Corporate News

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

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

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

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

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

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

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

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

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...

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

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

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

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

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 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...

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

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

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.

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

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...

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...

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...

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

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

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

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

The deal will see the Canton Chamber of Commerce in Kenya (Guangdong Association) members use DTB’s banking services including operating...

The naming of Ms Mavisi as an Independent Head of the Kakuzi OGM, will provide impetus to the firm’s ongoing...

The initiative is in line with the Kengen's Environmental Conservation Program and Corporate Environmental Sustainability Policy

Kenya Electricity Generating Company (Kengen) earnings from the new Ethiopian operations quadrupled from Kes 440 million last year to Kes...

Kakuzi Plc is also the first organisation in sub-Sahara Africa to establish a functional Independent Human Rights Advisory Committee (IHRAC).

KCB Group Plc had announced the proposed acquisition on 26 November 2020, informing shareholders that it had entered into a...

The software has been developed and will be moderated by Deaf eLimu Plus Ltd, with funding from KBA and FSD...

I&M Group has reported its financial results for the third quarter of 2021 with Profit after tax (PAT) surging 25.1%...

The Board of Directors of the Nairobi Securities Exchange have declared a special dividend of Kes 0.50 per ordinary share...

Housing Finance (HF Group) has narrowed its net loss by 22 per cent to Kes 569.91 million in the nine...

Kenya’s financial services group Britam Holdings has announced the shock resignation of its managing director, Tavaziva Madzinga, after less than...

NCBA Group Plc has posted a 159 % growth in profits for the first nine months of the year ended...

Jumia, Africa’s leading e-commerce platform, today announced the appointment of one of Africa’s most powerful and influential women in Kenya,...

Absa Bank Kenya’s net profit increased sharply to Kes 8.2 billion in the nine months ended September as provision for...

Mortgage lender Housing Finance (HF Group) has appointed its credit director Peter Mugeni Oduori as the managing director, effective November...

Kapchorua Tea Kenya, a listed firm engaged in the cultivation, manufacture and sale of tea, leapt from a loss-making territory...

Co-op Bank of Kenya has posted a Net Profit of Kes 11.6 Billion in the nine months period ending September...

KCB Group more than doubled its Net Earnings to Kes 25.2 Billion at the end of the nine months period...

Standard Chartered Bank Kenya (StanChart) has reported a 46.7 per cent jump in net profit for the nine months to...

Mortgage lender HF Group has formally started the hunt for a strategic investor after it invited suitors to place their...

Kenya Electricity Generating Company PLC (KenGen) has completed drilling the deepest geothermal well in Ethiopia reaching a depth of 3,000...

Kenya is exploring the use of central bank digital currency (CBDC) to settle cross-border payments according to the country’s Central...

Safaricom Plc on Wednesday released its unaudited results for the six months ended 30 September 2021 with net profit for...

Equity Group Holdings Plc has posted an increase of 85% in Pre-tax profit to Kes 36.6 Billion in the third...

Kenya Revenue Authority(KRA) collected Kes 154.383 Billion in Q2, 2021/22 financial year, a performance rate of 108.5% and a growth...

At the end of September, Berkshire Hathaway's cash pile reached a record $149.2 billion, up from $144.1 billion in the...

Bank of Kigali (BK Group Plc) has reported a Net Income of Kes 4.1 billion (US$ 36.6 million) an increase...

CMA has further extended two provisional licenses granted to Mt. Elgon Coffee Marketing Agency Limited and United Eastern Kenya Coffee...

Kenya Power and Lighting Company (KPLC) emerged from a loss-making territory or Net Loss of Kes 939 Million in 2020...

Development Finance Corporation (DFC), a US government agency has delayed the disbursement of a $500million (Kes 53.97 billion) loan to...

Centum Investment Company’s private equity wing targets acquisitions in various sectors of Kenya’s economy. Centum Capital Partners, a wholly-owned and...

Kenya Electricity Generating Company PLC (KenGen) has reported a 7%  increase in Profit Before Tax from Kes.13.79 billion to Kes.14.76...

The Capital Markets Authority (CMA), Kenya Pension Funds Investment Consortium (KEPFIC) and Nairobi Securities Exchange (NSE) have signed a Memorandum...

Stephen Chege has been appointed as Vodacom Group Chief External Affairs Officer, reporting to Vodacom Group CEO Shameel Joosub effective...

The Central Bank of Kenya (CBK) has revoked the authorisation granted to Mobile Pay Limited (MPL) which has the brand...

The Nairobi Securities Exchange (NSE) has received approval from the Capital Markets Authority (CMA) to initiate day trading. The rollout...

Konza Technopolis Development Authority (KoTDA) is seeking to partner with the Nairobi Securities Exchange (NSE) to connect investors with viable...

HF Group Plc has appointed Prof. Olive M. Mugenda as an Independent Non – Executive Director and Chairperson of the...

The National Treasury has approved to inject cash into Kenya Power and Kenya Airways in the financial year starting July...

Stanbic Holdings Plc has announced the appointment of Mr Joseph Muganda as an Independent Non-Executive Director on the Board effective...

East African Cables posted a Net Loss of Kes 753.2 Million at the end of the financial year ended 31st...

The International Finance Corporation (IFC) is set to lend $15 million (kes1.6 billion) to Guaranty Trust Bank Kenya for onward...

CMA is mandated to regulate the structured spot commodity markets in Kenya. The Coffee Exchange Regulations were gazetted by the...

WPP Scangroup issued a profit warning, with expectations that the company’s full-year 2021 earnings will be at least 25% lower...

The independent analysis of Safaricom’s true value to society identifies the socio-economic and environmental impacts of the company and quantifies...

Nation Media Group (NMG) has completed a share buyback program that began on 28th June 2021 and closed on September...

Kenya Electricity Generating Company PLC (KenGen) has kicked off the construction of a Research and Development (R&D) Centre at Tana...

Kenya Power has withdrawn an application to increase bills by up to a fifth, shifting its focus to lowering costs,...

Vodacom Group has signed a deal that could see it buy an additional 10.9 per cent stake in Safaricom Telecommunications...

The BOC Kenya Board has appointed Joseph Ramashala the Non-Executive Director with effect from 13 September 2021. This comes after...

The board of ICEA LION General Insurance Company Limited has appointed Mr Philip Lopokoiyit as the new Chief Executive Officer...

Longhorn Publishers has reported a profit after tax of kes 7.48 million for the first six months ended 30th June...

Kenya Power, the electricity distributor company is back to profitability according to its parent Ministry. Chief Administrative Secretary (CAS) in...

The African Development Bank Group (AfDB) board has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility...

The Kenya Electricity Generating Company PLC (KenGen) has been cleared to sell an equivalent of 4.6 million tonnes of carbon...

Stanbic Holdings Plc Board of Directors has appointed Ms Wambui Kihuha-Mbesa as an Independent Non-Executive Director on the Board, with...

The Board of Directors of Home Afrika Limited has appointed Mr Nelson Ashitiva as a Non-Executive Director of Home Afrika...

WPP Scangroup’s share price gained 54.4% at the Nairobi Securities Exchange, four days after publishing its delayed 2020 results. The...

Unga Group has announced the appointment of Mr Joseph Malel Choge as the incoming managing director of the group following...

Safaricom Telecommunications Ethiopia PLC (Safaricom Ethiopia) announced a countrywide staff recruitment drive and introduced its leadership team as it affirmed...

East African Breweries Limited (EABL) has launched its inaugural Environmental, Social and Governance report to society. The report provides an...

The National Treasury has given the Capital Markets Authority (CMA) powers to oversee all investment funds formally solicited from the...