Sanlam Kenya has announced a massive Ksh. 1.5 billion loss for the half year ended 30th June 2018. The company posted a net profit of Ksh. 90 million in a simil...
UAP Old Mutual half year net profit for the period ended 30th June 2018 has dropped 61% to stand at Ksh. 190 million. This is compared to the Ksh. 496 million t...
The Kenya Airports Authority (KAA) has today announced that the Jomo Kenyatta International Aiport (JKIA) has now achieved Last Point of Departure (LPD) status....
Kenya Airways has today announced that their net loss for the half year ended June 30 2018 has reduced to Ksh. 4.035 billion from 5.668 billion in 2017.
Tot...
LG has launched its first B2B showroom in Kenya to showcase its products and solutions for businesses. The showroom, which the company opened at a cost of Ksh. ...
Britam Holdings' half year net profit for the year ended 30th June 2018 has increased slightly by 7% to stand at Ksh. 1.4 billion as compared to Ksh. 1.3 billio...
Tala, formerly Mkopo Rahisi, is a product of Inventure which was founded by Shivani Siroya who is also the current CEO. The service gives loans of upto Ksh. 50,...
Women make over 50% of the population and women owned businesses make about 48% of all SMEs in Kenya. Be that as it may, women remain underrepresented in all se...
Kenya Reinsurance Corporation (Kenya Re) has today announced a profit after tax of Ksh 1.756 billion for half year ended 30th June 2018 compared to 2.294 billio...
Stanbic Bank and Tata Africa Holdings have partnered to offer customers wishing to buy Tata Pick-Ups, Trucks and Tippers with up to 90% financing. The financing...
Former Chase Bank business customers were in for a shock on Monday as SBM Bank insisted that they have to practically open new accounts to transact. Among the d...
Equity Group has announced that it has spun off its subsidiary Finserve Africa as an independent company offering fintech services. While announcing the new dev...
Chase Bank Kenya Ltd has officially transitioned into SBM Bank Kenya after SBM Group was given final approval by CBK for the acquisition. Chase Bank was placed ...
ARM Cement has been placed in administration and Price Waterhouse Coopers (PwC) Muniu Thoithi and George Weru have been named as the Joint Administrators.
ht...
Showmax first launched in South Africa in August 2015. When they came to Kenya in 2016, they went out of their way to localise the service, making M-Pesa paymen...
Equity Group’s half year profit after tax, for the period ending 30th June 2018, has increased by 18% to Ksh. 11 billion. This is up from Ksh. 9.4 billion for t...
KCB Group has today announced that their half year profit after tax has increased to Ksh. 12.1 Billion for the period ended June 30 2018. This is an 18% increas...
Delivery service Sendy has reduced its prices for pickup, van and truck deliveries. According to Sendy, they are targeting SMEs with the price reduction.
Del...
Microsoft has made their group communication app, Kaizala Pro, available in Kenya and other markets. The app is designed for communication between large groups ...
WorldRemot, a digital money transfer service, has signed a partnership with Safaricom that will enable its customers to send money to direct to M-Pesa. Kenyans ...
Barclays Bank Kenya has announced half year net profit of Ksh. 3.8 Billion for the period ended 30th June 2018. This is an increase of 6% compared to a similar ...
Jack Ma, the Alibaba Group founder and Executive Chairman, has launched the Netpreneur Prize through the Jack Ma Foundation. The prize will support and fund Afr...
Stanbic Holdings Plc has announced that its net profit for half year period ended June 30 2018 has increased by 105% to stand at Ksh. 3.6 Billion. The financial...
Airtel kenya has reduced the cost of calling from its network to Ksh. 2. The cost will include Airtel to Airtel calls and also calls to other networks in Kenya....
Kenya Association of Manufacturers (KAM) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have partnered on an initiative to assist promote man...
Visa and mobile loans provider Branch yesterday announced a partnership in which Branch would provide financing to merchants who accept payment via Visa. The lo...
Heva Fund is an investment fund for creative businesses in East Africa. Their investment support aims to help businesses increase their production capacities, l...
General Electric (GE) an American multinational conglomerate earlier this week announced that the CEO of its Africa division Jay Ireland is set to retire effect...
Inchcape has been appointed as the new Jaguar Land Rover distributors for Kenya beginning today August
1st 2018.
The appointment of Inchcape is the resul...
Transsion has partnered with NetEase to launch a financial services arm in Africa called Transsnet Financial Services. The new venture will offer digital bankin...
Telkom Kenya has launched a Ksh. 150 Million data centre to improve its network. The facility will improve its network quality, colocation and hosting services,...
Family Bank has just announced updates to its mobile banking app Pesapap. Customers and non-customers of the bank will now be able to access loans and also inve...
When Housing Finance launched their HF Whizz app last week, I thought to myself here goes another banking app. However, the app has actually made an impression ...
East African Breweries Limited (EABL) has announced financial results for the year ended June 2018 and has reported a profit after tax of Ksh. 7.2 Billion. This...
Commercial Bank of Africa (CBA) have updated their Loop digital banking service to now include loans, free payments and lowered charges for various services. Lo...
Housing Finance yesterday launched their digital financial services platform aptly named HF Whizz. The company which started out as a mortgage company some 52 y...
Kenya's Mookh Africa has won the top prize in the first ever Sub Saharan Africa (SSA) Visa Everywhere Initiative. Mookh beat 11 other finalists, who included 3 ...
Sachen Gudka has been appointed as the new Chairperson of the Kenya Association of Manufacturers (KAM). The organization also appointed Mucai Kunyiha as the Vic...
The High Court has ordered the Music Copyright Society of Kenya (MCSK) to stop collecting royalties and license fees as it was denied a license by the Kenya Cop...
Crown Beverages Limited (CBL) has been appointed as the exclusive distributor of Campari Group's alcoholic brands in Kenya. The brands include Campari, SKYY Vod...
Oman Oil Marketing Company has announced the availability of its lube products, Omani Lubricants, in Kenya. The lubricants will be distributed in Kenya by Hass ...
Microsoft has appointed Ibrahim Youssry as the Regional General Manager of Microsoft MEA Multi Country Cluster (MCC). The new subsidiary covers the full African...
