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BUSINESS

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

Exclusive Details of New Ksh3.9M Mobius 3 Revealed [PHOTOS]

With the Mobius 3 expected to start from Ksh3.9 million, the company hopes to edge out SUV imports from Japan and China while remaining an attractive choice for customers looking at style alongside functionality.

Cement Billionaires Gang Up Against Narendra Raval Over Plan to Take...

Devki Group owns Simba Cement,  National Cement, ARM Cement and Cemtech. It has spent over Ksh6 Billion in an expansion plan over the past few years including on the acquisition of Cemtech and ARM Cement.

Safaricom Ethiopia Staff Moved Out as Conflict Heightens

“It, therefore, concerns me deeply that after one year, the crisis has not abated but has in fact deteriorated. The fighting has continued, the deaths have accumulated, the displacement persists and suffering and humanitarian emergency have taken root in the country.”

Atwoli Takes On Fuliza And Digital Loan Apps

Atwoli cited petitions from numerous COTU members on the apps which have been accused of predatory lending with high interest rates, debt shaming and other unethical practices.

NMG Taps Mawingu Networks Boss for CTO Role

As the CTO, August will be in the driver's seat in NMG's digital transformation plan, which has so far seen them rebrand their flagship platform and introduce a paywall. Earlier in April, the firm confirmed having hit 50,000 subscribers.

NMG Dangles a Carrot To Its Jittery Journalists

Riding on improved profitability, the company said it was on course to reward employees with bonus after the last two difficult years, hoping the token will firm up their loyalty to NMG.

Jeff Koinange’s Little-Known Multi-Million Side-Hustle

Many Kenyans know Jeff Koinange as one of Kenya's most recognizable and well paid media personalities, but the Citizen TV talk-show host and news anchor is a man of many passions and talents.

Peter Munga’s Multi-Billion Power Play That Stunned Africa

Painting Munga as an uncompromising businessman, the commission concluded: "Peter Munga was a business tycoon and all the Mauritian professionals involved put together were no match for him singly alone. He was able to dictate both time and terms, price and party."

PayPal Nightmare Experiences Leave Kenyan Writers, Online Freelancers Broke & Distressed

Numerous Kenyan freelancers have been left frustrated and distressed thanks to their experiences with the service. With payments withheld and some losing their accounts in questionable circumstances, more of them are searching for alternatives.

Chinese Billionaire Acquires Kenyan Microfinance Firm With One Branch

The Central Bank of Kenya (CBK) has announced the acquisition of 85 percent shareholding of Choice Microfinance Bank Limited (Choice MFB) by Wakanda Network...