- MaxAB-Wasoko, the retail e-commerce giant formed from last year’s merger of Egypt’s MaxAB and Kenya’s Wasoko, has announced the acquisition of Egyptian e-marketplace Fatura.
- In a bid to improve power distribution reliability and efficiency in the country, Kenya Power has partnered with Amotech Africa and global test equipment manufacturer Megger to roll out smart overhead line monitoring technology.
- Vivo has officially unveiled the highly anticipated vivo V50 Lite, a sleek and powerful smartphone designed to deliver flagship-level battery life, an effortlessly stylish look, and an enhanced photography experience.
- The Kenya Sugar Board has disbursed over Ksh.600 million to sugarcane factory workers, marking a significant milestone in its efforts to clear outstanding debts owed to employees and farmers.
- The National Treasury on Friday officially received the final report from the Committee of Experts (CoE) on Mobilizing Domestic Capital for Public-Private Partnerships (PPPs).
- Kenya has successfully obtained a 1.5-billion-dollar Eurobond, an equivalent to Ksh.193.9 billion. The bond will also pay off part of an existing debt that was due in 2027.
- Airtel Africa has appointed Publicis Groupe Africa as its integrated marketing partner across 12 key markets on the continent, marking a strategic collaboration aimed at delivering creative, data-driven brand experiences.
- Co-operative Bank of Kenya has posted a Ksh.6.9 billion net profit for the first quarter of 2025, up from Ksh.6.6 billion in a similar period last year, representing a 5.3 per cent growth. The performance reflects strong momentum in digital banking, lending, and cost management.
- Kenya-based electric vehicle start-up Roam, the asset financing company M-Kopa, and the retail chain Quickmart are among local names in the 2025 Financial Times-Statista ranking of Africa’s fastest-growing companies.
- Absa Bank Kenya has announced a strategic partnership with Women’s World Banking, aimed at deepening financial inclusion and promoting economic empowerment of women entrepreneurs across Kenya.
- The country’s high net-worth individuals are changing tack, moving away from foreign homes and luxury residential property in favour of local, income-generating investments.
- Some Ksh.70 billion has to date been disbursed through the Financial Inclusion Fund, the government-run credit facility commonly known as the Hustler Fund, Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya said on Wednesday.
- The Kenya National Chamber of Commerce and Industry (KNCCI) President Erick Rutto has decried the numerous levies and certifications entrepreneurs are required to pay for when setting up businesses in Kenya.
- Norwegian fintech firm Wakandi has launched a capital raise of Ksh6.5 billion (USD 50 million) to fast-track the digitisation of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy
- Norwegian fintech firm Wakandi has launched a capital raise of Ksh2 billion (USD 15 million) to fast-track the digitisation of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy.
- Equity Group emerged as a top performer at the 20th edition of the Think Business Banking Awards 2025, securing 16 awards across key categories that address innovation, financial literacy, SME support, and sustainability.
- Established in 2015 with an initial turnover of KES 17.8 million (USD 138,000), the Nairobi-based institution has reported cumulative revenues exceeding KES 3 billion (USD 23 million) by the end of 2024.
- The Boma International Hospitality College (BIHC), has reported a 166-fold increase in revenue as it marks 10 years in the hospitality and culinary arts training business.
- Equity Group Holdings Plc and the African Guarantee Fund (AGF) have renewed and expanded their strategic partnership in a groundbreaking KSh.64 billion (USD 500 million) which seeks to accelerate access to finance for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa.
- Malaysia is seeking to deepen its trade and investment ties with Kenya by positioning the country as a strategic processing and re-export hub for palm oil products destined for East Africa.
- Technology company Safaricom PLC has reported an 11.2% increase in total revenue, reaching Ksh.388.7 billion for the financial year ending 31st March 2025, up from Ksh.349.4 billion in the previous year.
- Technology company Safaricom PLC has reported an 11.2% increase in total revenue, reaching Ksh.388.7 billion for the financial year ending 31st March 2025, up from Ksh.349.4 billion in the previous year.
- Airtel Kenya has launched an Artificial Intelligence-powered spam alert service that will allow its customers to flag and identify suspicious SMS messages in real time.
- The Finance Bill, 2025, seeks to raise the minimum daily travel allowance employees get, commonly known as per diem, exempt from taxation under the Income Tax Act.
- The government of Kenya has a broad-based implicit policy on creating employment for its people that focusses at both the formal and informal sectors.
- East Africa’s real estate market has defied global headwinds to record impressive growth from Nairobi’s logistics boom to Dar es Salaam’s affordable housing demand.
- Global Credit Rating (GCR) has released its updated public rating of Equity Group Holdings Plc, revising the Group’s long-term issuer rating to A (KE) from AA- (KE), with a Stable Outlook.
- The Competition Authority of Kenya (CAK) has unconditionally approved the proposed acquisition of the entire shareholding in Pollman’s Tours and Safaris by Africa Travel Investments.
- The National Treasury is slashing the three per cent levy on digital assets trade introduced in 2023 by half to 1.5 per cent in the 2025 Finance Bill.
- Over 70% of Kenyans expect to receive at least two performance bonuses in 2025, with a significant number opting to channel their windfalls into wealth-building avenues such as investments, savings, and property acquisition.
- The fashion industry in Kenya is experiencing immense growth, with new trends taking centre stage every day. One such trend is wearable jewellery, especially among celebrities on big occasions. To meet this demand, Sharon Wendo founded Epica Jewellery to make African jewellery with a modern touch,…
- The innovation,set to transform Kenya’s digital payments landscape, dubbed the Faras Wallet, is the first of its kind in Kenya’s ride-hailing industry.
- The Kenya Ports Authority (KPA) has noted a significant increase in ship traffic at the Kisumu port as cargo volumes shipped across Lake Victoria also going up.
- Kenya Power announced on Monday that it will install some 45 electric vehicle (EV) chargers across six counties in the next year as part of the utility’s long-term plan to boost Kenya’s EV uptake.
- The Competition Authority of Kenya (CAK) has given Del Monte Kenya Limited the nod to acquire 100% of Mananasi Fibre Limited's (MFL) shares on grounds that it will not negatively impact competition in the market.
- The Kenya Bankers Association, the umbrella body for all commercial banks, has warned of lower credit extension to the private sector should the Central Bank of Kenya insist on its proposed risk-based credit pricing model, which they say risks stifling access to credit for vulnerable enterprises.
- The National Treasury has chosen to walk away from tax measures that directly impact Kenyans and is instead taking away reliefs that could eventually lead to more expensive consumer goods.
- Kenyan company Rapid Ride has launched digital ride-hailing services in the local market with a model that sees drivers keep all fares and pay a subscription fee.
- Kenya's inflation rate (KECPI=ECI), opens new tab in April rose to 4.1% year-on-year, up from 3.6% a month before, the statistics office said on Wednesday.
- As the government prepares to unveil its expenditure plan for the financial year 2025/2026, the Treasury will be forced to find alternative sources of funding for the Ksh.4.2 trillion budget without the support of the International Monetary Fund (IMF).
- The Kenya National Police DT SACCO (KNPDTS) has secured a solid vote of confidence in its financial performance, following the reaffirmation of its national issuer credit ratings by GCR Ratings, a respected Johannesburg-based agency.
- The service will see the company support businesses of all sizes, including large corporates, SMEs, multinationals and innovators to find the right people in the city for implementing pilots and assessing their efficacy.
