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Latest Business news in Kenya and political news from Kenya

Companies Continue Increasing Cybersecurity Budgets, Entire Market to Hit $158.8B Value...

The revenues continued growing in 2020 and jumped to $120.2bn, as COVID-19 forced companies and organizations worldwide to speed up the digitalization of their business.

Juliani Reveals Mother’s Worry Amid Relationship Drama

“He arrogantly stated that he was a very important and powerful person in this country, and he can get away with anything and everything he has planned to do to me, and my friends,” she alleges.

Bank Manager Sued For F***d Claims Sh200 Million After Winning Case

Mr Ndegwa had been accused of conspiring to steal Ksh163 million from the bank, and now says their prosecution was made in bad faith and on unfounded claims. Mr Ndegwa says the lender, the DPP and the Inspector General of Police should be made to pay for the suffering he underwent and for loss of earnings. He says the police failed to conduct proper investigations before arraigning them.

James Mwangi’s New 4-Point Plan to Transform Africa’s Economy

Mwangi disclosed that the plan was developed in consultation with leading experts from various public and private sector bodies, including the International Finance Corporation (IFC) and the East African Community (EAC).

Greenforest Foods, EU Ink Deal To Support Groundnut Farmers In Kenya

Over 2,000 smallholder groundnut farmers in Baringo and Elgeyo Marakwet counties stand to benefit from a project initiated by Kenyan SME Greenforest Foods and...

Jubilee Buys Coca Cola’s Upperhill Building in Ksh1.1B Deal

The property, sitting on 3.2 acres in Upperhill, has a three-storey Grade A office complex as its main feature, Among other facilities, it includes 130 parking spaces, a sound-proof auditorium, gym, and a cafeteria.

Absa Bank Kenya Posts Ksh5.6 Billion Half-Year 2021 Profit

The strong performance was largely driven by growth in interest income particularly in the small and medium enterprises segment as the Bank accelerated its efforts in supporting businesses to recover from the effects of the pandemic and reposition for growth. 

Fake Deliveries and Whatsapp Scams: Fraudsters’ Latest Tactics Revealed

 In Q2 2021, amidst continued disruption in supply chains and mail services, scammers sought to use this fact to steal money and credit card details.

SportPesa Licensed to Operate by the BCLB

"We are in receipt of our licence BCLB no. 0000448 valid up to June 30th, 2023," SportPesa noted in new communication seen by Business Today. SportPesa was among at least 97 firms which, as of July 1st, had failed to have their licenses renewed by the BCLB.

Fintech App Usage up 61% Year-on-Year: deVere

ames Green, deVere Group’s Divisional Manager of Europe, notes: “Pre-coronavirus, we were already in an exciting new era driven by the lightning pace of the digitalisation of our everyday lives.   “But like so many areas of our lives, the pandemic has accelerated this trend.”