The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation of the authority granted to Bank Al-Habib Ltd (BAHL) of Pakistan to operate its Representative Office in Kenya. This decision, effective May 15, 2025, follows a strategic rationalization by BAHL to consolidate its international operations, […]

East Africa’s leading investment powerhouse, Centum Investment Company PLC, has sent ripples across the regional financial markets with a recent profit warning. The Nairobi-headquartered firm, a diversified investment vehicle with significant stakes across various critical sectors, has projected a substantial 25% decline in net earnings for the financial year that concluded on March 31, 2025. […]

A transformative era has dawned for chilli farmers in Kenya’s coastal region with the official commissioning of a state-of-the-art Sh250 million (approximately US$1.9 million) processing plant in Malindi town. This significant investment, spearheaded by Equator Kenya Limited (EKL) and backed by strategic international partnerships, is poised to revolutionize the agribusiness landscape for thousands of smallholder […]

The halls of Telkom Kenya, once a symbol of national telecommunications prowess, are now echoing with the growing frustration of its workforce. Employees of the state-owned telco are increasingly vocal, pushing for an urgent state bailout as hopes for a strategic investor dwindle. This plea comes after years of unfulfilled promises and failed attempts by […]

In a pivotal development poised to redefine the landscape of vehicle transactions across East Africa, Peach Cars, a Nairobi-based used car marketplace, has successfully raised US$11 million in Series A funding. This significant capital injection is set to accelerate the company’s ambitious efforts to digitize and formalize the often-fragmented and opaque used car market in […]

Luno, a global cryptocurrency investment platform with deep roots in Africa, has officially announced its re-entry into the dynamic Kenyan market. This strategic move, confirmed on June 23, 2025, comes several years after its initial presence, marking a significant step in the platform’s commitment to empowering financial inclusion and innovation across the continent. The relaunch […]

In a move set to significantly reshape Kenya’s financial landscape, the Competition Authority of Kenya (CAK) has officially authorized the proposed merger that will see Gulf African Bank Limited acquired by Soren Investment Company Limited, a Dubai-based entity. This landmark approval, announced in a gazette notice on Friday, June 20, 2025, marks a pivotal moment […]

In a significant boost for economic development and job creation across East and Central Africa, Italy has formally committed to spearheading the revival and expansion of Kenya’s vibrant but underexploited leather and tanning industry. This landmark partnership, solidified with Equity Group Holdings as the strategic financial catalyst, promises to unlock immense potential, transforming raw hides […]

Today’s business headlines are buzzing with two distinct yet equally significant developments signaling a profound shift in the global digital landscape. From the launch of a new AI-powered software testing venture by the seasoned founders of Expensya to Kenya’s strategic extension of its national real-time payment system’s operating hours, these moves underscore a relentless drive […]

In a groundbreaking move set to revolutionize financial inclusion for millions, Britam Holdings Plc (NSE: BRIT), a leading diversified financial services group, through its dynamic innovation hub, BetaLab, has announced a strategic KES 5 million investment in Oye, a pioneering Kenyan fintech startup. This significant partnership is poised to transform how Kenya’s vast network of […]