Current Date: February 28th, 2025
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Business

Business News January 8, 2025

Kenya to Revamp Satellite Communication Licensing Fees: Implications for Starlink and Industry Stakeholders

Kenya plans to increase satellite communication licensing fees, impacting companies like Starlink. Discover how new proposals from...
Business January 7, 2025

Kenya Private Sector Shows Resilience Amid Inflation Pressures – December 2024 PMI Report

Discover how Kenya's private sector maintained growth in December 2024 despite inflation challenges. Key insights from the Stanbic...
Business January 7, 2025

Carrefour Opens New Store in Westlands, Nairobi, Boosting Accessibility and Job Creation

Carrefour expands in Kenya with a new store in Westlands, creating jobs and supporting local suppliers. Learn about its impact on ...
Business January 7, 2025

Kenya Airways Shares Resume Trading on NSE After Suspension Lifted

Trading in Kenya Airways shares resumes on the Nairobi Securities Exchange. Learn about the reasons behind the suspension lift and...
Business News January 7, 2025

New Marine Cargo Insurance Rules for Kenya: What Importers Need to Know

Starting February 14, 2025, Kenya mandates local Marine Cargo Insurance for import clearance. Learn how this new digital process b...
Business January 6, 2025

New Microfinance Act Protects Borrowers From Abusive Debt Collection

Discover how the amended Microfinance Act 2025 safeguards borrowers from harassment and ensures transparency in debt collection. L...
Business January 3, 2025

Registrar of Companies Dissolves 116 Firms Amid Kenya’s Economic Challenges

Discover why 116 companies were dissolved in Kenya as per the latest Gazette Notice. Explore the economic challenges driving busin...
Business December 20, 2024

Treasury CS John Mbadi Orders Budget Cuts for State Corporations in 2025/2026

Treasury CS John Mbadi has issued directives for State Corporations to slash spending on legal fees, travel, training, and more in...
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 ...