Business
Kenya Pipeline Company Posts Record Ksh.10 Billion Profit, Up 32% in FY 2023/24
March 13, 2025
Kenya Pipeline Company Posts Record Ksh.10 Billion Profit, Up 32% in FY 2023/24
The Kenya Pipeline Company (KPC) has reported a robust profit before tax of Ksh. 10 billion for the financial year…
SBM Bank Launches Business Hubs for Kenyan SMEs
March 12, 2025
SBM Bank Launches Business Hubs for Kenyan SMEs
By Silas Chogo SBM Bank Kenya has launched three SME business hubs to deepen financial and non-financial advisory support to…
Digital Loans Up in Kenya as Consumers Consolidate Loans, Tala Report Finds
March 12, 2025
Digital Loans Up in Kenya as Consumers Consolidate Loans, Tala Report Finds
Digital loans in Kenya have taken shape, with a growing number of consumers consolidating their loans with fewer lenders, according…
Starlink Becomes Nigeria’s Second-Largest Internet Service Provider
March 12, 2025
Starlink Becomes Nigeria’s Second-Largest Internet Service Provider
Starlink, SpaceX’s satellite internet service, has overtaken FiberOne Broadband Limited to become Nigeria’s second-largest internet service provider (ISP) by the…
Investors Shy Away From Kenya’s $900 Million Eurobond Buyback to Tender 65%, Only
March 5, 2025
Investors Shy Away From Kenya’s $900 Million Eurobond Buyback to Tender 65%, Only
Kenya’s attempt to buy back a portion of its 2019 Eurobond, valued at Ksh.116.2 billion ($900 million), was met with…
Shilling Holds Steady at 127 Units Against Dollar on CBK intervention
March 4, 2025
Shilling Holds Steady at 127 Units Against Dollar on CBK intervention
The Kenyan shilling has strengthened to its highest level in six months, reaching an exchange rate of 127.42 against the…
Trump’s Funding Cut to Kenya Hits Ksh.108 Billion in Two Weeks
March 4, 2025
Trump’s Funding Cut to Kenya Hits Ksh.108 Billion in Two Weeks
The U.S. Agency for International Development (USAID) has terminated contracts and grants in Kenya totaling over Ksh.108 billion ($834 million),…
Kenya’s Inflation up to 3.5% in February
February 28, 2025
Kenya’s Inflation up to 3.5% in February
Kenya’s annual consumer inflation rose for the fourth month in a row to 3.5% in February from 3.3% in January, the statistics office said on Friday. Core…
54 Collective to Close Venture Studio Operations as Mastercard Foundation Partnership Ends
February 28, 2025
54 Collective to Close Venture Studio Operations as Mastercard Foundation Partnership Ends
54 Collective, previously known as Founders Factory Africa, is set to close its venture studio operations across Africa after its…
Kenya to Borrow $1.5 Billion in New Debt While Buying Back $900 Million
February 27, 2025
Kenya to Borrow $1.5 Billion in New Debt While Buying Back $900 Million
Kenya is returning to the international markets with a plan to borrow Ksh.193.5 billion ($1.5 billion) through a new bond…