Business

VFS Global has shared a visa application advisory with information to help reduce fraud esepcially as Kenyans go for Visa appointments and applications. VFS Global has also implemented a number of measures as the surge in travel activity continues into 2025 and visa applications increase in volumes higher than ever before. According to the World […]

 Family Bank shareholders have approved a KES 1.1 billion, KES 0.85 per Share, dividend pay-out for the 2024 financial year. The dividends represent a 53% increase from the 2023 pay-out, when shareholders approved a distribution of KES 723 million. This year’s pay-out follows a 38% surge in profit after tax, which closed at KES 3.4 billion for the year ended

President William Ruto has praised the Kenyan diaspora community for its increasing contribution to national development, following a historic surge in remittances that reached a record KSh638 billion ($4.95 billion) in 2024. Speaking at State House Nairobi on Monday during a meeting with representatives from 27 countries, President Ruto remarked that diaspora remittances now surpass

The Competition Authority of Kenya (CAK) has given the green light for the proposed acquisition of control of Gulf African Bank Limited by Dubai’s Soren Investment Company Limited. The approval, which was granted under Section 46 (6)(a) of the Competition Act (Cap. 504), authorizes the implementation of the transaction as outlined in the submitted merger

Paul Russo, the Chief Executive Officer of KCB Group PLC, has been elected as the new Chairperson of the Kenya Bankers Association (KBA), succeeding John Gachora, who held the position since June 2021. This leadership change comes at a pivotal time for the banking industry, which is increasingly focused on expanding access to credit for

By Azael Serrano In the evolving landscape of small and medium-sized enterprises (SMEs), two realities are inescapable: space is scarce, and budgets are tight. The modern SME, often navigating hybrid work environments, escalating real estate costs, and digital-first expectations, is being forced to rethink its technology investments. The priority is no longer big, powerful infrastructure,

Peach Cars, a Kenyan automotive tech startup, has secured $11 million in Series A funding to expand its operations and improve consumer confidence in Africa’s fragmented and informal used car market. The new funding follows its earlier $5 million seed and will support the company’s mission to create a transparent, customer-centric vehicle marketplace that simplifies

Michael Joseph, the Independent Non-Executive Director and Chairman of the national carrier, Kenya Airways PLC, has retired from service. His retirement is effective June 13, 2025, marking the end of a pivotal nine-year tenure that began in 2016. In a public statement issued by the airline’s board, Kenya Airways credited Mr. Joseph with providing exceptional

NCBA has today opened its 99th branch in Kawangware, marking a strategic move to catalyse financial inclusion and significantly deepen engagement with retail and SME customers in the area. Since its establishment in December 2024, the branch has recorded a strong performance with over 1,106 accounts and 402 merchant tills, and a balance sheet of