The Online Kenyan

Business & Economy

Featured News Stories

Oil Prices Rise After US and Iran Exchange Fire in Hormuz Strait

Oil prices rose in Asia following an exchange of fire between the US and Iran in the vital Strait of Hormuz. Meanwhile, several companies are experiencing record profits from the conflict, with the impact on energy prices and market volatility creating significant financial gains for specific industries. Separately, Tanzania has seen a significant increase in its retail fuel prices, with the Energy and Water Utilities Regulatory Authority announcing new rates effective Wednesday amid global supply disruptions.

Oil prices rise after US and Iran exchange fire in Hormuz strait

Oil prices rise after US and Iran exchange fire in Hormuz strait

C

Capital Business•8h ago

📰 Read Full Story

The companies making billions from the Iran war

The companies making billions from the Iran war

C

Capital Business•6h ago

📰 Read Full Story

Tanzania raises retail fuel prices amid global supply disruptions

Tanzania raises retail fuel prices amid global supply disruptions

C

Capital Business•10h ago

📰 Read Full Story

Read full coverage →

Glovo to Invest Sh10bn in Kenya by 2030

Glovo has pledged to invest Sh10 billion in Kenya by 2030, signaling a significant expansion of its delivery services in the country. This announcement comes as Old Mutual Kenya launched a nationwide financial wellness campaign to assist small businesses and households in navigating persistent financial pressures. Additionally, Mastercard and Yellow Card are partnering to introduce stablecoin-based payment solutions across Eastern Europe, the Middle East, and Africa, including Kenya.

Glovo to invest Sh10bn in Kenya by 2030

Glovo to invest Sh10bn in Kenya by 2030

C

Capital Business•7h ago

📰 Read Full Story

Old Mutual launches financial wellness campaign for SMEs, households

Old Mutual launches financial wellness campaign for SMEs, households

C

Capital Business•3h ago

📰 Read Full Story

Mastercard, Yellow Card partner on stablecoin payments in Kenya, Africa

Mastercard, Yellow Card partner on stablecoin payments in Kenya, Africa

C

Capital Business•3h ago

📰 Read Full Story

Advertisement

Latest Stories

TikTok scales back AI-generated video descriptions after absurd errors

TikTok scales back AI-generated video descriptions after absurd errors

TikTok has rolled back its experimental AI-generated video descriptions after they produced a series of bizarre and inaccurate summaries for users in the US and the Philippines.

C

Capital Business

📰 Read Full Story

Old Mutual launches financial wellness campaign for SMEs, households

Old Mutual launches financial wellness campaign for SMEs, households

Old Mutual Kenya has launched a nationwide financial wellness campaign to assist small businesses and households in navigating persistent financial pressures.

C

Capital Business

📰 Read Full Story

Mastercard, Yellow Card partner on stablecoin payments in Kenya, Africa

Mastercard, Yellow Card partner on stablecoin payments in Kenya, Africa

Mastercard and Yellow Card are partnering to introduce stablecoin-based payment solutions across Eastern Europe, the Middle East, and Africa, including Kenya.

C

Capital Business

📰 Read Full Story

Treasury defends Meru fund stoppage amid rising Sh600mn legal compensation bill

Treasury defends Meru fund stoppage amid rising Sh600mn legal compensation bill

The National Treasury has halted transfers to Meru County due to a substantial legal compensation bill nearing Sh600 million, owed to a French investor.

C

Capital Business

📰 Read Full Story

Toyota net profit falls 19.2pc in FY 2025

Toyota net profit falls 19.2pc in FY 2025

Toyota Motor Corp. announced a significant drop in its net profit for fiscal year 2025, with higher United States tariffs impacting earnings.

C

Capital Business

📰 Read Full Story

Oil prices rise after US and Iran exchange fire in Hormuz strait

Oil prices rise after US and Iran exchange fire in Hormuz strait

Oil prices rose in Asia following an exchange of fire between the US and Iran in the vital Strait of Hormuz.

C

Capital Business

📰 Read Full Story

Glovo to invest Sh10bn in Kenya by 2030

Glovo to invest Sh10bn in Kenya by 2030

Glovo has pledged to invest Sh10 billion in Kenya by 2030, signaling a significant expansion of its delivery services in the country.

C

Capital Business

📰 Read Full Story

Japan’s real wages rise 1pc in March

Japan’s real wages rise 1pc in March

In March, Japan saw a 1 percent increase in its inflation-adjusted real wages compared to the previous year, driven by improved corporate profits and efforts to offer more competitive salaries.

C

Capital Business

📰 Read Full Story

Counties to receive Sh10.5bn Road Levy share under new funding proposal

Counties to receive Sh10.5bn Road Levy share under new funding proposal

The Ministry of Roads and Transport has proposed a new framework to allocate Sh10.5 billion from the Road Maintenance Levy Fund (RMLF) directly to county governments.

C

Capital Business

📰 Read Full Story

The companies making billions from the Iran war

The companies making billions from the Iran war

Amidst the global cost of the US-Iran war, several companies are experiencing record profits. The conflict's impact on energy prices and market volatility is creating significant financial gains for specific industries.

C

Capital Business

📰 Read Full Story

Tanzania raises retail fuel prices amid global supply disruptions

business10h ago

Tanzania raises retail fuel prices amid global supply disruptions

Tanzania has seen a significant increase in its retail fuel prices, with the Energy and Water Utilities Regulatory Authority (EWURA) announcing new rates effective Wednesday.

C

Capital Business

📰 Read Full Story

How Treasury diverted Sh7bn to French firms

business19h ago

How Treasury diverted Sh7bn to French firms

Kenya's National Treasury is under scrutiny for allegedly diverting Sh7.3 billion from the fuel levy to illegally compensate a consortium of French firms for a terminated road construction contract.

N

Nation Business

📰 Read Full Story

Livestock farmers push for ban on South African beef imports

Livestock farmers push for ban on South African beef imports

The Livestock Association of Kenya is urging the Kenyan government to ban beef imports from South Africa due to a severe outbreak of Foot and Mouth Disease (FMD).

C

Capital Business

📰 Read Full Story

Japan likely spends 10tn yen on suspected currency intervention

Japan likely spends 10tn yen on suspected currency intervention

Japan may have spent an additional 4 trillion yen (25.6 billion U.S. dollars) in suspected currency intervention this month, bringing the total to around 10 trillion yen spent to support the yen.

C

Capital Business

📰 Read Full Story

Emirates restores 96pc of global flight network

business20h ago

Emirates restores 96pc of global flight network

Emirates has reported a significant recovery of its global flight network, restoring 96 percent of its operations and reinforcing Dubai's role as a major aviation hub.

C

Capital Business

📰 Read Full Story

Court declines to stop Sh39.9mn Sauti Sacco payout in land dispute

Court declines to stop Sh39.9mn Sauti Sacco payout in land dispute

The Court of Appeal has refused to block the disbursement of Sh39.9 million by Sauti Sacco as compensation to nine land buyers involved in a title deed dispute.

C

Capital Business

📰 Read Full Story

U.S. private sector job creation beats expectations in April: data processing agency

U.S. private sector job creation beats expectations in April: data processing agency

U.S. private sector job creation in April surpassed economists' expectations, with 109,000 new jobs added, according to data from ADP. This figure marks the strongest job growth reported by the payroll processor since January of last year.

C

Capital Business

📰 Read Full Story

eCitizen service fees for transactions below Sh100 to be free

eCitizen service fees for transactions below Sh100 to be free

Kenya's National Treasury has proposed new regulations that could eliminate convenience fees for transactions below Sh100 on the eCitizen platform. This move aims to make government service payments more accessible.

C

Capital Business

📰 Read Full Story

Ted Turner, media mogul who revolutionised TV news by launching CNN, dies at 87

Ted Turner, media mogul who revolutionised TV news by launching CNN, dies at 87

Media mogul Ted Turner, the visionary who revolutionized television news by launching CNN as the first 24-hour rolling news channel, has passed away at the age of 87.

C

Capital Business

📰 Read Full Story

Govt to double eCitizen services fee to Sh100 in proposals

Govt to double eCitizen services fee to Sh100 in proposals

The Kenyan National Treasury has proposed new regulations that could significantly increase transaction fees on the eCitizen platform, potentially doubling the charges for certain government payments.

C

Capital Business

📰 Read Full Story

Safaricom profit jumps to Sh100bn on M-Pesa, data growth

Safaricom profit jumps to Sh100bn on M-Pesa, data growth

Safaricom has reported a significant surge in net profit, reaching Sh100 billion for the 2025/26 financial year, marking a 67.3 percent increase.

C

Capital Business

📰 Read Full Story

Gulf economies face long-term hit from Iran conflict

Gulf economies face long-term hit from Iran conflict

A recent conflict involving Iran has severely impacted Gulf economies, with an attack on Qatar's main LNG complex causing significant disruption and financial loss.

C

Capital Business

📰 Read Full Story

Shell profits rise as Iran war pushes oil prices higher

Shell profits rise as Iran war pushes oil prices higher

Oil giant Shell has reported a significant profit increase for the first quarter of the year, driven by elevated oil prices stemming from the Iran war.

C

Capital Business

📰 Read Full Story

Safaricom profits rocket by 67pc

Safaricom profits rocket by 67pc

Safaricom Plc announced a significant surge in profits, reporting a 67.3 percent increase in net profit to Sh99.7 billion for the year ended March 31, 2026. This remarkable growth has led to a proposed total dividend of Sh2 per share, a 66.7 percent increase from the previous year.

N

Nation Business

📰 Read Full Story

Kenya’s industrial growth slowed by weak infrastructure, skills gaps

Kenya’s industrial growth slowed by weak infrastructure, skills gaps

A new report by the Business Council for Africa reveals that Kenya's industrial growth is significantly hampered by inadequate infrastructure and a shortage of skilled labor. Despite strengths in digital finance, the nation lacks fundamental supports for manufacturing.

C

Capital Business

📰 Read Full Story

People urged not to cancel flights over fuel shortage fears

People urged not to cancel flights over fuel shortage fears

Holidaymakers are being reassured that flights to and from the UK are largely unaffected by soaring jet fuel prices, despite a global cut of 13,000 flights in May.

C

Capital Business

📰 Read Full Story

State to double e-Citizen convenience fee to Sh100

State to double e-Citizen convenience fee to Sh100

The Kenyan government plans to double the e-Citizen convenience fee, introducing a tiered system based on service cost, despite previous legal challenges and concerns raised by the Auditor-General.

N

Nation Business

📰 Read Full Story

State housing contractors bag Sh86bn super profits

State housing contractors bag Sh86bn super profits

Contractors involved in Kenya's Affordable Housing Programme (AHP) are projected to earn Sh86.5 billion in profits, a figure significantly higher than international standards for taxpayer-funded projects.

N

Nation Business

📰 Read Full Story

Fuel crisis hits as State defends higher sulphur imports

Fuel crisis hits as State defends higher sulphur imports

Kenya is experiencing a fuel crisis, with the Ministry of Energy and Petroleum attributing supply disruptions to technical and administrative issues, while defending the decision to reintroduce higher-sulphur fuel.

N

Nation Business

📰 Read Full Story

Kenya’s private sector activity drops for second time

Kenya’s private sector activity drops for second time

Kenya's private sector activity contracted for the second consecutive month in April, falling to 49.4 on the Purchasing Managers’ Index (PMI). This downturn was primarily driven by elevated operating costs stemming from high fuel prices and weakened consumer demand.

C

Capital Business

📰 Read Full Story