Business News

  AXIAN Telecom, a Mauritius based telecommunication firm has finalized on the acquisition of 99.63 percent stake in Wananchi Group Holdings Limited. The acquisition as had earlier been announced by the COMESA...

The Capital Markets Authority (CMA) has approved four new licenses, a move that deepens Kenya’s capital markets and enhances transparency. Africa Logistics Properties Limited (ALP) received a license to operate as a...

Energy listed firm Kenya Electricity Generating Company (KenGen), in partnership with China’s Kaishan Group, has launched a geothermal-powered green fertilizer project, marking a major milestone in global decarbonization efforts. The Olkaria-based project...

East Africa's most valuable publicly traded company, Safaricom PLC, has partnered with Naivas Supermarket to avail 5G Home Internet devices across all Naivas outlets across the country. Safaricom's strategic partnership with Naivas...

The Sacco Societies Regulatory Authority (SASRA) has licensed a number of new Savings and Credit Cooperative Societies to operate in Kenya. This moves stamps SASRAs role as a regulatory body to expand...

Meta Platforms, Inc., (NASDAQ:META), the owner of WhatsApp, Instagram and Facebook Family of Apps (FoA), has picked Safaricom PLC (NSE:SCOM) as landing partner in the Daraja Fibre Optic Cable Project. Meta is...

Stanbic Bank Kenya and Stanbic Bank Uganda, both members of the Standard Bank Group, successfully closed a USD 45 million long-term funding package to support the expansion of two PepsiCo bottlers in...

Elsa Muzzolini, CEO of M-Pesa Ethiopia, described the integration with EthSwitch as a significant step toward a more connected and inclusive financial system.

According to Longhorn Publishers report, the management had reduced the operating cost by 20% in the review period but the company still recorded a loss of 35 million.

Absa Group subsidiary, Absa Bank Uganda, has signed an agreement to acquire Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business. The deal follows StanChart’s announcement last year that it was...

In Week 43 of 52, equity trading volume at the NSE totaled 134.4 million shares, up by 82% from 74 million shares traded in the previous week, bringing aggregate market turnover to...

Safaricom Plc, Kenya’s leading mobile network operator, marked its Silver Jubilee, celebrating 25 years of operation since its official launch on October 23, 2000, a journey characterized by growth, innovation and transformation. ...

Kenya Airways (KQ) and Qatar Airways (QR)  have launched new codeshare flights to 19 destinations following the signing of a Memorandum of Understanding (MoU) by the two airlines on July 1, 2025...

NCBA Group’s digital banking solutions provider, LOOP, and bolttech have launched LOOP FLEX, a Buy Now, Pay Later (BNPL) facility that provides Kenyan customers with flexible, accessible credit to improve their lifestyle. ...

The Competition Authority of Kenya (CAK) has approved a proposal issued by Bima Holdings limited seeking to acquire 100% of the issued share capital of Minet (Mauritius) Holdings limited, a company involved...

Energy and Petroleum Regulation Authority (EPRA) has released October’s fuel price review which saw the maximum pump prices for super petrol, diesel and kerosene remain unchanged. The new rates will take effect...

Global stock market indices provider Financial Times Stock Exchange (FTSE) Russell has upgraded Kenya’s Nairobi Securities Exchange (NSE) from Restricted to Pass on the Efficient Trading Mechanism category after the FTSE Equity...

East African Breweries PLC (EABL), plans to redeem its KES 11 billion Medium-Term Note earlier in exercise of its right of early redemption after approval by the Capital Markets Authority (CMA).  The...

Safaricom Telecommunications Ethiopia PLC (STE) recorded a 30.7% growth in total revenue in the first quarter of the FY26 to KES 3.0 billion, up from KES 2.3 billion in the first quarter...

The transfer of Sanlam General Insurance to Jubilee Allianz general insurance Limited, which is valued at KES 820.6 million, has been approved by the Insurance Regulatory Authority (IRA). This deal approves the...

September 2025 marks a month of notable achievement for the Kenya Revenue Authority (KRA) as their customs tax collections hit an outstanding record of KES 85.146 billion. This amount greatly exceeds the...

NCBA is currently the first financial institution in Kenya to have secured PCI DSS Version 4.0.1 on both NCBA Bank and Loop Cards.

CIC Asset Management has launched the CIC Global Balanced Special Fund, a medium to high-risk investment multi-asset strategy fund. The investment fund is set to invest in an array of asset classes...

Investment bank Kestrel Capital East Africa Limited (KCEAL) marked its 30th anniversary by announcing its acquisition by a group of eight investors under the holdings company, Theo Capital. Charles Field-Marsham, owner of...

Energy Petroleum Regulatory Authority (EPRA) reports that Nairobi region, Kenya’s major economic and industrial hub, continues to dominate electricity consumption, accounting for 43.8% of the country’s energy usage in the financial year...

Kenyan private businesses began to recover in September as the Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 51.9 from 49.4 in August and above the 50.0 neutral mark. This was...

Kenya’s energy sector, under the Energy and Petroleum Regulatory Authority's (EPRA) oversight, closed the financial year 2024/2025 on a high note, with electricity generation recording the strongest growth rate in three years....

Aquilastar Corporate Investment, with the support of a United Arab Emirates investor, has begun the construction of a KES 19.37 billion ($150million) Electric Vehicle (EV) assembly plant at Olkaria, Naivasha.  The plant...

Williamson Tea and Kapchorua Tea are demonstrating a resilient performance and strong cost management aligned with their strategic goals.

Tullow oil Plc has completed the sale of its Kenyan oil assets through its subsidiary, Tullow Overseas Holdings BV to Auron Energy E&P Limited, an affiliate of Gulf Energy Limited.  The move...

Asset financier Watu Africa posted a 67% growth in revenue to $230 million, equivalent to KES 29.7 billion in 2024 from $138.6 million recorded in 2023, underpinned by smartphone financing through its...

Kenya`s government, a major shareholer of Safaricom Plc is considering splitting the company into three firms to boost revenue. However, the plan has not yet been discussed with Safaricoms board. According to...

Umeme Limited, a dual listed company, saw its shares drop heavily by 71% to KES.6.94 as market closed on 23rd September at the Nairobi Securities Exchange (NSE). While the company`s shares were...

Monthly private sector lending by commercial banks soared by 328% to KES 10.7 billion in June 2025, up from KES 2.5 billion in the same month last year, primarily due to the...

Safaricom Mpesa has announced one of their major update this year. They have been able to launch a system that is designed to increase the amount of transactions by the company. This...

Listed regional lender, Diamond Trust Bank Kenya Limited (DTB), has accepted to sell its stake in its Burundi subsidiary, following the signing of a conditional Sale and Purchase Agreement (SPA) with a...

The Central Bank of Kenya (CBK) has established the Banking Sector Cybersecurity Operations Centre (BS-SOC), a centralized facility designed to protect the integrity of the financial system. According to a press release...

Increased investor participation in treasury bills has reduced the average time to maturity of the overall domestic debt, with both Treasury bonds and bills having a maturity of 7.4 years as of...

The Nairobi Securities Exchange (NSE), as of 18th September 2025, issued a notice that highlighted their move to increase initial margin requirements covering several single stocks and index futures, in a bid...

Uber has launched a new service in Kenya known as Uber safari. This is a move towards attracting Kenyan Tourism market. Uber intends to make an earning of $4 billion from the...

September 30th marks the expiration of the African Growth and Opportunity Act (AGOA), alarming African manufactures and stakeholders. As the deadline approaches, they are making the last resort to lobby the United...

Technology AI is becoming a threat to the banking sector by reducing the number of jobs available due to automaton of processes. A study by Bloomberg shows that about 200,000 banking jobs...

Commercial lenders have disbursed KES 153 billion to micro, small, and medium-sized businesses (MSMEs) so far in 2025, marginally surpassing the annual target of KES 150 billion set by the banking industry. ...

Subsidy withdrawal by the government has left many citizens exposed to higher costs of fuel, as the money set aside to buffer extreme fuel prices becomes expended. The government pulled back from...

Oil marketer, Rubis sold government bonds worth KES. 5.2Bn in the first half of the year period that ended in June 2025, an approach taken by most oil marketers to sustain their...

Power distributor, Umeme Limited, has issued a profit warning to its shareholders after recording a KES 6 billion loss for the period ended June 30, 2025, primarily driven by the natural end...

Investors' appetite for the 364-day Treasury bill in the fiscal year 2025/2026 has increased, mainly driven by higher yields compared to 182- and 91-day papers.  According to last week’s auction, the 364-day...

The Energy and petroleum regulatory authority (EPRA) has announced a marginal reduction in fuel prices following its latest monthly review released on Sunday, September 14. According to the new rates, which take...

Commercial lender, Equity Bank Kenya, has placed Nairobi's Eastland Hotel under receivership due to an undisclosed debt.  Receivership is a legal procedure in which a court or a secured creditor designates a...

The National Treasury has reversed course on arrangements to balance domestic and external borrowing after realizing how tough a hurdle it is to source financing from outside. The Exchequer set out to...

Apple has launched new Iphones, watches and  Pods on Tuesday 8, 2025.The items are expected to reach the market on September 19.The Iphone has four models including the Iphone 17 Air.This model...

UBA Kenya’s controlling firm, UBA Group PLC, has committed to investing $150 million or KES 19.3 billion in the Kenya roads bond, which aims to offset debts in the road construction sector...

Morgan Stanley Capital International (MSCI), a company that globally provides financial indices, during a recent market analysis, reported Nairobi Securities Exchange (NSE) as one of the best performing stock markets in terms...

After losing the 16-year pension arrears case, Standard Chartered Bank Kenya has asserted it has adequate financial reserves to settle the KES 7 billion payout.  The Supreme Court threw out the commercial lender's...

Regional lender, NCBA Group Plc, recorded a 12.6% growth in net profit in the first six months ended June 2025 to KES 11 billion from KES 9.8 billion in a similar period...

Listed Insurance service provider, Jubilee Holdings Limited, is set to receive KES 4.5 billion for the sale of general insurance stakes in Kenya, Uganda, Tanzania, and Mauritius to Sanlam Allianz Africa, a...

The Nairobi securities exchange (NSE), recorded significant dip in its inflows during the first week of September, compared to August’s record of inflows following foreign investor activity that highlights variation of cross...

Absa Gold Exchange Traded Fund (ETF) recorded a new all-time high price of KES 4,275 on the Nairobi Securities Exchange (NSE), supported by the increase in gold prices.   Gold prices hit new...

Nairobi Business ventures PLC posted 11% drop in its profit after tax from KES. 36.3million in 2024 to KES. 32.2million for the period that ended on march 31,2025. According to the results,...

Flame Tree Holdings Plc has announced its half-year results for 2025, demonstrating a resilient performance despite facing significant external challenges such as inflationary pressures, high finance costs, and delays in insurance recoveries.In...

Kenya Reinsurance Corporation Limited has announced its half year results in which it has reported a significant improvement in performance marked by reduction in foreign exchange losses and strong investment income. The...

The number of approved Digital Credit Providers (DCPs) is now at 153 after the Central Bank of Kenya (CBK) granted operating licenses to 27 more digital lenders as of September 2025, a...

The Kenya Bankers Association (KBA)  has thrown its weight behind the revised Risk-Based Credit Pricing Model (RBCPM) by the Central Bank of Kenya (CBK). The CBK rolled out the new model on...

Eleven small peer commercial banks are required to raise their core capital to KES 3 billion by the Central Bank of Kenya (CBK) by December 31, 2025. This is as a result...

Kenya Airways Plc  has experienced  a substantial loss in the half year 2025.The cause of this decline the temporary grounding of three Boeing 787-8 Dreamliner aircraft which constitute to 33% of the...

Kenya`s score on the credit rating was upgraded to B from a previous B- on August 22, 2025 by S&P, a global credit ratings agency. This upgrade marks a noteworthy advancement in...

Listed media company Standard Group PLC has recorded a 19.2% cut in pre-tax loss to KES 133 million in the six months ended June 2025 from KES 200 million in HY 2024,...

Treasury has approached Trade and Development Bank (TDB) for a loan for purposes of repaying its loan of KES 51.3 B by September. This loan is the largest the treasury is facing...

The Central Bank of Kenya (CBK) has announced the issuance of a revised Risk-Based Credit Pricing Model (RBCPM) for the banking sector after reviewing comments received from different quarters. The RBCPM is...

Kenya  has improved her investment outside the country by around 37%; the investment majorly increased in 2023 from 610 million in 2022 to 832.4 million in 2023 with a year on year...

Sanlam Kenya Plc's half year results show a significant drop of 89% in its profits after tax. The profits dropped from KES. 282.2 million in the previous year to KES. 31.0 million....

Kenya's score on the credit rating was upgraded to B from a previous B- on August, 22, 2025 by S&P Global, a global credit ratings agency. This upgrade marks a noteworthy advancement...

Listed local financial solutions provider, HF Group, has posted a 148% growth in Profit Before Tax (PBT) reaching KES 703 million, up from KES. 283 million in HY 2024. All its operating...

Kenya Mortgage Refinance Plc has reported a decline in profits, as a result of, among other factors, a rise in funding costs which can be attributed by the rise on interest expense...

The latest fuel price review show that Energy and Petrol Regulatory Authority (EPRA) has decreased the prices of petroleum products where, super petrol and kerosene by KES.1 shilling per litre respectively while...

The Central Bank of Kenya (CBK) has raised KES 179.8 billion from the tap sale of two reopened infrastructure bonds auctioned last week. The sale, which advertised KES 50 billion, with coupon...

KCB Bank kenya has started negotiations to acquire 40%  stake in local Ethiopian Bank.This move was initiated by Ethiopia National Bank allowing foreigh banks to invest in their country.This is one of...

The nation media PLC has reported a decline in its financial performance for the year 2025, reflecting a challenging business environment. According to its financial statement the company's turnover decreased to KES...

I&M Group and Bank PLC has demonstrated strong growth across its operations in 2025, showing positive results despite challenges posed from inflation, currency devaluation among other economical challenges. According to Kihara Maina,...

  MTN Uganda declared an interim dividend of Ush 10 per share for the first six months to June 2025, up 51.5% year-on-year, despite posting a 9.7% decline in after tax profit...

Car and general limited (CGEN.KE) recent financial release show that the turnover for the first six months, that ended 30 June 2025, was KES.12 billion, reflecting a 9.6 percent surge over the...

KCB Bank has announced its perfomance for the period ended 30th June 2025. After the financial analysis KCB Bank made a profit after tax of KES 22.8 billion which was an increase...

A strategic infrastructure sharing agreement has been announced by Airtel Africa and Vodacom group. The sharing agreement will be focused on countries such as Mozambique, Tanzania and Democratic Republic of Congo (DRC)....

In 2024, around 90 percent of the banking industry's profitability was recorded by nine big banks labelling a sign of growing market concentration that intimidates competition and consumer choice. Report by the...

ABSA Bank Kenya has recorded a significant increase in Profit After Tax (PAT) and a static dividend per share in its half-year 2025 results. Profit after tax rose by 9.1% to KES...

The National Treasury Cabinet Secretary, Hon John Mbadi, has said that the government will retain a 35 per cent stake in the privatization of Kenya Pipeline Company (KPC). The government intends to...

East African Breweries PLC  (EABL) delivered a  strong results which were reported during its financial analysis report.The company had managed to post good performance despite the economic challenges posed. The company had...

The government intends to invest up to KES 20 billion to acquire ownership in manufacturing companies in Kenya. The plan, which will bolster industrialization and revive struggling firms in the manufacturing sector,...

 Stanbic Holdings Plc has released its unaudited results for the half-year ended 30 June 2025. The Group recorded a profit after tax of KES 6.5 billion which is slightly down from KES...

Kenya's foreign exchange reserves at the central bank fell off a cliff by KES 65.8 billion (4.55%) to $10.69 billion (KES 1.38 trillion) on July 31, from their peak of $11.2 billion...

The proposed bill requires that conventional medical practitioners should adhere to the regulations set by the Kenya Medical Research Institute (KEMRI) failure to which a fine not exceeding 3million will be issued...

Inflation rate as measured by the Consumer Price Index annually was 4.1% in July 2025, an increase from last month’s 3.8%, reflecting a 0.1% inflation rate on month-to-month basis. This 4.1% record...

For the third straight month, Kenya's private sector economy has gotten worse with latest data by Stanbic Kenya showing that the sector experienced a reduction in new orders, an increase in prices,...

The Kenyan government recently approved the construction of Olkaria VII geothermal power which will pump an extra 80.3 megawatts into the national grid.This is contrary to the initial plans to phase out...

The National Assembly of Kenya has today invited the public to submit their opinions on the privatization of Kenya Pipeline Company (KPC). The move is in alignment with Article 118(1) (b) of...