The Commercial International Bank (CIB) which is an Egyptian bank has acquired a 51 percent shareholding in the Mayfair Bank Limited (MBL) with effect from May ...
Earlier in the day, the Central Bank of Kenya released a statement in which it outlined a series of regulatory actions that it had taken against Absa.
This w...
The Visa Foundation has today announced a commitment to invest in two programs totaling $210 Million. This is in a bid to support small and micro businesses.
...
The Capital Markets Authority (CMA) has announced that it will allow listed companies on the Nairobi Securities Exchange (NSE) to pay dividends without holding ...
Safaricom has launched Bonga For Good, an initiative that will see customers use Bonga Points to pay for essential goods and services.
The campaign has been ...
Tatu City has opened a certified water testing laboratory to ensure water quality at the 5,000-acre new city development in Nairobi.
The lab is equipped with...
Britam Holdings has today announced a Ksh. 3.5 billion profit after tax for the year ending 31st December 2019. This is rapid increase from the Ksh. 2.29 billio...
UAP Insurance Kenya has announced a Ksh. 1.249 billion profit before tax for the financial period ended 31st December 2019. This is a 316% increase from the Ksh...
Prudential has announced that it will offer its customers cash benefits in addition to other benefits in their existing policies should they be diagnosed with C...
During the current economic crisis brought about by the Corona Virus, Stanbic Bank has shown leadership by offering Small and medium sized enterprises a three-m...
Peter Ndegwa has taken over as the CEO of Safaricom effective today, he will be taking over from Michael Joseph the founding CEO, who has been holding the posit...
Tatu City and the Kamiti Water Resource Users Association have planted more than 10,000 trees in two years of cooperation.
So far in 2020, the environmental...
The Kenya Bureau of Standards (KEBS) has issued a notice temporarily banning the importation of second hand clothes, popularly known as Mitumba, and shoes in Ke...
Absa Bank Kenya has reported a Ksh. 7.5 Billion profit after tax for the period ended 31 December 2019.
The bank’s profit was affected by costs that were as...
The EABL Foundation has committed Ksh. 50 million to fund the production of 135,000 litres of hand sanitisers by two Nairobi-based industries in the fight again...
Safaricom has partnered with public transport sector players in Kenya to accept cashless payments through M-PESA in the ongoing battle to combat the spread of t...
Tuskys Supermarket has launched a home delivery service in partnership with Kenyan delivery platform, Sendy. Through the service customers will be able to order...
Equity Group has announced a 14% increase in profit after tax for the period ending 31st December 2019 that grew to Ksh. 22.6 billion from Ksh. 19.8 billion in ...
JamboJet has announced the suspension of regional flights to Kigali, Rwanda and Entebbe, Uganda with immediate effect.
According to the airline, the suspensi...
Polycarp Igathe has rejoined Kenyan financial company, Equity Group, as the Chief Commercial Officer 7 months after quitting to join Vivo Energy. In his new rol...
Safaricom has announced that it has suspends charges for M-PESA transactions below Ksh. 1,000 in response to the Coronavirus crisis in Kenya. Kenya currently ha...
SWVL the matatu hailing app which is based in Egypt has appointed Dip Patel who is the former Uber Kenya boss to head its Kenyan operation.
Dip Patel holds a...
The Co-operative Bank of Kenya is set to acquire Jamii Bora Bank, in a move which will see further consolidation of the banking sector. This acquisition follows...
Kenyan airline Kenya Airways has confirmed Allan Kilavuka as the Group Managing Director & CEO effective April 1, 2020. Allan has been serving in the role in an...
The Kenya Association of Manufacturers (KAM) has today launched the Manufacturing Priority Agenda (MPA) 2020. The MPA highlights immediate action plans to estab...
On demand delivery service Glovo has opened a new technical center in Nairobi, dubbed Glover Center, in a bid to service delivery to customers and riders.
Th...
Uber has launched a training programme to help women drivers to develop the skills needed to thrive as independent entrepreneurs. Uber has partnered with Africa...
The Women Enterprise Fund (WEF) has announced that it will provide 200,000 women across 47 counties in Kenya with entrepreneurship training and access to capita...
The Competition Authority of Kenya has approved the takeover of Gulf Energy by Kenol Kobil albeit with some conditions.
As per the Competition Authority, Ken...
Absa Bank Kenya has announced a Ksh. 10 Billion fund to loan to women-owned small and medium enterprises over the next five years as part of the new customer va...
Absa Bank Kenya has completed its transition from Barclays Bank with the official changed of its stock ticker to Absa from BBK. The bank’s shares had been susp...
Standard Chartered Bank Kenya has launched a feature that allows one to trade T-bills and bonds exclusively through mobile phone.
Through the SC Mobile App ...
East African Breweries Limited (EABL) has announced a pre-tax profit of Kshs 7.2 Billion during the half-year ending 31 December 2019, this was a 9% growth from...
Airtel Africa has reported a Ksh. 33.1 Billion profit after tax for the period ended 31st December 2019, this is a 2% decline from the previous year when they r...
KCB Foundation has sponsored 240 Kenyan high school students to the tune of Ksh. 78 million. The students that are being supported by KCB have reported to vario...
The Standard Chartered SDG Investment Map has indicated that there is an almost USD10 trillion (USD9.668 trillion) opportunity for private-sector investors acro...
Sendy, a logistics platform that connects clients to connects drivers and vehicles for goods delivery, has raised $29 million in a Series B round of funding le...
Safaricom has partnered with Ria Money Transfer that will enable M-PESA customers to be able to receive money transfers from North America and Europe.
The ne...
Kenyan women riders, Throttle Queens, are on their way to the Tanzania – Malawi border to receive the baton for Women Riders World Relay (WRWR). The Kenyan ride...
Majid Al Futtaim has finally launched the first Carrefour store in Uganda at the popular Oasis Mall which is located in Kampala. The new store is located at Oas...
French private equity fund, Amethis Finance, is set to acquire about a 30 percent stake in Naivas Limited in a deal estimated to be worth billions of shilling.
...
Safaricom has partnered with M-Gas to launch a prepaid gas service for Kenyan households. The service is expected to empower millions of Kenyan homes to enjoy ...
