Britam's BetaLab backs local fintech's bid to power riders with cover and fuel credit

Britam’s innovation and incubation hub BetaLab has invested Sh5 million in a local fintech firm Oye, to boost access to insurance and ease fuel costs for the country’s two million boda boda drivers.

By 19 days ago

Hidden knife in the Finance Bill that stabs firms

Manufacturing sector will bear the brunt of raw material taxation. Extension of tax refund timelines will severely strain cash flow for businesses.

By 20 days ago

Budget blues: Tax shifts threaten jobs and investments

Stakeholders and tax experts have expressed deep concerns over provisions in the Finance Bill, 2025, that could negatively impact businesses and cash flows in the economy.

By 24 days ago

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Trump's administrative decisions have far broader effect

As the world navigates global economic shockwaves and geopolitical tensions, US President Trump’s administration has been nothing short of turbulent waters, for both its foes and allies.

By 29 days ago

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Car importers fault KRA's new car valuation, says will cripple the industry

The Car Importers Association of Kenya (CIAK) has rejected the proposed revision of the retail selling prices of imported used motor vehicles by the government.

By 29 days ago

KRA defends new car valuation, says 2019 price list outdated

KRA defends new car valuation, says changes reflect rising market trends and that 2019 prices are outdated; missing models to be updated.

By 1 month ago

Airtel Money users to get cash back on transactions

Airtel Kenya will now reimburse its customers 50 per cent of transaction fees for bank-to-Airtel Money transactions.

By 1 month ago

Experts wary of hidden taxes in Ruto's 'no-tax Finance Bill 2025

The Finance Bill, 2025 appears to be a cautious response to avoid similar unrest that ensued across the country following the rejection of the 2024 Bill .

By 1 month ago

Access Bank completes takeover of National Bank from KCB

Access Bank has completed the acquisition of National Bank of Kenya from KCB Group as it continues on its Kenyan expansion drive.

By 1 month ago

Millie Odhiambo warns of online predators amid 8,800 missing children cases

Millie further pointed out that some content creators produce highly explicit material, which children should not be exposed to.

By 1 month ago

Shareholders approve Sh9.6b KCB dividend

KCB Group shareholders have approved a Sh9.6 billion total dividends payout for the 2024 financial year at an annual general meeting in Nairobi on Thursday.

By 1 month ago

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Report blames IMF for economic mess, warns of budget cuts

Africog has accused the IMF of enabling the government's mismanagement by its rosy description of Kenya's economy despite indicators pointing to a poor performance.

By 1 month ago

Real estate firms to build mixed-use facility in Westlands

Property developer Mi Vida Homes has signed a strategic partnership with Space Master Properties for the commercial and construction devt of Habitat, a 24-story mixed-use development.

By 1 month ago

Kenyans shun SGR following fare hike

SGR ridership drops as commuters react to fare increases.

By 1 month ago

Tourist numbers climb 14.7 per cent to hit 2.39m in 2024

Tourist numbers to Kenya in 2024 hit 2.39 million, marking a new high in the five years since 2020.

By 1 month ago

EIB, Family Bank to raise Sh14.7bn for businesses led by women, youth

EIB Global and Family Bank are mobilising Sh14.7 billion (Euros 100 million) to finance women-owned and led businesses, and youth entrepreneurs in the country.

By 1 month ago

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Safaricom CEO reflects on his first five years at the telco

Safaricom has hired an army of developers to build the products and services on which it would anchor its transition into a technology company.

By 1 month ago

Equity Group, African Guarantee Fund to support SMEs with Sh64 billion facility

Equity Group Holdings and the African Guarantee Fund have strengthened their commitment to supporting MSMEs with a $500 million (Sh64.5 billion) facility.

By 1 month ago

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KRA moves to end VAT fraud and curb staff collusion

KRA has launched a crackdown on VAT fraud, targeting the notorious “missing trader scheme” and reinforcing internal controls to curb staff collusion.

By 1 month ago

Firm leads initiative to rejuvenate Kenya's forests

This brought the total number of trees planted by the firm to 46,000 over the past three years, even as it plans to ramp up its annual targets further over the next five years.

By 1 month ago

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How female Boda boda riders are breaking barriers in Kisii

Over the last five years, the Boda product has been disbursed to 70,000+ female clients in Kenya by Watu Credit.

By 1 month ago

Central and Rift farmers pocket Sh1.9b from milk sales

Earnings by dairy farmers in Central and South Rift from raw milk sold to processor Brookside climbed to Sh1.9 billion last year.

By 2 months ago

Daniel Juma appointed GPF regional representative

Daniel Juma Omondi has been appointed as the Global Peace Foundation (GPF) Regional Representative for Africa, effective 1st May 2025.

By 2 months ago

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Workers suffer as Atwoli 'too young' to retire at 75

Despite his age, Francis Atwoli’s supporters argue he remains vibrant and essential to Kenya’s labour movement.

By 2 months ago

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How KRA loses billions to falsified mitumba invoices

Fake mitumba invoices cost the national government billions in lost tax revenue.

By 2 months ago

Francis Awoli vows to stay put in Cotu

Central Organisation of Trade Unions Secretary General Francis Atwoli has declared interest in defending his position in the union elections next year.

By 2 months ago

Atwoli to seek re-election next year, COTU board says

The executive Board members of the Central Organisation of Trade Unions (COTU-K) have said that Francis Atwoli will defend his seat as the secretary general of the umbrella workers' body.

By 2 months ago

Standard Group CEO feted among 2025's Most Influential CEOs

Global Peace Foundation’s Kenya Country Director, Daniel Juma, Britam Holding CEO Tom Gitogo, KEPSA CEO Carole Karuga and Paul Russo of KCB bank are among 50 most influential CEOs in Kenya.

By 2 months ago

Trade unions want Labour issues addressed by ministry

Trade Unionists want labour-related issues addressed.

By 2 months ago

How second hand clothing imports are costing Kenya's exchequer billions

This huge import highlights Kenya’s significant demand for affordable clothing, with used clothing ranking 17th among the country’s most imported products in 2023.

By 2 months ago

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Minty business: Local farmer mints cash from fragrant crop

Today, his once-struggling farm thrives with fragrant rows of mint, a transformation fuelled by his willingness to embrace a more profitable, low-maintenance crop.

By 2 months ago

Absa Bank's home loan financing to tackle home affordability and access

The new facility is available at competitive interest rates, with a repayment period of up to 25 years. 

By 2 months ago

CBK to lift 10-year ban on licensing new banks in July 2025

The moratorium was intended to provide space for the strengthening of the Kenyan banking sector.

By 2 months ago

Prudential Assurance to recruit and train over 5,000 agents

Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years.

By 2 months ago

Import of used clothes holding back textile industry - CS

Kenya cannot have a thriving textile Industry and at the same time remain a favourite export destination for second hand clothes.

By 2 months ago

Githurai traders protest 'illegal' eviction order

Tension is high at Jubilee Market in Githurai, Kiambu County, as traders protest a 30-day eviction notice they say was issued without an alternative relocation plan.

By 2 months ago

Nairobi June forum to accelerate development of new cities

The New Cities Summit 2025 will showcase pioneering urban development projects and connect developers with top financiers, policymakers, and experts for strategic guidance.

By 2 months ago

Kakuzi targets US market for avocado exports

Kakuzi PLC has implored regulatory and related government agencies to prioritise market access dialogue for the benefit of local agribusiness players.

By 3 months ago

Governors accuse Ruto of killing devolution

Council of Governors warns Kenya Kwanza is killing the spirit of the 2010 law. Treasury CS accuses counties of failure to absorb donor funds, thus the reduction.

By 3 months ago

Portland cement issues Sh48m dividend to Treasury, NSSF

Portland Cement has issued a Sh48 million dividend to Treasury and the NSSF, marking its first dividend since 2011 after returning to profitability.

By 3 months ago