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Safaricom confirms Fawzia Ali Kimanthi as its Chief Consumer Business Officer
Mar 22, 2023 at 01:49 PM
Fawzia had held the position albeit in an acting capacity since July 2022 and Safaricom says she has provided “exemplary leadership and inspiration to the team” during the peri...
DTB expands network in Kenya to 70 with new Nairobi and Kiambu branches
Mar 22, 2023 at 01:20 PM
The three new branches situated in Baba Dogo and Kijabe Street in Nairobi and another in Kiambu town pushes DTB’s branch network to 70 in Kenya and 138 across East Africa....
Kakuzi records Sh845.8 million net profit buoyed by more export-grade avocados
Mar 22, 2023 at 01:42 AM
Listed superfoods producer Kakuzi has posted announced a net profit of Sh845.8 million for the fiscal year ended December 31, 2022, representing a 62 per cent spike in after-tax pr...
Cabinet endorses Bill giving CS power to bypass MPs in privatising parastatatals
Mar 22, 2023 at 12:02 AM
The controversial Bill sponsored by the government is set to be tabled in Parliament soon as President William Ruto seeks a fast-tracked way to sell off parastatals minus the nod o...
Kenya Airways closes booking offices in Kisumu and Johannesburg over demos
Mar 19, 2023 at 05:15 PM
Kenya Airways (KQ) has announced it will close its booking offices in Kisumu City and Johannesburg in South Africa on Monday, March 20....
Suzuki XL6: Features of the sleek mid-sized station wagon unveiled in Kenya
Mar 16, 2023 at 08:35 PM
CFAO Motors Kenya, a motor vehicle distributor, has launched the all-new Suzuki XL6....
New KEBS levy that has left 'hustlers' with a bitter taste in their mouths
Mar 16, 2023 at 03:32 PM
A move by the Kenya Bureau of Standards (KEBS) to enforce a 10-year-old levy under the Standards Levy (Amendment) Order 1999 has raised concerns among small business owners....
NBK records Sh828 million in post-tax profit as it grew its operating income
Mar 16, 2023 at 02:45 PM
In the period under review, NBK increased its net interest income by 10 per cent to Sh9.1 billion and this was majorly attributed to higher lending by the financial institution....
NCBA rolls out affordable housing mortgage targeting mass market
Mar 16, 2023 at 12:32 PM
NCBA customers will be able to access the offering to own homes starting from 9.5 per cent interest rate with up to 25 years repayment period and 105 per cent home financing....
DTB to increase green lending, targets net zero carbon neutrality by 2030
Mar 15, 2023 at 11:04 PM
Diamond Trust Bank (DTB) has pledged to grow its lending to green projects to a quarter of its loan book and realise net zero carbon emissions status across its operations by 2030....
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KCB records Sh40.8 billion in net profit, as its balance sheet crosses Sh1.5 trillion
Mar 15, 2023 at 10:03 PM
The net profit announced by KCB Group when it released its financials on Wednesday marked a 19.5 per cent increase in profitability by the bank from Sh34.2 billion reported in 2021...
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Microsoft ADC, Game of Learners for University students Season 4 begins
Mar 15, 2023 at 02:14 PM
University students from across Kenya and some parts of Africa can now apply to take part in season 4 of the Microsoft Africa Development Center’s (ADC) Game of Learners (GOL) co...
ALP and IFC partner to accelerate adoption of green building in Kenya
Mar 14, 2023 at 10:56 PM
ALP says this will be done by promoting voluntary green building certification programs based on World Bank's Excellence in Design for Greater Efficiencies (EDGE) standards....
Samsung offers 24-month warranty for select fridges and washing machines
Mar 14, 2023 at 03:26 AM
The two-year warranty will be applicable to particular models of refrigerators and washing machines manufactured by Samsung....
World Bank set to expand its Kenya budget support loan to Sh129 billion
Mar 13, 2023 at 01:48 PM
Kenya expects to use the extra funding it is seeking from the Bretton Woods institution to plug the budget discrepancy in the 2022-2023 financial year that ends on June 30....
NBK unveils product to accelerate access to financing by women entrepreneurs
Mar 09, 2023 at 02:12 PM
Nia aims to provide women-owned and women-led enterprises with access to financing, capacity building, and mentorship to sustainably grow their businesses and create new jobs....
AAR Insurance unveils innovation hub to grow product penetration in the region
Mar 08, 2023 at 12:08 PM
AAR Insurance has been seeking to establish itself as a leader in the industry by unveiling customized products and services through its technology-first operation model in the fas...
Housing Dept, Gulf Cap Africa ink Sh13 billion deal for 6,704 affordable houses
Mar 06, 2023 at 09:00 PM
The State Department of Housing and Urban Development and Gulf Cap Africa Limited have signed a Sh13 billion deal to build 6,704 affordable housing units in Starehe, Nairobi County...
China Square reopens its doors after talks between Kenya and local Chinese traders
Mar 06, 2023 at 03:53 PM
Reopening of the China Square located at the Unicity Mall along Thika Road comes a week after its owner Lei Cheng announced its indefinite closure due to controversy over its prici...
Carrefour Kenya appoints new country manager, eyes expansion in East Africa
Mar 06, 2023 at 01:47 PM
Christophe Orcet was previously the MAF Carrefour Head of Operations and Commercial in the UAE and he will now take over the mantle in Kenya from Franck Moreau effective March 1, 2...
Kenya and European Investment Bank to enhance cooperation in green hydrogen
Mar 06, 2023 at 11:16 AM
Energy CS Davis Chirchir said Kenya’s wind and solar power can be harnessed to produce green hydrogen and provide affordable power for economic and industrial development....
Safaricom partners with six banks in Kenya to tackle SIM-Swap fraud menace
Mar 02, 2023 at 05:58 PM
Safaricom CEO Peter Ndegwa noted that the rapid growth of Kenya’s FinTech sector has seen a rapid growth threat environment targeting both customers and FinTech operators....
KenGen records Sh2.8 revenue growth for first half of 2022 on energy sales spike
Mar 02, 2023 at 01:44 AM
Kenya Electricity Generating Company (KENGEN) has reported a revenue growth of 11 per cent to Sh27.5 billion for the six months ending December 31, 2022, from Sh24.7 billion record...
Kakuzi showcases market diversification plan at Avocado Society of Kenya expo
Mar 01, 2023 at 03:22 PM
Kakuzi’s participation in this year’s Avocado Society of Kenya expo was driven by the firm’s endeavor to showcase its market diversification plan that is targeting the Kenyan...
AAK unveils new logo, shifts focus to sustainable high-quality food production
Feb 28, 2023 at 03:52 PM
AAK says the association will focus on “human well-being through food, nutrition and health, and the sustainable use of our ecosystems” to address changing global food and heal...
Police disperse Nyamakima traders' anti-China Square demos outside Ruto office
Feb 28, 2023 at 01:52 PM
The irate traders from downtown Nairobi are demanding that the government protects their businesses from what they allege is an invasion by traders of Chinese descent....
CS Linturi announces enhanced bilateral trade in tea between Kenya and Pakistan
Feb 28, 2023 at 11:43 AM
Pakistan is Kenya’s largest trade partner in the tea sector and imports 40 per cent of Kenyan tea....
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