BUSINESS

OPPO Kenya has opened two new brand stores at Waterfront Mall and Two Rivers Mall in Nairobi. This expansion signifies OPPO Kenya’s commitment to providing exceptional after-sales service to its Kenyan customers. OPPO says the opening of these two new brand stores will help its customers with even greater access to the company’s comprehensive brand offerings following the recent launch…

Kenya Airways has announced the renewal of its partnership with WRC Safari rally as its official airline sponsor for the event. The WRC Safari Rally, which will be held from 28th to 31st March is part of the World Rally Championship. As the official airline sponsor, Kenya Airways is assisting in the transportation of rally cars and team members to ensure the smooth operation of…

Prime Cabinet Secretary Musalia Mudavadi has said entry of Commercial International Bank (CIB) into Kenya’s market is a major win for Africa’s quest to enhance trade among its 54 member states. Speaking at the Kenya-Egypt Business Forum in Nairobi attended by 40 Egyptian companies among them construction, transport, water, tourism, manufacturing and healthcare, Mr Mudavadi said Kenya was at the…

Absa Bank Kenya has opened its doors to customers at its newest branch located at the BBS Mall, one of Kenya’s largest shopping malls located in the commercial area of Eastleigh, Nairobi. Whereas this branch will serve all customers in the area, it also becomes Absa’s flagship La Riba center, marking a strategic milestone in network expansion and setting itself…

Kenya’s fiscal policy is set to benefit from a renewed focus on managing external liquidity concerns recede even as fiscal challenges persist. This is according to the latest global Market Outlook Report for 2024 from Standard Chartered.  The Report, titled “Sailing with the Wind” finds that the US and other major economies are likely to witness sharply slower growth and…

In an era where global connectivity is paramount, Equity through its cutting-edge international money transfer solutions is committed to delivering unparalleled value to its customers by ensuring seamless, secure, and swift money transfers, that foster a sense of financial empowerment and convenience.  These services cover a spectrum, including cash pick-up, deposits to bank accounts and mobile wallets. Through strategic partnerships…

Kenya Airways has been ranked as Africa’s second most efficient airline in a global on-time performance review of airlines and airports. The latest On-Time Performance Review report by aviation analytics company Cirium reveals that the airline attained an impressive 71.86% on-time arrival rate out of 41,905 completed flights in 2023. An on-time flight is defined as a flight that arrives…

As the back-to-school season comes, parents are preparing for the excitement and challenges of getting their children ready for another term of learning. This time of the year generally brings a long list of obligations, from acquiring uniforms and textbooks to settling tuition fees. The financial strain can be overwhelming.  Fortunately, Absa Bank is ready to lend a hand with…

Diversified Financial services firm Ujani has unveiled a financial literacy platform to bridge the gap in personal finance and investments amongst Kenyans. The platform will empower individuals and institutional investors to make informed financial decisions and build a strong foundation of financial literacy. Users of the platform will have access to personal financial education, focusing on budgeting, saving, investing and…

Printcare,  the design-to-delivery printing and packaging solutions provider has selected Africa Logistics Properties (ALP) West Logistics Park to host its upcoming manufacturing and packing plant in Kenya. The manufacturing plant is scheduled to commence operations in April 2024. Printcare says it selected ALP West Logistics Park due to its infrastructure and commitment to upholding international standards. This includes health and…

Absa Bank Kenya has increased the interest rate on deposits on its Digital Savings account to 10% per annum, up from 9% per annum. The increase will be effective from December 12, 2023, and valid until March 2024. The Bank aims to empower its customers by offering an attractive interest rate through its Digital Savings Account, fostering a culture of…

Kenyan Originals, the brand under the African Originals umbrella has won two awards at the prestigious World Beverage Innovation Awards in Germany. The company has emerged as the standout local producer of gin, ciders and mixers in Kenya.   Kenyan Originals won the awards amongst other winners including AB-Inbev, Pepsico and Monin. Kenya is the birthplace of a plethora of speciality…

The Government is in the process of rolling out incentives across the tea sub-sector to enhance value-addition initiatives aimed at unlocking the potential of Kenya’s tea across global markets. Announcing the Kenya Tea Development Agency’s (KTDA) annual directors’ conference in Nairobi today, Agriculture and Livestock Development Cabinet Secretary, Mithika Linturi, said his ministry through the Tea Board of Kenya, has…

Old Mutual Kenya (OMK) has opened a second full-suite branch in the coastal city of Mombasa, as part of a business strategy hinged on providing integrated solutions addressing customers’ financial needs at different points in their lives. The new office in Mombasa will offer clients a wide array of insurance, savings and investment solutions under one roof, as the company…

National and County governments from the Lake Region Economic Bloc (LREB) have urged businesses nationwide to embrace Public-Private sector collaborations for increased profitability, customer acquisition, and market access. The call comes amidst the country’s economic recovery from global shocks, severe drought, and the COVID-19 pandemic. Addressing delegates during the inaugural Business Ecosystem Summit in Kisumu, Cabinet Secretary for National Treasury and Economic Planning, Prof. Njuguna Ndungu, emphasized…

Kingdom Bank through the KB Growth Hub hosted at least 40 local entrepreneurs for a training and business consulting clinic in partnership with Sinapis. A social enterprise that empowers MSMEs through coaching and training.  The full-day consulting services session saw MSME owners and directors engage with experts to assess their business needs and understand their pain points from the sales…

Economic relations between Singapore and Africa continue to expand, as bilateral trade in goods grew by around 15% per annum between 2019 to 2022, reaching US$14.5 billion in 2022. Singapore companies’ investments in the African continent cumulatively reached US$23.7 billion as at 2021. As testament to the robust interest to participate in Africa’s growth opportunities, five agreements were inked at…

Faulu Microfinance Bank has kicked off the rollout of its revamped solutions to customers and SMEs across the country ensuring that they fully understand and can harness the benefits of their new offerings. The move is in line with the bank’s new commitment to foster the growth of small and medium-sized enterprises (SMEs) even as it positions itself as a leading Traders…

Majid Al Futtaim Retail, owner and operator of Carrefour in Kenya has announced the launch of its transformative Retail Graduate Programme in collaboration with 12 top universities across six countries, namely Egypt, Georgia, Jordan, Kenya, Pakistan, and the United Arab Emirates. With a steadfast commitment to promoting gender diversity, Majid Al Futtaim Retail aims to empower and recruit 75 nationals for its…

Kenya is set to host the first-ever Business Ecosystems Summit (BES) in Kisumu City on Friday, September 1st, 2023. This is in line with ongoing key government reforms aimed at stimulating business growth across the country, bolstering economic independence and prosperity. Organized by the IMC People Ltd in partnership with the Lake Region Economic Bloc (LREB), the summit is aimed at unlocking the potential…