KRA’s Customs Has Been Collecting Ksh 3.5 Billion Daily
KRA’s Customs and Border Control (C&BC) Department recorded an accelerated growth rate of 11.1% in revenue…
Mi Vida Kicks Off Construction Of Three Key Projects, Eyes Investors
Property developer, Mi Vida Homes, has commenced construction of its three key projects, namely Amaiya and…
Rebecca Mbithi Leaves Family Bank As CEO, Nancy Njau Takes Over
The Board of Directors of Family Bank has announced that Managing Director & Chief Executive Officer…
Tanzania Loses Sunflower Industry Boost For 2024 On Stalled Seed Subsidy Scheme
Tanzania’s drive to industrialize its sunflower sector has stumbled for the 2023/2024 growing season on a…
Jambojet Kicks Off Flying From Mombasa To Zanzibar
Jambojet, Africa’s leading low-cost airline, has announced a new route from Mombasa to Zanzibar, set to…
How To Take Advantage Of Black Friday And Save Up To Ksh 25,000
The month of November is often referred to as the “Black Friday” month. Some just call…
Kenya’s Investment Promotion Efforts Attracts UNDP And World Bank
The United Nations Development Program (UNDP), World Bank, and Kenya Investment Authority (KenInvest) have today announced…
South Africa’s 3VR Wins Safaricom Marketing Accounts
Africa’s leading integrated communications agency, 3 Verse (3VR) has triumphed in a hotly contested global pitch…
Absa Bank Kenya Triumphs At The 2023 KBA SFI Catalyst Awards
Absa Bank Kenya’s ongoing commitment to making a positive environmental impact through sustainable lending practices was…
Tala Introduces A Loan Top-Up Feature For Kenyans
In a move aimed at enhancing continuous access to affordable, flexible, and convenient credit amid the…
Zimele Asset Management Launches Something For Kenyan Chamas
Zimele Asset Management has launched a new digital administrative and investment solution that will not only…
First East African Special Economic Zone With Customs Control Area Launched
The first Special Economic Zone with a gazetted customs control area in East Africa has been…
Flutterwave Cleared Of Wrongdoing As High Court Closes Case By ARA
African giant fintech, Flutterwave, has been cleared of all wrongdoing and is now free to operate…
Safaricom’s Net Income Ups 10.9% To Ksh 41.6 Billion In Half -Year Ended September 2023
Safaricom (NSE: SCOM) has recorded a strong growth in profitability for the six months to 30th September…
BasiGo Awarded USD 1.5 Million From USAID To Go Ham In Rwanda
The United States Agency for International Development (USAID) awarded BasiGo a USD 1.5 Million grant through…
Prices Of Detached Houses Fell By 1.7% In The Quarter
HassConsult released the Hass Property Sales and Rental price indices for the third quarter of 2023,…
LG To Give Customers Up To Ksh 25,000 This Black Friday Month
Fans of LG products in Kenya are set for a delightful surprise as LG Electronics East…
Kenyan Businesses Suffering Under High Fuel Prices – PMI
Kenyan private sector firms faced unprecedented inflationary pressures in October, the latest PMI® survey data showed,…
UBA Bank Records 115% Growth In Gross Earnings
Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc,…
Pwani Oil Unveils “Arimis” Called Sawa Milking Jelly
Pwani Oil has launched its latest innovation, Sawa Milking Jelly, an all-natural and preservative-free product that…
Kenya Bans Avocado Exports With Immediate Effect
The Government of Kenya has temporarily stopped the export of avocados from the country starting this…
Largest Shopping Festival Kicks Off At KICC
The 6th Edition of the Changamka Kenya Shopping Festival has officially kicked off at the Kenyatta International…
Kenchic Gets Important Certification On Food Safety
Kenchic has attained the Food Safety System Certification for its state-of-the-art processing plant located in Thika.…
Why It Is Ridiculous For Kenya Power To Make Massive Losses
Kenya Power and Lighting Company (KPLC) reported a 3.19 billion shillings net loss for the year…
Kenyan Shilling Hits Ksh 157 Against The US Dollar, The Greatest Fall In History
With all factors constant, the Kenyan shilling is headed towards the 160-shilling mark against the US…
Kenyan Businesses Are Keeping Off Banks Taking Goods On Credit From Suppliers
Kenyan businesses are increasingly keeping away from commercial banks from taking loans and paying suppliers, instead…
Tala Picks Annstella Mumbi As The New General Manager
Kenya’s largest non-bank lender by market share, Tala, has named Annstella Mumbi, as its new General…
Farmers Will No Longer Transport Miraa Using Probox And Pick-ups
Miraa traders will be stopped from transporting the product using pick-ups, proboxes, and motorbikes if the…
Bolt’s Minimum Fare Increased To Between Ksh 200 And Ksh 250
A few days after the National Transport and Safety Authority (NTSA) said that it might not…
Someone Stole Ksh 700,000 From Akothee’s Absa Bank Account And Bank Denied Her Info
Singer and businesswoman Akothee has called out Absa Bank Kenya for failing to update her on…
UBA Kenya Pioneers Introduction Of Braille Account Opening Forms For Visually Impaired Customers
United Bank for Africa (UBA), has launched the UBA Braille Account Opening Form, a first-of-its-kind initiative…
De La Rue’s $9.6 Million Somaliland Contract Questioned
Sahimiye Foundation has called on De La Rue, the world’s biggest printer of banknotes, to cancel…
East African Economy To Grow A 5.1% and 5.8% In 2023 And 2024
Stanbic Bank held the inaugural East Africa Business Summit at the Muthaiga Golf Club in Nairobi,…
UBA Bank Kenya To Foster Business And Economic Development In Kenya
UBA Kenya, a subsidiary of the United Bank for Africa (UBA) Group, partnered with the Nigerian…
The 6Th Changamka Kenya Shopping Festival Launched
The Kenya Association of Manufacturers (KAM) has today launched the 6th edition of the Changamka Shopping…
Equity Bank Commits To Help More Kenyans Own Property In Tatu City
Tatu City has teamed up with Equity Bank Kenya to offer financing solutions for property purchase…
Maiyan Luxury Resort To Change Name To Sarova Maiyan Nanyuki In Sarova’s New Expansion Drive
Sarova Hotels & Resorts, Kenya’s leading indigenous hospitality group, has announced its latest addition to the…
Moody’s Affirms East African Development Bank’s Baa3 Rating, Maintains Stable Outlook
Moody’s Investors Service (Moody’s) has affirmed the East African Development Bank’s (EADB) Baa3 long-term issuer rating…
Old Mutua’s Profits Before Tax Hits Ksh 0.2 Billion In 6 Months
Old Mutual Holdings PLC has recorded a KES 0.2 billion profit before tax for the half-year…
Stima Sacco Awarded The Best Sacco In Automotive Financing
Kenya’s largest Sacco in both assets and dividends paid, Stima Sacco, has been awarded as the…
Old Mutual Appoints Loreen Makwanya As New MD To Head Its Life Business
Old Mutual Group has appointed Loreen Makwanya as its new Managing Director, to head its Life…
KLM’s Passenger Traffic Grows By 11.6 Percent
Air-France KLM group airline expects Available Seats per Kilometer (ASK) among its airlines to go back…
Scammers Use Fake Cryptocurrency Trading Pools To Steal More Than $1 Million
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released findings on…
Sendwave Goes For Kenyans Living In The US
Kenyans living in the US stand to gain from a new banking product that allows users…
Old Mutual Turns To One-Stop Financial Solutions Model
Old Mutual Kenya (OMK) has opened a second full-suite branch in the coastal city of Mombasa,…
Flutterwave To Invest Ksh 7.3 Billion Into The Kenyan Market
Flutterwave, Africa’s largest payment service provider, has revealed that it is planning to pump at least…
Konza Technopolis Appoints John Okwiri As New CEO
Konza Technopolis Development Authority (KoTDA), the agency mandated to implement the Konza Technopolis project, has today…
Britam Now To Start Covering Aircrafts In A New Insurance Product
Britam General Insurance has launched an Aviation insurance solution that will provide cover for individuals and…
Kenyan Businesses Slightly Bloom In August In Latest PMI
The August Stanbic Bank Kenya PMI pointed to a slight improvement in the health of the…
Richard Muturi Appointed COO At Crown Paints
Paint manufacturer Crown Paints (Kenya) Plc has appointed Richard Muturi as the Group Chief Operating Officer…
Bank Of Kigali Makes Ksh 4.4 Billion In 6 Months
BK Group has reported a 30.3 percent jump in half-year net profit to KES4.4 billion, driven…
Britam’s Interim Pre-tax Profit Rises By 193% To Hit Kshs 2.38 Billion
Integrated financial services firm, Britam Holdings Plc, has today announced a profit before tax of Kshs…
CIC Insurance Profits Rises 153% In 6 Months
CIC Insurance Group Plc is pleased to release our 2023 half-year results based on the new…
Kenya Re Made Ksh 900 Million In Profits In 6 Months
Kenya Reinsurance Corporation Limited (Kenya Re) has today reported a Profit before Tax (PBT) of Kshs…
Family Bank’s Profits Before Tax For 6 Months Hit Ksh 2 Billion
Family Bank Group has posted a KES. 2.0 billion Profit Before Tax in the first six…
Flutterwave Pushes Ahead With Its First IPO
Flutterwave, Africa’s largest payment service provider is in the process of going public through the issuance…
Safaricom Ethiopia Goes Live With M-Pesa 3 Months After Getting Approval
M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument…
Easy Coach Lifts Ban On Omena Transportation After Social Media Uproar
Long distance transport service provider, Easy Coach had announced that it will no longer ferry fresh,…
Maize At Galana Kulalu To Hit 20,000 Acres
Galana Kulalu, August 12, 2023…Twiga Foods intends to expand the irrigated acreage at the Galana Kulalu…
Moses Kuria Wants 25% Tax Slapped On Mitumba
The Mitumba sector in Kenya is one of the largest employers in a country whose unemployment…
M-Pesa Account And Daily Limits To Rise To Ksh 500,000
Safaricom (NSE: SCOM) is set to increase M-PESA account limits to KSh. 500,000 following approval from the Central…
Stanbic Bank Makes Ksh 7.1 Billion In Profits In 6 Months To June
Stanbic Holdings Plc has announced a KES 7.1 profit after tax for the half-year period ended…
BasiGo Goes Big With A 36-Seater Electric Bus For Kenya
E-mobility company, BasiGo has announced the introduction of the “E9 Kubwa”, a 36-seater electric bus custom designed…
60,000 Kenyans Use The Nairobi Expressway Daily
As the Nairobi Expressway marks one year since it was opened to the public, it has…
Stima Sacco Lands In Kisii, To Issue Affordable Credit And Saving Options
Africa’s second-largest Sacco in terms of asset base, Stima Sacco has continued to spread its wings…
Uber Adds M-Pesa As A Payment Channel For Passengers
Uber and Safaricom (NSE: SCOM) have launched a partnership that will see riders across Kenya pay for trips…
Maize Prices Still High In Western Kenya Despite Harvesting
The price of dry maize is still high in most parts of the country, including Western…
Kenyans Used 10 Times More Of Monthly Income On School Supplies
WorldRemit, a digital remittances brand within Zepz, releases its third year of global data and findings,…
BasiGo Enters The Rwandan Market With Electric Buses
Electric bus pioneer, BasiGo, has made a second entry into the African market with the launch…
Sale Prices For Houses In Langata And Ngong Up 12.8% And 18%
HassConsult has unveiled the Hass Property price indices for the second quarter of 2023, with property…
Pwani Oil Diversifies To Home Care Manufacturing
Leading edible oils and detergent manufacturer Pwani Oil Limited has announced a significant investment in an ultra-modern…
LG Rolls Out Commercial Laundry In the Coast Region
Demand for professional laundry services in the country is expected to surge by the end of…
Property Developer Mi Vida launches Loyalty Program
Actis-backed property developer, Mi Vida, has unveiled the Mi Club, a loyalty program designed to reward…
Bank Of Kigali SME Centers Disburse Ksh13.2 Billion Loans In 10 Months
Bank of Kigali disbursed Ksh 13.2 billion through its Small and Medium Enterprises (SMEs) center in…
Banseok Industry Donates Peanut Peeling Machines To 5 Counties
Banseok Industry Company Ltd Country Director Mr. Fredrick Kimani (Right) explains to attendees of the event…
Those Buying Cars From CFAO Motors To Get 100% Financing
CFAO Motors Kenya and Stanbic Bank Kenya have today signed an agreement that will see customers…
How To Win Instant Prizes With Safaricom Go Monthly
Kenya’s telecommunication giant, Safaricom, has launched the ‘Gomoka na Go Monthly’ promotion that will see customers…
Another Blow To Equity Bank As East African Cables Gets Another Injunction
East African Cables PLC (“EAC”) has obtained a court injunction in regard to the notice dated…
TransCentury Gets Court Injunction Stopping Receivership
TransCentury PLC (“TC”) would like to inform shareholders and the public that the company has obtained…
Stima Sacco Launches A New Branch At Electricity House
Stima DT Sacco, to bring services closer to the people, has today launched a new branch…
Kenyans Are Eating More Sushi Than Any Other
From spicy maki rolls to skillfully sliced sashimi, sushi is an evolving favorite for Kenyans looking…
Britam Asset Managers Get A New CEO
The Board of Britam Holdings Plc has appointed Mr. Barack Obatsa as the Chief Executive Officer…
Anyone Spending Ksh 3000 At Carrefour Is Getting Ksh 400 Back This Tuesday: Here Is The Secret
The cost of living is just off the roof for millions of Kenyans. The price of…
Over 200,000 To Access Clean Water From Family Bank
Over 200,000 people across 6 counties are set to access clean water through a KES 330…
Java House Lands In Eastleigh With A New Branch
Java House has launched a new branch, its 84th in the region in Nairobi’s bustling Eastleigh…
Faulu Named Best Microfinance In Product Innovation
Faulu Bank has emerged as the best Microfinance bank in digital banking and product innovation at…
Absa Bank’s Profits Spike To Hit Ksh 4.5 Billion In Q1
Absa Bank Kenya PLC has today reported a Profit after Tax of Kshs.4.5 billion for the…
Bank Of Kigali Q1 Profit Jumps 28.5% To Ksh 2.1 Billion
BK Group has reported a 28.5 percent increase in first-quarter net profit to KES2.1 billion, driven…
Kenyan Gen Z Rely On TV For News: Is This True?
Most young Kenyans – millennials and Generation Z (Gen Zs) – rely on TV stations as…
Family Bank Nets Ksh 1.04 Billion In Profits In 3 Months
The Family Bank Group has recorded a 1.04 billion shillings Profit Before Tax for the period…
BasiGo Launches Another Electric Bus Charging Station In Kenya
BasiGo has launched a first-of-its-kind, high-power DC Fast charging station for electric buses in Buru Buru.…
Faulu Commits To Support Kenyan Social Entrepreneurs
Faulu has reinforced its commitment to empowering social entrepreneurs by crafting and rolling out tailored sustainable…
Emirates Group Registers New Record Profits To USD 3 Billion
The Emirates Group has released its financial results. Emirates achieved new record profits, a complete turnaround…
M-Kopa Raises Ksh 35 Billion For Expansion
M-KOPA has closed over $250m in new debt and equity funding to expand its financial services…
KCB Beats Equity In Both Assets And Customer Deposits
KCB Bank has dethroned Equity as the largest lender in the country by asset size on…
Stanbic’s Q1 Profits Spike To 3.9 Billion Shillings
Stanbic Bank has announced a 3.9 billion shillings profit after tax for the first quarter ended…
Safaricom Ethiopia Receives License To Operationalize M-Pesa In Ethiopia
Safaricom Ethiopia through its newly established and wholly owned subsidiary; Safaricom M-PESA Mobile Financial Services PLC…
CFAO Motors Kenya Acquires DT Dobie In An Expansion Drive
CFAO Group has acquired DT Dobie Kenya. DT Dobie has transferred its business assets to CFAO…
20-Year-Old Student To Shop For Free For 12 Months
A 20-year-old Eldoret National Polytechnic student won a year’s worth of shopping courtesy of Coca-Cola. Michael…
LG Posts Ksh 153 Billion Profit For The First Quarter Of 2023
LG Electronics Inc. (LG) has reported a Ksh 153.15 billion profit for the first quarter of…
A New Mobile Loan Platform Launched In Kenya, To Offer Up To Ksh 100,000
Letshego Kenya Limited, a subsidiary of Letshego Holdings Limited (Letshego Group), has partnered with Creditinfo Kenya…
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