Current Date: December 22nd, 2024
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Business

Business December 16, 2024

Sanlam Kenya Shareholders Approve KSh 3.25 Billion Rights Issue to Recapitalise Balance Sheet

Sanlam Kenya shareholders approve a KSh 3.25 billion rights issue to repay debts and fund growth. Discover the strategy behind thi...
Business December 16, 2024

Tetra Pak Wins 2024 Sustainable Packaging Award for Paper-Based Barrier Innovation

Tetra Pak’s paper-based barrier material wins the 2024 Sustainable Packaging News Resource Efficiency Award. The innovation cuts...
Business December 13, 2024

Kenya, Uganda, Rwanda, and South Sudan Commit to Eldoret-Kampala-Kigali Pipeline Project

Kenya, Uganda, Rwanda, and South Sudan commit to building the Eldoret-Kampala-Kigali refined petroleum products pipeline to stream...
Business December 10, 2024

Absa Bank Shines in 2024 Banking Awards with Outstanding Leadership and Innovation

Discover how Absa Bank Kenya’s exceptional leadership and innovative strategies secured multiple accolades, including CXO of the...
Business December 6, 2024

GTBank Kenya Launches GTMazao to Empower SMEs and Drive Economic Growth

GTBank Kenya unveils GTMazao, a new product designed to help small and medium-sized enterprises (SMEs) earn interest on their bank...
Business December 6, 2024

CBK Cuts Central Bank Rate to 11.25% to Support Economic Growth

The Central Bank of Kenya (CBK) reduces the Central Bank Rate (CBR) from 12% to 11.25% in response to stable inflation and a stead...
Business December 5, 2024

Tullow Oil CEO Rahul Dhir to Step Down in 2025 After Leading Strategic Turnaround

Tullow Oil CEO Rahul Dhir will step down in 2025 after a successful tenure marked by a $1.1 billion cash flow boost and debt reduc...
Business News December 5, 2024

M-Pesa Reaches 34 Million Subscribers: Revolutionizing Financial Services in Africa

Discover how M-Pesa, Safaricom's mobile money service, hit 34 million subscribers in November 2024. Learn about its innovative fin...
Business December 4, 2024

Savannah Clinker Withdraws Bamburi Cement Acquisition Amid Controversy

Savannah Clinker Limited has withdrawn its bid to acquire Bamburi Cement following approval by the Capital Markets Authority (CMA)...
Business December 3, 2024

Safaricom Revamps 5G for Business to Empower SMEs with Faster Internet

Safaricom has enhanced its 5G for Business service to provide SMEs with faster and more reliable internet connectivity, catering t...
Business December 2, 2024

KTN Unveils Unified Brand: Merging KTN Home and KTN News

Standard Media Group’s Kenya Television Network (KTN) has announced the merger of its two flagship brands, KTN Home and KTN ...
Business December 2, 2024

I&M Bank Reduces Interest Rates by 0.75% to Support Economic Growth

I&M Bank has announced a 0.75% reduction in its interest rates, following the Central Bank of Kenya’s (CBK) decision to ...
Business August 19, 2024

NSSF Leverages Technology to Process Benefits Within 24 Hours

The National Social Security Fund (NSSF) in Kenya has implemented advanced digital solutions to process retirement benefits within...
Business News August 9, 2024

State Issues Warning to Sugar ‘Cartels’ Hindering Sector Growth with Court Cases

Agriculture Principal Secretary Paul Rono has urged sugar cartels in Kenya to halt their legal battles, which are stalling sector ...
Business News August 6, 2024

Mobius Motors Ceases Operations in Kenya

Mobius Motors is set to cease its operations in Kenya after shareholders voted for liquidation. A creditors' meeting is scheduled ...
Business July 31, 2024

Ruto Pledges Reforms for Kenya Power and Other State Enterprises

President William Ruto has announced major reforms for Kenya Power and other state enterprises to enhance governance and operation...
Business News July 29, 2024

Farmers Rejoice as Sony Sugar Settles Ksh306 Million Historic Debt

Sony Sugar clears Ksh306 million in historical debts to farmers, including a government contribution of Ksh181 million and additio...
Business News July 26, 2024

IMF: Africa’s Growth Potential Remains Strong Despite Challenges

The IMF highlights Africa's strong growth potential despite facing significant economic challenges such as inflation and climate c...
Business News July 11, 2024

Tanzanian Company Set to Purchase Bamburi Cement for Sh23 Billion

Discover how Amsons Group plans to acquire Bamburi Cement, a major move in East African investment, signaling growth in the region...
Business July 10, 2024

Licensing Delays and Regulatory Gaps Impact Mining Sector

Discover the challenges facing Kenya's mining sector, including regulatory hurdles in permit issuance and concerns over discrimina...