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2 weeks ago | 
businesstoday.co.ke | Kalu Mengo
World Bicycle Relief (WBR), the global non-profit dedicated to empowering underserved communities through the Power of Bicycles, has announced a partnership with Kakamega County to address rural mobility challenges through the deployment of 1,500 Buffalo Bicycles.
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1 month ago | 
businesstoday.co.ke | Kalu Mengo
As Africa’s digital ecosystem expands, countries are increasing efforts to protect data privacy through legal frameworks and enforcement mechanisms. A new report by Yellow Card, Africa’s leading stablecoin-based infrastructure platform, shows that as of 2025, 39 out of 55 African nations have enacted data protection laws, with 34 having additionally established data protection authorities.
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1 month ago | 
businesstoday.co.ke | Kalu Mengo
The Nairobi Securities Exchange has suspended trading in Bamburi Cement shares, effective 28th February 2025, after the company was acquired by a Tanzanian conglomerate. Bamburi Cement shares have been trading at the NSE since it was listed 55 years ago. Amsons Industries (K) Ltd in December 2024 successfully bought 96.54% of Bamburi Cement’s shares.
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Dec 9, 2024 | 
businesstoday.co.ke | Kalu Mengo
Kenyan fintech startup Leja has achieved remarkable growth, processing $2 billion (about Ksh250) in payments since launching its B2B payments service in Kenya earlier this year, through its Leja App. This milestone reflects a 30% month-over-month growth rate and a cumulative 300% increase in B2B transactions within a year.
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Nov 28, 2024 | 
businesstoday.co.ke | Kalu Mengo
Former employees of the Standard Group Plc have resorted to an unusual way to push their former employer to pay up: they are appealing to the public to show solidarity by boycotting products of the publicly listed media house. The former employees, estimated at more than 400 and laid off over the past few years, have been unsuccessfully pushing management to meet their side of the bargain it committed to when it sent them home.
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Nov 28, 2024 | 
businesstoday.co.ke | Kalu Mengo
The Board of Directors of NCBA Bank Kenya PLC has announced the appointment of Ms Rebecca M. Mbithi, a former CEO of Family Bank, as an Independent Non-Executive Director of NCBA Bank Kenya PLC with effect from 1st December, 2024.
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Nov 27, 2024 | 
businesstoday.co.ke | Kalu Mengo
Safaricom PLC has ventured into the money market business, as it continues to diversify its products away from telecommunication services. Safaricom Money Market fund subsidiary, Ziidi, has received a license from the Capital Markets Authority (CMA). CMA has licensed Ziidi MMF as a Collective Investment Scheme (CIS), catching most investors off-guard. It will be accessible through the MPESA-platform similar to the other Safaricom-backed Unit Trust Mali managed by Genghis Capital.
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Nov 26, 2024 | 
businesstoday.co.ke | Kalu Mengo
Kenya’s Ministry of ICT, Google, and other stake**lders today unveiled findings of “The Digital Opportunity of Kenya”, an independent report conducted by Public First. The report explores the transformative impact of digital technology on Kenya’s economy, revealing that Google‚Äôs products and services hel*** provide an esti***** $900 m***ion (about Ksh115 b***ion) of economic activity for businesses, nonprofits, publishers, creators, and developers in Kenya d****g 2023.
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Nov 25, 2024 | 
businesstoday.co.ke | Kalu Mengo
WPP ScanGroup PLC has yet again issued a profit warning for the financial year ending 31st December 2024, as the marketing and communications company struggles to make money in tough economic times. It says earnings for 2024 will be significantly lower than Ksh130 million recorded for 2023. Notably, last year’s Ksh130 million profit was also a drop from Ksh145.5 million recorded in 2022, which came after a profit warning issued in November 2023.
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Nov 21, 2024 | 
businesstoday.co.ke | Kalu Mengo
NCBA has signed a Memorandum of Understanding (MoU) with Xpress Money, a cross-border international payment solutions platform, to offer efficient remittance services to its diaspora customers. NCBA says this strategic partnership will provide its customers access to an affordable, reliable, secure, and convenient platform for sending and receiving money across Xpress Money’s global network, which includes over 185,000 partner locations in over 160 countries.
