Current Date: April 26th, 2025
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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 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 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 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...
News Politics March 3, 2025

No Public Funds Missing: Treasury Addresses Ksh 1.3 Trillion Withdrawal Claims

The National Treasury Kenya has dismissed allegations of irregular Ksh 1.3 trillion withdrawals, assuring the public that no funds...
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 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 ...
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

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 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...
News Politics July 8, 2024

New Bishop Prohibits Fundraisers in Nyahururu

Rt Rev Samson Gachathi, the new Bishop of the ACK Nyahururu Diocese, has suspended all personal harambees, including fundraisers f...
Business News March 27, 2024

Kenya Airways Records First Operating Profit in Seven Years

Kenya Airways celebrates a significant milestone as it reports its first operating profit in seven years, marking a turnaround in ...
Business March 18, 2024

Best online platforms for selling products in Africa Kenya. 

Discover the explosive growth of Kenya's e-commerce market, set to reach $6.8 billion by 2025. Driven by increased internet access...
Business News March 13, 2024

Airbnb prohibits the use of indoor surveillance cameras in short-term rentals

Airbnb announces a ban on indoor surveillance cameras in rental properties worldwide, prioritizing guest privacy. The policy chang...
Business February 27, 2024

Universal Music Group Acquires Majority Stake in Mavin Global: Key Move in Afrobeats Scene

Learn about Universal Music Group's acquisition of a majority stake in Mavin Global, a leading Nigerian record label founded by Do...