Absa hikes dividend 150pc to Sh0.5 per share despite 10pc profit drop
The lender’s half-year results for the six months ended June show that shareholders received Sh0.2 per share during a similar period last year.
1 min read
Business
Latest business stories from across Kenya.
DJI welcomes US court order to review its ‘military company’ designation
Chinese drone maker DJI on Monday welcomed a US appeals court decision to reconsider its alleged ties to China’s military, saying it expects to “set the record straight as the case moves forward.” The US Department of Defense (DoD) first…
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NIF policy proposes 7pc minimum equity return, caps project exposure
The policy, currently before the National Assembly’s Finance and Planning Committee, proposes that no more than 40 percent of the Fund’s assets be invested in a single sector, while exposure to one project would be capped at 20 percent of…
1 min read
KCB opens a new branch in Kapcherop
Residents and business operators in Kapcherop, Marakwet West Sub-County, and its surrounding areas are expected to enjoy easy access to banking and credit facilities following the official opening of a new Kenya Commercial Bank (KCB)…
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Senate Demands Digital System to Track Fuel Stocks
Kenya could soon have a digital system showing how much fuel is available in the country at any given time, after the Senate raised concerns over gaps in petroleum stock monitoring and emergency fuel procurement. The Senate Standing…
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A Buyer’s Guide to Bidding Confidently at Vintage Guitar Auctions
Vintage guitar auctions reward patience, evidence, and a clear head. A clean finish or famous decal can draw attention, but value often sits in quieter details. Neck angle, solder joints, pot codes, bridge height, fret wear, finish…
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Government keen on revitalizing tea sector in Kisii region
Agriculture Principal Secretary Dr Kipronoh Rono has said the government is committed to improving tea sector in Kisii region to ensure farmers secure higher income from the commodity. In a meeting with Broadcasting and Telecommunications…
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Kenya urges IGAD States to harmonise standards and unlock AfCFTA trade potential
The government has called on member states of the Intergovernmental Authority on Development (IGAD) to harmonize their cross-border certification standards to accelerate trade and boost food security in the region. Speaking during a…
2 min read
Stripe Buys OpenRouter for More Than $7 Billion, Betting AI Routing Will Become Critical Infrastructure
Stripe Inc. has agreed to acquire artificial-intelligence startup OpenRouter for more than $7 billion, according to people familiar with the matter, in a deal that would push the payments company deeper into the infrastructure powering the…
3 min read
Airtel, Starlink launch satellite service in DRC
The service, launched on August 14, allows Airtel customers with compatible smartphones to stay connected in areas without conventional mobile network coverage, provided they have a clear view of the sky.
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Wandayi accuses ‘outsiders’ for undermining nuclear power project
Energy Cabinet Secretary Opiyo Wandayi has blamed the recent spate of demonstrations against the proposed nuclear power plant in Siaya county on individuals who are against development in the region. Wandayi said that the individuals who…
1 min read
KTDA procures two million bags of fertiliser for tea farmers
The Kenya Tea Development Agency (KTDA) has announced the procurement of two million bags of fertiliser which will be issued to over 600,000 farmers starting next month. The move comes after delays in the shipment of the cargo due to…
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Lawmakers want digital system to track fuel stocks
The system is expected to provide real-time information on fuel stocks and imports, helping the government monitor supply levels and respond faster to disruptions.
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Magadi residents demand inclusion before Tata resumes operations
A section of residents of Magadi in Kajiado West Sub-County are demanding to be included in ongoing negotiations between the government and Tata Chemicals Magadi before the company resumes operations. The company which produces soda ash at…
1 min read
Dollar Check: Why the Dollar Cannot Break Past Ksh130 in Kenya
The Kenya shilling remained steady against the US dollar on Monday, exchanging at Ksh129.34 according to the latest Central Bank of Kenya (CBK) daily exchange rates. The local currency’s performance means the dollar has continued to trade…
3 min read
Kakuzi Expands Use of AI, Digital Technology to Boost Climate-Smart Farming
Listed agribusiness company Kakuzi Plc is expanding the use of artificial intelligence (AI), machine learning and other digital technologies across its operations as it seeks to improve efficiency, strengthen farm productivity and adapt to…
2 min read
Government Borrowing More Than Doubles to Ksh138B in July
The government started the new financial year with a heavy appetite for local borrowing, raising Ksh 138.25 billion from the domestic market in July as it worked to meet its financing needs. The latest fiscal outturn shows that the amount…
2 min read
Shareholders Behind Thika Road Transport Giant Lopha MP Sacco
Lopha Multi Purpose Sacco, also branded as Lopha Travelers or Lopha Travels, is a cooperative of matatu owners and operators that runs public service vehicles mainly along the Thika Road corridor. It is commonly referenced alongside other…
2 min read
Airtel Africa and Starlink Launch First Commercial Satellite-to-Mobile Service in Africa
Airtel Africa and Starlink have officially launched Africa’s first commercial satellite-to-mobile service in the Democratic Republic of the Congo (DRC). With the new service, Airtel subscribers with compatible smartphones can access…
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Senators want six-month strategic oil reserve
The Senate Standing Committee on Energy said the framework should be developed in collaboration with the National Treasury and other relevant agencies and anchored on the National Oil Corporation of Kenya.
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Nation Media Group Loss Deepens After Acquisition by Tanzania Investor
Nation Media Group (NMG) has posted a net loss of Ksh357 million for the first half of 2026 from a turnover of Ksh2.8 billion, a sharp drop from Ksh41.7 million net loss reported in the first half of 2025.
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IG Sacco Names Mary Awino Acting CEO in Leadership Shake-up
Invest and Grow (IG) Sacco has begun a new chapter at the top, with Mary Awino taking over as acting chief executive officer at a time when the teachers’ cooperative is looking to build on years of expansion. Awino moved into the position…
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Vehicle Distributor Caetano Kenya Gains Traction in Coast
Vehicle distributor, Caetano Kenya, has reaffirmed its commitment to supporting businesses and communities in Kenya’s Coast region.
3 min read
Government more than doubles domestic borrowing to Sh138.25 billion in July
The Kenyan government more than doubled its domestic borrowing in July, raising Sh138.25 billion from the local market as it began implementing the 2026/27 financial year budget. The latest National Treasury fiscal outturn shows that the…
2 min read