Latest business stories from across Kenya.
SBM Bank Kenya is expanding its presence outside Nairobi with the opening of a new branch in Nanyuki, Laikipia County, as the lender seeks to tap into the town’s growing business and tourism economy. The Nanyuki outlet, located at Peak…
US Treasury Secretary Scott Bessent said on Thursday that the US will impose “the toughest sanctions in history” on Iran, and the economic pressure is likely to prevent a kinetic restart on the battlefield. His announcement came a day…
Small-scale importers could find it easier to collect their goods without paying costs linked to other traders’ consignments if proposed changes to the handling of consolidated cargo are adopted. Kenya Revenue Authority (KRA) Board…
The Africa’s Business Heroes (ABH) Prize Competition has selected 20 entrepreneurs from across Africa to compete in the 2026 semi-final, which will be held in Nairobi on August 21–22. The entrepreneurs, who will battle for a share of the…
Kenyans are beginning to feel the impact of lower borrowing costs after the Central Bank of Kenya (CBK) cut its policy rate, triggering a decline in commercial bank lending rates. The CBK policy rate has fallen from 13 per cent to 8.75 per…
Sunao Takami, 58, had doused the pachinko gaming parlour near his home in Osaka with gasoline and set it alight, killing four customers and one employee.
The lender plans to tap into the region’s conservancy economy, including Ol Pejeta, Lewa, Borana and Loisaba, as well as high-end tourism lodges, flower and horticulture exporters, the British Army Training Unit Kenya (BATUK), SMEs, real…
Farmers, veterinarians and international agribusiness players have called for stronger collaboration across the food value chain at the 10th AgroFood-Plastpack-Paper Expo underway in Nairobi. The event highlighted market access, food…
Absa Bank Kenya and Simba Corporation are partnering to expand financing for vehicles and agricultural equipment, targeting businesses and individuals seeking to acquire productive assets amid persistent pressure on access to capital. The…
Absa Bank Kenya’s half-year profit fell 10% to KES 10.5 billion, yet the board more than doubled the interim dividend.
Equity Group made KES 45.5 billion in half-year 2026 profit, up 32%, with its regional subsidiaries now driving most growth.
Absa Bank Kenya and Simba Corporation sign an MoU offering up to 100% vehicle and tractor financing under ABF 2.0.
The Intergovernmental Authority on Development (IGAD) has called for structured, cross-border market intelligence sharing to dismantle trade barriers and bolster food security across the Horn of Africa. Speaking in Nairobi on Thursday…
A majority of Nairobi’s ride-hailing users oppose the government’s proposal to introduce minimum fares for digital taxi services, with most preferring market-driven prices rather than government regulation, according to a new TIFA survey.…
CPA Joyce Waceke Ndegwa, is the CEO of Muranga-based Mentor Deposit-Taking Savings and Credit Cooperative Society(SACCO), a female top executives running one of fastest growing SACCOs in Kenya today. A mother of four children, made up of…
Board Chairperson Dr Farida Karoney announced the appointment on Thursday during a media briefing in Nairobi, saying the consortium had emerged as the highest-ranked bidder following an open and competitive international tender.
The Government has underscored the need to expand access to affordable housing finance, particularly for underserved Kenyans working in the informal sector, to ensure that more citizens can afford and own homes. Speaking during the opening…
Absa Bank Kenya has partnered with Simba Corporation to make it easier for individuals and businesses to buy vehicles, agricultural machinery and other productive equipment. The two companies have signed a Memorandum of Understanding (MoU)…
In a letter dated August 17 and addressed to Kenya Railways Managing Director Philip Mainga, KLDA said public participation should only proceed after the corporation makes key project documents available, including feasibility studies,…
Ticketmaster has officially expanded its reach in East Africa through the launch of Quicket’s dedicated operations in Kenya. Quicket will run through a fully digital ticketing designed to drastically cut down fraud and speed up venue…
The Office of the Data Protection Commissioner also recommended the prosecution of the school’s Board of Management for obstructing its investigations into the privacy breach.
Under the agreement, the two organisations will jointly promote Kenya as a preferred destination for private capital through investment missions, roadshows and targeted deal pipeline development to connect investors with high-potential…
Siaya National Polytechnic has developed a new electric mobility training curriculum aimed at equipping technicians with skills to service and repair of electric motor cycles, vehicles and other equipment. According to the principal of the…
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Kenya’s largest banks have reported billions of shillings in profits for the first half of 2026, with Equity Group, KCB Group and Co-operative Bank posting strong earnings growth despite changes in interest income, credit costs and…
