The Telkom Kenya and Airtel merger which kicked off in February last year has fallen through with the entities citing challenges in getting regulatory approvals...
Portuguese car company Salvador Caetano Group has announced that it has invested Ksh. 350 million into its car business in the Kenyan market. The company has in...
Safaricom has today announced that its shareholders have approved a Ksh. 1.40 dividend per share for the financial ending 31st March 2020. This is an increase f...
Safaricom has announced the retirement of its long-serving chairperson Nicholas Nganga which will be effective 1st August 2020. Former Safaricom CEO and current...
Kenyan supermarket chain, Naivas, has announced that it has opened its 64th store in Syokimau to serve residents in the area.
The new store is located on Mom...
East African Breweries Limited (EABL) has announced that it has registered a Ksh. 7 billion net profit in the financial period ending 30th June 2020. This is a ...
Carrefour Supermarket has announced that it has completed the second phase of its charity initiative to support underprivileged families across Nairobi affected...
Kenya has recorded a 58% drop in the number of jobs advertised since the first case of COVID-19 was recorded in the country on 13th March 2020. This is accordin...
Kenya Power (KPLC) and Safaricom have partnered to enable Safaricom customers to be able to pay for electricity through Bonga Points.
Customers will be able ...
Mobile Based Medical App RemD has emerged as the winner in the Microsoft Game of Learners (GOL) hackathon that was hosted recently. The hackathon was aimed as p...
The Safaricom Foundation has donated Ksh. 525,000 in airtime to Kibondeni College to assist students to be able to learn virtually.
The Safaricom foundation...
The Kenya Association of Manufacturers (KAM) has announced that it has partnered with Ajua to promote market linkages for Kenyan companies.
The partnership ...
IFC has announced that it has advanced a Ksh. 5B loan to Equity Bank Kenya to support Kenyan SMEs during the COVID-19 crisis.
The COVID-19 pandemic has crea...
The I&M Bank Foundation and the Kenya Community Development Foundation (KCDF) have announced the signing of a partnership to promote environmental conservation....
Kenyan telecommunication company Safaricom has announced that it has partnered with AYUDH Kenya to provide 20,000 white canes to blind and visually impaired per...
The International Finance Corporation (IFC) has announced a a $50 million loan to Equity Bank Kenya to help it increase working capital and trade-related lendin...
The Equity Group Board has appointed Professor Isaac Macharia as the Board Chairman taking over from David Ansell who did not offer himself for re-election at t...
Equity Group has mutually agreed with Atlas Mara (ATMA) to discontinue discussions on the proposed transaction where they had expressed the intention to acquire...
Safaricom has launched a Lipa na Mpesa business app for its more than 170,000 merchants. The app names “Mpesa for Business“, will empower business owners to ac...
WhatsApp, which was acquired by Facebook in 2014, yesterday announced a new payments service dubbed “WhatsApp Pay”. The service will allow users to send money t...
Absa has announced that it has restructured Ksh. 54B in loans in order to cushion its customers against the impact of the COVID-19 pandemic.
The bank announc...
On-demand ordering & delivery firm, GoBEBA has announced that it has partnered with Twiga to deliver fresh farm produce to its customers.
The deal will s...
Multichoice has signed a deal with Netflix and Amazon that will see it start streaming the services on its decoder. The move appears to be intended at helping t...
The Safaricom CFO, Sateesh Kamath, has been appointed to the role of Chief Financial Officer Vodafone Business, effective 1st July 2020. He will be reporting in...
Kenyan startups Ecobora Company and Inteco Kenya Ltd have been named as regional winners in the 2020 ASME Innovation Showcase (ISHOW). The competition is held b...
Absa Bank Kenya PLC has announced that it has reported a profit after tax of Ksh. 2.3 billion for the period ended 31 March 2020. This is a 13% growth compared ...
KCB Foundation has announced that it has donated Ksh. 2.5 million to Kenyan victims of flooding that has taken place in various parts of the country.
Benefic...
SHOFCO, Provide International and Ushirika School to provide water to an estimated 90,000 residents in Korogocho, Kawangware, Kibra and Mathare. These efforts a...
The Central Bank of Kenya (CBK) through a circular sent to all banks has ordered them to verify the contents of all safety deposit boxes in their custody. In th...
Bolt the on demand ride hailing app has raised an investment round amounting to Ksh 11 billion from Naya Capital Management to boost its growth and development ...
The Equity Group has withdrawn its recommendation of a Ksh. 9.5 billion dividend payout to its shareholders. The bank cited the need to conserve funds as the Co...
Safaricom Foundation has announced that it has partnered with Scope International partner to set up sanitation booths in 6 counties.
Thousands of people in ...
Family Bank has posted a net profit of Ksh. 297 Million for the three months to March 31st. This is an 85% rise from a similar period last year when the bank ma...
Equity Group has announced that it will offer its clients who have loans and are affected by the COVID-19 crisis a loan restructuring program. The bank has prom...
National Bank of Kenya (NBK) has today donated masks to the National Police Service to aid in the fight against the COVID-19 pandemic in Kenya.
The 4,000 mas...
UAP Old Mutual General Business, Uber & AutoXpress have partnered to distribute masks to Uber drivers to ensure they keep safe in the COVID-19 crisis.
Th...
National Bank of Kenya (NBK) has announced that it has posted a Ksh. 155 million in profit after tax for the first quarter of 2020 ending March. This is a 134% ...
Naivas Supermarket has donated food worth Ksh. 20 million to Kenyan families affected by the Covid-19 pandemic.
The 289 metric tonnes of food will be distrib...
UNICEF have partnered with Airtel Africa to support children and families affected by the crisis the COVID-19 pandemic has created.
Under the new partnershi...
Equity has invested in a new trade finance system that is aimed at improving turn-around time and boosting supply chain financing.
At its trial phase, the sy...
The NCBA Group has reported a Ksh. 1.6 Billion net profit for the period ended 31 March 2020. This represents a 20% rise in profitability from Ksh. 1.29 Billio...
Kenya Commercial Bank Group, the biggest lender in the country has posted a net profit of Ksh. 6.3 Billion for the period ended 31st March 2020. This represents...
