Business

The government is set to commence the construction of a Sh35 billion dam at the Galana Kulalu Irrigation Project, a move expected to significantly boost Kenya’s food security. Click here to join our WhatsApp Channel Treasury Principal Secretary Chris Kiptoo announced on Friday that a contractor has already been identified …

KCB Bank has signed agreements with 29 public and private universities to provide customised financing and digital services aimed at enhancing infrastructure, operations, and financial access for staff, students, and suppliers. Click here to join our WhatsApp Channel The deal includes project financing, working capital, and digital payment systems for …

East African Breweries PLC (EABL) has announced a 12% increase in profit after tax, reaching Sh12.2 billion for the year ending June 30, 2025. The growth was driven by a mix of higher sales, lower finance costs, and favourable foreign exchange gains. Net sales rose by 4% to Sh128.8 billion, …

Family Bank has secured a USD 20 million (Ksh.2.6 billion) trade finance facility from British International Investment (BII), the UK’s development finance institution, aimed at enhancing financial access for micro, small, and medium-sized enterprises (MSMEs) in Kenya’s trade sectors. The partnership, designed to strengthen trade financing in the country, will …

A recent survey conducted by ICEA LION has shed light on the investment habits of Kenyans, revealing a strong preference for options that promise high returns. According to the report, 34% of respondents identified potential return on investment as their main consideration. SACCOs emerged as the most popular investment vehicle, …

Kenya’s external liquidity challenges have lessened following the early repayment of a \$2 billion Eurobond in February of last year. According to Fitch, an international credit rating agency, steady inflows of foreign currency and interventions by the Central Bank have helped raise foreign reserves to \$11.1 billion by the end …

Gabra community leaders have firmly rejected opposition to the Marsabit Wind Power Project in Gas, dismissing recent criticisms as misleading and aimed at sabotaging a development initiative with direct benefits to locals. Click here to join our WhatsApp Channel In a statement addressed to the Kenya Electricity Generating Company (KenGen), …

Chicken Cottage has unveiled a new outlet in Kasarani, Nairobi, marking its eighth location in Kenya and the 16th branch under Express Kitchen Ltd. Click here to join our WhatsApp Channel Situated at a Hass Petroleum station on Kasarani-Mwiki Road, the new restaurant aims to serve over 800,000 residents in …

Safaricom has revealed it now serves over 50 million customers in Kenya, a significant achievement as the company gears up to celebrate its 25th anniversary in October. Click here to join our WhatsApp Channel The telco credits this growth to a year-long customer engagement initiative that focused on expanding services, …

Chinese truck manufacturer Sinotruk has introduced two new models — the H2 light-duty truck and the H3 medium-duty truck — into the Kenyan market. The trucks were launched on Thursday, with CFAO Mobility appointed as the official local distributor. Click here to join our WhatsApp Channel Speaking in Nairobi, CFAO …