Business News
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Funding Gap Threatens Africa’s Blue Economy Potential
Africa’s blue economy has the potential to contribute more than $405 billion annually and support 57 million jobs by 2030, but achieving that growth will require greater investment in marine conservation and coastal communities, participants at a major international ocean forum heard this week. Speaking during the 17th Monaco Blue Initiative and the 2nd Blue…
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Facebook Parent Company Cuts 8,000 Jobs as AI Push Reshapes Workforce
Facebook parent company Meta has launched a major round of layoffs affecting nearly 10 percent of its global workforce as the pressure for tech companies to invest in artificial intelligence (AI) rises. The layoffs, which began this week, are expected to affect about 8,000 employees across multiple departments. According to reports, the cuts are being…
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How free M-PESA transactions drove growth in digital payments
Free small-value transactions made up 58 per cent of all M-PESA activity in the 2025/2026 financial year as more Kenyans turned to mobile money for daily payments and transfers. According to Safaricom, the zero-rated transactions under the M-PESA Kadogo initiative reached 17.1 billion during the financial year whose results were announced on May 7. Under…
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James Mwangi calls for technology-driven trade and inclusion at Africa CEO Forum
Equity Group Managing Director and CEO James Mwangi has called for stronger collaboration between governments, financial institutions and technology firms to support Africa’s digital economy and boost intra-African trade. Speaking during a Tech Breakfast hosted by Equity Group on the sidelines of the ongoing Africa CEO Forum 2026 in Kigali, Mwangi said Africa’s future growth…
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KfW Becomes ATIDI Shareholder in Move to Boost German Investment in Africa
The German development bank KfW Development Bank has become the latest shareholder in the African Trade & Investment Development Insurance in a bid to strengthen the insurer’s capital base and its capacity to support trade and investment across Africa. KfW joins as the 13th institutional shareholder in ATIDI, a move that signals deeper economic ties…
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Fuel Theft and Inefficiency Are Costing Kenyan Fleet Owners Millions
By Terry Gathoni Every litre of fuel lost without notice is money gone and for many Kenyan fleet owners, that loss is happening daily. At a time when fuel remains one of the biggest operating costs, even small leakages are adding up fast. Whether through inefficiencies or outright theft, businesses running trucks, vans, or service…
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Equity Bank Dominates Banking Awards, Named Best Overall in Kenya
Equity Bank has taken the top position in Kenya’s banking sector, emerging as the Overall Best Bank at the Think Business Banking Awards after dominating multiple categories in the latest industry rankings. The bank secured first place in 10 categories, covering retail banking, product innovation, agriculture and livestock financing, asset financing, microfinance and corporate social…
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EPRA Hikes Electricity Costs as Kenyan Power Bills Jump Up to 30%
Electricity pricing pressure has now fully caught up with households, with fresh adjustments by the Energy and Petroleum Regulatory Authority (EPRA) set to push April power bills significantly higher. The new adjustment is adding roughly Sh4.72 per kilowatt-hour above the base tariff and extending the cost burden that had already intensified through rising fuel prices.…
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Honda Backs Kenya Plant for Desert Sand Road Tech
Honda Motor has unveiled a new startup, PathAhead Ltd, which is set to revolutionize road construction in Africa through an innovative material made from desert sand.The newly formed company, PathAhead, has developed “Rising Sand,” described as the world’s first artificial aggregate made from desert sand.The innovation is expected to redefine infrastructure development by offering a…
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KRA Targets Mobile Money in Crackdown on Nil Tax Returns
Kenya Revenue Authority (KRA) is tightening its grip on tax compliance by flagging mobile money transactions linked to taxpayers who continue to file nil returns despite active financial activity. The move signals a shift from trust-based filing to data-backed verification, as the authority leverages digital payment trails to uncover undeclared income and widen the tax…
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The Man Aiming to Put Africa on the Dairy Map
Born and raised in a humble background in Tetu, Nyeri county, Alex Gathii watched his parents struggle to school him. As a reward to his parents Gathii worked hard in school, performingso well and later joined The University of Nairobi. At the University his passion for agriculture especially dairy farming became his core pursuit. Hegraduated…
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Safaricom to Mask M-PESA Send Money Numbers in New Privacy Update
Safaricom will begin masking mobile numbers in M-PESA Send Money transaction notifications from March 24, 2026, as part of a broader data minimization strategy aimed at strengthening customer privacy and reducing exposure to personal information. The update will change how recipients view transaction alerts. Instead of displaying full mobile numbers, notifications will show partially hidden…
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How Digital Platforms Are Transforming Dairy Farm Management in Africa
Africa’s dairy sector is expanding fast, yet productivity remains uneven. At the center of the challenge is dairy farm management. Millions of smallholder farmers produce milk, but fragmented systems, weak data, and inefficient market access continue to limit growth. A new generation of digital infrastructure is beginning to change that. Platforms like TanoDairy, developed by…
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CBK Approves Mpesa Number Masking for Privacy
The Central Bank of Kenya (CBK) has authorised Safaricom to implement phone number masking across Mpesa transactions in Paybill, Till, and Buy Goods. According to the CBK’s National Payments Strategy 2022–2025, the bank outlined a data protection framework tailored for digital payments, committing to facilitating the development of a framework for financial data protection. “The…
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Kenya Announces Results of Sh294.8B Bond Tender Offer
The government of Kenya has announced the results of its tender offer for two international sovereign notes, confirming strong investor participation and partial acceptance of its 2032 amortizing bonds. In a statement dated 26 February 2026, the government said it had invited eligible holders of its Sh131.0 billion 7.250 per cent Notes due 2028 and…
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EPRA Issues Tough LPG Safety Rules for Traders in Kenya
The Energy and Petroleum Regulatory Authority (EPRA) has issued new safety requirements for Liquefied Petroleum Gas (LPG) cylinder wholesalers and retailers across Kenya, warning that non-compliance will attract immediate enforcement action. In a public notice, the Authority directed all LPG traders to strictly adhere to the Petroleum Act and the Petroleum (Liquefied Petroleum Gas) Regulations,…
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KEBS Appoints Firms for Pre-Export Inspection of General Goods.
The Kenya Bureau of Standards (KEBS) has appointed nine inspection companies to provide Pre-Export Verification of Conformity (PVoC) services for general goods for a three year period beginning February 19, 2026. In a public notice, KEBS said the firms have been contracted under its three year inspection cycle to conduct quality checks on imports in…
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The Hub Karen Crowns Sh1M Winner in Festive ‘Shop & Win’ Finale
The Hub Karen has crowned the winners of its festive season “Shop & Win” campaign, awarding a grand prize of KSh1 million and premium travel experiences in a colourful finale held at the mall. The campaign, which ran through the December holiday season and closed on January 12, culminated in a draw supervised by the…
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Agridex, Tradeflow Partner to Scale SME Funding in Africa
Agridex International the fintech innovator behind the Loam digital payments and treasury optimization platform has announced a strategic partnership with Tradeflow Capital Management to accelerate capital deployment in Kenya and across Africa. The collaboration is designed to expand access to structured trade finance and modern payment infrastructure for small and medium enterprises. By combining Tradeflow’s…
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KAM Welcomes 16-Month AGOA Extension, Calls for Kenya-US Trade Deal
The Kenya Association of Manufacturers (KAM) has welcomed a 16 month retrospective extension of the African Growth and Opportunity Act (AGOA), saying the renewal will sustain Kenyan exports to the United States and support business continuity for both countries. In a statement issued Wednesday, KAM said the extension preserves preferential access for Kenyan goods to…
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