Business News

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

Uber and Safaricom Plc have today launched a partnership that will see riders across Kenya pay for trips through M-PESA.

In 2020, Sama became the first AI data labeling company to receive B Corp Certification, formally committing to create a...

KCB Group CEO, Paul Russo said this platform will guarantee speed, affordability, and reliability of transactions, effectively boosting intra-African trade...

Safaricom Telecommunications Ethiopia added close to 3 million customers and built a distributor network of over 114 outlets

Gold's bullish outlook is also supported by the banking crisis and calls for recession, which continues to create uncertainty in...

While oil prices softened slightly on Thursday, they remained within the trading band seen since the start of 2023.

The service will be utilized by customers shopping less than 15 items and is expected to be rolled out in...

Equity has also continued to deliver efficiency, convenience and flexibility to its customers by investing in the development of innovative...

Stanbic Holdings Plc has reported an impressive KES 9.1 billion after-tax profit, marking a 26% growth from the previous year

The combination of MTN and Telkom would have overtaken rival Vodacom Group Ltd. in having the most subscribers in South...

KCB Group Plc has also significantly cut its carbon footprint by 11.25% in its premises across the six countries it...

Kakuzi will be shipping several 20-foot container loads to China by sea before the end of this week as demand...

Zenz Technologies will be in charge of implementing a revenue management system for Kenya Airways as the airline maintains optimal...

Crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sept. 2...

According to Centum's annual report, the MSP portfolio of cash securities, which is managed by Centum's asset management subsidiary Nabo...

NCBA Bank Tanzania is now shifting its focus to serving large corporations while closing excess branches in specific locations.

Kenya Airways' negative equity increased to Kes 98.3 billion at the end of June, up from Kes 83.3 billion in...

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major...

The headline consumer-price index increased 7.8% year on year, compared to 7.4% in June, according to a statement posted on...

Kenya airways reported a Kes 9.88 billion half-year loss, which was less than the Sh11.48 billion loss reported in the...

U.S. oil prices shot above $10 for the first time in about 14 years due to a surge in prices...

Uganda will make an emergency purchase of power from neighboring Kenya to stabilize supply after floods forced the shutdown of...

Joanne Mwangi-Yelbert has been appointed as the new  Chairperson of the Kenya Tourism Board (KTB) for a three-year term, replacing...

Shares in the Asia-Pacific were mostly higher on Monday as investors monitored market reaction to Chinese economic data. Mainland China...

The study offers an opportunity for the tax contribution of the Kenya banking sector to be quantified and analyzed so...

A stronger dollar also weighed on oil prices as a firmer greenback makes oil more expensive for holders of other...

Once completed, this acquisition will complement KCB Group’s regional footprint with an asset base of Kes. 1.5 Trillion (USD 12.6...

The Assets Recovery Authority is conducting a complex money-laundering investigation into Flutterwave. Until now, it was unclear whether the company...

John Ngumi is currently the Board Chair of the Industrial and Commercial Development Corporation (ICDC), a position he has served...

The Officer Commanding Mumias Police Station be and is hereby ordered to facilitate the safe return of all vandalized and...

Oil prices typically rise when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.

EABL delivered a strong beer performance, up 27 percent, aided by the beer recovery in Kenya. The Group’s spirits category...

A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the...

Oil Prices also found support as the Group of Seven richest economies aims to have a price-capping mechanism on Russian...

Rose Mambo, the former  CEO at Central Depository & Settlement Corporation (CDSC) has been appointed by the board of directors...

Kodris Africa CEO Mugumo Munene said that the partnership with Safaricom would go a long way in initiating the subject...

It will be delivered through a hybrid approach including classroom learning, mentorship, and internships for the experiential part of the...

Marvin Reschinsky of Verdi stated that ‘if at all Lufthansa becomes stubborn in the coming week and do not better...

KCB Bank’s new interest rates are currently the highest compared to the average industry interest rates on fixed deposit accounts...

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

U.S. LNG total base load export capacity increased from less than 1 billion cubic feet per day (Bcf/d) in 2015...

Spot gold firmed 0.1% to $1,718.97 per ounce, by 0041 GMT, while U.S. gold futures dipped 0.1% to $1,716.70.

The energy plan is potentially effective and if it is implemented then South Africa will be a step closer to...

The Derivatives market of the NSE had a total of 26 contracts traded valued at Kes 304,000. The bond market...

Centum Investment Company Plc shareholders are set for a Kes 391 million dividend payout, marking a 77% increase in dividend...

John Musunga, Managing Director for Kenya Breweries Limited affirmed the company's commitment to helping the government reach and surpass its...

The Bank of Ghana announced to yield a record of 21.86% having it being the cedi-Africa's worst-performing currency this year,...

Brent crude futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for...

The Reserve Bank of Zimbabwe indicated that the inflationary pressure in the country has weakened the local currency.

The Ndoto Zetu Initiative by Safaricom Foundation has reached close to 3 million Kenyans since its inception in 2019.

NALA and Equity Bank are changing the paradigm of financial tools across the region by providing fair and transparent services...

The decision by the South African Reserve Bank comes shortly after the European market was issued with a notice of...

The Derivatives market on the NSE had a total of 22 contracts traded valued at Kes 266,000 transacted.

Tesla’s second-quarter profit fell 32% from record levels in the first quarter, with the company reporting a $2.26bn net profit...

BAT Kenya’s gross revenue increased by 8 percent to Kes 21.9 billion serving as a buffer to the increased operational...

Kenya Airways, South African Airways’ valued clientele will gain new travel choices to markets across East Africa via Kenya’s extensive...

Safaricom PLC launched the Safaricom Engineering Community in a two-day inaugural summit dubbed Decode last week.

According to the AfDB, the loan will help Kenya significantly boost cereal and oil seeds production over the next two...

Airtel and Telkom customers can now pay into Safaricom's MPESA pay bill numbers after the successful launch of the second...

Local non-bank financial services provider Sanlam Kenya has launched Flexi Hela, an innovative, flexible savings solution with a guaranteed return.

Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other...

At the end of today's trading session on the Nairobi Securities Exchange (NSE), A total of 13,643,000 shares in 1,064...

The OPEC+ move to bring forward crude oil output hikes is widely seen as unlikely to meet demand as the...

The program by The African Development Bank (AfDB) will get underway in September 2022; 10 municipalities will participate.

Trading on the secondary bond market on the NSE posted a decline in activity as compared to Thursday's trading, with...

At the 51st Annual General Meeting held earlier today via electronic means; KCB Group shareholders approved a final dividend of...

Brent crude oil futures were on track to fall for the week, and WTI was on course for a 1.6%...

The launch of Safaricom's M-Pesa Visa virtual card opens global shopping for Kenyan consumers, allowing secure cashless payments at merchant...

Delna Sethna has more than 20 years of experience in the creative and marketing space. She comes to Ogilvy from...

The derivatives exchange the NSE (NEXT) had 6 single stock futures valued at Kes 114,700 transacted during Thursday's trading session.

International crude oil benchmark Brent crude futures were last down 1.68% at $114.34 per barrel. U.S. crude futures dropped 1.87%...

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

Trading on the secondary bond market on the NSE posted a decline in activity as compared to Monday's trading, with...

BK Group's net interest income rose by 4.3% year-on-year to FRw 33.3 billion supported by higher income from loans and...

Compared with the previous NSE trading day, today's data shows a 64% decline in volume, 62% decline in turnover, and...

KCB Group Plc has announced the appointment of Paul Russo as the new Chief Executive Officer effective today, May 25,...

The Capital Markets Authority (CMA) has granted approval to TransCentury Plc (“TC”) to undertake a rights issue The rights will...

Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about...

26 Kenyan companies have committed trade investments worth $1.6Billion in the Democratic Republic of Congo. The 26 traders are part...

The partial easing of Shanghai lockdowns lifted some of the downward pressure that was starting to be felt on worries...

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) A total of 3,822,200 shares...

Demand for oil will be affected in China - the world’s biggest oil importer - by pandemic-driven mobility restrictions and...

Elon Musk has decided not to join the board of Twitter, the company’s chief executive Parag Agrawal says. Elon Musk’s...

Proposed EU sanctions, which the bloc’s 27 member states must approve, would ban buying Russian coal and prevent Russian ships...

Growth in total income and reduction in loan loss provision charge pushed performance by 74% in steady post-COVID-19 recovery KCB...

Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day...

Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears...

Oil prices gained on reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia.

Chinese stocks rose in line with global markets amid supportive official comments and a perception that the country’s regulatory crackdown...

Tight supply was seen in U.S. crude oil stockpiles, which unexpectedly fell 4.8 million barrels in the week to Feb....

Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments...

Trading on the secondary bond market on the Nairobi Securities Exchange (NSE) posted gains, compared to Friday's trading, with bonds...

Sycamore Capital's mobile-based unit trust app Cashlet is gearing for launch in the Kenyan market to bridge the low savings...

In South Africa, Moody’s and Global Credit Rating (GCR) intend to advance corporate social responsibility initiatives, including social enterprises that...

Sources said an OPEC+ technical panel meeting on Tuesday did not discuss a hike of more than the expected 40,000...

Google parent Alphabet Inc rose 1.7% on wall street ahead of quarterly results published after the bell. Amazon Inc and...

Car and General Plc saw its shares decline by 8.89% during Tuesday's trading session on the Nairobi Securities Exchange (NSE)....

The risk of geopolitical disruptions to oil supply at a time of already tight inventories due to the strong post-pandemic...

The derivatives of the NSE posted a decline in activity, with 11 futures contracts valued at Kes 321,200 concluded by...