Kenya’s minimum wage has been increased by 12% during this year's Labour Day by President Uhuru Kenyatta amid rising inflation and increase in basic goods. The ...
SunKing has raised $260 million in series D funding in a bid to deliver off-grid energy technologies to more people across Africa and Asia.
The latest fundin...
Banking outfit NCBA Group has announced that it has posted a 21.4 per cent growth in profit after tax for the first three months of 2022 to Ksh. 3.4 billion fro...
Safaricom has apparently put in motion plans to protect the privacy of Lipa na M-pesa customers by hiding some of their details when they make payments to merch...
Kenchic has announced its commitment to animal welfare and food safety today, through a number of policy and guideline documents that can be found on the compan...
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Incl...
Eden Life, a home concierge services scheduling platform, has announced it has set up operations in Kenya and also acquired Kenyan company Lynk.
Lynk is a fo...
Agri-business company Kakuzi Plc has received a global certification for sustainable water resources management for its Avocado and Blueberry farming operations...
Lofte Kesho has emerged as the overall winners in the Glovo tech startup competition in Kenya. The competition was launched by the company in March this year.
...
The Kenya Association of Manufacturers (KAM) has announced that current CEO Ms. Phyllis Wakiaga will leave the organization at the end of June after 9 years wit...
Telecommunication company, Safaricom, has announced that it has appointed Stephen Kiptinness as Chief Corporate Affairs Officer. It has also announced that long...
East African Breweries plc (EABL) has today announced an interest payment of Ksh. 673.8 million to bond holders of its Ksh. 11 billion medium-term corporate bon...
Bamburi Cement Group has announced a net profit of Ksh. 1.38 billion for the period ended 2021. This represents a 22.2% rise in profitability as compared to th...
Absa Life Assurance Kenya (Absa Life), a subsidiary of Absa Group Limited, has recorded an 84% growth in profit after tax to KES 245 million for the period ende...
SBM Bank Kenya Chief Operating Officer, Amrit Gayan has been named the best Financial Innovator of the Year in the region at the Finnovex Awards. The awards wer...
Bolt the ride hailing app is considering ceasing operations in the Tanzanian market following a new 15% service fee directive by the Land Transport Regulatory A...
Integrated Payment Services Limited (IPSL) which runs the PesaLink payments ecosystem has signed a Memorandum of Understanding (MoU) with Mastercard. This is in...
Jambojet has selected Laminaar Aviation Infotech’s ARMS® Flight Planning System for its flight operations.
ARMS® which provides fully-automated flight planni...
26 companies which were part of the trade delegation organised by Equity Group to the Democratic Republic of Congo have committed trade investments worth $1.6Bi...
Ever wanted to invest in a laundromat but just didn't know how to go about it? Well, you are in luck as LG Electronics, Avana Laundromats and Hotpoint have par...
Resolution insurance customers woke up to a rude shock after they got emails indication that their covers had been cancelled. This follows the collapse of the i...
Telkom, Safaricom, and Airtel have today announced the interoperability of their mobile money service platforms. This will allow Kenyans to make mobile money pa...
Insurance is a product which in my opinion is a must have, however, its uptake has been very low with the Central Bank of Kenya reporting that by the end of 202...
Standard Chartered Bank (Stanchart) has partnered with Sightsavers and Light for the World for the next two years to upscale the ‘Futuremakers Inclusive Employa...
NCBA bank partners with AMREF Flying Doctors in a bid to offer discounts to customers using air ambulance and ground evacuation medical emergencies.
The one-ye...
I&M Group PLC has reported a 3% growth in profit after tax to Ksh. 8.6 billion, this was as compared to Ksh. 8.4 billion for the same period in 2020.
The...
Daikin Industries, the world’s largest maker of air conditioning equipment, has launched its operations in Kenya as part of its global strategy to increase foot...
With over 26 years of experience in the airline industry, Leloup first joined Emirates in 2012, taking on the role of Area Manager in Côte d’Ivoire and overseei...
NCBA Group Plc has reported a KSh 10.2 Billion net profit for the financial year ended 31st December 2021. This is a increase of 121.7% from the Ksh. KSh 4.6 Bi...
Natbank Trustee and Investment Services Limited (Natbank), a wholly owned subsidiary of the National Bank of Kenya Limited, has announced a profit after tax of...
Equity Group recorded net profit growth of 98 percent to Ksh39.17 billion from Ksh19.78 billion the previous year.
This rise in profitability was on the bac...
Uber has announced the appointment of Imran Manji as their new Head of East Africa. He will be responsible for Uber’s business strategy and growth across the re...
Absa Life Assurance Kenya (ALAK), an Absa Group subsidiary, has signed a product distribution agreement with Hisa Africa Insurance Agency.
Hisa Africa is a rep...
The KCB Group has converted a Sh3.45 billion long-term loan it had given to National Bank of Kenya (NBK) last year into equity. This is meant to enable NBK to m...
Today, many forex brokers prefer Metatrader 5 and easily abandon its predecessor. What is the reason why many traders switch from MT5 to MT4? Do experienced tra...
Co-operative bank has posted a 53% rise in their net profit to stand as Ksh. 16.5 Billion as compared to Ksh. 10.8 Billion for a similar period last year.
Th...
CIC Insurance Group has reported a net profit of Ksh. 668.4 Million for the year ended 31st December 2021 as compared to a net loss of Ksh. 296.8 Million for th...
KCB Group Plc has reported a Ksh. 34.2 Billion net profit for the year ended 31st December 2021. This was a 74% rise in profitability as compared Ksh. 19.6 Bill...
Absa Bank Kenya PLC has reported a net profit of Ksh. 10.9 billion for the year ended 31st December 2021. This marks a 161% rise in profitability as compared t...
Safaricom has announced that M-PESA now has over 30 million customers using the mobile money service every month in Kenya.
The milestone comes a few days aft...
The KCB Foundation has announced its support for the conservation of Tana River and has made an initial investment of Ksh. 5 million.
The KCB Foundation has ...
IFC has today announced that it will invest Ksh. 228 million (USD 2 million) to support tech startups and women entrepreneurs in East Africa.
IFC will invest...
