Business News

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...

On Wednesday, Kenya made a prime trade turning point, after president William Ruto announced that China has consented to lift all tariffs on key agricultural exports such as coffee, tea and avocados....

The National Treasury plans to raise KES 100 billion from the sale of a 65 percent stake in Kenya Pipeline Company (KPC) to private investors via an Initial Public Offering (IPO) on...

The amount of non-performing loans (NPLs) in April hit KES 724.2 billion, up 1% from KES 717 billion in the previous month, despite the strict steps taken by commercial banks to collect...

NCBA has today entered into a partnership with commercial vehicle and equipment distributor, Mobikey Truck and Bus Ltd, aimed at expanding asset financing options in MAN Trucks, MAN Buses, Randon Trailers, Hyundai...

Tullow Plc has agreed to sell all its Kenyan oil assets through its subsidiary – Tullow Overseas Holdings BV to Auron Energy E&P Ltd, an affiliate of Gulf Energy Ltd, for at...

Tanzania recently decided to reserve small businesses for its citizens, so as to safeguard them from foreign market interference. This stand has made advocates in Kenya together with business leaders in East...

Kenya is now in step with World Bank`s essential financing condition, making a step closer to unlock KES 97 billion frozen by the world bank, after President William Ruto assented to a...

The privatization of the Kenya Pipeline Company (KPC) has been approved by the Cabinet, advancing the company's listing on the Nairobi Securities Exchange (NSE) - a move that is in line with...

The Central Bank of Kenya (CBK) has withdrawn its proposal to control lending through the Central Bank Rate (CBR), conceding to commercial banks' preference for using the interbank rate as the basis...

There was a slight improvement today's trading on Nairobi Securities Exchange (NSE) the with gains from the key indices, the volume of shares traded improved by 101%, from 18,334,600 shares traded yesterday...

Williamson Tea Plc is at a standstill targeting approval from the Capital Markets Authority (CMA) to offer 17.51 million new shares to its current shareholders at a price of Sh5 per share....

Kenya’s economic stability is under threat following its decision to skip the final review of a multi-billion-shilling programme with the International Monetary Fund (IMF). This move held back the disbursement of nearly...

Advocates in the US have passed the country’s major legislation in the cryptocurrency industry. according to Reuters, the law was signed by US president, Donald Trump, allowing for digital asset to become...

Kenya has depleted the fuel subsidy fund which was meant to soften retail fuel prices so as to shield consumers from anticipated price increases that were to accrue as a result of...

President William Ruto yesterday announced that the government will sell a portion of its ownership in the Kenya Pipeline Company (KPC) and list the firm on the Nairobi Securities Exchange by September...

Former Copia CEO Timothy Steel, former CTO Michael King, and Tracey Turner, Copia co-founder, have made a strong comeback with a new e-commerce firm named Stahili. Mr. Steel leads the company as...

Last week, Energy and Petroleum Regulatory Authority (EPRA), released it’s monthly review on fuel prices. The review showed a sharp increase on pump prices as follows; Super petrol price went up by...

Shelter Afrique Development Bank (ShafDB) is seeking a loan from The Arab Bank for Economic Development in Africa of Sh15.48 billion. The money will help some of its member countries who have...

Investors in the Talanta Sports City Stadium are set to enjoy full interest earnings with no tax obligations, walking away with full returns. This is a result of tax exemptions on government-issued...

Mawingu Networks is set to sell a 35% stake to Pembani Remgro Infrastructure Fund II, a South African-based private infrastructure equity fund. The deal is currently under review by COMESA’s competition authority....

In the month of June 2025, Kenya’s inflation print was recorded at 3.8%, unchanged from May 2025, and a decline of 80 basis points relative to June 2024. Core inflation was 3.0%...

For the first time, the Competition Authority of Kenya (CAK) has been compelled to seriously get to the bottom of digital lenders following a blow-up of cases of consumer exploitation. High interest...

NCBA hosted over 100 business leaders, exporters, importers and financial decision-makers from across sectors in a forum aimed at equipping them with insights on navigating economic uncertainty, optimizing liquidity, and achieving sustainable...

With Parliament’s approval, the Tanzanian government is now set to implement this ambitious budget, reinforcing its commitment to self-sufficiency, sustainable development, and macroeconomic stability.

Asian markets posted gains today as most of the benchmark indices in Asia registered positive gains.

Stanbic Bank Kenya hosted the Chinese Economic Forum last Thursday, reaffirming its position as a key enabler of trade and investment between China and Africa, with a special focus on Kenya. The...

The specter of a prolonged conflict in the Middle East has sent shockwaves through global energy markets, bolstering oil prices.

In a statement released to the shareholders, Kakuzi said that it expects its net earnings for 2023 to be at least 25% lower than those of 2022.

This will see KCB Insurance Limited and NBIL distribute life insurance products, underwritten by Sanlam. The partners have also rolled out an endowment policy dubbed Nawiri,

The European Investment Bank expects to initially mobilize EUR 1.8 million of grants from the European Union and to appraise possible loan financing for larger green hydrogen-related investments.

Schmidt Futures, in partnership with the Rhodes Trust, have today announced the second cohort of 100 Rise Global Winners, five of whom are Kenyans. Rise global is a program that finds brilliant...

The last time the forex reserves were at this level was in October 2017, underlining the pressure on the Central Bank to shore up the forex reserves amid the shilling's decline and...

Kenya Airways' negative equity increased to Kes 98.3 billion at the end of June, up from Kes 83.3 billion in December, a Kes 15 billion increase in six months.

Shelter Afrique Chief Finance Officer Kingsley Muwowo has been acting as Managing Director since Chimpondah left the firm early this year.

Virtual Pay plans to collaborate with all sector players in the market including banks, nonbank financial institutions, major card schemes, etc., to scale their operations in the country.

Of interest to KRA will be cross-border financial arrangements between Kakuzi and other companies under the Camellia Plc Group.

The Mastercard Cashless program is powered by the company's global network, which connects over 90 million merchants globally.

Kacha vision for the mobile money market is driven by the Digital Ethiopia 2025 and the National Digital Payment Strategy which is expected to bridge the existing gaps in digital services provision.

Safaricom Plc on Monday unveiled a new brand campaign dubbed “Tuinuane” that is aimed at encouraging Kenyans to uplift one another

Despite the delay of the projects by the Islamic State attacks, Nedbank has its eye on this market opportunity. For Nedbank, Mozambique liquefied natural gas is a market opportunity.

As a result of the VAT reduction, a 13kg cylinder was retailing at an average of Kes 3,100.67 in July compared to Kes 3,218.22 in June this year and Kes 2,394.18 in...

CBK MPC committee expects domestic inflationary pressures in the near term to ease on account of cooling international commodity prices, mainly oil, wheat, and edible oils.

The property fund ILAM Fahari is planning to sell part of its assets to improve returns from its real estate portfolio.

After global electricity demand grew by a strong six percent in 2021, propelled by rapid economic recovery as Covid-19 lockdowns eased, the IEA expect growth to slow to 2.4 percent in 2022...

During the forum held in Nairobi, it emerged that the production cost has doubled as farmers now spend about Kes 80 to Kes 100 to produce a kilogram of the clean cup...

The IMF loan will be used for budget support, bringing Kenya’s total disbursements for budget support so far to about US$1,208.2 million.

Kenya's debt ceiling could soon hit Kes 10 trillion. This is after the Senate gave the country's treasury the green light to borrow more funds by raising the debt ceiling to Kes....

The launch of Safaricom's M-Pesa Visa virtual card opens global shopping for Kenyan consumers, allowing secure cashless payments at merchant locations in over 200 countries through Visa’s global network.

In a sudden turn of events, SWVL is pausing all their daily and city-to-city rides in Nairobi.

Family Bank has acquired a KES 1.5 billion loan portfolio guarantee facility from the African Guarantee Fund.

Kenya has secured Kshs. 85.5 billion from the World Bank in what the lender says will help support the country’s post-pandemic economic transformation. The low-cost Development Policy Operation will fund fiscal and...

ETFs use the old saying, “don’t put all your eggs in one basket.” Having a mix of investment types and sources allows investors to diversify their portfolio and, therefore, mitigate risk and...

The CBK on Thursday published a Discussion Paper on Central Bank Digital Currency inviting public input on modalities of possible introduction of a digital Kenyan shilling.

Kenya’s annual inflation rate has dropped to 5.39% in the month of January on account of lower prices of electricity, the statistics bureau has said.

Data from the Central Bank of Kenya (CBK) shows top CEOs in Kenya are optimistic about business growth this year

Kenya will spend Kes. 1.36 trillion equivalent to 63% of projected revenue in the current fiscal year to service the current public debt which stands at Kes. 8 trillion.

Analysis indicates that despite shifting borrowing from short-term debt instruments to medium and long-term instruments, Kenya's domestic debt stock has a much lower Average Term to Maturity of 6.9 years compared to...

Mumias Sugar Company receiver-manager Ponangipalli Rao announced Wednesday that Uganda's Serrai Group had emerged as the winner of the bidding process that has lasted over 4 months.

IMF Deputy Managing Director and Acting Chairperson of the Executive Board, Antoinette Sayeh, said Kenya had shown remarkable resilience to the COVID shock in 2020 and is staging an economic recovery.

The shilling has declined to a new all-time low of 112.5 against the dollar as importers increase demand for the greenback with the economy recovering from the impact of the pandemic. Reuters...

Kenyan inflation slowed for the second consecutive month in November, reaching a six-month low as food price growth decelerated. Kenya’s annual inflation rate rose to 5.8% in November, compared to 6.45% recorded...

The demand for electricity in Kenya hit a new record this week rising to a peak of 2,036MW, the highest ever recorded in history, marking a significant resurgence in demand since the...

Kenya’s debt service costs, which are expected to surge by 22% this fiscal year, are set to rise even further as the Kenya Shilling sank to all-time lows of Kes 112.100 against...

Nearly 20 Kenya-based companies have been blacklisted by the World Bank and the African Development Bank (AfDB), in less than two years, over fraud and quality concerns in projects funded by the...

Fuel prices will remain the same in this month’s EPRA review even with rising crude oil costs, subsidized by the Petroleum Development Levy. The State is set to pay marketers billions of...

The Kenya Shilling has been on a losing streak against the U.S Dollar in what analysts and forex traders attribute to strong dollar demand especially from oil importers and weak inflows. Figures...

KRA had a surplus of Kes.5.9 billion in revenue from Domestic Taxes where Kes. 96.6 billion was collected against a target of Kes. 90.7 billion.

Kenya has received a Kes 16.67 billion ($150 million) loan from World Bank to support local communities hard hit by climate change and drought, leading to loss of livelihoods. The World Bank...

President Uhuru Kenyatta has urged the country’s National Treasury and other stakeholders to immediately revise upwards the cash transactions threshold for Kes 1.0 Million applicable to both withdrawals and deposits by Bank...

KEPSA and the Corporate Council on Africa (CCA) have signed the Kenya- U.S trade deal that will enable Kenyan Small and Medium-Sized Enterprises(SMEs) to take full advantage of the African Growth and...

The Energy and Petroleum Regulatory Authority (EPRA) cut fuel prices by Kes 5 per litre, bringing down the cost of super petrol and diesel toKes 129.72 and Kes 110.60 respectively in the...

Kenya has been assigned a “B+” rating from Agusto & Co. Limited, a Pan-African Credit Rating Agency and a leading provider of industry research and knowledge in Nigeria & Sub-Saharan Africa. The...