President William Ruto has directed the Intergovernmental Budget and Economic Council (IBEC), in collaboration with county governments, to introduce a two-year business permit waiver for all beneficiaries of the National Youth Opportunities Towards Advancement (NYOTA) programme. The directive was issued on Friday during the disbursement of the second tranche of NYOTA funding at the Ulinzi…
Old Mutual has taken its nationwide Financial Wellness Drive to Mombasa, bringing practical financial education, expert advisory services, and tailored financial solutions closer to businesses and households across the Coast region. The activation, which follows similar engagements in Thika and Nakuru, is designed to equip individuals, entrepreneurs, and small and medium-sized enterprises with the knowledge…
Steel manufacturers have called for measures to lower the cost of production, curb the entry of substandard products and create a predictable business environment to enable Kenya’s steel industry to increase production and compete in regional and international markets. This was during the opening of the East African Steel Summit at Sarit Centre, Nairobi. Speaking…
Family Bank has expanded its branch network to 97 branches with the opening of a new outlet in Kawangware Mlango Soko, expanding access to financial solutions for Small and Medium-sized Enterprises (SMEs). The expansion forms part of the Bank’s ongoing branch network modernisation programme aimed at enhancing customer accessibility, convenience, and the overall banking experience. “Branch…
Airtel Africa Foundation, the philanthropic arm of Airtel Africa plc, has reported an investment of $6.2 million across financial inclusion, education, environmental sustainability, and digital inclusion initiatives across Africa during its first full year of operations and its impact on millions of learners and communities across Africa, with education receiving the largest share of investment. Key achievements…
Kenyan entrepreneur, conservationist, and IUCN Patron of Nature, Humphrey Kariuki, has called for increased investment and stronger partnerships to support Africa’s regenerative blue economy, saying coastal communities must be at the heart of ocean conservation and restoration efforts. Speaking during the 17th Monaco Blue Initiative (MBI) and the 2nd Blue Economy and Finance Forum (BEFF)…
I&M Group has posted a 19 per cent year-on-year increase in Profit After Tax (PAT) to Sh5.0 billion for the first quarter of 2026, up from Sh4.2 billion in the same period last year. The Group delivered a strong start to the year, recording a 42 per cent growth in customer numbers compared to the…
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…
The Absa Kenya Foundation has partnered with German Corporation for International Cooperation and the African Guarantee Fund to launch the CirculaRising Programme, a large-scale initiative targeting over 6,000 new and improved jobs within the next two to three years. Positioned as Kenya’s first and largest circular economy programme, the initiative aims to support more than…
Naivas Supermarkets has rolled out the 2026 edition of its flagship ‘Kikapu Kibonge’ campaign, ramping up efforts to support Kenyan households under pressure from persistently high living costs. Dubbed “Beba Kikapu Kibonge’ with discounts of upto 50 per cent off, it is designed to provide consistent access to essential household goods at discounted prices,…
