September 19
Kenya: German Firm Eyes Kenyan, African Early-Stage Startups With Sh4.3bn Fund
Unconventional Capital (Uncap), a German firm, has rolled out a Sh4.3 billion (€30 million) fund targeting early-stage startups in Kenya and other African nations. Read more »
September 17
Kenya: Businessman Seeks Key Documents in Assets Contest With Old Mutual
City businessman Joel Kamau Kibe is seeking crucial asset documents in an urgent application against Old Mutual Holdings PLC amid a contest over the firm's dealings. Read more »
September 11
Kenya: Absa Bank Kenya Keeps Businesses Going in Tough Times
Absa Bank Kenya has extended support to struggling businesses, renegotiating payment lines to help businesses manage rising finance costs. Read more »
September 06
Kenya: ICT Authority, Kenic Work to Boost Uptake of Kenyan Internet Domain
The ICT Authority has signed a Memorandum of Understanding with the Kenya Network Information Center (KeNIC) that aims to ensure the country's smooth transition to the digital era. Read more »
September 05
Botswana: Smart Applications to Expand to Botswana
Biometric tech company Smart Applications International plans to expand into Botswana to capture a larger market share in the southern African country. Read more »
September 03
Kenya: Kenya Breweries Pump Sh3mn Into Driftwood Sevens
Kenya Breweries Limited (KBL), through its flagship brand Tusker, has handed a Sh3mn sponsorship for the fifth round of the 2024 National Sevens Circuit, the Driftwood Sevens,… Read more »
September 02
Kenya: Ex-TV Anchor Michelle Morgan Named Bm Securities New CEO
Private security firm BM Security has appointed former TV anchor Michelle Morgan to be the new CEO. Read more »
August 30
Kenya: Old Mutual Announces Sh327mn Net Profit in H1
Old Mutual Holdings has announced a Sh327 million profit after tax in the six months ending June 30, 2024, an improvement from a Sh195 million loss during a similar period last… Read more »
August 29
Kenya: Jubilee Declares Sh2 Interim Dividend As Profit Hits Sh2.5bn
Jubilee Holdings has announced an interim dividend of Sh2 per share after its net profit jumped to Sh2.5 billion in the half year ended June 30, 2024. Read more »
Kenya: Mombasa Cement CEO Hasmukh Patel Dies After Short Illness
Hasmukh Patel, the owner of Mombasa Cement, passed on while being rushed to a private hospital in Nyali. Read more »
August 28
Kenya: Savannah Clinker Outbids Tanzanian Firm to Acquire Bamburi Cement
Savannah Clinker Limited (SCL), a local building and construction sector firm, has outbid Tanzanian company Amsons Group in an effort to acquire full ownership of Bamburi Cement. Read more »
August 26
Kenya: Username Named Leading Real Estate Company By Pan-Africa Firm
Real estate firm Username has been named the leading real estate company in Kenya by the African Real Estate Summit & Awards that honor excellence in real estate development,… Read more »
East Africa: Yamaha Motor Faces Scrutiny As Comesa Launches Anti-Competitive Probe
COMESA Competition Commission has announced that it will launch an investigation on Yamaha Motor following an alleged anti-competitive conduct. Read more »
Kenya: Bolt Announces 10 Percent Pay Hike for Drivers Following Concerns
Ride-hailing platform Bolt has increased earnings for drivers by 10 percent to cushion them from rising operational costs. Read more »
August 21
Kenya: Regional Subsidiaries, High Operating Income Grow I&m's Profit to Sh6.1bn
I&M Group profit after tax grew by 21 percent to Sh6.1 billion in the half year ended June 30, 2024, compared to a similar period last year, buoyed by high operating income and… Read more »
August 19
Kenya: KQ Bounces Back to Profitability With Sh513mn in H1
Kenya Airways (KQ) has announced a historic profit after tax of Sh513 million for the six months ending June 30, 2024. Read more »
Kenya: Safaricom Introduces Charges for Reverse Call Service On Third Attempt
Safaricom has announced a new change to its reverse call service, introducing a fee for customers who use the service more than twice in a single day. Read more »
Kenya: Uasin Gishu DG Barorot Quits to Take Up CEO Post At International ICT Firm
Uasin Gishu Deputy Governor has resigned from his role after serving two years under Governor Jonathan Bii. Read more »
August 16
Kenya: Multichoice Slashes Gotv Supa+ Price
MultiChoice has cut monthly charges for GOtv Supa+, allowing users to save on entertainment spending. Read more »
August 14
Kenya: BAT Cuts Greenhouse Emissions By 54 Percent Through Solar Energy
The British American Tobacco (BAT) Kenya saw a 54 percent reduction in its scope 1 and 2 greenhouse gas (GHG) emissions last year, which is within the 2030 target of a 50 percent… Read more »
August 12
Kenya: Safaricom 5G Network Sites Grow to 1,114
Safaricom 5G network sites have reached 1,114 across the country as part of the telco's goal to offer Kenyans ultra-speed internet speeds. Read more »
Ethiopia: Safaricom Ethiopia Active Customers Hit 4.6mn in Q2
Safaricom Ethiopia customer base grew by about 250,000 subscribers to 4.6 million in the quarter two (Q2) ending July as the telco rolls out an aggressive plan to grow user base. Read more »
Kenya: Equity Half-Year Net Profit Jumps 12 Percent to Sh29.6bn
Equity Group's half-year profit after tax grew by 12 percent to Sh29.6 billion compared to a similar period last year, boosted by high interest income and improved performance by… Read more »
August 09
Kenya: Stanbic Declares Sh1.84 Interim Dividend As Profit Hits Sh7.2bn
Stanbic Bank has declared an interim dividend of Sh1.84 per share as profit grows to Sh7.2 billion in the half year ending June 2024. Read more »
August 06
Kenya: KQ, Safaricom Join Forces to Enhance Digital Solutions
National carrier Kenya Airways (KQ) and Safaricom have partnered to bolster innovation in digital solutions to boost operational efficiency, cybersecurity, and customer experience. Read more »