CIC Insurance Group profit jumps 70% on investment gains
NAIROBI, Kenya, Sept 1 – CIC Insurance Group has reported a 70.3 percent increase in profit after tax to Sh1.09 billion for the six months ended June, supported by higher…
2 min read
Business
Latest business stories from across Kenya.
Kenya Airways, Absa & Visa partner to launch the Asante Global travel credit card
Kenya Airways, Absa Bank Kenya, and Visa have officially announced the launch of the Asante Global Card, a flagship travel and lifestyle credit card entering the Kenyan market. The Asante Global Card is tailored for frequent travellers and…
2 min read
Nicco Movers Licence Suspended
The Transport Licensing Appeals Board has suspended the Public Service Vehicle (PSV) operator licence of Nicco Movers Limited with immediate effect after raising serious road safety and compliance concerns. The Tribunal has given the bus…
3 min read
Kenya Airways expects normal flight operations to resume Wednesday after strike call-off
Kenya Airways has announced that it expects to resume normal flight operations by Wednesday, September 2, 2026, following the suspension of an industrial action by aviation workers. The national carrier said its teams were working to clear…
3 min read
Kenya Airways loss widens to KES 16.1 billion as fuel costs jump 66%
Kenya Airways revenue rose 9% to KES 81.25 billion, but fuel costs pushed the half-year loss to KES 16.1 billion.
4 min read
More Than 8,000 EPK Employees to Receive Salary Increase
More than 8,000 Eastern Produce Kenya (EPK) employees are set to receive a 14% general wage increase following the signing of an updated Collective Bargaining Agreement (CBA) with the Kenya Plantation and Agricultural Workers Union…
2 min read
Westcon-Comstor Expands Dorio Bowes’ Leadership Role Across MEA
Westcon-Comstor has announced the appointment of Dorio Bowes as Director, Comstor Southern Africa and MEA Alliance Lead. This appointment expands his responsibilities as he will now cover strategic alliance engagement across the Middle…
1 min read
Kakuzi breaks ground for new blueberry production orchards
Listed agribusiness firm Kakuzi Plc has broken ground on a 30-acre greenhouse development as part of its blueberry crop production strategy. The Blueberry greenhouse development is also part of Kakuzi’s revenue stream diversification plan…
1 min read
Style meets substance at Galleria Mall’s “Style, Sip & Shop” with Connie Aluoch
Fashion shifted from the runway to real life at Nairobi’s Galleria Mall as women gathered for Style, Sip & Shop, an immersive fashion and lifestyle event led by award-winning stylist Connie Aluoch. Held on Saturday, 29 August 2026, the…
1 min read
Kenya Airways appoints Habil Waswani as new chief executive
Kenya Airways has announced the appointment of Habil Waswani as the new acting chief executive officer and managing director with effect from September 15, 2026. Waswani who is currently the airline’s corporate secretary and director of…
1 min read
CBK approves acquisition of NCBA Bank by Nedbank Group
The Central Bank of Kenya (CBK) has approved the acquisition of up to 66 percent of the issued share capital of NCBA Group PLC by South Africa-based Nedbank Group Limited. The approval, granted on August 28, 2026 under Section 13(4) of the…
2 min read
China implements new national standard for AI customer service
China’s first national standard focusing on coordination between artificial intelligence (AI) and human customer service officially took effect on Tuesday, aiming to address common pain points in AI-powered customer services. The national…
1 min read
Inflation Rate Ups to 6.6% in August on Escalating Middle East War
Inflation Rate in the month of August edged up slightly to 6.6% from 6.5% July, the cost of living in Kenya pushed up by rising fuel and electricity prices as well as selected food items. While sifted maize flour prices recorded the…
2 min read
Digital creators want 5pc digital tax enforcement halted
NAIROBI, Kenya, Sept 1 – Digital content creators are calling for a suspension of the enforcement of the five percent withholding tax on digital content monetization, arguing that the levy…
2 min read
Enwealth Pension Fund Members Earn 18pc Return as Assets Rise to Sh1.2 Billion
Members of the Enwealth Umbrella Fund earned a net return of 18.05 percent in 2025 as the retirement scheme recorded growth in assets, membership and contributions amid rising uptake of the NSSF Tier II opt-out programme. The fund’s net…
2 min read
East African Cables Delays Publishing its H1 2026 Financial Results
East African Cables(EAC), whose shares have been suspended from trading at the Nairobi Securities Exchange(NSE), has delayed publication of its H1 2026 results to not later than 31 October. The cable dealer cites its ongoing administration…
2 min read
NSE Ends August on a High as Share Prices Rise
The Nairobi Securities Exchange (NSE) ended August on a strong footing, with all its major indices closing higher on Monday as renewed investor activity pushed share prices up across several sectors. The NSE All Share Index (NASI), which…
2 min read
Enwealth Umbrella Fund posts 18pc return as assets hit Sh1.2bn
NAIROBI, Kenya, Aug 31 – Members of the Enwealth Umbrella Fund earned a net return of 18.05 per cent in 2025, as the retirement scheme increased its assets and membership,…
1 min read
TotalEnergies Marketing Kenya Plc 2026 HY Net Profit Up 21.3% to KSh1.3Billion
TotalEnergies Marketing Kenya Half-Year net profit rose 21.3% to KSh 1.3 billion with Revenue up 19.1% to KSh 84. 4billion.This is even as supply disruption caused by the Middle East war continues to hit the fortunes of many firms in…
2 min read
SATRIX MSCI World Feeder ETF Net Assets Rise 16.5% to KSh 196.7 Billion
Satrix MSCI World Feeder ETF, Kenya’s first global equity Exchange Traded Fund at the NSE, also listed at the Johannesburg Stock Exchange(JSE), closing net assets increased 16.5% to KSh 196.70 billion from December 2025, with investments…
3 min read
EABL releases list of authorised distributors, partner nationwide
East African Breweries Limited (EABL) has released a list of authorised distributors across the country, outlining the trusted channels through which consumers and retailers can access its products. According to a statement, the list has…
1 min read
Ziidi Money Market Fund Balance Sheet Size Grows 90.2% to KSh 20.3 Billion
Ziidi Money Market Fund (MMF), managed by Standard Investment Bank and ALA Capital, recorded a 90.2% rise in the size of its Balance Sheet to KSh 20.33billion, at the end of the first half of 2026 ended 30th June 2026. Ziidi Balance Sheet…
2 min read
Jomvu MP urges stronger KPA-DRC cooperation to expand trade
Jomvu Member of Parliament Badi Twalib has called for stronger cooperation between the Kenya Ports Authority (KPA) and the Democratic Republic of Congo (DRC) to expand trade and strengthen Kenya’s position as a logistics hub for Central…
2 min read
Absa, KQ and Visa Launch Premium Asante Global Credit Card
Absa Bank Kenya, Kenya Airways (KQ) and Visa have launched a co-branded credit card targeting affluent and digitally connected Kenyans with travel, lifestyle and everyday spending rewards. The Asante Global Card will allow customers to…
2 min read