Business
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BUSINESS
Equity Bank Kenya Cuts Loan Interest Rates Again
Equity Bank Kenya has announced a reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities. The…
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BUSINESS
African financial markets report widespread progress
According to a recent survey by Absa Group, Africa’s financial markets have expanded at the fastest pace since 2017 due…
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News
Equity Recognized for Enhancing Customer Experience Through Tech
Equity has been recognized as the second runner-up in the ‘Best Use of Technology’ category, at the Service Excellence Awards…
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BUSINESS
Online trading is transforming Africa’s financial landscape
Online trading has gained significant popularity in Africa in recent years. Given the potential for lucrative returns, many Africans are…
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BUSINESS
HF Group Secures CMA Approval for Rights Issue
HF Group Plc (NSE: HFCK) has received regulatory approval from the Capital Markets Authority (CMA) to raise up to Ksh…
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BUSINESS
M-KOPA Hits 3 Million Customers, Injects Over KES 17bn Into the Kenyan Economy
According to the company’s 2024 Impact Report, released last week, M-Kopa has now reached over 3 million customers in Kenya…
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BUSINESS
Maximize Your NCBA Bank Card Ahead of the Festivities
As we approach the holiday season, there are more and more ways to squeeze value out of your NCBA Bank…
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BUSINESS
Stanbic Bank’s Core Banking Systems To Be Unavailable This Weekend
Stanbic Bank has announced that it will be carrying out an upgrade of its Core Banking System from the 18th…
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BUSINESS
NCBA Opens New Branch in Diani
NCBA has opened a new branch in Ukunda, Kwale County, as part of its expansion strategy to enter new sectors…
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News
Financial institutions should prioritise good customer care
Customer Service Week (CS Week) is an international event celebrated annually during the first full week in October. During this…
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BUSINESS
Equity Bank commits to support SMEs to scale regionally
Equity Bank Group has committed to partnering with Small and Medium Enterprises (SMEs) to scale up business beyond their current…
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BUSINESS
Kenya’s economy gained Sh157 billion from horticulture sector in 2023
Kenya’s horticultural sector remains a vital part of the economy, contributing approximately Sh157 billion in 2023 from the export of…
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BUSINESS
Kenya unveils plans for tech in fresh produce export assessment
The government through the Horticultural Crops Directorate (HCD) has announced plans to adopt new technologies and increase investment to ensure…
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News
Calls for inclusive participation, solution-driven innovations as Unstoppable Africa” concludes
Leaders and stakeholders from across Africa are now calling on inclusive participation and solution-driven innovations as they commit to tackling…
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BUSINESS
NCBA opens new branches in Limuru and Githunguri
NCBA Bank has officially launched two new branches in Limuru and Githunguri, bringing the total number of branches in Kiambu…
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BUSINESS
NCBA Group’s profit after tax hit Ksh.9.8billion
NCBA Group’s profit after tax has increased to KES 9.8 billion in the first half of 2024 according to the…
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News
KRA to leverage tech to boost tax collection
Kenya’s revenue collection agency KRA is seeking to implement technological advancements to enhance tax system and increase revenue collection following…
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BUSINESS
Bolt partners with Hakki Africa to finance 1,500 vehicles for its drivers
Bolt has today announced a partnership with microfinance company Hakki Africa to provide vehicle financing for drivers on its platform.…
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BUSINESS
BNI Convention Unites African Entrepreneurs for Insightful Collaborations
The BNI Convention held in Naivasha on Friday, 16th August 2024, brought together over 400 entrepreneurs and business leaders from…
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BUSINESS
Equity Group’s half-year profit hit Kshs 29.6 billion
Kenya’s biggest bank by market capitalisation Equity Group has reported a 12.5% growth in net profit in H1 2024. This is…
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BUSINESS
NCBA climbs 7 spots as one of Africa’s Most Valuable Brands
NCBA climbed 7 spots to secure the 85th position as one of Africa’s Most Valuable Brands in 2024. This is…
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BUSINESS
LG Partners Hotpoint feted at 2024 Kenya e-Commerce Awards
Hotpoint Appliances, a leading distributor of LG electronics, won silver in the Best Home Appliances (Brands) eCommerce Website category of…
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BUSINESS
NCBA Bank: Unpacking the Bank’s Digital Transformation Landscape
Banks have for decades been relied upon to protect their customer’s personal details and financial information. Traditionally, sensitive information has…
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BUSINESS
NCBA Waives Monthly Fees for Retail Banking Customers
NCBA has today announced they will not charge monthly fees for their retail banking accounts from 1st July 2024. This…
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BUSINESS
LG records double-digit operating profit in Q2
South Korean tech giant LG Electronics posted a double-digit growth in the second-quarter operating profit driven by solid sales of…
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News
I&M Bank and Mastercard launch Business Credit Card proposition
I&M Bank has partnered with Mastercard to launch the new Business Credit Card proposition, a comprehensive financial tool designed to…
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News
Tatu City condemns Kiambu County Governor over extortion attempt
Tatu City, one of the largest foreign direct investors in Kenya, has condemned Kiambu County Governor Kimani Wamatangi and his…
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BUSINESS
Hotpoint offering up to 40% discounts on LG products
Hotpoint Appliances, one of the leading sales channels of LG appliances and equipment, is offering mega-discounts of up to 40%…
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BUSINESS
NCBA Group completes 100% Acquisition of AIG Kenya
NCBA Group on Monday announced the completion of its 100% acquisition of AIG Kenya Insurance Company Limited (“AIG Kenya”), further…
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News
dLocal secures remittance services partnership with KCB Bank
dLocal KCB Partnership: More than a year after securing payment service provider licences from the Central Bank of Kenya (CBK)…
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BUSINESS
NCBA Visa cardholders get the chance to experience The Olympic Games
Visa is giving 3 NCBA Visa cardholders an exclusive experience to be part of this year’s Olympic Games. The spend and…
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News
#Budget2024KE: Government to allocate a further Ksh.5 billion to the Hustler Fund
The Government has revealed plans to allocate a further Ksh.5 billion to the Hustler Fund. The digital financial initiative was…
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BUSINESS
Investment bank predicts Africa’s remittance market will reach $500bn by 2025
Remittances comprise a significant portion of African Gross Domestic Product (GDP), with the total value of remittances across the continent…
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BUSINESS
NCBA Bank inks asset financing deal with Inchcape
NCBA Bank has today signed an asset financing partnership with Inchcape Kenya to provide exclusive financing options for premium vehicles…
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BUSINESS
NCBA Embarks on a Diaspora Banking Market Activation across the US
NCBA Bank has kicked off a one-month-long market activation across multiple states in the United States to engage with the…
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BUSINESS
Kenya Power prepaid token system to be unavailable from Sunday
The Kenya Power and Lighting Company (KPLC) has announced that its prepaid token system will be unavailable from Sunday 2nd…
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BUSINESS
KRA Commissioner General Asks African Countries To Modernise Tax Collections
KRA Commissioner General Humphrey Wattanga on Wednesday urged African countries to modernise tax administrations despite facing challenges such as informality,…
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BUSINESS
Zoho Celebrates 100 Million Users Milestone
Zoho has revealed that it has hit 100 million users across its more than 55 business applications becoming the first…
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BUSINESS
Equity Named Kenya’s Overall Best Bank After Bagging More 10 Than Awards
Equity Bank has once again been feted as the best bank in the country for the 12th consecutive year, at…
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BUSINESS
KCB overtakes Equity as Kenya’s largest bank with Sh1.55tr assets
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an…
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BUSINESS
KEBS highlights impact of standards on economic growth
The Kenya Bureau of Standards (KEBS) has emphasized the critical role of standards in catalyzing business growth, enhancing efficiency, and…
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News
Competition Authority of Kenya appoints Adano Wario acting Director General
The Competition Authority of Kenya (CAK) has appointed Adano Wario as acting Director General following the expiry of Wang’ombe Kariuki’s…
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BUSINESS
4 Signage Choices for Businesses to Get Noticed
Signage is one of the most critical elements of any business. It’s how you communicate with customers, showcase your branding,…
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BUSINESS
What’s Next for the GBP?
It gets knocked down, but then gets up again, and you can’t ever keep it down. The Great British Pound…
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News
DTB launches a special account for women-owned SMEs
Diamond Trust Bank (DTB) has launched a unique account for women running Small and Medium Enterprises. Dubbed Zawadi, the account…
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News
Google’s revenue hit $69 billion Q3 2022, but profits are still shrinking
Google released its Q3 earnings last week and reported its earnings at $69 billion. Out of this, profits were estimated…
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News
CBK announces split of Airtel Money from Airtel Networks
The Central Bank of Kenya (CBK) on Tuesday announced the successful separation and transfer of Airtel money from its mobile…
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INSURANCE
NIXON SHIGOLI: Insurance has many financial benefits, not just compensation
Health, economic and social catastrophes including the recent coronavirus pandemic expose the vulnerability of individuals, families, businesses, economies, and nations…
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News
Kevin Dherman: Ways manufacturers can unlock the value of data to drive business intelligence
Data forms the backbone of any manufacturing enterprise. With continuous supply chain disruptions, the allure of data and Business Intelligence…
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News
WhatsApp launches campaign to profile SMEs from across Africa
WhatsApp has announced the launch of the WhatsAppreneurs campaign, profiling small entrepreneurs from Africa who are using the WhatsApp Business…
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News
OPay and Mastercard partner to expand regional reach
OPay, a Nigerian fintech regarded as one of Africa’s most valuable fintech startups has entered into a strategic partnership with…
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BUSINESS
5 Best Stock Brokers in Kenya
Shares in Kenyan companies are traded daily in an effort to profit from the daily fluctuations in their prices. Short-term…
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BUSINESS
Questions you should ask before investing in Kenyan stocks
Investing in every part of the globe has its opportunities and risks. In various parts of Africa there are strengths…
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Startups
How to Start a Startup
A startup is just like any other business, a very big effort on the part of the one who sets…
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News
[This Week in Tech] Telkom Kenya signs a $100M deal to scale its 4G network and other top stories
Kenya’s 4G subscriptions market share will more than double from 24.2% in 2021 to 53.6% by 2025. Local telcos have…
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COLUMNS
[Column] Eva Ngigi-Sarwari: The small business guide to boosting sales in 2021
For many businesses, finding success amid the COVID-19 era has been challenging. The pandemic has brought with it many challenges…
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CLOUD
Business reimagined for Africa
Building a business in Africa is now as much about embracing digital innovations as it is about understanding the nuances…
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BUSINESS
KenTrade introduces support services to ease trade documentation processes for traders
The Kenya Trade Network Agency (KenTrade), has introduced optional premium and support services to ease trade processes for traders in…
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BUSINESS
Kenya TradeNet System User Acceptance Testing set to commence
In December 2019, KenTrade commenced upgrading the Single Window System (Kenya TradeNet System) to enhance system productivity, avoid technological obsolescence…
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News
Coronavirus pandemic is affecting every sector of the global economy
The coronavirus pandemic is hitting the global economy hard. While we cannot exactly tell the damage the virus will have…
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BUSINESS
The business challenges of SMEs during this COVID-19 pandemic
The COVID-19 pandemic has not only taken a toll on the health sector; it has now become an economic crisis…
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BUSINESS
Ngao Credit: How SMEs can benefit from Our Jijenge loan product
The coronavirus pandemic is hitting the global economy hard. While it is hard to exactly tell the extent the damage…
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BUSINESS
TransUnion launches COVID-19 playbook for financial services providers in Kenya
Global information and insights company TransUnion has launched its COVID-19 playbook for Kenyan business and credit industry players. The playbook…
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BUSINESS
Huawei Revenue Growth Slows Immensely Amidst Coronavirus Pandemic
Amidst the coronavirus pandemic, business is not doing good for most industries around the world. Huawei ‘s revenue growth has…
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BUSINESS
Choose, Relax and Drive away with your dream car with Ngao Credit’s Motisha campaign
Owning a car has always been everyone’s dream and was probably one of your 2019 resolutions when the year started.…
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BUSINESS
Payments technologies are disrupting the finance industry
Advancements in payments technologies have disrupted the finance industry in a very huge way. Payments transactions have completely evolved from…
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News
Standard Chartered Bank lends KShs 6.3bn to SME in 9 months
Standard Chartered Bank says injected KShs 6.3 billion in direct and indirect lending to Micro, Small and Medium enterprises (SME)…
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BUSINESS
Emergency loans and their benefits – Ngao Credit Limited
Emergency loans refer to short term loans meant to satisfy peoples’ urgent financial needs. This means the borrower must pay…
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BUSINESS
WorldRemit launches new product for SMEs payments to Kenya
Kenyan entrepreneurs and contractors selling goods and services to small and medium-sized enterprises (SMEs) in the U.K. can now receive…
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BUSINESS
Bizna Kenya’s 2019 SMEs Awards nominees announced
Bizna Kenya has today announced the nominees for the upcoming inaugural SMEs Awards with several businesses contending for top honours…
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COLUMNS
Tips on how to choose a stock broker
Most investors are comfortable and choosing their own stocks. All credit due to the evolution of the internet things has…
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BUSINESS
Metropol TV, Kenya’s first 24-hour business news channel launched
Business Information and Credit Management Company Metropol Corporation has launched Metropol TV, the first Kenyan 24-hour business news channel. The…
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Social Media
Recording Skype calls for being more organized
When it comes to business, Skype is one of the preferred communication channels for organizations worldwide. However, we all are familiar…
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News
Kenyan Clubs in CAF Confederation Cup 2019
Confederation Cup is arguably the second most important football tournament on the African continent after the Cup of Nations, with…
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COLUMNS
Local SEO 101: A 6-Point Guide To Rank Your Business
Local SEO is a search engine optimization tactic that businesses use to focus their SEO strategies on local searches. Instead…
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COLUMNS
The Opportunity Cost of Doing Business for SMEs in Africa
The African economy has gathered momentum over the years, with an estimated increase of 3.8% of the real output growth…
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BUSINESS
Top firms to sponsor Young Entrepreneur Awards 2018
The inaugural Young Entrepreneur Awards 2018 has signed up three sponsorship deals for the awarding ceremony which will be held…
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BUSINESS
Full List of Young Entrepreneurs Awards 2018 Nominees
Here is the full list of the 32 shortlisted Nominees per category for the Young Entrepreneurs Awards 2018. Fashion Award…
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BUSINESS
Tips for Startup Businesses: How Structured Cabling Improve Network Connections
It’s a fact that technology is a crucial factor in a business’s success. Starting and running a business can be…
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BUSINESS
DHL Express awarded most Top Employer certifications on the continent
DHL Express has been awarded most Top Employer in Africa for the fifth consecutive year, at the prestigious Top Employer…
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Social Media
Grow Your Business Sales with Social Media in 2018
Social media has changed the traditional ways of marketing of the business. In 2018, again you have a chance to…
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COLUMNS
Has anyone thought about what happens after all the devices are connected to IoT?
By: Mandla Mbonambi, CEO of Africonology Is your business driving change or being driven by it? This is the question…
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BUSINESS
Equity Bank lowers lending rates to 13 percent
Equity Bank has lowered the interest rate charged on loans to a maximum of 13 percent p. a with effect…
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Startups
Why Startups Cannot Ignore Digital Marketing
The universe is now digitalized and its benefits can’t be ignored. Digital advertising is an inventive technique and it is…
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BUSINESS
8 Common Mistakes That You Need to Avoid as a New Entrepreneur
Everyone makes mistakes and it goes without saying that a major part of establishing a startup business is all about…
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BUSINESS
Own a Small Business? Here Are the Benefits of Branding to Reach Out to Your Customers
Businesses big or small need branding. Just because you have a small set up, do not assume that managing the…
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BUSINESS
Quick Tips to Reduce Overhead Expenses of Your Business
Overhead expenses or inflation is a concerning thing for every business, and it does not matter whether your business is…
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BUSINESS
Business: Petrol prices drop as that of diesel and kerosene go up.
Motorists in Nairobi will from midnight today pay less for petrol as the price of super petrol has gone down…
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BUSINESS
African SMEs Set to Benefit from USD 74M Guarantee
The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has today entered into a re- guarantee transaction with GuarantCo…
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BUSINESS
Key Ways To Help Reduce Your Risk Of Bankruptcy In Business
By Gail Wilson. For small businesses, reaching their fifth year of operations may seem like a journey. Based on statistics, only…
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BUSINESS
Key Tips On How To Help Prevent Business Litigation
By Monika Hall, Law Office of Ronald D. Weiss Disclaimer: This article should not be treated as legal advice. It’s recommended that…
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News
WhatsApp Business App is now available for download in Kenya
Businesses in Kenya can now download the new WhatsApp Business App. They app had been rolled out in select markets…
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BUSINESS
What To Consider When Drawing Up A Legal Contract In Business
By Danielle Grate Disclaimer: If you’re drawing up a legal contract in business, the following information should only be treated as…
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BUSINESS
What To Consider In Finding A Property For Business Start-Up
If you’re planning for a business start-up, you must be excited for a lot of reasons. After all, you’re going…
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BUSINESS
Top five business risks for Southern Africa
Political uncertainty through transitions and instability are among the key risks for businesses in Southern Africa in 2018, says specialist…
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COLUMNS
The Differences and Similarities between Digital and Informational Technology
4800, the number of SMEs McKinsey surveyed across different industries to analyze the impact of web technologies on business. The…
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BUSINESS
Kenya among Sub-Saharan African economies that set new record in reforming their business climate
Kenya is among the Sub-Saharan African economies that set a new record in reforming their business climate. This is according…
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BUSINESS
Opinion: Intellectual Property is just that, property
Intellectual property (IP) is as vital to the lifeblood of the small business as it is to the enterprise. The…
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COLUMNS
Guest Post: Technology and Business Transformation
By Dennis Nginya. ‘Millennial’ is a marketer’s term that classifies a generation according to their response to the technology of…
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News
Infographic: 5 Ways Enterprise Resource Planning (ERP) Can Deliver Return On Investment (ROI)
Business owners usually measure ROI (Return On Investment) based on its added statistical value on various business processes- from financial…
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BUSINESS
Source India Expo opens at Kenyatta International Convention Centre, Nairobi
India-based ProTrade is scheduled to host the Source India Expo at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya…
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