakoline Enterprises Limited after overturning a decision by the Tax Appeals Tribunal that had cancelled the liability. The tax assessment issued by the Kenya…
Construction of billionaire Aliko Dangote’s proposed oil refinery in Lamu is expected to be financed mainly through debt, with lenders set to provide about 70 per cent of the Sh2 trillion project cost. According to Business Daily,…
Safaricom has introduced new phone number ranges, giving customers more options for prefixes. In a statement on August 10, Safaricom said the new ranges come with prefixes 0118, 0119, 0140, 0141, 0142, 0143, 0180, 0181, and 0182. This move…
Former Central Bank of Kenya (CBK) Governor Patrick Njoroge has revealed the reasons behind the closure of Dubai Bank, Imperial Bank and Chase Bank in quick succession, saying the move was necessary for the banking sector. Speaking about…
The Jomo Kenyatta University of Agriculture and Technology (JKUAT) has invited prospective suppliers, contractors, service providers and consultants to apply for registration to provide goods, works and services during the 2026/2027,…
The Tanathi Water Works Development Agency (TAWWDA) has invited suppliers and contractors to apply for registration to provide goods, services and works during the 2026/2027 and 2027/2028 financial years. In a notice issued on Tuesday,…
Kenyan taxpayers will have a chance to learn more about the country’s latest tax changes without leaving their homes, after the Kenya Revenue Authority (KRA) announced free virtual training on the Finance Act 2026. The sessions, scheduled…
President William Ruto said the government will keep using a revolving fund to finance affordable housing until every Kenyan can access a home. Speaking during the Broad-Based Government PG meeting on Monday, August 10, Ruto defended the…
The High Court delivered a landmark ruling that tightened the requirements for contesting tax bills issued by the Kenya Revenue Authority (KRA). In its recent decision, the court held that taxpayers who want to challenge KRA tax…
Consolidated Bank of Kenya has recorded a sharp improvement in its financial performance, with profit after tax rising more than 13-fold in the six months to June 2026 as the State-owned lender continued its efforts to strengthen its…
Marketing teams have to manage lots of data, remember multiple deadlines, and coordinate with multiple vendors simultaneously. Direct mail has declined but still uses many manual processes, even in the era of digital marketing tools.…
It shouldn’t be a logistics puzzle to get through an entire day that is completely normal. But for anyone stuck with a bulky, rigid wheelchair, that’s exactly what happens. It won’t fit in the trunk. It will not pass through a small…
Strathmore Business School, Standard Chartered, ALN and Association of Family Business Enterprises [AFBE] have launched an executive programme to strengthen family business governance, succession readiness and wealth preservation.
Kenya’s private sector bounced back to growth after four months of stagnation. This is attributed to a strong increase in new orders since the year begun. This is despite supply disruptions caused by effects of the Middle East crisis.…
A section of sugarcane farmers from Western Kenya have welcomed the latest directive by the government to stop sugar imports, terming it as an important step towards reviving local industry and improving earnings. The farmers in Lugari…
The Kenya shilling traded at 129.40 against the US dollar on August 10, unchanged from July 30 and only slightly below 129.41 recorded on August 6, extending a run of stability in the foreign exchange market. Latest data from the Central…
Raxio Group has appointed Dennis Kahindi as General Manager for Uganda. Kahindi brings more than 20 years of experience in Uganda’s technology and telecommunications sectors. His previous roles include senior positions at Huawei,…
The Kenya Civil Aviation Authority (KCAA) has granted various air service licenses to 32 airlines out of 34 which had made applications earlier this year. Tanzanian Air Services Limited which operates Tanzanair has been granted a two year…
Political leaders in Migori County are calling on the government to ensure all outstanding payments owed to region’s sugar sector are settled. According to the leaders, more than a year since the Sony Sugar Company was placed under…
University students across Kenya with innovative ideas aimed at tackling climate and environmental challenges have been invited to apply for the Cleantech Innovation Competition 2026. The competition is organised by the Kenya Climate…
The artificial intelligence (AI) boom that has sent technology stocks soaring in major global markets could soon find a new route into Kenya’s investment market. The Nairobi Securities Exchange (NSE) is working on an artificial…
The Nairobi Securities Exchange (NSE) is preparing to launch East Africa’s first exchange-traded fund (ETF) focused on artificial intelligence stocks before the end of 2026, as it moves to broaden investment opportunities on Kenya’s…
