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Family Bank records Sh1.5 billion pre-tax profit in Q1 2025 after interest income rise
May 21, 2025 at 04:53 PM
Family Bank recorded a 15.4 per cent increase in profit before tax to Sh1.5 billion in the first quarter of 2025, up from Sh1.3 billion in the same period last year....
Safaricom rolls out new credit lifeline for MSMEs with quick loans up to Sh400,000
May 21, 2025 at 02:54 PM
Safaricom has rolled out a trio of enhanced digital credit solutions, Fuliza Biashara, Taasi Pochi, and Taasi Till, targeting small and micro-enterprises (MSMEs) seeking quick, fle...
KRA extends service hours as June 30 tax return deadline fast approaches
May 20, 2025 at 07:09 PM
With the end of June fast approaching, the Kenya Revenue Authority (KRA) has stretched its working hours to accommodate the expected rush of Kenyans scrambling to beat the 2024 inc...
Why households in Nairobi and Dar es Salaam are paying more for maize
May 20, 2025 at 05:38 PM
Families across Eastern and Southern Africa are feeling the strain of rising food costs, as a new report reveals that maize prices have climbed to their highest levels within the C...
Diageo makes tough decisions in Sh65 billion major cost cutting to tackle debt
May 20, 2025 at 03:59 PM
Diageo has announced a sweeping cost-saving strategy amounting to approximately Sh65 billion by 2028, coupled with significant asset sales, in an attempt to steady its financial fo...
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NCBA and Strathmore certify 38 SME owners under Sh3 billion training drive
May 20, 2025 at 07:00 AM
Thirty-eight business owners have completed a six-month training programme run by NCBA Bank and Strathmore Business School, as part of a wider strategy to strengthen small and medi...
Kenya targets 3.4 billion litres of milk annually by 2028 as dairy revenue rises
May 19, 2025 at 06:55 PM
Kenya could see its annual milk production swell to 3.4 billion litres by 2028, unlocking an estimated Sh156 billion in additional revenue, as a privately-led campaign to boost for...
Equity bags fourth superbrand award
May 19, 2025 at 04:42 PM
Equity Group Holdings Plc has been recognised as a Superbrand in East Africa for the fourth time, making it the only bank in Kenya to receive the distinction on as many occasions....
5 powerful lessons for Kenyan investors from Africa’s wealthiest, Aliko Dangote
May 19, 2025 at 02:05 PM
In the bustling commercial hub of Lagos, Nigeria, a young man once borrowed $3,000 (about Sh400,000) from his uncle—not to buy a car, but to establish a trading business....
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Safaricom rolls out ambitious campaign to upscale smartphone access in Kenya
May 19, 2025 at 10:21 AM
Safaricom has launched a new nationwide initiative, ‘Maisha Poa Ni Digital’, as part of its ongoing efforts to accelerate digital inclusion across Kenya....
Orange appoints Yasser Shaker to lead African and Middle Eastern expansion
May 16, 2025 at 08:20 PM
Orange Group is set to shift the leadership of its Middle East and Africa operations into new hands, announcing that Yasser Shaker will become Executive Vice President and CEO of t...
Absa, Women’s World Banking partner to spur women entrepreneurs in Kenya
May 16, 2025 at 05:49 PM
Absa Bank has joined forces with Women’s World Banking (WWB) in a strategic alliance designed to expand economic opportunities for women entrepreneurs in Kenya, with a particular...
Co-operative Bank Q1 2025 profit after tax increases by 5.3 per cent to Sh6.93 billion
May 16, 2025 at 12:09 AM
Co-operative Bank of Kenya has begun the year with a Sh6.93 billion net profit for the first quarter of 2025, reflecting a 5.3 per cent uptick from Sh6.58 billion in the same perio...
Warren Buffett: What Kenyan investors can learn from the ‘Oracle of Omaha’
May 15, 2025 at 03:33 PM
Warren Buffett, who is often referred to as the “Oracle of Omaha,” is one of the most iconic and successful investors the world has ever seen....
City Hall distances itself from Naivas Supermarket shutdown directive
May 15, 2025 at 11:51 AM
City Hall has distanced itself from a controversial order to shut down all Naivas Supermarket outlets within Nairobi County over allegations of failure to meet health safety regula...
Kakuzi targets fourth crop and export growth as it unveils its 10-year strategy
May 14, 2025 at 09:18 PM
Kakuzi Plc has unveiled a ten-year plan to introduce a fourth commercial crop and expand its export capacity, aiming to strengthen returns and diversify markets....
Fuel prices in Kenya remain unchanged despite dropping global crude oil costs
May 14, 2025 at 06:01 PM
Motorists and households across Kenya will not pay more—or less—for fuel over the next month, as the government has opted to maintain the current retail prices of petrol, diese...
Naivas Supermarket fights closure orders
May 14, 2025 at 05:36 PM
Naivas Supermarket has refuted reports that expired products had been found in its outlets in Nairobi City County resulting in a closure directive by Nairobi County Health Committe...
Microsoft lays off 6,000 workers globally
May 14, 2025 at 05:32 PM
Microsoft has laid off 6,000 employees worldwide in its largest job reduction since early 2023, accounting for nearly 3 per cent of its global workforce....
KNCCI boss Erick Rutto faults Sh337,000 levies blocking new businesses in Kenya
May 14, 2025 at 02:59 PM
Entrepreneurs hoping to launch new ventures in Kenya are being choked by an array of costly and overlapping regulatory charges, according to the Kenya National Chamber of Commerce ...
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Absa Bank Kenya unveils its custody services business as appetite grows
May 14, 2025 at 02:49 PM
Absa Bank Kenya has officially launched its custody services business, marking a significant expansion of its corporate and investment banking offerings in the region....
MCAs order all Naivas Supermarkets in Nairobi County to shut down - VIDEO
May 14, 2025 at 01:04 PM
Members of a Nairobi County Assembly committee have ordered all Naivas Supermarkets within the county to be shut down temporarily due to what it termed as critical breaches of mult...
BURN secures Sh650 million boost to power Kenya’s shift to electric cooking
May 14, 2025 at 12:58 PM
BURN, a clean cookstove manufacturer, distributor, and carbon project developer, has secured a Sh650 million investment to scale up electric cooking in Kenya....
Aviation adds Sh430 billion to Kenya’s GDP, powers 460,000 jobs, IATA reveals
May 14, 2025 at 10:01 AM
Kenya’s aviation sector has emerged as a major pillar of the national economy, contributing 3.1 per cent to the Gross Domestic Product (GDP)—equivalent to Sh430 billion—and s...
12 key changes in Finance Bill 2025 targeting Sh559.9 billion in tax reforms
May 13, 2025 at 07:33 PM
The Finance Bill 2025 is projected to raise Sh559.9 billion—or 2.9 per cent of the GDP—through sweeping tax reforms and administrative adjustments....
IMF set to assess Kenya’s debt as Sh3.36 trillion repayment deadline looms large
May 13, 2025 at 12:50 PM
The International Monetary Fund (IMF) is preparing to scrutinise Kenya’s debt profile through a formal debt sustainability analysis, a critical step in determining whether the co...
Kenya sets ambitious target, seeks to quadruple tea exports to China by 2030
May 13, 2025 at 11:43 AM
Kenya has set its sights on expanding tea exports to China more than fourfold by 2030, seeking to scale shipments from the current 12.42 million kilogrammes to 50 million kilogramm...