Jambojet is embarking on a critical growth strategy as it celebrates its 10th anniversary. The budget airline which is owned by Kenya Airways is eyeing additional regional routes and boosting …
Members of the Chartered Financial Analysts Society East Africa have called on African states to fast-track institutional reforms for the harmonization of African Capital Markets. Speaking in Kigali- Rwanda during …
Many Kenyan commercial banks have released their annual financial results for 2023. As expected, all those that have released their results have made profits with hefty payouts to their shareholders. …
Kenyans paid more for water, gas, electricity, and less for transport in March despite the easing of the inflation rate according to the latest stats from the Kenya National Bureau …
Bolt has been awarded the “Best Ride-Hailing Platform, East Africa 2024” by Global Brands Magazine in terms of commitment to excellence, innovation, and customer satisfaction in providing seamless transportation solutions …
German-based cleaning equipment manufacturer Karcher has announced an approximate Ksh 428 million investment in the Kenyan market. The move was made to operationalize the business into a full subsidiary, which …
Integrated financial services firm Britam Holdings Plc today posted a Kshs 4.82 billion profit before tax for 31 December 2023, a sixty-five percent increment from the Kshs 2.92 billion recorded …
Old Mutual Holdings Plc. has today announced its financial results for the financial year 2023, highlighting substantial growth and profitability across all lines of its business. The Group’s operating profit …
Family Bank Group has reported KES 2.5 billion Profit After Tax for the full year ended 31 December 2023, representing a 13.3% growth compared to KES 2.2 billion posted in …
Tatu Woodworks, a bespoke company specializing in European-standard joinery services, has begun operations at Tatu City. With decades of international experience and deep technical expertise, the company will deliver turnkey …
Superior Homes has officially launched a Kshs 14 billion master-planned gated community in Lukenya, Machakos County, that seeks to offer an appealing live, work, and play environment for those seeking …
LemFi, a financial technology company building innovative international payment solutions, announced today that Allen Qu will lead the business’s expansion to China as Vice President of Growth. This announcement comes …
Stanbic Holdings Plc has announced a KES 12.2 billion profit after tax and a total dividend payout equivalent of 50% of its earnings for the financial year ended December 31, …
Sidian Bank is proud to announce its achievement of securing 2nd place in the tier three category at the Kenya Banking Customer Satisfactory 2023 Survey Awards. This recognition underscores Sidian …
Family Bank has been voted as the best tier two bank and overall third-best bank in customer satisfaction and digital banking experience in a 2023 survey conducted by the Kenya Bankers Association. …
Business activity expanded across the Kenyan private sector in February, according to the Stanbic Bank Kenya PMI®, as a further softening of inflationary pressures supported a fresh increase in new …
At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and …
Safaricom Investment Co-operative shareholders have approved a KES 142.4 million rebate payout during the 15th Annual General Meeting. The payout comes after the Society reported a KES. 203.4 million in net …
We had the chance to talk to Laurent Sarr, the Chief Technology Officer at Global Voice Group (GVG), to discuss the intricacies of revenue mobilization in Africa. With years of …
Java House is expanding its reach with two more Java House Express outlets to share “Java Love” with more guests. This strategic expansion is a significant step forward as Java …
Mi Vida Homes, a real estate developer in Kenya has announced the addition of new partners to its unique loyalty program, Mi Club. The program which was launched late last …
Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in Kenya, has announced the launch of self-checkout services at its Village Market store. This is the second Carrefour …
Danish biotechnology firm Novozymes, which expanded its East Africa presence in 2019 with the opening of its Nairobi office, has successfully concluded its merger with Chr. Hansen. This is the …
LG Electronics Inc. (LG) the manufacturer of the LG brand of products that are popular in Kenya and all around the world, has reported record-breaking annual revenue for 2023, reaching …
Sidian Bank, a leading financial institution in Kenya, is proud to announce the grand opening of its Nyali branch in Mombasa. This expansion initiative aims to bolster support for the …
RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of …
Kenya’s private sector economy moved closer to growth territory in January, according to the latest PMI® survey data. Business activity and new order volumes dropped only fractionally, while firms expanded …
HassConsult has unveiled the Hass Land price index for the fourth quarter of 2023, showing that the average price of an acre across the city’s suburbs grew at the fastest …
HassConsult has released the Hass Property price index for the fourth quarter of 2023, revealing a marked reversal of property sale and rental asking price trends in the fourth quarter …
M-Pesa users will no longer be able to send money to unregistered numbers in a new communication from Kenya’s telecommunications giant, Safaricom in a move to “drive financial inclusion and …
Asset financing company Watu Credit (Watu) and Spiro, a pioneer in sustainable urban mobility solutions, have announced a partnership to improve access to affordable financing for electric motorbikes in Kenya. …
UBA Kenya has officially announced the appointment of Ms. Mary Mulili as its new MD/CEO, effective 19 January 2024, subject to regulatory approval. The appointment of Ms. Mulili marks a …
Air France, a global leader in aviation, continues to solidify its commitment to providing exceptional service and connectivity in Africa. Driven by its dedication to excellence, Air France continues its …
The government has affirmed its commitment to revising the taxation system, aiming to encourage more Kenyans to enter the manufacturing industry. This was announced by Dr Juma Mukhwana, Principal Secretary …
Old Mutual Limited today announced the sale of its full stake in UAP Insurance Tanzania, its short-term insurance business to a group within its current Minority Shareholding, pending regulatory approval. This …
E-mobility company, Agilitee, has announced its entry into the Malawian market through a strategic partnership with Innobuild Motors Limited, a subsidiary of Innobuild Group. “Innobuild Malawi is delighted to announce …
Panda Mart, a global chain store with a presence in more than 12 countries in the continent, has officially opened its doors to Kenyan shoppers offering a wide range of …
Bolt has announced the launch of a new feature on its app, called ‘Driver Compliments’. The new feature will prompt riders to give a specific, additional piece of positive feedback …
Leading real estate developer Superior Homes (Kenya) PLC has signed a partnership with Absa Bank Kenya that will see home buyers enjoy 90 percent financing. Through the partnership, Absa Bank Kenya will provide …
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of …
Mi Vida Homes, a leading real estate developer in Kenya has announced the complete sell-out of its highly anticipated flagship project, Mi Vida Garden City, pointing to the increased demand …
Sanlam Investments East Africa Limited (SIEAL) has today released their 2024 Investment Themes and Outlook report. In 2024, SIEAL projects an improving global macroeconomic backdrop as global monetary policy becomes …
Convergence Partners today announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva Holdings Limited to acquire 100% of Datacentrix Group. The acquisition …
As part of a consolidation of teams within CSI Energy Group, Natacha Emilien has been promoted to Deputy Group CEO of the company. She previously held the position of Chief …
About 90 percent of Bank of Kigali (BK) customers will access their services on digital channels within the next year, CEO Dr Diane Karusisi has said. Heavy investment in modern …
The latest Kenya PMI® findings signaled a strong move towards stability in private sector business conditions in December, helped by a considerable cooling of inflationary pressures. Rises in input costs …
Bolt, the leading on-demand mobility platform in Africa, has introduced a new cancellation option in its app, aimed at deterring users on its platform from taking offline trips and paying …
This year, Bolt turned 10, reaching 150M+ customers across more than 500 cities worldwide in 45 countries. This year’s Bolt Rewind data reveals what customers across the world have in …
Everyone needs a roof above their heads. According to the Worldometer, Kenya’s 2023 population is estimated at 55,100,586 people at mid-year. Kenya’s population is equivalent to 0.68 percent of the …
This holiday season presents a prime opportunity for businesses to capitalize on the transformative potential of Web3 payments, especially considering the anticipated surge in transactions during this traditionally capital-intensive period. …
Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi’s doorstep, has strengthened its workforce with over 100 key appointments in 2023 as businesses and homeowners from Kenya and …
The International Finance Corporation (IFC) has concluded and signed an equity investment worth KSh3.08 billion ($20.9 million) into IHS Kenya, a US-owned Southern African Private Equity fund manager that is …
After months of speculations and accusations against Watu Credit, an Asset FinTech revolutionizing mass-market mobility across Africa through financial inclusion and accessibility, the Senate has cleared the company of any …
Printcare has chosen ALP West Logistics Park as the site for their upcoming manufacturing and packing plant in Kenya. Scheduled to commence operations in April 2024, this facility aligns with Printcare’s …
The Lake Turkana Wind Power project, a sprawling expanse of majestic turbines standing tall against the stark horizon, is not merely a collection of giant blades cutting through the air …
Flutterwave has acquired payment licenses in 13 states in the United States of America as part of the company’s strategies to dominate the remittance market in Africa. Remittance from Africans …
LG Electronics East Africa has today announced an exciting month-long campaign designed to spread joy and cheer throughout the festive month of December. This special promotion is set to bring …
This year will be remembered as the moment that we, as individuals, began to harness the power of AI in our daily lives. The last 10 months reflect years of …
In a pioneering move to foster stronger ties with the diplomatic community. The event served as a pivotal platform to discuss collaborative efforts aimed at enhancing trade linkages, promoting economic …
African Export-Import Bank (Afreximbank) announces that the third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion of business deals and transactions valued at …
Tatu City has been identified as a model for Environmental, Social, and Governance (ESG). During the recent 2023 Africa Economic Zones Organization (AEZO) SEZ Annual Meeting in Morocco, Tatu City …
British International Investment (BII), the UK’s development finance institution and impact investor, today announced $5 million in debt funding for BasiGo Ltd., Africa’s leading Electric Bus solution provider. The funding …
Business conditions in Kenya remained in a steep decline halfway through the final quarter of the year according to the latest PMI® survey data, amid sizeable falls in output, new …
Kenya Wine Agencies Limited (KWAL) has revamped one of its iconic brands, Kibao Vodka, by repositioning it as an aspirational brand to meet the ever-evolving consumer tastes, in line with the company’s …
Glovo has released its annual report “Glovo Delivered” showing key insights and trends derived from an in-depth analysis of user consumption habits in the app throughout 2023. Kenyan Taste Experiences …
Family Bank Group has posted a KES. 3.02 billion Profit Before Tax for the period ended 30 September 2023. During the period, total assets increased to KES 140.97 billion a …
Premier Bank Kenya is elated to announce the opening of the Baraka Bazaar branch in Eastleigh, a vibrant business hub in Nairobi-Kenya. This expansion is in line with the bank’s …
Java House has launched its first branch in Meru County, signaling the growing influence of the region as an investment, tourism, and business destination. The new outlet, located at the …
Browns Investments PLC has announced the completion of its acquisition of Kenyan tea estates business James Finlay Kenya from Finlays. The sale was first announced in May 2023, with Finlays …
RUBiS Energy Kenya has launched RUBiS Gas at an exclusive culinary experience – the ‘Ultimate Chef’s Table’ in collaboration with Pikika Brunch. Pikika Brunch is one of Kenya’s premier cooking festivals that provides an exciting and …
BK Group has reported a 26.7% jump in net profit to KES20.4 billion for the 9 months ended September 30, driven by robust growth in interest income. BK Group’s total …
In the past six months, Bolt has discontinued the services of more than 5,000 drivers from its platform due to non-compliance and safety-related matters. Additionally, Bolt has dedicated over 20 …
BK Group Plc investors are set for an early Christmas gift after the board approved an interim dividend payout of KES1.05 per share. The dividend disbursement will be made just …
Absa Bank Kenya PLC has reported net earnings of Kshs.12.3 billion for the nine months ended 30 September 2023, a 15% increase over the same period last year, driven by …
Property developer, Mi Vida Homes, has commenced construction of its three key projects, namely Amaiya and 237 GC anchored within Nairobi’s Garden City Development and KEZA in Riruta, as it …
The Board of Directors of Family Bank has announced that Managing Director & Chief Executive Officer Rebecca Mbithi will be transitioning from the bank after a five-year term at the …
Tanzania’s drive to industrialize its sunflower sector has stumbled for the 2023/2024 growing season on a deal to bulk-source high-yield seeds for the country’s one million sunflower farmers. The deal, …
Jambojet, Africa’s leading low-cost airline, has announced a new route from Mombasa to Zanzibar, set to commence operations in July 2024. The Mombasa – Zanzibar route comes with the advent …
The month of November is often referred to as the “Black Friday” month. Some just call it The Black November. It is the only month in a year that most …
The United Nations Development Program (UNDP), World Bank, and Kenya Investment Authority (KenInvest) have today announced a new partnership to develop and implement an Investment Facilitation Framework and Foreign Direct …
Africa’s leading integrated communications agency, 3 Verse (3VR) has triumphed in a hotly contested global pitch for East African tech giant Safaricom. The agency was appointed as the lead creative …
Absa Bank Kenya’s ongoing commitment to making a positive environmental impact through sustainable lending practices was recognized by the Kenya Bankers Association (KBA) during the seventh edition of the SFI …
In a move aimed at enhancing continuous access to affordable, flexible, and convenient credit amid the ongoing credit crunch, Kenya’s largest non-bank lender by market share, Tala, has introduced a …
Zimele Asset Management has launched a new digital administrative and investment solution that will not only offer chamas attractive investment returns but will also give the members greater control and …
The first Special Economic Zone with a gazetted customs control area in East Africa has been launched at the Nairobi Gate Industrial Park tailored towards supporting manufacturing, industry, economic growth, …
African giant fintech, Flutterwave, has been cleared of all wrongdoing and is now free to operate on the Kenyan market. The good news comes ahead of the company’s plans to …
Safaricom (NSE: SCOM) has recorded a strong growth in profitability for the six months to 30th September 2023 with the Kenyan business hitting a double-digit growth in Net income to close …
The United States Agency for International Development (USAID) awarded BasiGo a USD 1.5 Million grant through its Development Innovation Ventures program. The grant directly supports BasiGo’s pilot program in Kigali …
HassConsult released the Hass Property Sales and Rental price indices for the third quarter of 2023, revealing a drop in average sales prices of 1.1 percent in the quarter, resulting …
Fans of LG products in Kenya are set for a delightful surprise as LG Electronics East Africa launches its highly-anticipated Black Friday campaign, which will run for the entire month of November. …
Kenyan private sector firms faced unprecedented inflationary pressures in October, the latest PMI® survey data showed, driven by a further rise in fuel prices and ongoing currency weakness. Input costs …
Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has again announced a splendid performance in its unaudited financial results for the third …
Pwani Oil has launched its latest innovation, Sawa Milking Jelly, an all-natural and preservative-free product that offers the dual benefits of skincare and milking. This groundbreaking addition to the Sawa …
The Government of Kenya has temporarily stopped the export of avocados from the country starting this Friday to allow the fruits to mature after allegations that some traders were exporting …
The 6th Edition of the Changamka Kenya Shopping Festival has officially kicked off at the Kenyatta International Conference Center (KICC) with calls on Kenyans to take advantage of the Festival and …
Kenchic has attained the Food Safety System Certification for its state-of-the-art processing plant located in Thika. “This certification reaffirms our dedication to ensuring that our customers receive the highest quality …
Kenya Power and Lighting Company (KPLC) reported a 3.19 billion shillings net loss for the year ended June 2023, blaming it on the sharp rise in financing costs on its …
With all factors constant, the Kenyan shilling is headed towards the 160-shilling mark against the US Dollar, kicking off the day at 157 shillings, the lowest the local currency has …
Kenyan businesses are increasingly keeping away from commercial banks from taking loans and paying suppliers, instead opting to negotiate with suppliers and get their products on credit. This is according …
Kenya’s largest non-bank lender by market share, Tala, has named Annstella Mumbi, as its new General Manager for the Kenya Unit effective immediately, making her one of the small number …
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