Business

Business March 25, 2025

Communications Authority of Kenya Requires Licensing for All Imported Digital Technology Products

The Communications Authority of Kenya now requires all importers of digital technology to obtain a valid license before their pro...

Business March 25, 2025

KCB Group Acquires 75% Stake in Riverbank Solutions to Strengthen Fintech Presence

KCB Group has signed a binding deal to acquire a 75% stake in Riverbank Solutions, a leading financial services technology firm. T...

Business News March 14, 2025

EPRA Retains Fuel Prices for March-April 2025: Petrol at Ksh176.58 in Nairobi

EPRA has announced that fuel prices will remain unchanged from March 15 to April 14, 2025. Super Petrol in Nairobi will retail at ...

Business March 13, 2025

KenGen Announces Sh4.3 Billion Dividend Payout as Government Receives Majority Share

Kenya Electricity Generating Company PLC (KenGen) has declared a Sh4.3 billion dividend payout, with the government receiving Sh3 ...

Business March 12, 2025

KCB Group Posts Sh61.8 Billion Profit in 2024, a 64.9% Surge in Earnings

KCB Group reported a 64.9% rise in profit after tax, reaching Sh61.8 billion in 2024. The growth was driven by strong revenue expa...

Business March 12, 2025

OLA Energy Kenya Announces Strategic Restructuring Amid Financial Challenges

OLA Energy Kenya is set to restructure its operations due to financial constraints, leading to job cuts. The company aims to enhan...

Business March 6, 2025

Kenya Power Sounds Alarm on 30% Electricity Price Hike Over Soaring Wayleave Costs

Kenya Power warns of a potential 30% electricity price hike due to proposed wayleave fees on power lines. MD Joseph Siror highligh...

Business News March 3, 2025

Treasury to Launch $900M Eurobond Buyback to Reduce Debt Burden

Kenya plans a $900 million Eurobond buyback to ease debt repayment pressure, replacing it with a new bond for longer-term stabilit...

Business News February 27, 2025

KRA Unveils Major eTIMS Upgrades for Enhanced Taxpayer Experience

The Kenya Revenue Authority (KRA) has introduced key updates to its Electronic Tax Invoice Management System (eTIMS), including se...

Business News February 25, 2025

Kenyan Tech Innovator Claims Ownership of Maisha Namba, Seeks Ksh391 Billion Compensation

Kenyan software developer Moses Victor Orwa Onyango has sued the government, claiming Maisha Namba was his idea. He seeks Ksh391 b...

Business News February 19, 2025

DP Kindiki Announces Major Cut in Bank Lending Rates to Boost Affordable Credit

Deputy President Kithure Kindiki has announced another reduction in Kenya’s bank lending rates in March 2025, following CBK’s ...

Business News February 19, 2025

Zuku Fined Ksh500K for Sending Unsolicited Promotional Messages to Former Client

Zuku has been fined Ksh500,000 for violating Kenya’s Data Protection Act by spamming a former customer with unwanted promotional...

Business Lifestyle February 12, 2025

Lawyer Danstan Omari Sues KCB for Wrongful CRB Blacklisting, Seeks Sh20 Million

Prominent lawyer Danstan Omari has taken KCB to court over wrongful CRB blacklisting, demanding Sh20 million in damages for reputa...

Business Politics February 12, 2025

President Ruto Approves 2025 Budget and Major Reforms at JKIA

President William Ruto on Tuesday chaired a Special Cabinet meeting at State House, Nairobi, where the Cabinet approved the 2025 B...

Business News February 11, 2025

Kenya Airways Issues Fraud Alert on Fake Job Advertisement

Kenya Airways warns the public about a fake job memo circulating on social media. Stay informed and verify job openings only throu...

Business Politics February 8, 2025

Kenya Airways Strengthens Collaboration with Government for ‘Fly Kenya’ Policy

Kenya Airways engages with government stakeholders to promote the 'Fly Kenya' policy, ensuring seamless government travel and stre...

Business News February 6, 2025

Central Bank of Kenya Cuts Interest Rates and CRR to Stimulate Economic Growth

The Central Bank of Kenya (CBK) has reduced the Central Bank Rate (CBR) and Cash Reserve Ratio (CRR) to encourage economic activit...

Business February 5, 2025

The Future of Family-Owned Businesses in Kenya: Why Listing on the NSE is the Key to Longevity

Discover why family-owned businesses in Kenya should consider listing on the Nairobi Securities Exchange (NSE) to ensure longevity...

Business News January 30, 2025

Former KEPSA Chair Nicholas Nesbit Charged with Defrauding Bidco CEO Vimal Shah of Sh102M

Former KEPSA Chair Nicholas Nesbit has been charged with defrauding Bidco CEO Vimal Shah of Sh102 million in a foreign exchange de...

Business News January 24, 2025

Surge in Foreign Investor Exits at Nairobi Securities Exchange Amid Q4 2024 Gains

Foreign investor exits at the Nairobi Securities Exchange (NSE) hit Sh16.6 billion in Q4 2024 despite a strong local currency and ...