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This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

I&M Bank Founder Retires After 47 Years at the Top

His replacement as Chairman, Oliver Fowler, is expected to oversee the next phase of I&M's growth in line with their long term strategy. He is a qualified Kenyan Advocate and an English Solicitor, currently a Senior Partner at Kaplan & Stratton Advocates.

Equity Insurance Agency Records Sh600 Million Profit

Equity Insurance Agency posted a Ksh600 million gross profit in the financial year ending December 31, 2020. The insurer recorded good performance  despite a...

COVID-19 Vaccines Import Ban Takes Away a Lifeline For Private Hospitals

All licenses issued to private institutions for the importation of the vaccines have thus been suspended until further notice, the Cabinet Secretary for Health Mutahi Kagwe announced on 2nd April, throwing private entities that had committed funds to the initiative into a spin and leaving a huge population of Kenyans at the mercy of government.  “The participation of the private sector in the vaccination exercise now threatens the gains made in the fight against Covid-19 across the country,” Mr Kagwe said said.

APA Insurance Tops in Financial Reporting Awards

FiRe Awards 2020: APA Insurance scooped the top prize in the insurance category in this year's Financial Reporting (FiRe) Awards 2020. APA Insurance’s Chief...

CBK Reinstates Transaction Charges on Sacco Mobile Money Wallets

CBK stated that the resumption of charges would be subject to review in line with principles announced in December 2020 of customer centricity, transparency and disclosure, fairness and equity, choice and competition and affordability.

Uhuru’s Orders Kill Easter Boom as Restaurants, Hotels Face Collapse [VIDEO]

As revealed by Big Square CEO Lawrence Mudachi who is also the Chair of the Retail Traders Association, the effects of President Uhuru's address on Friday, March 26 immediately sent ripples through the sector.

Kenyan Business Owners Issue 5 Demands to Uhuru as Lockdown Bites

The chamber, which represents businesses from across the country, also wants the Central Bank of Kenya (CBK) to allow lenders to restructure loans for clients as happened at the onset of the pandemic in the first quarter of 2020.

GDC Set to Benefit from Sh76 Million Zealand-Africa Geothermal Fund

The National Treasury has signed a Memorandum of Arrangement (MOA) with New Zealand Ministry of Foreign Affairs and Trade (MFAT) and African Union Commission (AUC) to access the facility.

Family Bank Defies Trend as FY Profits Rise to Ksh1.4B

Family Bank defied the trend among lenders reporting their full year 2020 results as profit before tax rose 1.3% to Ksh1.44 billion up from Ksh1.42 billion in 2019. Profit After Tax for the full year in review was at Ksh1.2 billion, up from Ksh949.8 billion the previous year.

Incentro Transforms African Businesses as Google Cloud Partner

At the height of the pandemic, Incentro Africa, working with the Africa Google Cloud Distributor Digicloud Africa, partnered with The Central Bank of West Africa States to roll out Google Workplace in seven days for the 1300 employees located across eight countries without interrupting service or productivity. It also worked with the Kilifi County Government and SBM Bank.