Current Date: April 26th, 2025
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Business

Business News April 24, 2025

Rail Disruption: Kenya Railways Suspends Lukenya and Syokimau Commuter Trains After Mukuru Blockage

Kenya Railways suspends commuter services to Lukenya and Syokimau due to a railway line blockage at Mukuru. Restoration efforts ar...
Business News Politics April 23, 2025

Kenya and Ethiopia Sign Trade Deal to Boost AfCFTA Implementation at the Border

Kenya and Ethiopia have signed a landmark bilateral agreement to fast-track AfCFTA implementation through a simplified trade regim...
Business News April 22, 2025

Kenya Faces Legal Storm Over Abrupt ETA System Shift, Threatening Tourism and Tech Investment

Kenya’s sudden replacement of the Travizory ETA system with a local alternative sparks legal threats, investor concerns, and dis...
Business News Politics April 22, 2025

Kenya Invites Beijing Urban Construction Group to Bid for JKIA Expansion

Kenya invites Beijing Urban Construction Group to bid for the expansion of Jomo Kenyatta International Airport, with plans for a n...
Business Entertainment April 18, 2025

NEMA Shuts Down Habanos Lounge Over Persistent Noise Violations

NEMA orders immediate closure of Habanos Lounge on Northern Bypass due to persistent noise complaints, highlighting Kenya’s risi...
Business News April 15, 2025

Suspected JamboPay Hacker Arraigned Over Sh49M Cyber Theft in Nairobi

Suspected Hacker Arraigned in Nairobi Over Sh49 Million JamboPay Heist A man suspected to be behind the hacking of the JamboPay cl...
Business News April 15, 2025

Nation Media Group Posts Sh254M Loss in 2024, Second Consecutive Year in the Red

Nation Media Group recorded a Sh254.4 million loss in FY 2024, following a Sh205.7 million loss in 2023, as declining revenues and...
Business News April 15, 2025

KCB Group Gets Green Light to Sell National Bank of Kenya to Nigeria’s Access Bank

KCB Group PLC has obtained critical regulatory approvals to proceed with the sale of National Bank of Kenya (NBK) to Nigeria’s A...
Business News April 11, 2025

KCB Bank Slashes Base Lending Rate to 13.85% After CBK Cut — First Kenyan Bank to Act

KCB Bank has become the first financial institution in Kenya to lower its base lending rate, adjusting it from 14.6% to 13.85% per...
Business News April 10, 2025

KCB Foundation Commits Sh100M to Fund University Education for 300 Vulnerable Students

KCB Foundation has invested Sh100 million in its University Scholarship Programme to support 300 underprivileged students with ful...
Business News April 9, 2025

DCI Cracks Down on Stolen Vehicle Syndicate in Nairobi’s Kangundo Road

DCI busts illegal car yards along Kangundo Road, Nairobi, recovering vehicles with altered chassis numbers, fake plates, and arres...
Business Politics April 7, 2025

Treasury CS John Mbadi Dismisses Reports of New Tax Hikes in Finance Bill 2025

Treasury Cabinet Secretary John Mbadi has reassured Kenyans that no decision has been made regarding increased taxation, following...
Business Politics April 3, 2025

Why Electricity Is More Expensive in Kenya Than Other East African Countries – PS Sing’Oei

Kenya's Foreign Affairs PS Korir Sing'Oei explains why electricity is pricier than in Uganda, Tanzania, and Ethiopia. He cites inf...
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...