Why Kenyan farmers need insurance

Staff WriterOctober 2, 2024

For any businessperson, the success of their biashara is a source of pride and joy. However, beyond that, their biashara is a way of life, and in a world of un...

2 min read

Next Narrative & HEVA Fund unveil USD 40M Fund to empower content creators in Africa

Grace MathekaSeptember 30, 2024

Next Narrative Africa has launched The Next Narrative Africa Fund fund in partnership with HEVA Fund, a creative industries-focused investments, advisory, and k...

2 min read

Savannah Clinkers’ Ksh. 25.4B counter bid for Bamburi Cement formally published

Grace MathekaSeptember 12, 2024

Bamburi Cement has formally confirmed receipt of a Ksh. 25.4 billion counter-offer from Savannah Clinker Ltd, a local building and construction solutions provid...

2 min read

Martine Valcine is the new IFC Country manager for Rwanda, Tanzania & Uganda

Grace MathekaJuly 2, 2024

IFC has announced the appointment of Martine Valcin as its new Country Manager for Rwanda, Tanzania and Uganda, effective July 1, 2024. For her new role, Valcin...

1 min read

CitiBank named Best Bank in Kenya at the Think Business Banking Awards

Makena Ndung'uMay 31, 2024

CitiBank NA has been named as the best bank in Kenya at the Think Business Banking Awards 2024. CitiBank also received awards in the categories of internet bank...

1 min read

Mastercard & AfDB launch initiative to extend digital access to 100M people in Africa

Samson NderiMay 30, 2024

Mastercard and the African Development Bank Group have launched a new initiative to extend digital access in Africa. The new initiative, dubbed the Mobilizin...

3 min read

There is a lot to be learned from Africa’s small business success stories

Staff WriterMay 16, 2024

Africa is often hailed as the birthplace of some of the world’s most exciting tech startups. From Cape to Cairo, small businesses across the continent have beco...

4 min read

KCB & Absa among 2024 African Banker Awards nominees; here’s the full list

Grace MathekaMay 13, 2024

African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. The Awards aim to recognize individuals an...

4 min read

Pula receives $20M in funding to expand agricultural insurance to farmers

Samson NderiApril 17, 2024

Agricultural insurance and technology company, Pula, has announced that it closed a Ksh. 2.6 billion ($20 million) series B fundraising round. The funding will ...

2 min read

Britam Holding’s posts an improved FY 2023 net profit of Ksh. 3.2 billion

James WamathaiMarch 28, 2024

Britam Holdings Plc has announced that it has posted a Ksh. 3.2 billion net profit for the year ended December 31, 2023. This is a marked improvement from the K...

2 min read

NCBA posts an impressive Ksh. 21.5B net profit in FY 2023

James WamathaiMarch 27, 2024

NCBA Group PLC has announced that it has posted a profit after tax of Ksh. 21.5 billion for the year ended December 31 2023. This is a 56% increases as compared...

2 min read

Hewatele receives Ksh. 2.5B to build a medicinal oxygen manufacturing facility at Tatu City

Makena Ndung'uMarch 19, 2024

Hewatele has received Ksh. 2.5 billion (USD 20 million) in funding to build a medicinal oxygen manufacturing facility at Tatu City. Hewatele is a medical oxygen...

2 min read

NCBA signs a $50 Million facility with Proparco towards sustainable financing

Staff WriterMarch 18, 2024

NCBA Group has announced the signing of a USD 50 million facility with Proparco, a subsidiary of the AFD Group focused on private sector development.  The fundi...

3 min read

NCBA partners with Homa Bay County to celebrate women in business

Staff WriterMarch 11, 2024

NCBA in partnership with Homa Bay County hosted over 100 SME customers for a customer dinner to mark International Women's Day. The dinner celebrated the achie...

2 min read

Why Absa Bank is the employer of choice in Kenya

Samson NderiJanuary 19, 2024

Absa Bank was recently named as the top employer of choice in Kenya and Africa for the third consecutive year by the Top Employers Institute (TPI).  According t...

3 min read

Absa Bank named as the Top Employer in Kenya for the third consecutive time

Staff WriterJanuary 18, 2024

Absa Bank has been named as the Top Employer of choice in Kenya and Africa for the third time in a row. This reaffirms its commitment to delivering a diverse, e...

2 min read

Ensuring convenience and security in the digital banking era

Staff WriterNovember 20, 2023

The World is undergoing a remarkable transformation towards digital banking, with an ever-growing number of customers embracing its offerings of convenience, sp...

2 min read

AAR launches ShwAARi, a single limit medical health cover

Gladys WamuyuNovember 6, 2023

AAR Insurance Kenya has announced an addition to its portfolio of the ShwAARi medical health cover. Some of the key highlights of this product are: It has a ...

2 min read

Protecting your financial assets; A guide to preventing & addressing fraud

Eugene OkumuNovember 1, 2023

The digitization of financial services in Kenya in recent years has earned global acclaim for streamlining access to financial services and solutions for a majo...

5 min read

NCBA chess team off to represent the bank in the Fide World Amateur Championship

Gladys WamuyuOctober 30, 2023

The NCBA Chess Team has been flagged off to Muscat, Oman for the FIDE World Amateur Chess Championship that will take place from November 1-12, 2023. The nin...

1 min read

IFC & Sony partner to identify and fund creative businesses in Africa

Gladys WamuyuOctober 17, 2023

IFC, a member of the World Bank Group, and Sony Group Corporation, have signed an agreement to identify investment opportunities in companies in the creative in...

1 min read

30 Kenya SMEs graduate from the Unilever Emerge Accelerator programme

Gladys WamuyuOctober 3, 2023

The first cohort of 30 Kenyan SME entrepreneurs have graduated from the Unilever Emerge Accelerator programme. The first cohort of Kenyan entrepreneurs was ...

1 min read

Kenya’s Tushop & Jumba among African startups selected for the Google Black Founders Fund

Samson NderiJune 20, 2023

Google for Startups (GfS) has today announced the 25 African based startups have been selected for this year’s $4 million Black Founders Fund. The Black Foun...

3 min read

Kijani Ridge launches campaign to reward home buyers with cars and bonus plots

Staff WriterApril 28, 2023

Kijani Ridge, a premier residential neighborhood which is located in Tatu City, has launched a campaign dubbed “Chaguo ni Tatu” that seeks to reward new buyers ...

2 min read

Government to launch a $140 Million aimed at impacting the lives of pastoralists

Staff WriterApril 12, 2023

The State Department for Livestock Development (SDLD) has partnered with ZEP-RE (PTA Reinsurance Company), Kenya Development Corporation (KDC) and the World Ban...

4 min read

Digital inclusion is key to bridging the gender divide to ensure sustainable economic growth

Samson NderiApril 11, 2023

This year’s International Women’s Day, marked under the United Nation’s theme “DigitALL: Innovation and technology for gender equality”, was commemorated agains...

3 min read

Old Mutual Kenya extends maternity leave to four months

Makena Ndung'uMarch 10, 2023

Old Mutual Kenya has announced new measures aimed at creating a more conducive working environment, promoting gender equality, and boosting productivity for its...

2 min read

Stanbic Bank reports a Ksh. 9.1 Billion net profit for the full year 2022

Samson NderiMarch 10, 2023

Stanbic Holdings Plc has reported a Ksh. 9.1 billion net profit for its financial year ended 31 December 2022. This represents a 26.3 per cent rise in profitabi...

1 min read

BrighterMonday wins Youth Employment Strategies award in the National Diversity and Inclusion Awards

Makena Ndung'uMarch 9, 2023

BrighterMonday Kenya has won the Best Youth Employment Strategies 2023 award during the National Diversity and Inclusion Awards & Recognition (DIAR Awards). The...

2 min read

Old Mutual advises Kenyans to diversify their investment portfolio as economy recovers

Makena Ndung'uFebruary 18, 2023

The state of Kenya’s economy is set to improve in the next 1-2 years on the backdrop of a falling inflation rate, projected favourable weather conditions and re...

4 min read

Solar company, Qotto, receives Euro 8 million in funding to expand to more markets

Samson NderiFebruary 17, 2023

Qotto has announced that it has raised Euro 8 million in a Series A funding round that was led by IBL group. The Off-Grid Energy Access Fund (FEI-OGEF) and Cord...

1 min read

Absa Bank Kenya named the Top Employer 2023 in Kenya and Africa

Faith WambuiJanuary 18, 2023

Absa Bank Kenya PLC has been named the top employer of choice in Kenya and Africa for a second consecutive year by the Top Employers Institute for excellence in...

1 min read

Kwara raises USD 3 Million in a seed extension funding round

Faith WambuiJanuary 17, 2023

Kwara has raised $3 million seed extension funding round, this is on top of the $4M Seed round that was raised last year. Investors in the round include existin...

2 min read

Cashless is the convenient way to pay this festive season

Staff WriterDecember 2, 2022

Excitement continues to build further at the World Cup Qatar 2022 as final group games begin for the extravaganza that kicked off a week ago bringing expectatio...

4 min read

Netflix funds education of 46 aspiring filmmakers from Kenya, Uganda, Rwanda, Burundi & South Sudan

James WamathaiOctober 11, 2022

Netflix will fund the education of 46 aspiring filmmakers from Kenya, Uganda, Rwanda, Burundi & South Sudan as part of the Netflix Creative Equity Scholarsh...

2 min read

African Women Impact Fund has been launched with a USD 60 million commitment

Staff WriterSeptember 21, 2022

African Women Impact Fund (AWIF) Initiative’s has been launched with a commitment of USD 60 million. These funds will provide capital to existing women owners a...

4 min read

CIC Asset Management retains market leadership in unit trusts

Staff WriterSeptember 20, 2022

CIC Asset Management has indicated that it has retained its leading position in unit trusts in Kenya, with a 40.46% market share. The Capital Markets Authority...

2 min read

Ascent Rift Valley Fund II raises $128M to invest in SMEs in East Africa

Samson NderiSeptember 12, 2022

Private equity fund manager Ascent has announced the final close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 128 million. The fund exceeded its...

1 min read

Old Mutual posts a disappointing loss of Ksh. 813 million for half year 2022

Staff WriterAugust 31, 2022

Old Mutual Holdings has announced that it has posted a net loss of Ksh. 813 million in the first six months of 2022. This is significant drop from the Ksh. 252 ...

2 min read

Proparco, a French sovereign wealth fund has acquired a 40% stake in Naivas for Ksh. 3.7 Billion

Staff WriterJune 27, 2022

Proparco, a French sovereign wealth fund has acquired a 40 per cent stake worth $31.5 million (Sh3.7 billion) stake in supermarket chain Naivas. Naivas had i...

0 min read

mTek raises Ksh. 340 Million in funding for expansion across the country

Staff WriterJune 20, 2022

Soon after raising a Ksh. 170 Million investment, mTek a Kenyan insurtech and digital insurance platform  has secured an additional investment commitment from F...

2 min read

Access Bank is set to acquire a majority stake in Sidian Bank

Staff WriterJune 9, 2022

Nigeria's Access Bank is set to acquire a majority stake in Kenya's Sidian Bank from investment firm Centum Investments. The deal is reportedly worth Ksh. 4.3 b...

0 min read