- Kenya Commercial Bank (KCB) Group, Kenya's largest bank by assets, has shed some light on its plans to enter Ethiopia. KCB has been mulling an entry into the populous nation as the country is easing regulation that previously limited foreign participation in the financial services sector.
- The government is planning to start issuing Hustler Fund for groups in June, after mass registration of Micro Small enterprises (MSEs) across the country. Announcing the move, Co-operatives and MSMEs Development cabinet secretary Simon Chelugui revealed that since inception, Hustler Fund has so far…
- The appointment is valid for a period of thee years. Kositany unsuccessfully sought the United Democratic Alliance (UDA) ticket in the Uasin Gishu gubernatorial race.
- As the global trade finance market was hit by the pandemic in 2020 and slowed to a grind, recent years have shown that the industry has bounced back nearly full force.
- Representatives of the producer and composer CMOs Kenya Association of Music Producers (KAMP) and Music Copyright Society of Kenya (MCSK) respectively, and recorded music industry trade body the Recording Industry of Kenya (RIKE) travelled to South Africa on a study visit to the South African…
- Safaricom has partnered with Huawei to unveil three 5G experiential centres across Nairobi. The three centres, located in Safaricom’s Village Market, The Hub and Buruburu Shops, will showcase the superfast speeds and cutting-edge devices that come with 5G connectivity. “We are excited to unveil…
- Ruto's picks were confirmed on Thursday, March 16. Former Narok Governor Samuel Tunai and former Nairobi Governor Evans Kidero were both nominated, in the Ministry of Interior and Ministry of Trade and Investments respectively.
- Gathegi has had key roles in acclaimed US movies and TV shows including Startup, X-Men: First Class, Into The Badlands, Twilight, House and The Blacklist.
- Kenyan public relations and digital consultancy firm AM Communications has partnered with South Africa-based Alfa Destiny Communications in a deal targeting the fast-growing African market for specialized corporate communication and reputation management solutions. Announcing the collaboration, the…
- KFC has appointed the first black female General Manager for Africa – Akhona Qengqe – who will step into this role on 01 April 2023. She will replace outgoing GM – Dhruv Kaul, who is moving into a GM role for KFC Pan Europe. Akhona’s experience spans across multiple industries including petroleum,…
- National Bank of Kenya (NBK) has posted a profit after tax of Ksh828 million for the financial year ending December 31, 2022. The Bank maintained strong operational performance, reporting an operating income growth of 13% to Ksh11.7 billion compared to Ksh10.2 billion recorded in 2021. The…
- The Government of Kenya and Fortescue Future Industries (FFI) have reinforced their commitment to progress towards developing a major green energy and fertiliser project together. President William Ruto and Executive Chairman of Fortescue Dr Andrew Forrest signed an Investment Support and…
- KCB Group PLC recorded Ksh40.8 billion in profit after tax for the full year ending December 2022 on higher funded and non-funded income streams. This was a 19.5% rise in profitability from Ksh34.2 billion reported in 2021, KCB said on Wednesday during the release of the financials. The profit…
- Every month, David Kalukhana says his wives and children consumer five bags of maize. “When I’m not farming, I go out to do some work like constructing stone fences around homes. They will never sleep hungry as long as I’m alive,” he says.
- Planning Systems Services, the architectural firm behind many of Nairobi's most iconic buildings, this week confirmed the death of Jim Archer, who was its founding partner. He was 84 years old.
- The Digital Lenders Association of Kenya has rebranded to Digital Financial Services Association of Kenya (DFSAK) as the association reported disbursing over Ksh500 billion in mobile loans to small businesses and households over the last eight years. “With a robust regulatory environment and…
- Diamond Trust Bank (DTB) has announced a commitment to grow its lending to green projects to a quarter of its loan book by 2030. The Bank has also committed to achieve net zero carbon emissions status across its group operations by the same time, which is in seven years. DTB will also grow 10…
- The former Governor's properties include residential homes as well as high-end luxury apartments in Nairobi's swankiest neighborhoods, worth several billions of shillings.
- Absa Bank Kenya PLC has reported a Profit after Tax of Kshs.14.6 billion for the year ended December 31, 2022, representing a 34% growth in comparison to the previous year. As a result, the Bank has declared a total dividend of Ksh1.35 per share, a 23% increase from last year, bringing the total…
- It is among the few Kenyan churches, which, like companies listed on the Nairobi Securities Exchange (NSE), publishes audited financial reports. Here, Business Today looks at key investments in the Christ is the Answer Ministries (CITAM) portfolio.
- The Kenyan and Korean Governments have today launched four Economic Innovation Partnership Program (EIPP) projects aimed at fast-tracking the development of the Konza Technopolis project. The EIPP projects for the year two between the two countries include; the Intelligent Transport System (ITS)…
- Bank customers are expected to access faster clearing services for cheques, direct debits and electronic funds transfers (EFTs) following an upgrade of the Automated Clearing House (ACH) to the ISO 20022 standard. The ACH is established to facilitate the transfer of payments. Announcing the system…
- The primary way to access online trading from Kenya is through advanced trading and charting platform software that can provide you with uninterrupted price data.
- Indian tech firm Zoho Corp has opened its new office in Westlands, Nairobi to cater to its growing customer base in Kenya. The office, which is currently undergoing renovations, will be ready for operations in April and also house a modern training centre for Zoho’s customers and partners. The…
- Insurance industry players converged in Nairobi over the weekend to celebrate winners of the AKI Awards for the year 2022. The AKI Awards, hosted by the Association of Kenya Insurers, saw Britam take both the General Insurance Company of the Year and the Life Insurance Company of the Year Awards. …
- In its five years of existence, the company has worked with high-profile political and governmental entities from across Africa. They include Tanzanian President Samia Suluhu, former President Uhuru Kenyatta, Zimbabwean opposition leader Nelson Chamisa, Zambia President Hakainde Hichilema, DRC…
- It is estimated that at least 50,000 graduates are churned out of public and private universities in Kenya every year, to fight for limited job slots in the job market. Still, employers seem to be avoiding hiring the modern graduate, and those who do it will do so with a pinch of salt. According to…
- In the modern world, the role of education certificates is gradually shifting from being proof of being educated to proof of having gone to school. According to Bernard Kiragu, the executive director of the Traction School of Governance and Business (TSBG), the conventional degree qualification is…
- To enhance compliance and make it easier for thousands of business people to manage their VAT collection and payment, Kenya Revenue Authority introduced the Tax Invoice Management System (TIMS).
- Radio 47, set to launch on Monday, 13 March, 2023, is set to rival big names in the media industry. The radio station is a sister company to TV 47 owned by Cape Media Company. The proprietor is understood to have acquired radio frequencies from a private investor who disposed of them after the…
- There is understandable excitement after the Kenya Meteorological department announced that the much-anticipated long rains would commence at the weekend in some parts of the country.
- The KRA tax club initiative is a countrywide outreach programme designed to raise tax awareness among students in high schools and colleges, with the goal of instilling a tax-paying culture among the youthful population.
- Mr Joshua Oigara has spoken out on the unsolicited proposal by some Kenyans to take over the biggest corporate job in Kenya and his response is a simple, “No, thank you.”
- The National Hospital Insurance Fund (NHIF) CEO Dr Peter Kamunyo has been pushed out in abrupt changes that will see Samson Kuhora take over in an acting capacity. Dr Kamunyo will now head to terminal leave in the remaining days of his tenure, which expires on April 14, 2023. “The Board of National…
- It wasn't until 2004, at age 40, that Omari was admitted to study law at the University of Nairobi. He took a sacco loan, operated his matatu business and got support from his wife, whom he had helped take through university, to pay the fees.
- Japanese conglomerate Toshiba has entered into a partnership with Mitsumi Group, one of the leading IT powerhouse in the Middle East and Africa in a move that will see Toshiba launch their BYODC (Build your own Data Centre) initiative that will enhance cloud data centres in the region. Santosh…
- The AIDS Healthcare Foundation (AHF) has called for concerted efforts to address gender inequality as a root cause of the HIV epidemic citing that gender inequality increases women’s risk of HIV infection by limiting their ability to negotiate safer sex, access HIV testing and treatment, and…
- AAR Insurance has launched the AAR Innovation Hub dubbed AAR 3.0 which will enhance customer value propositions and act as a meeting space for stakeholders and partners to harness information and ideas, thus delivering creative solutions that tap into the needs of customers and stakeholders at…
- Diamond Trust Bank (DTB) and global technology company Mastercard have announced a strategic agreement that will enable the bank to provide payment cards to tech-enabled companies including fintechs in Kenya. The Agreement, a first of its kind in the region, will enable tech-enabled companies to…
- The Africa Cloud & Security Summit is set to bring together leading experts in cloud computing and cybersecurity for two days of insightful discussions and thought-provoking presentations.
- National carrier Kenya Airways (KQ) in January issued a profit warning, saying it expects to report an even bigger loss for the year to December 2022, compared to what it made in 2021.
- AGRA has launched a call for applications for the 2023 Women Agripreneurs of the Year Awards (WAYA) that recognise African female agripreneurs demonstrating remarkable Innovation and business excellence in agricultural value chains. The winning agripreneurs, who will be unveiled during the 2023…
- Britam’s board of directors has announced the appointment of Ms Hilda Njeru as the acting Director of Legal and Company Secretary. Hilda will serve in an acting capacity as the recruitment of a substantive Company Secretary gets underway. Hilda is a financial services executive with over 15 years’…
- National Bank of Kenya (NBK) has launched a new initiative aimed at empowering women entrepreneurs in the country by giving them access toKsh7 billion financing kitty.
- KCB Group has been named the Best Bank in SME and Sustainable Finance, an award that highlights its continued efforts to support the SME sector and embed sustainable finance practices in its lending decisions.
- African streaming service Showmax has announced its first Original telenovela in Kenya, Second Family, premiering on March 22, 2023, with new episodes releasing every Wednesday and Thursday. Second Family follows the dysfunctional Gatehi – Lang’at families. When 57-year-old billionaire Leo Lang’at…
- She is the holder of a a doctorate in business administration from Moi University. Before taking on public office, she was a banker working as head of the Nairobi region for Kenya Commercial Bank (KCB) Group.
