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Africa’s billionaires' collective wealth expands past $100 billion for first time
Apr 01, 2025 at 03:37 PM
For the first time, the cumulative wealth of Africa’s dollar billionaires has surpassed the $100 billion mark, reaching $105 billion, according to Forbes....
Gaming operators given 7-day ultimatum to submit aviator, crash games for review
Apr 01, 2025 at 10:22 AM
Licensed gaming operators have been given a seven-day deadline by the Betting Control and Licensing Board (BCLB) to submit their aviator and crash games for regulatory review, with...
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How NCBA’s Sh230 million investment in golf has elevated the sport in East Africa
Apr 01, 2025 at 03:16 AM
When NCBA Group officially unveiled the NCBA Golf Series on January 27, 2021, many golfers and golf enthusiasts perceived it as just another golf sponsorship by a corporate....
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Junior golfers struggle during the Sigona leg of the NCBA JGF US Kids Spring Tour
Mar 31, 2025 at 04:11 PM
Most junior golfers taking part in the fifth leg of the NCBA JGF US Kids Spring Tour missed their tournament targets as they tried to overcome the Sigona Golf Club course in Limuru...
Emerald Platform: Safaricom’s newly launched premium customer service
Mar 31, 2025 at 02:12 PM
Safaricom has unveiled a premium customer engagement platform which has been designed to offer personalized services, exclusive rewards, and elevated care to customers....
Family Bank profit jumps 38 per cent to Sh3.4 billion as revenue and assets grow
Mar 29, 2025 at 12:31 PM
Family Bank Group’s net earnings climbed to Sh3.4 billion in 2024, reflecting a 38 per cent increase from the previous year’s Sh2.5 billion....
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OPPO A5 Pro debuts in Kenya with military-grade durability and AI smarts
Mar 29, 2025 at 01:00 AM
OPPO Kenya has rolled out the A5 Pro, a smartphone built for those who demand durability without compromising on cutting-edge technology....
EADB and Tuju face off in high-stakes legal showdown over Sh1.2 billion loan
Mar 28, 2025 at 09:31 PM
The East African Development Bank (EADB) has strongly refuted allegations made by former Cabinet Minister Raphael Tuju regarding its lending practices, following a heated radio int...
Britam Holdings posts 52 per cent rise in pre-tax profit to Sh7.3 billion in FY 2024
Mar 28, 2025 at 06:19 PM
Britam Holdings PLC has reported a 52 per cent increase in profit before tax, reaching Sh7.3 billion for the financial year 2024, up from Sh4.82 billion in the previous year....
Africa Global PR Week 2025: Nairobi to host Africa's top PR summit in August
Mar 28, 2025 at 03:40 PM
Nairobi will host Africa Global PR Week 2025, a major gathering of public relations professionals, business leaders, and industry experts from 26th to 29th August....
Idd-ul-Fitr: Monday is a public holiday
Mar 28, 2025 at 02:14 PM
Interior Cabinet Secretary Kipchumba Murkomen has declared Monday a public holiday to mark Idd-ul-Fitr, the Islamic festival that signifies the end of Ramadan....
Kenya unveils its five-year AI strategy, Sh152 billion 'powerhouse' funding plan
Mar 28, 2025 at 01:53 PM
Kenya has set its sights on becoming Africa’s artificial intelligence (AI) powerhouse with the unveiling of a five-year national AI strategy, which will require at least Sh152 bi...
EPRA report shows surge in electricity generation and renewable energy use
Mar 28, 2025 at 12:55 PM
Kenya's energy sector has demonstrated robust growth in the first half of the financial year 2024/2025, characterised by increased electricity generation, a substantial contributio...
Equity Group net profit grows 12 per cent to Sh48.8 billion, dividend up to Sh4.25
Mar 27, 2025 at 12:15 PM
Equity Group has recorded a 12 per cent increase in its profit after tax to Sh48.8 billion in its FY 2024 financial results as its diversified business model and prudent financial ...
Zim billionaire Strive Masiyiwa’s Cassava, Nvidia to launch 'Africa’s first AI factory'
Mar 27, 2025 at 01:09 AM
Zimbabwean telecommunications mogul Strive Masiyiwa’s Cassava Technologies is partnering with American tech giant Nvidia to build what it touts as “Africa’s first AI factory....
Lipa Later goes into administration after Sh1.36 billion debt and equity financing
Mar 26, 2025 at 07:52 PM
Lipa Later, the buy-now-pay-later (BNPL) startup company which operates in Kenya, Uganda, Rwanda and Nigeria has now been out placed under administration....
NAKHULO KHAIMIA: How partnerships will re-define brand engagement in 2025
Mar 26, 2025 at 06:34 PM
As we continue into 2025, the future of brand engagement is being redefined by the rise of partnership economies a revolutionary shift from competition to collaboration....
Banks still dragging feet on cutting high lending rates face tough CBK penalties
Mar 26, 2025 at 06:03 PM
The Central Bank of Kenya (CBK) has warned commercial banks against keeping lending rates high despite the recent reduction of the Central Bank Rate (CBR) to 10.75 per cent....
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I&M Bank proposes Sh3 dividend as gross profit surges 25 per cent to Sh20.8 billion
Mar 26, 2025 at 05:56 PM
I&M Group recorded a Profit Before Tax of Sh20.8 billion for the financial year ending December 31, 2024, reflecting a 25 per cent increase....
Kenya braces for possible EU aid cut as treasury warns of tough financial times
Mar 26, 2025 at 10:43 AM
Kenya’s Treasury has warned of an impending financial crunch, anticipating that the European Union (EU) may soon cut its aid following a similar decision by the United States thr...