Business

Business news, markets, and economy

9 articles

Mar 18, 2026

Equity Group Reports Record Profit of Sh75.5 Billion in 2025

Equity Group has posted its strongest results ever. The bank made a full-year profit of Sh75.5 billion in 2025.

By John Mutanyi

Mar 3, 2026

Nigerian Tycoon Abdul Samad Rabiu Climbs to Africa's Third Richest

Nigerian billionaire Abdul Samad Rabiu has surged in recent rankings to become the third richest person in Africa, trailing South African luxury goods magnate Johann Rupert and fellow Nigerian industrialist Aliko Dangote.

Mar 2, 2026

Safaricom Gains CBK Approval for Phone Number Masking in M-Pesa Transactions

Safaricom has received formal approval from the Central Bank of Kenya (CBK) to implement a data minimisation feature on its M-Pesa platform, allowing the company to mask customers' full phone numbers during payments to merchant Till numbers and PayBill accounts.

Feb 17, 2026

Aviation Workers Suspend Call off Strike After Reaching Deal with Government

The Kenya Aviation Workers Union (KAWU) has successfully ended its brief industrial action that started on Monday, restoring calm to Kenya's aviation sector after two days of significant disruptions.

Feb 16, 2026

Kenya Airways Warns of Major Flight Disruptions at JKIA Due to Ongoing Aviation Workers' Strike

Kenya Airways has alerted passengers to significant flight disruptions at Jomo Kenyatta International Airport (JKIA) following the commencement of an industrial action by members of the Kenya Aviation Workers Union (KAWU) on Monday, February 16, 2026.

Feb 7, 2026

Crypto firm accidentally sends Ksh5.6 trillion in bitcoins to users

In a stunning operational error, South Korea's major cryptocurrency platform Bithumb mistakenly credited hundreds of customers with enormous amounts of Bitcoin during a routine promotional giveaway on Friday, February 6, 2026. What was intended as small cash prizes of around 2,000 Korean won (roughly KSh 180) per winner turned into a distribution of at least 2,000 BTC each to affected users, resulting in over 620,000 Bitcoins being erroneously sent out—equivalent to approximately KSh 5.66 trillion at prevailing market rates.

Jan 26, 2026

IMF Projections Highlight Kenya's Dominance in East African Economies for 2026

According to the latest projections from the International Monetary Fund (IMF), Kenya continues to hold its position as the economic powerhouse of the East African Community (EAC) in 2026, with a nominal Gross Domestic Product (GDP) estimated at $140.87 billion. This figure underscores Kenya's robust economic trajectory amid regional growth, even as neighboring countries show promising expansions driven by investments in infrastructure, natural resources, and domestic demand.

Jan 23, 2026

KRA Introduces WhatsApp Service for Tax Filing, eTIMS and More

The Kenya Revenue Authority (KRA) has rolled out a new WhatsApp chatbot service to make tax filing and other essential services more accessible, allowing Kenyans to handle their tax obligations directly from their phones without visiting KRA offices or relying solely on the iTax portal.

Jan 20, 2026

East African Neighbors Outpace Kenya in Projected GDP Growth as Ethiopia Holds Strong at 7.1%

Recent economic forecasts from major institutions like the International Monetary Fund (IMF) and the African Development Bank (AfDB) highlight a shifting dynamic in East Africa: several neighboring countries are projected to grow faster than Kenya in the coming years, while Ethiopia continues to post robust figures around 7.1%.