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Business news highlights

Social commerce platform Tushop set for Kenya growth after $3 million funding

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Tech Crunch | by Annie Njanja Tushop, a social-commerce platform in Kenya that enables the group buying of fast-moving consumer goods (FMCGs), is set for...

Gas, cooking oil, soap prices hit home budgets, March inflation

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Business Daily | by Charles Mwaniki The prices of essential items, including soap, cooking gas and cooking oil, have risen by up to a third...

Kenya receives Sh28.7b from World Bank to boost farmers

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People Daily | by Nicholas Waitathu World Bank has approved $250 million (Sh28.7 billion) credit to support 500,000 small-scale farmers in Kenya in 26 counties...
nairobi securities exchange bourse

Safaricom dividend pay pulls NSE to one-year low

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Business Daily | by Constant Munda Investors at the Nairobi Securities Exchange (NSE) lost Sh73.2 billion in a week and the value of the bourse...

HF narrows full-year net loss to Sh593.29 million

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Business Daily | by Elizabeth Kivuva House Finance Group has narrowed its net loss by 65.2 percent in the year to December 2021 supported by...
budget, treasury, public borrowing

Kenyan fintech Churpy raises $1 million to expand across Africa

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Tech Crunch | by Annie Nyanja Churpy, a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt,...

Safaricom launches Sharia-compliant five percent mobile loan

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Business Daily | by Edna Mwenda Safaricom has partnered with Gulf African Bank to introduce a Shariah-compliant mobile finance service that will see the bank earn...

KQ reverses pay cuts, gets Sh20bn bailout nod

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Business Daily | by Bonface Otieno Kenya Airways has reversed pay cuts in light of signs of business recovery and MPs approving a Sh20 billion bailout. The...