- 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.
- Commercial banks will have until May 2, 2025 to submit their feedback on the Central Bank of Kenya's consultative paper on the review of the risk-based credit pricing model.
- As a result of the Trump tariffs, the fund has downgraded the global economic growth to 2.8%, a significant drop from the earlier prediction of 3.3% for 2025.
- China and Kenya announced they had upgraded ties to a "new level" on Thursday during a meeting between President Xi Jinping and Kenyan President William Ruto in Beijing, as they both pledged to create an "all weather" China-Africa community.
- GulfCap Investments Bank and real estate equity firm Heri Investments have sealed a Ksh.1.2 billion deal to expand Nova Pioneer schools in Tatu City through a Sharia-compliant financing structure.
- US regulators filed a lawsuit on Monday accusing Uber of misleading users about promotional savings at Uber One subscription service and even signing them up without consent.
- The Kenya National Chamber of Commerce and Industry (KNCCI) Chief Executive Officer, Ahmed Farah, has left the organisation following a five-month stint.
- The Kenya National Chamber of Commerce and Industry (KNCCI) Chief Executive Officer, Ahmed Farah, has tendered his resignation following a five-month stint.
- The National Treasury has issued a set of guidelines to all accounting officers in ministries, departments, and agencies, as well as those in constitutional commissions and independent offices, and county executives and their entities.
- On the rolling green hills of the Sitoi estate in Nandi County, more than 100 residents are occupying 350 acres (140 hectares) of land, picking tea and living in huts made of mud and rusty iron sheets while grazing their cattle.
- Kenya Airways (KQ) announced on Thursday it had diverted some of its flights scheduled to land at Nairobi’s Jomo Kenyatta International Airport (JKIA) due to poor visibility.
- The inaugural East Africa Somali Awards held in Nairobi brought together business leaders, entrepreneurs, and dignitaries from across the region to recognize the transformative role of Somali-led investments in East Africa’s economic growth.
- In February 2025, while addressing a Bunge La Mwananchi forum at Jevanjee Gardens in Nairobi, Mbadi noted that the government is exploring alternative strategies to raise revenue including widening the tax base and prioritizing fiscal discipline.
- Gen Z is emerging as the biggest spenders in Kenya, according to new research projecting that over 17 million consumers in the generation born between 1997 and 2012 will spend Ksh.4.4 trillion (US$34 billion) on goods and services in 2025.
