Kenyan digital publication covering business, technology, lifestyle, entertainment, travel, health and culture.
All public beaches in Mombasa have been closed because of a severe weather alert that could put the public in danger. The beaches were closed following a directive issued by Mombasa Governor Abdulswamad Sherrif Nassir on Friday, May 23,…
Michael Joseph is set to resign as the board chairperson of Kenya Airways (KQ) after eight years at the helm of the Kenyan national airline. His resignation was confirmed in a notice issued ahead of the airline’s 49th Annual General…
The Kenyan government plans to discontinue its national exam fee waiver starting in 2026, shifting instead to a targeted subsidy model for national exams. This means parents will generally be responsible for paying for their children’s…
KCB Group shareholders have approved a Ksh. 9.6 billion total dividends payout for the 2024 financial year. The shareholders approved a final dividend of Ksh. 1.50 per share at the Annual General Meeting (AGM) in Nairobi, as recommended by…
M-PESA Africa (MPA) has opened applications for its Accelerate 360 internship program, an initiative designed to train the next generation fintech professionals. The M-PESA Africa Accelerate 360 is a 6-month internship program, based in…
Tatu City and Stanbic Bank Kenya have partnered to make property ownership more accessible for Kenyans and the diaspora community through flexible financing solutions. The agreement will enable prospective homeowners to access loans for…
MaxAB-Wasoko has acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding. As part of the deal, EFG Finance will join MaxAB-Wasoko as a significant shareholder, acquiring an equity stake and securing…
The U.S.-Kenya Creative Economy Forum 2025 is scheduled for June 5th in Nairobi. It is organized by the U.S. Embassy in Kenya and the American Chamber of Commerce Kenya (AmCham). The U.S.-Kenya Creative Economy Forum 2025 will bring…
CIC Group and Women’s World Banking have partnered in a bid to develop inclusive women-centric insurance solutions. The two organizations will collaborate in research, product development, innovation of aggregation models for distribution,…
Ethiopia has launched the Fayda wallet, a solution designed towards enhancing financial inclusion and streamlining digital transactions. This wallet, co-developed by TECH5 and Visa is designed to address the need for verified eKYC…
Aleph and Spotify have expanded their partnership that makes Aleph Spotify’s advertising sales partner in 80+ markets, providing access to 20,000+ advertisers. This includes Kenya. Spotify Advertising has been modernizing its ad tech,…
Standard Chartered has launched the Women in Cyber Mentorship Programme to train next generation female cybersecurity leaders. It is an initiative that is designed to cultivate the next generation of female cybersecurity leaders across…
Diamond Trust Bank (DTB) has partnered with Safaricom to offer loans to SMEs that use Lipa na M-PESA to accept payments. The new product is called Taasi Till Loans and it will enable merchants with Safaricom till numbers to access business…
Kingdom Bank has reported a reduced net profit of Ksh. 162 million for the period ended March 31 2025. This is a reduction from the Ksh. 350 million the bank reported in the same period in 2024. Total operating income reduced minimally to…
The 10th Propak East Africa Expo will conclude today with an emphasis on the need for accelerating the adoption of eco-packaging. This would be done through increased collaboration among stakeholders in the packaging, printing, processing,…
The NCBA Group has announced the James Gossip as the new Managing Director of NCBA Bank Kenya PLC, effective 12th May 2025. James Gossip is an experienced international banking executive with over 30 years of experience in senior…
The Gates Foundation has announced a $5 million grant to Axmed, a healthcare technology company revolutionizing how essential medicines are procured across Growth Markets. The grant will function as a matching fund, providing a 1:1 match…
The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first quarter of 2025, revealing a strong performance. Afreximbank Group recorded a net income of US$215 million, marking a 21%…
ARC Ride has today announced it has secured $5 million in financing from British International Investment (BII), the UK’s development finance institution and impact investor. This investment is set to provide e-mobility solutions for…
A high-level delegation of European Union Ambassadors, led by H.E. Henriette Geiger, the EU Ambassador to Kenya, is currently undertaking a three-day visit to Samburu, Isiolo, and Laikipia counties. From May 20 to 22, 2025, the envoys are…
NCBA Group has announced a profit after tax of Ksh. 5.5 billion for the first quarter of 2025. This represents a 3% increase from the Ksh. 5.3 billion reported during the same period last year. The rise in profitability was driven by a…
Kenya’s path towards universal digital access faces a hurdle as the Communication Authority of Kenya’s (CA) Universal Service Fund (USF) Strategy 2023–2027 grapples with a Ksh. 12 billion funding shortfall. Universal Service and Access…
Standard Chartered Bank Kenya has announced that it has reported in profit after tax at Ksh. 4.86 billion for the first quarter of 2025. This is a 13.5% decline in profit after tax after reporting Ksh. 5.61 billion during the same period…
Family Bank Group has announced that it has reported a profit after tax of Ksh. 1.05 billion for the first quarter ended March 31, 2025. This is a slight improvement from the Ksh. 910 million profit after tax the banking group reported in…
