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Business news highlights

Mobile money transactions growth hits 10-year record

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Business Daily | by John Mutua Mobile cash transactions are on course for the highest annual growth in a decade, highlighting the economic recovery and...

Twiga Foods expands to Rift Valley and Nyanza

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Kenyan Wall Street | by Eunniah Mbabazi Twiga Foods, which distributes fresh fruits and vegetables to retail vendors, Twiga Foods has expanded its operations to parts...
safaricom plc

Safaricom waives M-Pesa fees for Sh1bn drought funds

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Business Daily | by Kabui Mwangi Safaricom will wire Sh1 billion government funds to households in drought-stricken counties free of charge through its mobile money...

Owner of Nyama Mama restaurant missing amid Sh520m loan fraud claim

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Business Daily | by Sam Kiplagat The proprietor of a popular Nyama Mama restaurant has gone missing amid accusations of fraudulently obtaining over half-a-billion shillings...
avocado processing, export processing, agriculture

Kenya leads Africa in avocado exports in 2020

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Kenyan Wall Street | by Eunniah Mbabazi Kenya topped Africa’s avocado exports in 2020, and was among the world’s top 10 producers, with Murang’a leading with...
central bank of kenya cbk

End of Imperial Bank as CBK okays winding up

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Business Daily | by Otiato Guguyu The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the...

SBM Bank sends home more staff

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Business Daily | by Otiato Guguyu SBM Bank has sent home a number of employees in a mass layoff after failing to reach their targeted...

Kenya passes new law to police digital lenders, apps have six months to apply...

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Tech Cruch | by Annie Njanja In the past decade, numerous mobile lending apps have been launched in Kenya, riding on the growing need for...