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Corporate Initiatives and Launches in Kenya

Diamond Trust Bank (DTB) has reached a sustainability milestone by planting its one millionth tree as part of its "Much More Than Trees" initiative. This program aims to grow 10 million trees by 2030, contributing to Kenya's national environmental goals. In a separate development, startups from the Mastercard Foundation EdTech Fellowship in Kenya are urging for increased investment in education technology. The startups are seeking to expand their reach and address persistent funding gaps in Africa’s EdTech ecosystem. Meanwhile, Huawei has launched its new Watch GT6 and TXZ Tablet in Kenya, targeting the growing demand for smart wearables in East Africa.

DTB Marks Sustainability Milestone with the Planting of Its One Millionth Tree

DTB Marks Sustainability Milestone with the Planting of Its One Millionth Tree

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Startups call for sustained investment in EdTech amid funding gaps

Startups call for sustained investment in EdTech amid funding gaps

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China’s Huawei launches new wearable device in Kenya

China’s Huawei launches new wearable device in Kenya

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Latest Stories

DTB Marks Sustainability Milestone with the Planting of Its One Millionth Tree
business10h ago

DTB Marks Sustainability Milestone with the Planting of Its One Millionth Tree

Diamond Trust Bank (DTB) has reached a significant sustainability milestone, planting its one millionth tree as part of its ambitious "Much More Than Trees" initiative. The program aims to grow 10 million trees by 2030, contributing to Kenya's national environmental goals.

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Appeal Court sets December 10 hearing in affordable Housing Levy case
business15h ago

Appeal Court sets December 10 hearing in affordable Housing Levy case

The Kenya Court of Appeal has scheduled the hearing for two consolidated appeals challenging the Affordable Housing Levy for December 10, 2025, continuing a significant legal battle over the public finance measure.

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Startups call for sustained investment in EdTech amid funding gaps
business19h ago

Startups call for sustained investment in EdTech amid funding gaps

Startups from the Mastercard Foundation EdTech Fellowship in Kenya are urging increased investment in education technology to expand their reach, addressing persistent funding gaps in Africa’s EdTech ecosystem.

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China’s Huawei launches new wearable device in Kenya
business23h ago

China’s Huawei launches new wearable device in Kenya

Huawei has launched its new Watch GT6 and TXZ Tablet in Kenya, targeting the growing demand for smart wearables in East Africa.

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Graduate jobs under threat from AI, PwC boss says
business23h ago

Graduate jobs under threat from AI, PwC boss says

The growth of artificial intelligence (AI) is expected to reduce the hiring of entry-level graduates at firms like PwC, according to its global chairman Mohamed Kande. Despite this, PwC needs to hire hundreds of AI engineers but is struggling to find them.

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India’s largest conglomerate stops Russian oil imports amid global pressure
business23h ago

India’s largest conglomerate stops Russian oil imports amid global pressure

Reliance Industries, India’s largest conglomerate owned by billionaire Mukesh Ambani, has ceased importing Russian crude oil for its export-only refining unit in Jamnagar, Gujarat. This decision aligns with upcoming EU import bans and US sanctions, marking a significant shift in India's energy policy.

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Will Trump’s no-show eclipse South Africa’s G20 moment?
business22h ago

Will Trump’s no-show eclipse South Africa’s G20 moment?

South Africa's ambitious goals for its G20 presidency, focusing on issues vital to developing nations like cheaper borrowing and climate financing, face challenges due to the US President's absence and escalating tensions between the two countries.

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Swift at crossroads: Survival in the age of stablecoins
business1d ago

Swift at crossroads: Survival in the age of stablecoins

As Swift, the global interbank communication system, faces increasing pressure from advancements like stablecoins and blockchain technology, it is exploring integrating these innovations to ensure its future relevance. The article, penned by CEO and co-founder of Yellow Card Chris Maurice, argues that Swift's traditional intermediary role is challenged by new systems designed for direct value transfer, necessitating a fundamental transformation for survival.

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AU, partners launch continental network to harmonise veterinary medicine regulation
business2d ago

AU, partners launch continental network to harmonise veterinary medicine regulation

The African Union and its partners have launched a new continental network to harmonize the regulation of veterinary medicines, aiming to improve access to safe and effective products for livestock farmers across Africa.

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HP report urges Kenya to back global AI education charter
business1d ago

HP report urges Kenya to back global AI education charter

A new report from HP urges Kenya to adopt a mandatory Global AI in Education Charter to guide the safe and responsible use of artificial intelligence in learning institutions. This recommendation comes as AI rapidly becomes central to academic work, with over 60 percent of students globally using it daily for research.

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MCB extends financing package to Invictus Investment for Africa, Middle East expansion
business2d ago

MCB extends financing package to Invictus Investment for Africa, Middle East expansion

The Mauritius Commercial Bank Limited (MCB) has provided a structured financing package to Invictus Investment Company PLC to fuel its expansion across Africa and the Middle East.

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Regional subsidiaries help I&M posts Sh12.7bn in Q3
business2d ago

Regional subsidiaries help I&M posts Sh12.7bn in Q3

I&M Group reported a significant financial uplift, with profit after tax (PAT) reaching Sh12.7 billion in the third quarter of 2025, marking a 27% year-on-year increase. This growth was attributed to strong regional subsidiary performance and strategic digital advancements.

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IOE President: African enterprises must reskill to remain competitive on global stage
business2d ago

IOE President: African enterprises must reskill to remain competitive on global stage

Jacquiline Mugo, CEO of the Federation of Kenyan Employers (FKE) and representative for the International Organization of Employers (IOE), highlighted the urgent need for African enterprises to reskill their workforces to remain competitive globally. Speaking at the B20 Summit in Johannesburg, she stressed that outdated skills and low productivity threaten business sustainability and job creation for Africa's youth.

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Canon banks on East Africa creator economy with skills development programs
business2d ago

Canon banks on East Africa creator economy with skills development programs

Canon is investing in East Africa's burgeoning creator economy, launching skills development programs to help creators monetize digital content. This initiative aims to bridge skill gaps that currently limit creators from achieving sustainable income.

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Ruto Pitches Infrastructure Fund as Key to Financing Kenya’s Growth Without New Deb
business2d ago

Ruto Pitches Infrastructure Fund as Key to Financing Kenya’s Growth Without New Deb

President William Ruto announced the establishment of a new National Infrastructure Fund to revolutionize how Kenya finances its development projects, moving away from reliance on heavy borrowing and increased taxes. This fund, along with a Sovereign Wealth Fund, aims to attract diverse investments and protect the nation's long-term economic interests.

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Global business leaders submit 30 policy recommendations to G20 ahead of summit
business2d ago

Global business leaders submit 30 policy recommendations to G20 ahead of summit

Global business leaders have submitted 30 policy recommendations to the G20 ahead of its annual summit, focusing on critical areas such as Africa’s development, digital connectivity, and access to capital. These proposals aim to influence global economic priorities during the summit on November 22–23.

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NCBA’s Q3 net profit up 8.5pc to Sh16.4bn
business2d ago

NCBA’s Q3 net profit up 8.5pc to Sh16.4bn

NCBA Group PLC announced an 8.5 percent increase in its Q3 2025 net profit, reaching Sh16.4 billion. This growth was primarily driven by higher operating income and improved asset quality, with digital lending playing a significant role.

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Higher income grows KCB Group’s profit to Sh47.3bn
business2d ago

Higher income grows KCB Group’s profit to Sh47.3bn

KCB Group reported a significant surge in its profit after tax, reaching Sh47.3 billion for the first nine months ending September 2025, driven by strong growth across all business segments and effective cost control.

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DRC pushes regional integration to anchor stability in Great Lakes Region
business3d ago

DRC pushes regional integration to anchor stability in Great Lakes Region

The Democratic Republic of Congo (DRC) is advocating for deeper regional economic integration to achieve lasting peace and stability in the Great Lakes Region. This call was made during a High-Level Segment in Kinshasa, held alongside the 9th Summit of Heads of State and Government of the International Conference on the Great Lakes Region (ICGLR).

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It’s time for a revival of Kenya’s textile industry
business3d ago

It’s time for a revival of Kenya’s textile industry

Kenya's textile industry is poised for a significant revival after decades of decline, with a new policy aiming to re-establish it as a major economic pillar. Once a robust sector, it suffered from underinvestment and uncontrolled imports, but now presents a massive opportunity for import substitution and export growth.

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Women are shaping Africa’s agribusinesses
business2d ago

Women are shaping Africa’s agribusinesses

Women across Africa are increasingly dominating the processing, packaging, distribution, and food service sectors within agribusiness, driven by evolving diets and expanding urban centers. This shift highlights a significant economic transformation on the continent, with women taking on more prominent roles in off-farm agri-food systems.

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State of the economy: Can Ruto sell his story to a skeptical nation?
business2d ago

State of the economy: Can Ruto sell his story to a skeptical nation?

Kenya's President William Ruto is scheduled to address Parliament on Thursday regarding the State of the Nation, facing significant pressure over the country's economic performance, debt, and his bottom-up transformation agenda.

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Jambojet appoints Ayisi Makatiani as new Board Chairman
business2d ago

Jambojet appoints Ayisi Makatiani as new Board Chairman

Regional airline Jambojet has appointed Ayisi Makatiani, E.B.S., as its new Board Chairman, effective November 17, 2025. He replaces Vincent Rague, who served since December 2014.

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Equity Group CEO says strong subsidiaries to anchor Pan-African expansion
business3d ago

Equity Group CEO says strong subsidiaries to anchor Pan-African expansion

Equity Group CEO and Managing Director James Mwangi announced the bank's strategy to leverage its profitable subsidiaries for Pan-African expansion, aiming for operations in 15 countries by 2030.

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TVS Motor, Car & General open new Nairobi showroom
business3d ago

TVS Motor, Car & General open new Nairobi showroom

TVS Motor Company and its distributor, Car & General, have opened a new showroom in Nairobi, Kenya, on Lusaka Road. This expansion follows the recent launch of the TVS Apache RTR 180 motorcycle in the Kenyan market, aiming to deepen the company's presence in Africa.

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Sh90bn ordinary revenue shortfall costs KRA first quarter target
business3d ago

Sh90bn ordinary revenue shortfall costs KRA first quarter target

The Kenya Revenue Authority (KRA) missed its revenue target by Sh90 billion in the first quarter of the 2025/26 financial year, straining Kenya's fiscal operations and widening the deficit. All major tax heads underperformed, indicating structural challenges and the impact of recent policy changes.

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CMA sanctions ex–Chase Bank executives for breaches in Sh10bn bond issue
business3d ago

CMA sanctions ex–Chase Bank executives for breaches in Sh10bn bond issue

The Capital Markets Authority (CMA) has sanctioned former executives of Chase Bank Kenya Limited (in liquidation) with heavy fines and market bans for breaches related to the bank’s 2015 Sh10 billion medium-term note program. This enforcement follows an extensive inquiry into regulatory violations contributing to the bank's collapse in 2016.

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Vipingo Ridge named Africa’s Best Golf Real Estate Venue 2025 at the 12th World Golf Awards
business3d ago

Vipingo Ridge named Africa’s Best Golf Real Estate Venue 2025 at the 12th World Golf Awards

Vipingo Ridge in Kilifi County, Kenya, has been named Africa’s Best Golf Real Estate Venue 2025 for the second consecutive year at the 12th World Golf Awards held in Madeira, Portugal, reaffirming its status as a premier golf and lifestyle destination.

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No, telcos won’t take your DNA: Breaking down new SIM-registration regulations
business3d ago

No, telcos won’t take your DNA: Breaking down new SIM-registration regulations

New Kenyan SIM-card registration regulations have caused public concern due to an expanded legal definition including sensitive biometric data like DNA, despite telcos not being instructed to collect it. The regulations aim to curb identity theft and fraud, replacing the previous framework with stricter verification rules.

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KDC injects Sh500mn into Githunguri Dairy Cooperative to boost MSME financing
business4d ago

KDC injects Sh500mn into Githunguri Dairy Cooperative to boost MSME financing

The Kenya Development Corporation (KDC) has injected Sh500 million into Githunguri Dairy Cooperative Society (GDC) to boost financing for MSMEs under the World Bank-backed SAFER Programme. This initiative aims to expand access to long-term, affordable credit for investors and capital-intensive projects in Kenya.

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