Ziidi Trader now accepts passports and military IDs to open accounts
Safaricom’s Ziidi Trader now accepts Kenyan passports, military IDs and foreign passports, ending its previous national ID only requirement.
2 min read
Business
Latest business stories from across Kenya.
Nairobi building approvals rise Sh18bn to Sh84bn in five months
Data from the Kenya National Bureau of Statistics shows the value of approved buildings increased to Sh84.14 billion between January and May, from Sh65.9 billion during the same period in 2025.
1 min read
Dr Martin Koyabe appointed to lead National Cybersecurity Agency
President William Ruto has appointed Dr Martin Koyabe as Non-Executive Chairperson of the Board of Directors of the National Cybersecurity Agency paving way for operationalization of the body. Dr Koyabe whose appointment is effective…
2 min read
Sabvest Bets $47 Million on South Africa’s Fiber Expansion With Frogfoot and Vox
Sabvest Capital is investing about $47 million in South African telecommunications companies Frogfoot and Vox, betting that faster fiber expansion into lower-income communities can unlock growth in a market where millions of households…
5 min read
SBM Bank Kenya Launches 34th Branch in Nanyuki Town
SBM Bank Kenya has opened its 34th branch in Nanyuki, Laikipia County, expanding its physical footprint into the Mt. Kenya region as the lender targets the area’s growing agriculture, tourism, conservancy, real estate and SME economy. The…
3 min read
Kenya’s pension assets up 12.66pc to Sh3.17tn
Pension assets under management rose to Sh3.17 trillion in June from Sh2.81 trillion in December 2025, reflecting a Sh356 billion increase over the six-month period.
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Uber’s $966 Million GDPR Fine Puts Algorithmic Management Under Scrutiny
Uber Technologies Inc. has been hit with an €825 million ($966 million) fine by the Dutch data protection regulator over the use of automated systems to suspend and deactivate drivers, putting the growing use of algorithms to manage gig…
5 min read
How Businesses Are Using AvadaPay Bulk SMS Beyond Marketing
AvadaPay’s Bulk SMS solution helps businesses manage these messages at scale, making SMS useful well beyond marketing campaigns.
3 min read
Shilling Defies Inflation and Surging Oil Prices as CBK Reserves Remain Strong
Kenya’s shilling remained stable against the US dollar in the week ending August 20, despite mounting global inflation concerns and a sharp rise in oil prices, supported by strong foreign exchange reserves held by the Central Bank of Kenya…
3 min read
Shein aims for almost $27bn valuation in stock market debut
Fast-fashion giant Shein could see its stock market valuation reach almost $27bn (£19.8bn) when its makes its debut in Hong Kong on 1 September. The long-awaited move comes after failed attempts to list in the US and London due to…
4 min read
Govt plans to rename KUSCCO to KEFESCO after Sh13bn loss
Cooperative Development Commissioner David Obonyo announced the proposed name change in a notice to KUSCCO shareholders ahead of a special general meeting scheduled for August 28.
2 min read
Kenya Re-Insurance Corporation Posts 42.8% growth in Half-Year Net Earnings to KSh 2.3Billion
Kenya Re( Kenya Re-Insurance Corporation) registered a 42.8% growth in half-year Net Profits to KSh 2.25 billion even as its C-suite gets stuck in constant governance conflicts. Kenya Re Half-Year 2026 Consolidated Results: — Total…
2 min read
Tribunal ruling opens new path for taxpayers to offset VAT credits against tax debts
The ruling stems from a dispute between Easton Petroleum Limited and KRA over a VAT liability of Sh12.86 million.
2 min read
Kenya Seeks to Expand Mortgage Access Using Mobile Money, SACCO Savings and Rental Records
Kenya is seeking to expand access to mortgage financing by encouraging lenders to consider alternative measures of creditworthiness, including mobile-money transactions, SACCO savings, rental payment histories, utility bills and business…
4 min read
Kenya’s Quresha Abdullahi appointed East Africa HR Federation first president
Kenya’s Quresha Abdullahi has been appointed as the inaugural President of the newly established East Africa HR Federation. Abdullahi who also serves as Executive Director of the Institute of Human Resource Management (IHRM) Kenya assumed…
1 min read
Govt announces new fertilizer and maize seed subsidy
The Government has announced a further reduction in the price of subsidised fertiliser and certified maize seed to cushion farmers from drought-related losses and support their return to production. Under the new intervention, farmers will…
2 min read
Did a goat herder’s lucky $200 nugget spark a gold rush in western Kenya?
When people found out that 33-year-old Manasse Lomachar had sold his three grams of gold for 36,000 Kenyan shillings several weeks ago, he believes this led to the arrival of thousands of prospectors in Cheporor.
6 min read
KCB, I&M Lead Banking Rally as NSE Shares Surge
Kenya’s banking stocks gave the Nairobi Securities Exchange a strong boost last week, with KCB Group leading the charge as investors responded to better earnings and the lender’s plans to raise Ksh 300 billion through a…
3 min read
Government cuts fertilizer price to Ksh2,000, halves maize seed costs
The Government has announced a further reduction in the prices of subsidised fertilizer and certified maize seed in a move aimed at cushioning farmers from drought-related losses and enabling them to resume production. In a statement by…
2 min read
World Bank sanctions eCitizen founder due to fraud
The case involved two World Bank-funded projects in Somalia — the Somali Core Economic Institutions and Opportunities Project and the Somalia Capacity Advancement, Livelihoods and Entrepreneurship through Digital Uplift Project.
1 min read
Kenyan Bank Charges: Full Comparison of ATM, M-Pesa, PesaLink and Account Fees
Bank customers in Kenya pay different amounts for everyday services depending on the institution, account type, and channel used. A review by The Kenya Times of the latest tariffs from major banks shows that charges range from as little as…
3 min read
Leading African Institutions, Entrepreneurs and Professionals to Be Honored in Nairobi
Leading institutions, entrepreneurs and professionals from across Africa are set to be honoured at the 2026 Pacesetters International Awards (PIA), a Pan-African recognition programme celebrating excellence, innovation and transformative…
4 min read
FAO sharpens Kenya’s food systems debate at Africa Food Show 2026
When Kenya opened the Africa Food Show 2026 Conference at KICC this week under the theme “Transforming Agrifood Systems for Healthy Diets: From Seed to Plate,” three government voices set the tone: Chief Guest and Secretary to the Cabinet…
3 min read
Nairobi County Breakdown of Licence Fees for Billboard Advertising and Traders Under New Policy
Nairobi City County has set new fees for business, construction, public health, advertising, market and other county services under the Nairobi City County Tariffs and Pricing Policy 2025–2030. For trade licensing, the county has set a…
3 min read