Latest business stories from across Kenya.
The Supervisory Board of the Volkswagen Group unanimously approved the Executive Board’s Future Plan 2030, which includes “a Group-wide workforce adjustment of approximately 50,000 positions” in addition to 50,000 job cuts already under…
Mombasa is gaining ground as a startup destination, even as Nairobi continues to dominate Kenya’s technology and innovation scene. The coastal city has climbed 22 places in the latest StartupBlink Startup Ecosystem Index, moving from 916th…
OMS Africa has appointed Lydia Wangare Gakanga as its Principal Officer as the firm seeks to solidify its position as a leading brokerage firm in Africa. Gakanga whose appointment is immediate joins OMS Africa just over a year after Kweli…
The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000. The group – which…
African Banking Corporation (ABC Bank) has gone live on the Pan-African Payment and Settlement System (PAPSS), allowing its customers to send and receive payments across 28 participating African countries. The move is expected to make…
Canada has unveiled a new $20 banknote featuring a portrait of King Charles III, the first new monarch to appear on a Canadian banknote in more than 70 years, following the death of Queen Elizabeth II in 2022. The banknote was revealed at…
Nvidia has agreed to buy artificial intelligence platform Hugging Face in a deal valued at about $12.9bn (£9.5bn), one of the AI chipmaker’s biggest acquisitions as it expands into software. Hugging Face, founded in 2016, has become a…
The summit will bring together government officials, tourism operators, technology companies, investors and other private sector players to discuss ways of making travel and business between the two countries easier.
Participants said the financing available often does not match the investments farmers and agricultural enterprises need to make.
Muhamed Hayota Dadable has rebuilt his livelihood around savings, livestock aggregation, fodder production and diversification.
Shirikiana Savings and Credit Cooperative Society is on course to secure Sh. 500 million from the World Bank after completing 12 months of active operations, giving fresh impetus to the newly established cooperative’s ambition to expand…
The Lake Victoria Aquaculture Association (LVA) has appealed against a High Court decision upholding new charges imposed by the government arguing the move would cripple the aquaculture sector. LVA has moved to the Court of Appeal in an…
President William Ruto has commissioned the Ksh 2.7 billion Sultan Hamud-Loitoktok 132kV Transmission Line and Loitoktok Substation in what is expected to improve power supply in two counties. The project by Kenya Electricity Transmission…
Safaricom Ethiopia has surpassed 15 million active subscribers, a milestone that underscores the rapid growth of Ethiopia’s second telecom operator as it edges closer to profitability less than four years after launching commercial…
The StartupBlink Startup Ecosystem Report shows Mombasa ranked 894 globally in 2026, up from 916 in 2025.
The service allows individuals and businesses to make near-instant payments from their ABC Bank accounts to recipients at more than 190 participating banks in the PAPSS network.
Kenya is set to make its leather industry globally competitive following the establishment of a Ksh 5 billion state‑of‑the‑art leather testing laboratory at the Kenanie Leather Industrial Park. The lab signals a renewed government push to…
President William Ruto has defended the government’s decision to suspend Tata Chemicals Magadi Limited’s mining operations, saying Kenya has not received enough economic benefits from the company’s long-term exploitation of resources at…
Afripeak Expo Managing Director Gao Wei said Chinese companies should look beyond supplying the Kenyan market and consider establishing production and assembly operations locally.
Tech enterprises, government policymakers, investors, and startups converged in Lagos to accelerate West Africa’s ascent in the global intelligence economy, as the second edition of the GITEX NIGERIA opened (2 September) with an…
Liberty Life Kenya has launched a new savings and protection product targeting Kenyans seeking to build long-term financial plans while protecting themselves against unexpected disruptions. The Secure Plan combines savings, life assurance…
The committee wants the DCI to establish the role played by Caleb Koskei Kipingor, who was a director of Opus Investments Limited for only 16 days during the period when L.R. No. 209/324/3 was acquired and transferred to NSSF.
Kenyan businesses selling goods and services online now have a new industry body to turn to as the country looks to make digital trade easier and more competitive. The Kenya E-Commerce Alliance (KECA) was launched in Nairobi during the…
Vertiv has agreed to acquire Utility Innovation Holdings. This is the parent company of UtilityInnovation Group (UIG) in a deal valued at approximately $1.45 billion in cash at closing. There is also additional earnout of up to $1.15…
