In a dramatic turnaround for Kenya’s pioneering automaker, Mobius Motors has resumed operations following its acquisition by Silver Box—a Middle Eastern firm known for its strategic investments and operational expertise. Once on the brink of ceasing operations due to financial strains and mounting debts, Mobius Motors is now poised for a revitalization that promises not […]

In a significant policy reversal that is poised to reverberate across Kenya’s industrial landscape, the Energy and Petroleum Regulatory Authority (EPRA) has revoked the specially discounted electricity tariff for industries operating in the Olkaria-Kedong Special Economic Zone (SEZ) in Naivasha. Introduced as a pilot scheme in 2020, the discounted rate of KSh 5 per kWh […]

In a landmark celebration of excellence and diversity, the Association of Kenya Insurance (AKI) 2024 Awards, held recently in Nairobi, underscored the dynamic evolution of Kenya’s insurance sector—a business now valued at Sh276 billion. With women emerging as the frontrunners in insurance sales and leadership, the awards not only recognized top-performing companies like APA Insurance, […]

In a landmark move aimed at combating Africa’s persistent water crisis, social impact company 4Life Solutions has unveiled a Ksh.413 million (approximately $3.2 million) investment to scale up its safe water access programmes across the continent. With Kenya positioned as the central hub of its operations, the company is poised to expand its innovative solutions—most […]

In a landmark move for Africa’s burgeoning tech ecosystem, Kenyan startup Badili has secured a US$400,000 debt facility from French development finance institution Proparco. The financing, arranged through the Bridge by Digital Africa initiative, marks a significant milestone in Badili’s expansion plans across the continent. Founded in 2021 by Rishabh Lawania and Keshu Dubey, Badili […]

In a move that underscores its commitment to serving a diverse customer base, I&M Bank has significantly expanded its branch network by opening nine new branches, bringing its total to 61 branches across 21 counties. This strategic expansion, announced on March 4, 2025, by Business Now, targets Micro, Small and Medium Enterprises (MSMEs) as well […]

In a decisive move aimed at safeguarding market integrity and investor protection, the Capital Markets Authority (CMA) has suspended the money manager license of Trade Sense Limited for 90 days. Effective from March 3, 2025, this suspension follows a series of regulatory breaches that include lapses in governance, financial management, anti-money laundering (AML), and operational […]

Standard Investment Bank (SIB) Kenya is set to redefine its regional presence and broaden its service offerings with the opening of its latest branch in Mombasa County. This expansion, which comes on the heels of a recent regulatory approval by the Retirement Benefits Authority (RBA) to manage pension funds, marks a significant milestone in SIB […]

 In a bold step aimed at transforming the financial landscape for rural Kenyans, Credit Bank Plc has launched its Sacco Cash Pickup Portal Remittance Service. This innovative initiative is designed to simplify the process of receiving overseas remittances while dramatically reducing the associated costs. Developed in close partnership with Skyline Sacco and supported by key […]

East Africa is witnessing a significant leap forward in digital infrastructure as iX Africa Data Centres, the region’s largest hyperscale facility provider, officially launches the first phase of its state-of-the-art data centre in Nairobi. Named NBOX1, this 4.5MW, 780-rack hyperscale, carrier-neutral, and AI-ready facility marks a milestone in Kenya’s journey to becoming Africa’s leading digital […]