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Latest business news in Kenya Latest business news in Kenya
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Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

1207 Articles
Equity Group Managing Director Dr. James Mwangi unveiling the Equity BCDC brand identity in Kinshasa on February 11, 2021. The group saw profits fall in 2020 even as significant growth was witnessed in deposits and assets.Equity Group Managing Director Dr. James Mwangi unveiling the Equity BCDC brand identity in Kinshasa on February 11, 2021. The group saw profits fall in 2020 even as significant growth was witnessed in deposits and assets.
BUSINESSMARKETS

Pandemic Pushes Equity Profits Down to Ksh19 Billion for 2020 FY

The situation was largely attributed to the pandemic - as evidenced by the massive increase in loan loss provisions from Ksh5.6 billion in...

2 Mins read
A motorist at night on the streets of Nairobi. A section of insurers have warned that claims for incidences involving drivers on the road past curfew hours could be invalid.
BUSINESS

Loophole or Greed? Insurers Slap Kenyans With New Curfew Rules

The rules are bound to affect numerous livelihoods, but one thing most did not consider is the implications of the address on their...

2 Mins read
The Machakos Country Bus Terminal in Nairobi. A multi-storey parking lot is to be constructed at the iconic location.
ECONOMY

NMS to Demolish Machakos Country Bus Station for Multi-Storey Parking Lot

Located close to the Central Business District (CBD), the terminus is currently a hub for upcountry-bound matatus among other vehicles. It has, however,...

1 Mins read
Sanlam Kenya Group CEO Patrick Tumbo at a past briefing. The firm closed the 2020 full financial year on a Ksh78 million after-tax loss representing a decline from the prior-year after-tax profit of Ksh114 million.
BUSINESSMARKETS

Sanlam Slips Into The Red With Ksh78M After-Tax Loss

With increased claims and lower investment returns, Sanlam closed the year on a Ksh78 million after-tax loss representing a drop from the prior-year...

2 Mins read
The late Lorna Irungu. A foundation has been set up in her name by her family after she succumbed to Covid-19.
FEATURED ARTICLE

Lorna Irungu’s Family Sets Up Foundation to Honor Her Legacy

The family urged Kenyans to adhere to Covid-19 control measures such as hand-washing, mask-wearing and social distancing, highlighting the fact that Lorna was...

2 Mins read
Technicians work on a train on the Nairobi-Nanyuki line. Passenger trains from Nakuru-Kisumu are set to begin operations later this year.
ECONOMYFEATURED ARTICLE

Kisumu Passenger Train Set for Maiden Trip as Residents Await Benefits

Kenya Railways Corporation (KRC) expects residents of Western Kenya to enjoy rides between Kisumu and Nakuru where they will be able to join...

2 Mins read
NMG headquarters in Nairobi. The group has axed several workers in Uganda effective Wednesday, March 31, 2021
MEDIA

Nation Media Group Fires Staff in Uganda Over Digital Shift, Covid-19

The company operates leading media brands in the country - including NTV Uganda, The East African and the Daily Monitor. A letter from...

1 Mins read
Absa Bank Headquarters in Nairobi.
BUSINESSECONOMYMARKETS

Absa Bank Posts Ksh6.5B Profit Despite the Pandemic

The management took decisive action to increase provisions in order to take the best position for future potential credit losses. This was decision...

2 Mins read
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