Moscow sign export contract
Moscow companies have signed 81 export contracts worth 6.3 billion Russian roubles (about Sh10.5 billion) with partners in 15 African countries since 2019, according to the Moscow Export Center.The centre, which supports businesses from the Russian…
Recurrent spendings to increase
The government’s recurrent spending is projected to exceed Sh4 trillion for the first time in the 2027/28 financial year, as the proposed national budget rises to Sh5.416 trillion.The Draft Budget Policy Statement 2027 puts recurrent expenditure at…
Safaricom Crushes Ex-Employee’s Sh38M Dream
Can an employee lose a 16-year career over alleged misuse of medical insurance and still expect millions in compensation? That question has resurfaced after a Kenyan court dismissed a former Safaricom employee’s claim against the telecommunications giant…
Logistic company secures sh.572 milllion from SBM bank
SBM Bank Kenya has financed the purchase of 50 trucks worth $4.44 million (about Sh572 million) by logistics company Beyond Continents Logistics Limited to expand its cargo transport capacity across East Africa.The deal will see the company acquire 50…
Kenya-Uganda tourism partnership
More than 50 Ugandan tourism operators, travel agents, hoteliers and influencers have arrived at the Kenya Coast to explore tourism sites and build partnerships with Kenyan businesses ahead of a regional tourism summit next week. The delegation is on a…
UK shares subscription at Quickmart
The United Kingdom government has subscribed to shares worth Ksh1.94 billion in Quickmart’s initial public offering (IPO), representing approximately 13% of the Ksh15 billion offer. The United Kingdom government has committed Sh1.94 billion to…
NCBA stake aquisation
South African lender Nedbank Group has completed the acquisition of a 66 percent stake in NCBA Group after securing regulatory approvals, making the Kenyan bank a subsidiary of the Johannesburg-listed lender. The deal follows a share offer that attracted…
KEBS CEO contract renewal
The Kenya Bureau of Standards (KEBS) has renewed Esther Njeri Ngari’s contract as chief executive officer for another three years, extending her tenure to October 2029. In a Gazette notice, Investments, Trade and Industry Cabinet Secretary Lee Kinyanjui…
Safaricom M-pesa jumbe
Safaricom has introduced M-PESA Jumbe, a payment notification feature designed to help customers confirm transactions without exposing their full names, phone numbers or M-PESA balances.The service targets a common practice in shops, restaurants and…
Coperative bank support to water and sanitation project
Coperative Bank of Kenya disbursed Sh4.39 billion in loans for water and sanitation projects between March 2023 and August 2026, exceeding its initial target of Sh3 billion under a partnership with Water.org.The bank received the Leadership in Water…