Kenya’s modern retail sector continues to gain momentum, with retail giant Carrefour marking 10 years of operations in the country amid growing consumer demand, the expansion of digital commerce, and an increase in the formalisation of the retail industry. The retailer, operated in Kenya by Majid Al Futtaim, said it has expanded from its first…
NAIROBI, KENYA — A severe fuel crisis has forced the national government to lay bare the extraordinary financial mechanics keeping the domestic economy from an inflationary freefall. Following a turbulent week marked by public transport disruptions, localized shutdowns, and intense negotiation, the state has deployed a massive multi-billion-shilling buffer to keep transport networks moving and…
Absa Bank has called for accelerated digitisation, stronger interoperability and greater ecosystem collaboration to reduce the cost of trade finance and unlock Africa’s next phase of economic growth. Speaking during the GTR Conference in Nairobi, Lydia Wangari-Karanja, Director of Transactional Banking at Absa Bank Kenya, said digitisation is becoming increasingly critical in improving efficiency, reducing…
Manufacturers have called for accelerated adoption of clean technologies, affordable energy solutions, and stronger public-private collaboration to support industrial competitiveness amid rising fuel prices, energy costs, and ongoing global supply chain disruptions during the Clean Energy Conference & Expo held at the Sarit Expo Centre under the theme “Industrial Decarbonization Through Clean Technology Adoption.” The…
The Kenya Association of Manufacturers has raised concern over the sharp rise in fuel prices announced by the Energy and Petroleum Regulatory Authority, warning that the increase will significantly raise the cost of production, transportation, and living across the country. In the latest fuel review released on May 14, 2026, EPRA set the price of…
I&M Bank has announced the successful close of the public offer for the first tranche under its Kenya Shillings-denominated Medium-Term Note (“MTN”) Programme, with the offer recording an impressive subscription rate of 232.26% and attracting total applications amounting to Sh23,225,850,000 against the planned first tranche amount of KES 10 billion. In response to the strong…
Absa Bank Kenya has been recognised as the Best Retail Bank in Kenya by the Global Banking and Finance Review 2026, reflecting the bank’s continued investment in customer experience, digital innovation and segment-led banking solutions. This recognition underscores the bank’s strategic transition from a traditional product-led banking model to a customer segment-led approach aimed at…
TECNO has launched a new set of artificial intelligence (AI) tools in Kenya designed to work directly on smartphones without requiring internet connectivity, targeting students, small business owners, and families struggling with high data costs and unreliable network coverage. The company unveiled the tools at the University of Nairobi, positioning the move as part of…
TECNO has officially launched its AI ecosystem in Kenya, introducing a localised mobile intelligence experience designed for the way African consumers actually use smartphones: across mixed languages, in noisy environments, on limited data, and often on devices that must balance affordability, battery life, and performance. The launch follows the release of an Omdia report, AI…
MUA Insurance Kenya has joined The Blue Company Project, a private sector-led coalition that promotes collective anti-corruption action across the economy. The announcement comes at a time when data from the Ethics and Anti-Corruption Commission (EACC) shows that corruption remains deeply embedded in everyday transactions, with more than half of Kenyans reporting having witnessed bribery…
