KRA has hit the one trillion mark after collecting Kshs 1.005 Trillion as of 30th November, 2024 reflecting an upward trajectory in revenue collection, compared to previous financial year (2023/2024), …
During President Bola Ahmed Tinubu’s state visit to France, UBA Group Chairman Tony Elumelu signed a key business agreement with the French Finance Minister, Antoine Armand that will see UBA …
Banking is no longer just about transactions; it’s about connections, growth, and transformation. UBA Kenya redefines what it means to be a bank by blending innovation, inclusivity, and global reach. …
UBA Bank Group has rolled out a rights issue worth 18.5 billion shillings (Under the current exchange rate) targeting to sell at least 6,839,884,274 ordinary shares of 50 kobo each …
Family Bank Group’s Profit Before Tax for the nine months of 2024 grew by 8 per cent to KES 3.26 billion, up from KES 3.02 billion in the same period …
In response to the Central Bank of Kenya’s (CBK) recent reduction of the Central Bank Rate (CBR), I&M Bank has announced a further reduction of its Interest Rates by 0.5%, …
Stanbic Bank has announced a KES 10.1 billion profit after tax for the nine month period ended September 30, 2024. The Bank with operations in Kenya and South Sudan, attributed …
I&M Group achieved strong operating revenues across all markets, with regional businesses contributing 28% of the Group’s Profit before Tax. This growth was fuelled by substantial gains in operating income, …
Absa Bank Kenya PLC has reported a profit after tax of Kshs. 14.7 billion for the third quarter ending September 30, 2024, reflecting a 20% increase compared to the same …
Equity Bank (K) Ltd is pleased to announce a reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities, following the recent decision by the Central Bank …
Kenya Revenue Authority (KRA) has surpassed its October 2024 revenue target after recording a 7.3% growth in revenue collection. KRA collected Kshs 210.429 Billion against a target of Kshs 203.469 …
Kenyan firms saw a renewed improvement in operating conditions at the start of the fourth quarter. Activity levels expanded amid a broad stabilization of new work, while employment increased for …
Kenyans’ transaction value on M-Pesa rose by 10.7% in the first 6 months of 2024 reaching 20.85 trillion shillings. The number of one-month active customers grew by 4.1% to 33.46 …
Carrefour in Kenya, has opened its 25th store at Runda Mall in Nairobi. The opening comes just one month after the launch of a store in Ruiru town, signaling the …
Salesforce’s latest State of the AI Connected Customer research reveals consumer trust in companies is at a record low and that AI is raising the stakes for brands. Today, 60% …
Apprehensions related to fiscal policy changes and social unrest, most notably the June 2024 Finance Bill protests, have contributed to a slight dip in Kenya’s overall trade attractiveness according to …
As the festive season draws near, Carrefour Kenya has rolled out its signature Black November campaign, a shopper’s paradise filled with jaw-dropping discounts of up to 50% on most items, …
Java House has officially opened three new branches as it heads to 100 branches across the region before the end of the first quarter in 2025. The new outlets fall …
Standard Chartered Group PLC has announced its Q3 2024 results, highlighting a strong performance that reflects the success of its strategic focus on cross-border corporate, investment banking, and leading wealth …
I&M Bank Kenya has reaffirmed its commitment to digital transformation and customer experience excellence by extending its strategic partnership with Backbase, the provider of the Engagement Banking Platform. The renewed …
LG Electronics (LG) East Africa has announced an exclusive Black Friday campaign that will see customers get special discounts across a wide range of select home appliances and entertainment products. …
BasiGo, the leading provider of electric bus solutions in sub-Saharan Africa, has today announced the successful closing of US$42 million in new capital. The funding round consists of US$24 million …
The Kenya Association of Manufacturers (KAM), in partnership with the Ministry of Investments, Trade, and Industry has officially announced the 7th edition of the Changamka Kenya Shopping Festival under the …
Kenya’s streets are buzzing with a quiet revolution, one that hums rather than roars. As the largest assembler of electric bikes in the country, Spiro Kenya has cemented itself as …
The Kenya Revenue Authority (KRA) Commissioner General Mr. Humphrey Wattanga has announced that KRA will be going ham in embracing Artificial Intelligence to enhance revenue collection and reduce tax evasion …
Carrefour Kenya has introduced its ‘Buy Kenya, Build Kenya’ campaign to boost local manufacturing after the recognition of Carrefour’s operator, Majid Al Futtaim, by the Kenya Export Promotion and Branding Agency …
Stanbic Bank Kenya has signed a Memorandum of Understanding (MoU) with Simba Corporation, a leading distributor of renowned automotive and asset brands. This partnership will see the Bank offer comprehensive …
Kenya Airways (KQ) has launched The Asante Executive Hub, a first-of-its-kind government travel center at Kenyatta International Convention Center (KICC) in Nairobi. This unique hub is designed to offer one-stop …
Autochek Kenya, the leading automotive technology company transforming the automotive experience for African consumers, is excited to announce a strategic partnership with Turaco Insurance Agency Kenya (T/A Turaco), the innovative …
Carrefour Kenya has announced the opening of its 24th store in the country, located in Ruiru Town at the newly developed Nord Mall. The store opening is in line with …
If you are looking for a phone, laptop or even shirts, then the Kenya Revenue Authority (KRA) has you covered with the announcement of a new auction that has kicked …
The Kenya Revenue Authority (KRA) has recently been ranked as the third-best performing parastatal in Kenya, according to an extensive report compiled by Kenya Trak Research Firm. This ranking highlights …
Safaricom Customers will now be able to purchase airtime via M-Pesa from as low as 1 shilling in a move that the giant telco hopes to use to get more …
KLM Royal Dutch Airlines has unveiled its first Airbus A321neo, as it begins the journey to replace its Boeing 737 fleet with cleaner, quieter, and more efficient aircraft and flight …
Listed cement manufacturer Bamburi Cement Plc has formally confirmed receipt of a Ksh 25.4 billion counter offer from Savannah Clinker Limited, a local building and construction solutions provider seeking to …
African Originals, Kenya’s leading craft beverage producer, has officially joined the Bar, Hotel, and Liquor Traders Association (BAHLITA) as part of its strategic efforts to foster meaningful partnerships within the …
The Stanbic Bank Kenya PMI® indicated a mild recovery in business conditions during August as the impact of protests faded, allowing firms to broadly resume normal operations. Activity levels rose …
The MACNUT Association, representing local Macadamia nut processors, is calling on the Government of Kenya through the Ministry of Agriculture to address the critical challenges facing the macadamia nut processing …
Investors in the ailing Cytonn Investments have come out to air their frustrations, calling out the CEO of Cytonn, Edwin Dande for frustrating their efforts to access the millions of …
Old Mutual Holdings PLC has today announced a profit after tax of Kes327 million for the first half of 2024. This marks a remarkable turnaround from the Kes195 million loss …
Listed diversified financial services firm Britam has posted an 18 per cent rise in pre-tax profit to hit Ksh2.8 billion for the six months ending June 30, 2024. The strong …
Family Bank Group has posted a KES. 2.32 billion Profit Before Tax in the first six months of 2024. This is a remarkable 15.4% increase compared to KES 2.0 billion …
Bolt has announced a 10% increase in base fares across all its ride categories. This decision reflects Bolt’s ongoing dedication to providing fair compensation and enhancing working conditions for its …
Absa Bank Kenya PLC has reported a profit after tax of Kshs.10.7 billion for the half year ended 30 June 2024, a 29% increase over the same period last year, …
Standard Chartered Bank Kenya Limited has released its results for 30 June 2024. “We delivered a strong set of results for the first half of the year with profit before …
I&M Group PLC has increased its Profit Before tax by 24% to KES 8.7 billion in the first half of 2024, up from KES 7.0 billion in the same period …
Kenyans who had taken advantage of the reverse calls offered by Safaricom so that they could never use their money to make calls are in for a rude shock after …
Absa Bank Kenya PLC has announced plans to expand its reach with over 17,000 agency service outlets across the country in two years. The first phase of this rollout will …
CFAO Mobility has handed over a fleet of 14 Hino buses, financed by Family Bank at a value of Ksh 103 million, to MetroTrans Bus Company, underscoring its commitment to …
The Cabinet Secretary for the National Treasury and Economic Planning, Hon. John Mbadi, has urged the Kenya Revenue Authority (KRA) to adopt more innovative and technologically advanced strategies to enhance …
For the first half of the financial year ending June 30, 2024, Kenya Airways (KQ) achieved a profit after tax of Kshs 513 million, from the Kshs 21.7 billion loss …
Stanbic Holdings Plc has announced a KES 7.2 billion profit after tax for the half year ended June 30, 2024. The listed company with operations in Kenya and South Sudan, …
Protests in Kenya disrupted the private sector in July, leading to a marked deterioration in business conditions. Political instability led to a reluctance among customers to commit to new orders, …
The Capital Markets Authority (CMA) has granted a license to Mi Vida Homes Limited to operate as a Real Estate Investment Trusts (REITs) Manager in a bid to deepen and …
Pwani Oil Products Limited (Pwani Oil) has unveiled its upgraded Ushindi Multipurpose Bar Soap, which has been reformulated to make it stronger, more durable, and gentler on hand while maintaining …
Superior Homes Kenya has expanded its footprint, launching its first project in Ruiru, Kiambu County. This follows the success of the 163-acre Greenpark Estate and the launch of the 172-acre …
HassConsult has released its Hass Property Price Index for the second quarter of 2024, revealing a modest 1 percent increase in property sales prices across Nairobi. This growth, while slower …
LG Electronics (LG) has reported a double-digit growth in its operating profit for the second quarter of 2024, driven by increased sales in home appliances and vehicle components. The company …
The surge in cryptocurrency adoption over the last decade, with Bitcoin’s value skyrocketing 100% to 200% annually, has propelled cryptocurrencies into the mainstream. The more cryptocurrency enthusiasts purchase crypto or …
Small and Medium-Sized Enterprises can now access affordable insurance services for extensive protection of business assets, mitigation of risks, employee health, and seamless business continuity. This bundled insurance innovation, dubbed …
Faulu Microfinance Bank, a subsidiary of the Old Mutual Group, is set to unveil new solutions to seal the gaps in financial service access affecting landlords, agents, and other players in real …
Property developer, Mi Vida Homes, hosted over 200 business partners for dinner at Nairobi’s Radisson Blu hotel, in a strategic move that aims at deepening business ties and growing the …
Hotpoint Appliances Limited, one of the leading sales channels of LG appliances and equipment, is offering mega-discounts of up to 40% as part of its 40th-anniversary celebrations, which began at …
Nippon Paint, the world’s fourth-largest paint company by revenue, has made a significant move into the East African market after officially launching in the market. The company’s wholly-owned subsidiary, “NIPSEA …
Kenyan business activity fell sharply in June amid reports of widespread economic challenges and a negative impact on sales from protests and policy uncertainty. New business intakes dropped at the …
Leading multi-category app, Glovo, is thrilled to announce the appointment of Daphne Kabeberi as the Impact and Sustainability Lead for Africa. This strategic move underscores Glovo’s commitment to shaping a …
Shri Krishana Overseas Ltd, a leading packaging solutions provider, has announced its intention to list by introduction on the Nairobi Securities Exchange (NSE). Shri Krishana Overseas plans to list by …
Jambojet Limited has officially launched a new direct flight route from Zanzibar to Mombasa, Kenya, as part of a strategic investment in the aviation sector to bolster socio-economic growth, particularly …
Diversified financial services firm Britam is reinvesting its profits for the financial year ending December 31, 2023, to continue to fuel its ambitious five-year business strategy. In its message to …
Water and Sanitation for the Urban Poor (WSUP), a leading international non-profit specialist in water and sanitation solutions for underserved urban communities has appointed Mr. Antony Ambugo as its new …
The Mastercard Foundation has announced the appointment of Carole Wamuyu Wainaina to its Board of Directors. Carole Wainaina is a senior business leader with 35 years of global experience in …
Stanbic Bank and Mobikey Kenya, a leading player in the zero-mileage vehicle distribution industry and a member of Grupo Jap have signed a Memorandum of Understanding (MOU) set to transform …
In May 2024, the Purchasing Managers’ Index (PMI) increased to 51.8 from 50.1 in April, indicating better business conditions. Costs decreased, and new business grew, leading to increased activity. Input …
Kuza Asset Management, a Nairobi-based asset management firm, now has KES 1 Billion in assets under management primarily driven by the strong growth from their private wealth offering and unit …
Following the completion of successful trials, Standard Chartered has launched SC Juza, a short-term lending mobile app for its clients. SC Juza aspires to meet the growing demand for short-term …
Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Kenya, celebrates its eighth anniversary in the country. To mark this milestone, Carrefour launched its ‘8 Years of …
Glovo has released its annual report on burger consumption in Kenya in celebration of International Burger Day on 28th May 2024. According to Glovo’s latest report, burger consumption in Kenya …
The hospitality industry’s expansion is expected to accelerate in line with domestic travel demand, with customers seeking convenient dining experiences that meet their dietary needs and provide access to their …
African countries need to trade in value-added and intermediate goods with each other and the rest of the world to address the continent’s developmental challenges. Platforms like the African Continental …
Sidian Bank announced its recent accolades at the prestigious Think Business Bank Awards 2024, where it was recognized for its Best Bank in Trade Finance – 1st Runner Up and …
Absa Bank Kenya PLC has announced a commendable 34% growth in its profit after tax to Kshs.5.9 billion for the period ending 31 March 2024, which illustrates the Bank’s progress …
Family Bank Group has posted a KES. 1.3 billion Profit Before Tax for the period ended 31st March 2024, representing a 24.3% growth from a similar period last year. This growth …
Family Bank Board of Directors has appointed Architect Francis Gitau Mungai as the new Chairman of the Board of Directors, subject to regulatory approvals, taking over from long-serving Chairman Dr. Wilfred Kiboro. Dr. …
To provide an optimized banking experience, Stanbic Bank has begun upgrading its core banking system called Temenos 24 (T24). The upgraded system will move the Bank to the latest version. …
Safaricom Investment Co-operative has launched its 158th project in Eldoret, Uasin Gishu County in a move to expand its footprints across the country. Dubbed ‘Adelaide Creek’, the 30-acre land project …
UBA Group has clocked 75 years of being in business, spreading its wings to more than 20 countries around the world, including Kenya. The bank began operations in 1949 on …
RightCard Payment Services Limited, trading as LemFi, is pleased to announce that it has obtained additional approval from the Central Bank of Kenya (“CBK”) to operate remittances in Kenya. This …
After the fifth round of negotiations under the United States – Kenya Strategic Trade and Investment Partnership (STIP), United States Trade Representative Katherine Tai and Kenya’s Cabinet Secretary for Investment, …
UBA Kenya has officially marked 15 years of operations in the Kenyan market of providing banking solutions to both individuals and businesses. The 15-year-celebrations come at the same time the …
Property development firm, Mi Vida Homes has signed a strategic partnership with Kimisitu Sacco members in a move that will see Sacco members use their financial products and services to …
In a bid to address the critical need for infrastructure development across the continent, the Executive Director and CEO of UBA Africa, Mrs. Abiola Bawuah, has emphasized the importance of …
With a strong presence and a proven track record of success in Ghana, IndigoHomes has now launched WoodleyPark, a new development that targets Kenya’s rapidly changing real estate landscape. Leveraging …
Biztech Outlook has named Centum Real Estate the fastest-growing company to watch in 2024. Centum Re is East Africa’s largest real estate developer and investor building model cities ground up, …
CCI Global has announced the grand opening of its Tatu City Call Centre. This new five-story building inside Tatu City, the 5,000-acre Special Economic Zone on Nairobi’s doorstep, represents a …
The Ministry of Investments, Trade and Industry has today announced the release of Ksh. 1.125 billion for the ongoing phase one of the County Aggregation and Industrial Parks, popularly referred …
Peach Cars has joined forces with Umba Microfinance Bank to introduce a groundbreaking 24-hour car financing option for customers. Improving Access to Hassle-Free Car Financing The partnership between Peach Cars …
Stanbic Bank took center at the ongoing China-Africa Economic Trade Exhibition (CAETE) from 9th May -11th May 2024, reaffirming its commitment to strengthening relations between Africa and China. As the …
The Board of Safaricom Investment Co-operative has appointed Churchill Winstone Ochieng’ as the new Chief Executive Officer. Churchill brings on board over 25 years of experience in leadership, cash flow management, …
Amaiya by Mi Vida, a mid-market apartment complex situated within the Garden City Development is 70% pre-sold, Mi Vida Homes has announced. The project is the second phase of the …
The Stanbic Bank Kenya PMI® signaled broadly stable operating conditions across the private sector in April, as order book volumes and output levels were little changed since March. The 12-month …
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