https://nairobileo.co.ke/feed/business Welcome to https://nairobileo.co.ke feed url page Mon, 12 Oct 2026 10:04:37 +0300 en-US akika.digital@gmail.com hourly 1 10 https://nairobileo.co.ke/feed/business https://nairobileo.co.ke/frontend/assets/img/logo.png Welcome to https://nairobileo.co.ke feed url page https://nairobileo.co.ke/business/article/30727/equity-ceo-james-mwangi-secures-spot-on-20-member-global-commission-as-only-african https://nairobileo.co.ke/business/article/30727/equity-ceo-james-mwangi-secures-spot-on-20-member-global-commission-as-only-african Equity Group CEO James Mwangi has been appointed to a 20-member international commission tasked with redefining cooperation between developed and developing nations. Fri, 09 Oct 2026 15:49:25 +0300 https://nairobileo.co.ke/business/article/30716/saccos-owed-by-kuscco-given-deadline-as-liquidation-begins https://nairobileo.co.ke/business/article/30716/saccos-owed-by-kuscco-given-deadline-as-liquidation-begins KUSCCO has issued a notice to its debtors, directing them to continue servicing their loans as the organisation undergoes liquidation. Fri, 09 Oct 2026 09:57:26 +0300 https://nairobileo.co.ke/business/article/30668/kra-seizes-358-laptops-ipads-in-ksh13-million-kileleshwa-raid https://nairobileo.co.ke/business/article/30668/kra-seizes-358-laptops-ipads-in-ksh13-million-kileleshwa-raid KRA has seized electronic goods estimated to be worth Ksh13 million during an intelligence-led operation at a residential apartment in Kileleshwa, Nairobi. Wed, 07 Oct 2026 13:01:32 +0300 https://nairobileo.co.ke/business/article/30646/govt-signs-ksh3882-billion-deal-to-build-electric-vehicles-locally https://nairobileo.co.ke/business/article/30646/govt-signs-ksh3882-billion-deal-to-build-electric-vehicles-locally President William Ruto has announced a proposed $3 billion (Ksh388.2 billion) investment to establish an electric vehicle manufacturing and green mobility ecosystem in Kenya. Tue, 06 Oct 2026 15:50:24 +0300 https://nairobileo.co.ke/business/article/30635/kingdom-bank-announces-3-day-banking-services-suspension https://nairobileo.co.ke/business/article/30635/kingdom-bank-announces-3-day-banking-services-suspension Kingdom Bank, a subsidiary of Co-operative Bank of Kenya, has announced a temporary suspension of banking services as it upgrades its Core Banking System. Tue, 06 Oct 2026 09:39:38 +0300 https://nairobileo.co.ke/business/article/30627/govt-clears-kenyan-investors-to-participate-in-dangote-refinery-ipo https://nairobileo.co.ke/business/article/30627/govt-clears-kenyan-investors-to-participate-in-dangote-refinery-ipo CMA has approved arrangements allowing eligible Kenyan investors to participate in the IPO Dangote Petroleum Refinery & Petrochemicals (DPRP) in Nigeria. Tue, 06 Oct 2026 07:00:00 +0300 https://nairobileo.co.ke/business/article/30610/saccos-record-strong-growth-as-deposits-hit-ksh8327-billion https://nairobileo.co.ke/business/article/30610/saccos-record-strong-growth-as-deposits-hit-ksh8327-billion Kenya's regulated SACCO sector recorded strong growth in 2025, with total deposits rising to Ksh832.7 billion from Ksh749.4 billion in 2024. Mon, 05 Oct 2026 11:04:26 +0300 https://nairobileo.co.ke/business/article/30609/quickmart-launches-ksh15-billion-ipo-ahead-of-nse-debut-details https://nairobileo.co.ke/business/article/30609/quickmart-launches-ksh15-billion-ipo-ahead-of-nse-debut-details Quick Mart has launched a Ksh15 billion Initial Public Offering (IPO), paving the way for the supermarket chain’s planned listing on the Nairobi Securities Exchange (NSE). Mon, 05 Oct 2026 10:27:05 +0300 https://nairobileo.co.ke/business/article/30608/cbk-approves-appointment-of-abdi-mohamed-as-new-iandm-bank-ceo https://nairobileo.co.ke/business/article/30608/cbk-approves-appointment-of-abdi-mohamed-as-new-iandm-bank-ceo The Central Bank of Kenya (CBK) has approved the appointment of Abdi Mohamed as the new Chief Executive Officer (CEO) of I&M Bank. Mon, 05 Oct 2026 09:58:45 +0300 https://nairobileo.co.ke/business/article/30563/govt-directs-mobile-operators-to-lift-sms-restrictions-over-el-nino https://nairobileo.co.ke/business/article/30563/govt-directs-mobile-operators-to-lift-sms-restrictions-over-el-nino The Communications Authority of Kenya (CA) has directed mobile network operators to lift restrictions on government-authorised emergency bulk SMS messages as the country steps up preparations for the El Niño period. Fri, 02 Oct 2026 13:19:12 +0300 https://nairobileo.co.ke/business/article/30560/president-ruto-announces-plan-to-expand-port-of-mombasa https://nairobileo.co.ke/business/article/30560/president-ruto-announces-plan-to-expand-port-of-mombasa President William Ruto has announced the government’s plan to expand and modernize the Port of Mombasa. Fri, 02 Oct 2026 11:39:15 +0300 https://nairobileo.co.ke/business/article/30545/how-nairobis-young-professionals-are-using-betting-apps-as-weekend-entertainment https://nairobileo.co.ke/business/article/30545/how-nairobis-young-professionals-are-using-betting-apps-as-weekend-entertainment The typical plan on a weekend in Nairobi is to get together after a long week with friends, get a table in Westlands, Kilimani, Thika Road, Ngong Road, or wherever, and catch a football match. Thu, 01 Oct 2026 17:35:00 +0300 https://nairobileo.co.ke/business/article/30537/travellers-warned-as-kra-intercepts-undeclared-iphones-worth-ksh82m-at-jkia https://nairobileo.co.ke/business/article/30537/travellers-warned-as-kra-intercepts-undeclared-iphones-worth-ksh82m-at-jkia KRA officers at the Jomo Kenyatta International Airport (JKIA) have intercepted 40 undeclared iPhone 18 Pro and Pro Max phones valued at Ksh8.2 million. Thu, 01 Oct 2026 14:08:49 +0300 https://nairobileo.co.ke/business/article/30534/jambojet-resumes-daily-nairobi-entebbe-flights-after-6-year-hiatus https://nairobileo.co.ke/business/article/30534/jambojet-resumes-daily-nairobi-entebbe-flights-after-6-year-hiatus Jambojet has resumed daily flights between Nairobi and Entebbe, Uganda, after a six-year break. Thu, 01 Oct 2026 12:36:22 +0300 https://nairobileo.co.ke/business/article/30532/equity-bank-announces-intermittent-service-downtime https://nairobileo.co.ke/business/article/30532/equity-bank-announces-intermittent-service-downtime The bank said the disruption was affecting its services and that efforts were underway to resolve the technical issue. Thu, 01 Oct 2026 11:40:34 +0300 https://nairobileo.co.ke/business/article/30522/kra-explains-new-excise-duty-changes-on-water-juices-sugar-and-betting https://nairobileo.co.ke/business/article/30522/kra-explains-new-excise-duty-changes-on-water-juices-sugar-and-betting KRA has explained changes to excise duty affecting bottled water, fruit and vegetable juices, specified imported sugar, antique vehicles, betting and gaming deposits. Thu, 01 Oct 2026 07:00:00 +0300 https://nairobileo.co.ke/business/article/30508/cbk-licenses-29-more-digital-credit-providers https://nairobileo.co.ke/business/article/30508/cbk-licenses-29-more-digital-credit-providers The Central Bank of Kenya (CBK) has licensed 29 additional Digital Credit Providers (DCPs), bringing the total number of licensed digital lenders in the country to 281. Wed, 30 Sep 2026 11:38:55 +0300 https://nairobileo.co.ke/business/article/30488/rwanda-receives-maiden-40000-tonne-fuel-shipment-through-new-kenya-supply-route https://nairobileo.co.ke/business/article/30488/rwanda-receives-maiden-40000-tonne-fuel-shipment-through-new-kenya-supply-route Rwanda has received its first consignment of 40,000 metric tonnes of refined petroleum products through a new supply route using Kenya’s port, pipeline and transport infrastructure. Tue, 29 Sep 2026 15:47:21 +0300 https://nairobileo.co.ke/business/article/30464/meta-unveils-new-enterprise-platform-to-drive-ai-powered-business-growth https://nairobileo.co.ke/business/article/30464/meta-unveils-new-enterprise-platform-to-drive-ai-powered-business-growth Meta has announced a new enterprise-focused platform aimed at helping businesses and developers use artificial intelligence to expand their operations, reach customers and transform how they work. Mon, 28 Sep 2026 16:36:41 +0300 https://nairobileo.co.ke/business/article/30434/president-ruto-announces-plan-to-extend-sgr-to-tanzania https://nairobileo.co.ke/business/article/30434/president-ruto-announces-plan-to-extend-sgr-to-tanzania President William Ruto has announced plans to extend the Standard Gauge Railway (SGR) line from Voi to Tanzania. Sun, 27 Sep 2026 13:56:24 +0300 https://nairobileo.co.ke/business/article/30390/nema-announces-changes-affecting-importers-clearing-agents https://nairobileo.co.ke/business/article/30390/nema-announces-changes-affecting-importers-clearing-agents NEMA, in collaboration with the Kenya Trade Network Agency (KenTrade), has announced changes to the processing of NEMA Extended Producer Responsibility (EPR) permits. Thu, 24 Sep 2026 13:54:04 +0300 https://nairobileo.co.ke/business/article/30367/quickmart-announces-plans-to-list-on-nairobi-securities-exchange https://nairobileo.co.ke/business/article/30367/quickmart-announces-plans-to-list-on-nairobi-securities-exchange Quickmart has announced plans to list all its issued ordinary shares on the Main Investment Market Segment of the Nairobi Securities Exchange (NSE). Wed, 23 Sep 2026 16:24:25 +0300 https://nairobileo.co.ke/business/article/30364/kra-saves-ksh215-million-after-seizing-52000-under-declared-smartphones https://nairobileo.co.ke/business/article/30364/kra-saves-ksh215-million-after-seizing-52000-under-declared-smartphones KRA has intercepted a consignment of smartphones at Eldoret International Airport after discovering that thousands of phones had been under-declared for tax purposes. Wed, 23 Sep 2026 14:40:28 +0300 https://nairobileo.co.ke/business/article/30360/cbk-approves-transfer-of-access-bank-kenya-to-national-bank-of-kenya https://nairobileo.co.ke/business/article/30360/cbk-approves-transfer-of-access-bank-kenya-to-national-bank-of-kenya The Central Bank of Kenya (CBK) has announced the transfer of all assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK). Wed, 23 Sep 2026 12:52:58 +0300 https://nairobileo.co.ke/business/article/30352/why-mobile-money-transactions-fell-30percent-in-2025-cbk https://nairobileo.co.ke/business/article/30352/why-mobile-money-transactions-fell-30percent-in-2025-cbk The Central Bank of Kenya (CBK) has revealed that mobile money transaction volume fell by 30 percent in 2025. Wed, 23 Sep 2026 09:35:55 +0300 https://nairobileo.co.ke/business/article/30351/kenyans-increase-bank-savings-as-deposits-rise-to-ksh612-trillion https://nairobileo.co.ke/business/article/30351/kenyans-increase-bank-savings-as-deposits-rise-to-ksh612-trillion Kenyans increased their deposits in commercial banks in 2025, with customer deposits rising by 11.6 percent to Ksh6.12 trillion. Wed, 23 Sep 2026 09:25:18 +0300 https://nairobileo.co.ke/business/article/30343/kra-announces-3-hour-website-maintenance https://nairobileo.co.ke/business/article/30343/kra-announces-3-hour-website-maintenance The Kenya Revenue Authority (KRA) announced that its website will be temporarily unavailable on Tuesday, September 22, due to scheduled maintenance. Tue, 22 Sep 2026 16:46:34 +0300 https://nairobileo.co.ke/business/article/30329/finance-act-2026-kra-explains-key-vat-changes-for-businesses https://nairobileo.co.ke/business/article/30329/finance-act-2026-kra-explains-key-vat-changes-for-businesses KRA has outlined key changes to VAT introduced under the Finance Act 2026, with businesses required to take note of new rules affecting VAT refunds, taxable supplies, digital payment services and exemptions. Tue, 22 Sep 2026 11:41:16 +0300 https://nairobileo.co.ke/business/article/30328/tea-farmers-earn-ksh187-billion-as-govt-reforms-transform-industry https://nairobileo.co.ke/business/article/30328/tea-farmers-earn-ksh187-billion-as-govt-reforms-transform-industry Kenya's tea industry has recorded significant gains under government reforms, with export earnings rising to Ksh186.9 billion in 2025. Tue, 22 Sep 2026 11:05:16 +0300 https://nairobileo.co.ke/business/article/30326/corporate-insurance-trident-and-kuscco-payments-delayed-further-details https://nairobileo.co.ke/business/article/30326/corporate-insurance-trident-and-kuscco-payments-delayed-further-details Payments to policyholders of Corporate Insurance Company Limited, Trident Insurance Company Limited and KUSCCO Mutual Assurance Company Limited have been delayed further. Tue, 22 Sep 2026 10:19:38 +0300