3 hrs ago

Forum to explore financing for Africa’s smart cities, resilient infrastructure

NAIROBI, Kenya, Mar 12 – Financing for climate-resilient infrastructure and smart city development will be a key focus when Nairobi hosts the second Africa Urban Forum next month. The three-day forum, scheduled for April 8–10, will bring together policymakers, development financiers, city leaders and private sector players to discuss investment models needed to support Africa’s […]

4 hrs ago

French investors eye Kenya’s digital, creative economy

Speaking during the launch of the Doing Business in Kenya 2026 guide, Trade and Industry Principal Secretary Regina Ombam said Kenya’s youthful population is driving growth in digital trade and services.

5 hrs ago

Lloyds, Bank of Scotland and Halifax apps showed customers other users’ transactions

A spokesperson for Lloyds Banking Group, which owns all three banks, apologised for the issue and said the incident had been resolved.

5 hrs ago

Kenya could reclaim Sh92bn annually by tackling digital piracy

Experts say the country is also losing about Sh17 billion in tax revenue each year due to the widespread illegal distribution of digital content.

5 hrs ago

Stima Sacco disburses Sh4.25bn in mobile loans

The digital loans formed part of Sh29.19 billion in total credit issued during the year. 141,066 loans were processed through the Sacco’s mobile app, serving its 151,800 active members.

6 hrs ago

Stima Sacco pumps Sh435.9mn into green-linked houses

The loans are part of the Sacco’s push into green financing, including support for energy-efficient home upgrades, electric vehicles, and other eco-friendly technologies.

7 hrs ago

Financial services provider CPF Group expands to Rwanda

The office, located at the Zein Building in Nyarutarama, will host the group’s subsidiaries including CPF Capital & Advisory, Rukisha Solutions and CPF Financial Services.

7 hrs ago

Farmer’s Choice targets 150,000 smokie vendors in expansion plan

The company said the expansion will be implemented through its Be Your Own Boss initiative, which supports small-scale entrepreneurs by providing smokie vending trolleys and startup support.

8 hrs ago

Francis Meja’s appointment as PSC chair challenged in High Court

The petitioners argue that the process used to recruit and approve the PSC chairperson violated constitutional provisions and public participation requirements.

10 hrs ago

High Court halts NTSA instant traffic fines

Justice Bahati Mwamuye issued conservatory orders suspending the implementation of the system following a petition filed by lawyer Shadrack Wambui, who is challenging its legality.

10 hrs ago

Power cuts in Kenya: Here’s what went wrong and how to fix it

How supply fell behind demand.

11 hrs ago

Oil price jumps despite deal to release record amount of reserves

In early trading in Asia, Brent crude rose by 9% to top $100 a barrel before prices eased to stand at around $98.80 at lunchtime.

11 hrs ago

Portland Cement raises Blue Triangle price amid rising input costs

In a notice to customers, the firm said the adjustment affects its 50kg bag of Portland Pozzolanic Cement and took effect on March 11, translating to a 1.39 percent increase in the ex-factory price.

14 hrs ago

Kenya’s public debt shoots to Sh12.29trn

The amount includes Sh6.82 trillion borrowed from domestic lenders and Sh5.46 trillion from...

14 hrs ago

Perishable goods exporters count losses on Iran conflict

Kenyan meat exporters banking on peak Middle East demand during Ramadan face losses worth...

14 hrs ago

All you need to know about AKFED's disposal of stake in Nation Media Group

Sale will be subject to regulatory approvals by agencies in four East African countries and...

14 hrs ago

Fuel crisis looms amid Iran war

Kenyans are staring at a petrol shortage crisis beginning the end of this month.

Yest 20:36 PM

SBM Bank Kenya returns to profit after Sh614m turnaround

The lender attributed the turnaround to improved operating performance and growth in customer activity following an ongoing transformation strategy.

Yest 17:08 PM

US inflation stable ahead of Iran shock

Consumer prices rose 2.4% over the 12 months to February, the same pace as the prior month, as rising food and housing costs were offset by falling prices for other items, such as used cars.

Yest 17:05 PM

KCB Group net profit up 11pc to Sh68.4bn

Customer loans increased 15 percent to Sh1.59 trillion, helping lift total revenues to Sh214 billion from Sh204 billion recorded in the previous year, driven largely by higher net interest income.

Yest 13:28 PM

Real estate firm to pay employee Sh800,000 for firing her via SMS

The Employment and Labour Relations Court in Nairobi has ordered a real estate firm to compensate a former employee for firing her via SMS. The court ordered Topcare Lands Investment Limited to pay Lydia Wanjiku Sh800,000 for ending her employment through a text message while she was on probation. During the hearing of the case […] Real estate firm to pay employee Sh800,000 for firing her via SMS first appeared on Bizna Kenya

Yest 13:01 PM

G7 welcomes potential record release of oil reserves in bid to curb soaring prices

The group of countries has been meeting with the International Energy Agency, which is reported to be readying its biggest ever intervention in the oil market on Wednesday afternoon.

Yest 13:00 PM

IRA places KUSCCO Mutual Assurance under statutory management

IRA has appointed the Policyholders Compensation Fund as the statutory manager to take control of the company’s affairs.

Yest 12:43 PM

KRA drops taxpayers from the infamous ‘Special Table’

The Kenya Revenue Authority (KRA) has announced a major shift in its tax compliance enforcement strategy, dropping most taxpayers from the controversial “Special Table” system that has long been associated with strict compliance restrictions. In an internal memo dated March 10 from the Compliance Management Department, the tax authority confirmed that the Special Table will […] KRA drops taxpayers from the infamous ‘Special Table’ first appeared on Bizna Kenya

Yest 11:46 AM

Koskei warns schools over inflated enrolment, misuse of education funds

Koskei said recent audit findings had raised concerns over discrepancies between the number of learners reported in government systems and the actual numbers present in schools.

Yest 10:47 AM

Jeffrey Epstein had two key aides – why do they still control his money and secrets?

Kahn, and Epstein's long-serving lawyer Darren Indyke, are the sole executors of Epstein's estate, controlling all his wealth and possessions.

Yest 10:36 AM

Stanbic raises dividend by 7.3pc to Sh22.35

The payout is up from Sh20.83 per share issued the previous year, as the lender maintained profitability despite declining interest rates during the period.

Yest 09:53 AM

NSE dismisses reports of Chair Kiprono Kittony exit

In a statement, the bourse clarified that Kittony remains chairman and continues to lead the exchange as it implements its 2025–2029 strategy.

Yest 09:21 AM

Facebook-owner buys ‘social media network for AI’ Moltbook

The deal will move Moltbook's team into Meta's Superintelligence Labs and bring "new ways for AI agents to work for people and businesses", Meta said.

Yest 09:19 AM

NMG shares jump 28.3pc after Rostam Azizi buyout

An analysis by Capital FM Business shows that NMG shares were trading at Sh13.25 at the close of trading on the Nairobi Securities Exchange before the takeover announcement.

Yest 07:51 AM

Iran war cost will be passed to consumers, shipping giant boss tells BBC

The Danish firm is dominated by its container shipping arm, which plays a vital role in moving consumers goods such as toys, clothing and electronics around the world.

Yest 07:48 AM

Mwalimu Sacco writes off Sh960mn tied to failed Spire Bank investment

According to the Sacco’s latest audited financial statements, the institution booked Sh960.3 million as a net impairment charge on financial assets, largely associated with the failed banking venture.

Yest 06:14 AM

Meta urged to boost oversight of fake AI videos

The 21-person Oversight Board raised the concerns as it rebuked the company for leaving up an AI-generated video that claimed to show extensive damage in Haifa, Israel by Iranian forces without a label.

Yest 06:10 AM

KQ Chair Kiprono Kittony resigns from NSE Board

Kittony exits the NSE board after serving for about six years since 2020.

Yest 03:00 AM

Cost of Treasury loans from CBK falls 55pc on lower rates

Treasury’s cost of borrowing fell from Sh3.48 billion in a similar period a year earlier.

10 Mar 20:15 PM

MPs revise Safaricom divestiture deal, shields employees

A joint report tabled in the National Assembly on Tuesday by the Departmental Committees on Finance, chaired by Molo MP Kimani Kuria, and Public Debt, chaired by Balambala MP Omar Shurie, revised several elements of the plan to divest part of the government’s shareholding in the telecom giant.

10 Mar 20:02 PM

Volkswagen to cut 50,000 jobs as profits drop

Europe's largest carmaker said post-tax profits had fallen by around 44% in 2025.

10 Mar 19:58 PM

Tanzanian tycoon acquires majority stake in Nation Media Group

AKFED said it will sell its entire shareholding in NPRT Holdings Africa Limited—the investment vehicle holding a 54.08 percent stake in NMG—to Taarifa Ltd, a firm owned by Azizi.

10 Mar 17:58 PM

Aga Khan announces sale of Nation Media Group shares

The transaction marks the conclusion of AKFED's 66-year association with NMG, which began in 1959.

10 Mar 17:02 PM

MPs greenlight Sh4.7tn spending for 2026/27

The Sh 4.7 trillion framework provides the fiscal blueprint for national, county, and sectoral allocations. The approval followed deliberations by the Budget and Appropriations Committee, which recommended ceilings consistent with fiscal responsibility principles.

10 Mar 16:04 PM

Court clears auction of Tuju properties in Sh4.5bn loan dispute

In a ruling delivered on March 9, Justice J.W.W. Mong’are struck out an application by Dari Limited and Tuju that sought to stop the auction of two Karen properties — Entim Sidai Wellness Sanctuary and Tamarind Karen — as well as Dari Business Park.

10 Mar 13:05 PM

Saudi Arabia’s Aramco says to maintain customer service as regional escalation causes shipping disruptions

About 17 percent of global oil supply normally transits the affected region, with disruptions so far amounting to nearly 80 million barrels, Nasser said during a media call held alongside the release of Aramco's 2025 results, which showed adjusted net income of 104.7 billion U.S. dollars for the full year and 25.1 billion dollars for the fourth quarter.

10 Mar 13:00 PM

KRA deploys 350 body cameras at border points

The cameras will be used by officers under the Customs and Border Control department to support evidence collection and documentation of interactions between officers and the public.

10 Mar 12:15 PM

RBA clears KUSCCO Mutual Assurance to continue operations

In a notice issued to the retirement benefits industry on February 28, the regulator listed KUSCCO Mutual Assurance among more than 30 administrators approved to operate under the Retirement Benefits Act.