Kenya Power signs performance contracts with 6,000 union staff
The initiative follows more than two decades of negotiations between management and employees represented by the Kenya Electrical Trades and Allied Workers Union.
2 min read
Business
Latest business stories from across Kenya.
Government Chemist formally receives ISO/IEC 17025 accreditation certicate
The Government Chemist Department has formally received its ISO/IEC 17025 Testing Laboratory Accreditation Certificate from the Kenya Accreditation Service (KENAS), marking a major milestone in strengthening confidence in the scientific…
5 min read
Co-op Bank Threatens Sale of Sony Sugar Property Over Ksh862M Debt
South Nyanza Sugar Company is facing the possible loss of a property after Co-operative Bank of Kenya moved to enforce a charge securing a loan of more than Ksh 862 million. The bank has issued the sugar miller with a 40-day notice of its…
2 min read
CoB Raises Alarm Over Ksh20B Paid on Undrawn Loans
Kenya has spent billions of shillings keeping foreign loans available even when the projects meant to use the money were not ready, raising fresh questions about how the government plans and approves borrowing. Controller of Budget (CoB)…
3 min read
Nakumatt’s Four Prime Properties to be Sold Over KSh1.9 Billion Debt
Standard Chartered Bank Kenya has moved to sell four prime properties belonging to collapsed retailer Nakumatt Investments Limited as it seeks to recover more than KSh1.9 billion owed by Nakumatt Holdings Limited. In a notice issued on…
3 min read
TIFA poll: High cost of living top challenge for Kenyans
The findings, contained in TIFA’s latest Ride-Hailing Industry Survey in Kenya, show that rising prices of transport, fuel, food and education are putting pressure on household budgets.
1 min read
Co-op Bank demands Sh862mn in debt arrears from Sony Sugar
In a notification dated July 14, 2026 and addressed to the company’s Chief Executive Officer, the bank said it would exercise its statutory power of sale over Land Reference No. 16339/1 unless Sony Sugar clears the outstanding amount…
2 min read
Founder of collapsed Chinese property giant Evergrande sentenced to life in prison
Hui Ka Yan pleaded guilty in April to several charges, including embezzlement of assets and corporate bribery.
2 min read
Miami-based food entrepreneur dies in Samburu helicopter crash
Roger Duarte, 42, was the founder of George Stone Crab, a business that sold fresh Florida stone crab claws. He also co-founded My Ceviche, a seafood restaurant chain.
1 min read
Co-operative Bank Partners With Car & General in Tractor Financing
The Co-operative Bank of Kenya and Car & General (Trading) Limited, the authorised distributor of Kubota tractors in Kenya, have entered into a strategic partnership to expand access to agricultural machinery through asset financing.
2 min read
US national debt passes $40tn after doubling in a decade
US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show. The rise reflects years of heavy spending under both the Donald Trump and Joe Biden administrations, along with higher interest…
4 min read
Government raises Ksh 139B to clear roads pending bills
The government has raised Ksh 139 billion from securitization of the Road Maintenance Levy Fund. Road and Transport Cabinet Secretary Davis Chirchir said the funds will be used to clear certified outstanding bills owed to road contractors…
2 min read
Regional Subsidiaries Lift Equity Group Half Year Profit
Equity Group Holdings Plc has announced a solid first‑half performance for 2026. Profit After Tax rose by 32% to Ksh45.5 billion from Ksh34.6 billion in the same period.
3 min read
Maximizing Enterprise Value: 5 Value Creation Strategies Prior to a Corporate Transition
A corporate shift represents one of the biggest milestones in a firm’s path. If the move includes a merger, acquisition, ownership handover, succession plan, or strategic funding, getting ready matters greatly for the value a business…
3 min read
EACC Moves to Deal with Corrupt Practices in Cooperatives Sector
The EACC (Ethics and Anti-Corruption Commission) has presented a report to the State Department for Co-operatives, identifying governance gaps and recommending reforms to strengthen oversight and curb corruption in the sector. The EACC…
2 min read
DTB pre-tax profit jumps 37pc to KSh9.8B in half-year results
Diamond Trust Bank (DTB) Group has posted a 37% rise in pre-tax profit to KSh9.8 billion for the six months ended June 2026, supported by higher revenue, lending and deposits. The regional banking group recorded a 21% increase in top-line…
2 min read
Equity Group Half-Year Net Profit up 32% to KSh 45.5 Billion
Equity Group Holdings Plc, Kenya’s leading regional lender with subsidiaries in Democratic Republic of Congo, Tanzania, Uganda, Rwanda and South Sudan, saw its net profit rise 32% to KSh 45.5 billion for the six months’ period ended 30th…
4 min read
KCB Plans to Float a KSh300 billion 5-Year Bond in October
KCB Bank Group has announced plans to raise KSh 300.0 billion (US$2.32 billion) through a Medium-Term Sustainability Note Programme over the next 5 years. The lender targets issuing green, blue & social bonds in raising this capital with…
3 min read
Safaricom Launches Bundle Ya Wakulima Offering Farmers Connectivity
Safaricom has launched a new bundle targeting farmers with affordable access to connectivity, insurance, agricultural advice and production support. The Bundle Ya Wakulima, launched as part of Safaricom’s PATA MORE customer value…
1 min read
DTB H1 pre-tax profit rises 37pc to Sh9.8bn
The lender’s top-line revenue increased by 21 percent, with net interest income rising 26 percent and non-interest income growing 7 percent.
1 min read
Mercedes-Benz Marks 140 Years With S-Class Launch in Kenya
Mercedes-Benz marked 140 years of automotive innovation in Kenya with the launch of its latest S-Class and a celebration of the brand’s global anniversary at Muthaiga Golf & Country Club in Nairobi. CFAO Mobility Kenya hosted the event,…
2 min read
Equity Group H1 2026 Profit Jumps 32% to $351 Million as Regional and Digital Growth Accelerate
Equity Group Holdings Plc has reported a 32% increase in its first-half profit after tax to KSh45.5 billion ($351 million) boosted by stronger lending, regional expansion and technology-driven financial services. The Kenyan banking group’s…
4 min read
KCB eyes Sh300bn sustainability bond to finance green, social projects
The funds will support projects in renewable energy, green buildings, affordable housing, clean transportation, sustainable agriculture, water management and other eligible initiatives.
4 min read
Using Digital Conversations to Understand Audience Behavior
Interpreting the behavior of the audience is one of the main advantages of using modern digital marketing resources. Any communication initiated by the audience on social media, reviews, customer service, blogs, forums, and other digital…
4 min read