Absa Bank net profit for Q1 2025 rises by 4% Ksh. 6.2 billion
Absa Bank Kenya PLC has announced that it has reported a profit after tax to Ksh. 6.2 billion for the period ended 31 March 2025. This is a a 4% growth from the...
Bolt awards €20,000 to 10 mobility entrepreneurs in South Africa
Bolt has concluded its first Accelerator Program in South Africa, awarding €20,000 in funding to ten participants.
Launched in December 2024 in partnership w...
How to invest in Ziidi Money Market Fund By Safaricom
Ziidi Money Market Fund (Ziidi MMF) by Safaricom is an investment platform that is accessible by Safaricom M-PESA customers.
Safaricom M-PESA customers are a...
AI is very exciting, but businesses mustn’t lose sight of their IT priorities
Around the world, many AI discussions are driven by business leaders who don’t have full oversight over their IT teams, which can lead to said teams facing inte...
Understanding the importance of school counseling services
One of the most unnoticed, and perhaps unappreciated service in the education system is counseling, yet its impact is profound and long-lasting. Counseling prov...
RUBiSOL receives “Deal of the Year 2024 – East Africa” award from DealMakers AFRICA
RUBiSOL has received the "Deal of the Year 2024 – East Africa" award from DealMakers AFRICA.
Launched in November 2024, RUBiSOL, is a joint venture between S...
Absa Kenya Foundation has planted 350,000 mangrove trees at the Coast as part of its conservation efforts
Absa Kenya Foundation has today launched the next phase of its coastal restoration programme at the Sabaki Estuary in Malindi. The foundation has planted 200,00...
How to file KRA tax returns on iTax if you are employed
Filing your KRA (Kenya Revenue Authority) tax returns for employment income is a must for all registered taxpayers in Kenya with a Personal Identification Numb...
Finance Bill 2025 will give KRA powers to force businesses to disclose personal data & trade secrets
Kenya's Finance Bill 2025 contains a provision that will make it legal for the government to compel businesses to disclose personal data and trade secrets.
A...
Finance Bill 2025: A deep dive into proposed tax changes and economic implications
The Finance Bill 2025 is currently under parliamentary review and the bill proposes a wide array of amendments to existing tax laws.
One of the central tenet...
Joan Cheruto wins Ksh. 3 million Vipingo Land grand prize in the Revvvisha na KCB campaign
Kitale entrepreneur Joan Cheruto has emerged as the winner of the Ksh. 3 million Vipingo Land grand prize at the close of the five-month Revvvisha na KCB campai...
Kenya Airways is the airline sponsor of the Kenya Rugby Team for the Rugby World Cup 2025
Kenya Airways (KQ) has announced that it has returned as the airline sponsor of the Kenya Rugby team i.e. Simbas Men's 15 Team. They will be responsible for the...
KRA hosts stakeholders workshop to strengthen research on tax reforms
The Kenya Revenue Authority (KRA) convened a Stakeholders’ Consultation Workshop to review and strengthen ongoing research supporting tax policy and revenue adm...
Cassper Nyovest & Charisma to perform at Heineken Champions League final viewing party in Nairobi
Kenya Wine Agencies Limited (KWAL), through their brand Heineken, will host UEFA Champions League (UCL) final viewing party at Uhuru Gardens in Langata, Nairobi...
7 women entrepreneurs selected for the Mastercard EdTech Fellowship
Seven women entrepreneurs have been selected among the twelve innovators selected for the third cohort of the Mastercard Foundation EdTech Fellowship.
The Ma...
Severe weather alert causes Mombasa beaches to be closed
All public beaches in Mombasa have been closed because of a severe weather alert that could put the public in danger.
The beaches were closed following a dir...
Michael Joseph to step down as Kenya Airways Chairperson after 8 years
Michael Joseph is set to resign as the board chairperson of Kenya Airways (KQ) after eight years at the helm of the Kenyan national airline. His resignation was...
Kenyan parents to pay national exam fees from 2026 in new policy
The Kenyan government plans to discontinue its national exam fee waiver starting in 2026, shifting instead to a targeted subsidy model for national exams.
Th...
KCB shareholders approve Ksh. 9.6 Billion dividends payout for FY 2024
KCB Group shareholders have approved a Ksh. 9.6 billion total dividends payout for the 2024 financial year. The shareholders approved a final dividend of Ksh. 1...
How to apply for M-PESA Africa’s paid internship program for next-gen fintech talent
M-PESA Africa (MPA) has opened applications for its Accelerate 360 internship program, an initiative designed to train the next generation fintech professionals...
Stanbic is offering flexible 105% financing for home ownership in Tatu City
Tatu City and Stanbic Bank Kenya have partnered to make property ownership more accessible for Kenyans and the diaspora community through flexible financing sol...
MaxAB-Wasoko acquires Fatura, expanding regional reach
MaxAB-Wasoko has acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding. As part of the deal, EFG Finance will join Ma...
US-Kenya Creative Economy Forum 2025 set to boost creative industry ties
The U.S.-Kenya Creative Economy Forum 2025 is scheduled for June 5th in Nairobi. It is organized by the U.S. Embassy in Kenya and the American Chamber of Commer...
CIC Group & Women’s World Banking to develop insurance products for Kenyan women
CIC Group and Women’s World Banking have partnered in a bid to develop inclusive women-centric insurance solutions. The two organizations will collaborate in re...
TECH5, Visa partner with Ethiopia to launch Fayda Wallet, powering Digital ID & payments
Ethiopia has launched the Fayda wallet, a solution designed towards enhancing financial inclusion and streamlining digital transactions. This wallet, co-develop...
Aleph expands Spotify partnership to power ad sales in 80+ markets, including Kenya
Aleph and Spotify have expanded their partnership that makes Aleph Spotify's advertising sales partner in 80+ markets, providing access to 20,000+ advertisers. ...
Standard Chartered launches “Women in Cyber” mentorship to boost East Africa’s female cybersecurity leaders
Standard Chartered has launched the Women in Cyber Mentorship Programme to train next generation female cybersecurity leaders.
It is an initiative that is de...
DTB & Safaricom are offering loans of up to Ksh. 250K to SMEs that use Lipa na M-PESA
Diamond Trust Bank (DTB) has partnered with Safaricom to offer loans to SMEs that use Lipa na M-PESA to accept payments.
The new product is called Taasi Till...
Kingdom Bank’s Q1 2025 net profit reduces to Ksh. 162 million
Kingdom Bank has reported a reduced net profit of Ksh. 162 million for the period ended March 31 2025. This is a reduction from the Ksh. 350 million the bank re...
Propak East Africa calls for urgent collaboration to accelerate eco-packaging adoption
The 10th Propak East Africa Expo will conclude today with an emphasis on the need for accelerating the adoption of eco-packaging. This would be done through inc...
James Gossip is the new MD for NCBA Bank Kenya
The NCBA Group has announced the James Gossip as the new Managing Director of NCBA Bank Kenya PLC, effective 12th May 2025.
James Gossip is an experienced in...
Gates Foundation awards $5 Million to Axmed to boost maternal, & child health procurement in Africa
The Gates Foundation has announced a $5 million grant to Axmed, a healthcare technology company revolutionizing how essential medicines are procured across Grow...
Afreximbank net income jumps 21% to US$215 Million in strong Q1 2025
The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first quarter of 2025, revealing a strong performance.
...
ARC Ride to roll out 5,000 electric bob-bodas, standardize battery swapping with BII Funding
ARC Ride has today announced it has secured $5 million in financing from British International Investment (BII), the UK’s development finance institution and im...
EU Ambassadors visit Northern Kenya to advance climate action, security, & digital inclusion
A high-level delegation of European Union Ambassadors, led by H.E. Henriette Geiger, the EU Ambassador to Kenya, is currently undertaking a three-day visit to S...
NCBA Group Q1 2025 profit after tax rises 3% to Ksh. 5.5B, driven by digital loans
NCBA Group has announced a profit after tax of Ksh. 5.5 billion for the first quarter of 2025. This represents a 3% increase from the Ksh. 5.3 billion reported ...
Kenya’s Universal Service Fund faces Ksh. 12 Billion funding gap
Kenya's path towards universal digital access faces a hurdle as the Communication Authority of Kenya's (CA) Universal Service Fund (USF) Strategy 2023–2027 grap...
Standard Chartered Q1 2025 profit after tax declines by 13.5% to Ksh. 4.86B
Standard Chartered Bank Kenya has announced that it has reported in profit after tax at Ksh. 4.86 billion for the first quarter of 2025. This is a 13.5% decline...
Family Bank reports a Ksh. 1.05 billion net profit for Q1 2025
Family Bank Group has announced that it has reported a profit after tax of Ksh. 1.05 billion for the first quarter ended March 31, 2025. This is a slight improv...
KCB Group reports a minimal rise in Q1 2025 net profit at Ksh. 16.53 billion
KCB Group has announced that it has reported a profit after tax of Ksh. 16.53 billion in the first quarter of the year ending March 2025. The profit after tax r...
I&M Group receives Ksh. 4.19B investment from East Africa Growth Holdings
I&M Group PLC has announced that it has received Ksh. 4.19 billion in capital from the sale of 86.5 million new ordinary shares to East Africa Growth Holdin...
Mi Vida Homes enters medical tourism real estate with new Nairobi project
Property developer, Mi Vida Homes, has announced a strategic partnership with Space Master Properties for the commercial and construction development of Habitat...