I&M Holdings has completed the acquisition of a 90% stake in Uganda’s Orient Bank in a deal valued at Ksh. 3.6 billion.
The firm, which is also listed in...
Mobile tech brand, TECNO mobile, has launched the innovative Spark 7P smartphone for Gen Z. The new smartphone will be available in the global market soon.
...
A number of multilateral development banks and development partners have pledged over Ksh. 1.841 trillion ($17 billion) in financing to address rising hunger on...
Huawei recently held the 6th edition of the Unitech Talk themed The role of e-commerce in trading. The talk brought together experts from the private sector and...
LG Electronics (LG) has released its first-quarter 2021 consolidated sales of Ksh. 1.8 trillion ($16.90 billion) and operating profit of Ksh. 145 billion ($1.36...
Goodwell Investments has launched a Ksh. 6.5 billion ($60 million) investment fund for entrepreneurs in Africa, dubbed Goodwell V. The fund will channel capital...
Telkom customers can now use T-Kash, the telco’s digital financial services platform, to send money across local networks at no cost, for the next 60 days. With...
Britam Holdings has reported a net loss of Ksh. 9.1 billion for the financial year ended 31st December 2020. The financial services provider firm attributes thi...
A new EABC study on the impact of COVID-19 has revealed that the EAC Partner States are estimated to have lost international tourism receipts to the tune of Ksh...
Meta Electric, a subsidiary of Meta Group Africa, has launched Kenya’s first Electric service delivery vans.
The launch follows a recent initiative by the UN...
Airtel Africa has announced the appointment of Olusegun Segun Ogunsanya, as CEO Airtel Africa, effective 1st October, 2021. Olusegun will succeed Raghunath Ragh...
The partner organizations behind Lacuna Fund have announced the second cohort of supported projects supporting Natural Language Processing (NLP) technologies Ac...
Retail store Carrefour, owned and operated by Majid Al Futtaim in Kenya, has opened another store at the Garden City Mall, its second branch along the Nairobi-T...
The American Chamber of Commerce (AmCham) Kenya has partnered with the U.S. Africa Business Centre (USAfBC) and Covington to publish a business trade report. Th...
Huawei has announced its business results for the first quarter of 2021. The company generated Ksh. 2.5 trillion ($23.17 billion) in revenue, a 16.5% decrease c...
Insurtech start-up, OKO, has closed a Seed investment of Ksh. 129,480,000 ($1.2 million). The investment round was led by by Newfund and ResiliAnce. Mercy Corps...
Applications are now open for the Smart Cities Innovation Program (SCIP), aimed at accelerating 30 African tech startups in the fields of mobility, housing and ...
PwC Kenya has urged taxpayers to comply with the Finance Act 2020 on Digital Service Tax (DST) that introduced a tax of 1.5% of the gross transactional value ef...
Two of Equity Group subsidiaries, Equity Bank Uganda and Equity Bank South Sudan have recorded 84% and 62% in Profit After Tax respectively, even amid the ongoi...
Ajua, a Customer Experience Management solution for businesses in Africa, has acquired WayaWaya, an Artificial Intelligence and Machine Learning company.
W...
Uber has launched electric boda bodas and bicycles for drivers on UberBoda, Uber Connect and Uber Eats in Kenya. This new development is a first for Uber in Sub...
Nation Media Group has registered a drastic decline in net profit for the year that ended on 31st December 2020. The Group's net profit dropped to Ksh. 48 milli...
Standard Chartered Bank has launched the Women in Tech Access to Capital initiative. It is aimed at increasing women’s participation in business. The initiative...
Keroche breweries has launched the Vienna Ice Strong Lager with a 10% alcohol content. The company has exuded confidence in the new drink which it says will gen...
Digital mobile money lenders will have up to 6 months to be licensed by the Central Bank of Kenya (CBK). This will happen if Parliament passes a Bill proposing ...
The GoGettaz Agripreneur Prize Competition is back for the third year, to inspire agrifood entrepreneurs in Africa to use their energy creativity to solve probl...
Agricultural firm, Kakuzi, has welcomed a global release report issued by the Ethical Trade Initiative (ETI) acknowledging its commitments on labour rights.
...
The Central Bank of Kenya (CBK) has announced the signing of an agreement with E4Impact Foundation, an Italian organization, to provide support to Kenyan financ...
Birimian, the first investment company dedicated exclusively to African luxury and premium heritage brands, has launched in Côte d'Ivoire, West Africa. The comp...
Yebeltal Getachew (YG) has been appointed to the position of Chief Executive Officer of Twiga East Africa, effective 3rd May 2021.
YG will lead the commercia...
Retail store chain, Carrefour, has received an order to revise all its agreements with about 700 suppliers within a month after a tribunal found it has been exp...
Stanbic Bank and Stanbic Kenya Foundation have signed an MoU with the Ministry of Industrialization, Trade and Enterprise Development in a bid to support Kenya’...
Canon’s Miraisha Program has selected 10 young storytellers from the Mathare community in Kenya to receive a scholarship at KCA University, in a bid to help the...
Civil society group, Muslims for Human Rights (Muhuri) has challenged the exclusive use of Safaricom's MPESA for payment of toll charges at the Likoni ferry cro...
Nation Media Group's Group Editorial Director, Mutuma Mathiu, has announced 7 senior appointments in the Editorial Department. The new appointments are aimed at...
RUBiS Energy Kenya has today launched Ultra Tec, its first additivized fuel that is set to
revolutionize fuel and engine performance for Kenyan motorists.
U...
Equity Group has for the first time in history handled less than half of its transaction value within its branches, accounting for only 37.4% of such value with...
The Basketball Africa League (BAL) and New Fortress Energy (NFE), have announced a multiyear partnership that makes NFE a Founding Partner and the Official Ener...
Unity Homes, a developer of residential communities, has sold out Unity West, the first phase of the Ksh. 6 billion apartment development. The sale comes less t...
East African Breweries Limited (EABL) has appointed Ednah Otieno, the current HR Director for East Africa, as Human Resources Director for Diageo in Great Brita...
Visa, a leading global payments technology company, has announced a new global commitment to reach net-zero emissions by 2040. The company also announced its ac...
Motor distributor Toyota Kenya has launched the Urban Cruiser in the Kenyan market, the latest SUV in the Toyota Kenya product line-up. The Urban Cruiser will s...
