Corporate

1 day ago

EADB Speaks Out on Years-Long Loan Battle in Kenya

On a quiet Monday in mid-March 2026, the East African Development Bank decided it was time to clear the air.…
Read More »
2 weeks ago

Kenya’s Mars Wrigley Announces Ksh.4 Billion 3-yr Investment

Mars Wrigley has announced a Ksh. 4.2 billion ($33 million) fresh investment over the next three years to expand its…
Read More »
3 weeks ago

How a Simple Plea From Client Cost GT Bank Ksh.33 Million

Guaranty Trust Bank Kenya Limited (GT Bank Kenya) will pay a penalty of Ksh.33,180,000 for engaging in false and misleading…
Read More »
February 17, 2026

Kenyan Billionair Devki Seeks Ksh.1.6 Billion Out of Court Negotiation With KRA

Industrialist Narendra Raval is working to settle a Ksh.1.6 billion ($12 million) tax dispute between his company, Devki Steel Mills…
Read More »
February 13, 2026

SACCOs Signal Fintech Shift to Drive Digital Growth

Kenya’s cooperative financial sector is turning to partnerships with financial technology companies as SACCOs push to modernise their services and…
Read More »
February 13, 2026

Jumia Narrows 2025 Loss to Ksh.7.75B Billion

African e-commerce company Jumia reduced its losses in 2025 after pulling out of underperforming markets and cutting back significantly on…
Read More »
February 12, 2026

Spiro Secures Ksh.900 Million for Africa’s E-Mobility Expansion

Spiro Mobility has secured a Ksh.900 million (US$7 million) facility from Nithio’s FAIR Fund in its push to expand electric…
Read More »
February 11, 2026

Absa Group Appoints Sitoyo Lopokoiyit as First Non-South African to Lead its Personal and Private Banking

By Roxane Okeke Absa Group Limited has appointed outgoing M-PESA Africa Managing Director Sitoyo Lopokoiyit as Chief Executive for Personal…
Read More »
February 11, 2026

Ecobank Kenya Taps Former Family Bank Boss Mbithi as New Managing Director

Ecobank Kenya has announced Rebecca M. Mbithi as the new Managing Director, starting February 2026. This appointment is subject to…
Read More »
February 10, 2026

Why Ruto Wants Kenya Re, KenGen to Have Private Investors

President William Ruto announced that several state firms, including Kenya Re and KenGen, will soon have private investors at the…
Read More »