Business
Business news, announcements, funding, reports, in-depth graphs and much more to help you understand the world better
- Announcements
Workable Becomes First Co-Working Space in East and Central Africa to Receive IFC’s Global Green Building Certification
Workable becomes East and Central Africa’s first co-working space to receive IFC’s EDGE green certification for eco-friendly design.
- Announcements
Naivas Denies Claims of Selling Expired Products or Facing Store Closures
Naivas denies claims of selling expired products or store closures, confirms compliance, and plans legal action against misinformation spreaders.
- News
Omniretail, Deimos, Roam Lead 2025 List of Africa’s Fastest-Growing Companies
Kenya’s Roam and Serena Hotels rank among Africa’s fastest-growing companies of 2025, with Nigeria and South Africa dominating the Financial…
- Announcements
Samsung Acquires FläktGroup to Expand Its Global HVAC Business and Target Data Center Cooling
Samsung acquires HVAC leader FläktGroup for €1.5B to expand into data center cooling and industrial-grade climate control.
- News
Safaricom and iXAfrica Partner to Launch Kenya’s First AI-Ready Data Centre Infrastructure
Safaricom and iXAfrica launch Kenya’s first AI-ready data centre to power AI, cloud, and enterprise solutions across East Africa.
- Startups
BURN Secures USD 5 Million from ElectriFI to Expand Electric Cooking in Kenya
BURN secures USD 5 million from ElectriFI to scale electric cooking in Kenya, targeting 100K households with clean energy.
- News
Microsoft’s Latest Layoffs Affect 6,000 Workers as Long-Term Downsizing Trend Deepens
Microsoft is laying off 6,000 employees globally, continuing a pattern of restructuring to streamline operations and reduce management layers.
- News
Equity Group and AGF Announce USD 500 Million Framework to Accelerate MSME Financing Across Africa
Equity and AGF announce a USD 500M partnership to boost MSME financing, targeting women, youth, and green businesses.
- News
Safaricom FY25 Results Explained: M-PESA Growth Solid, Ethiopia Losses Deepen Despite Expansion
Safaricom’s FY25 revenue hit KES 388.7B, driven by M-PESA growth in Kenya, while Ethiopia posted heavy losses.
- News
Airtel Africa Reports Strong FY25 Growth, But Nigerian Currency Crisis Slashes Profits
Airtel Africa grew to 150M customers and $5.2B revenue, but FX losses from Nigeria halved its FY25 profits.
- Opinion
The Hidden Legal Battles of Kenya’s Glovo Riders, Uber Drivers, and Digital Moderators
Kenya’s platform workers face legal uncertainty, lacking labour protections due to outdated laws amid rising algorithmic control and global reforms.
- News
Kenya High Court Orders Worldcoin to Delete Biometric Data After Illegality Ruling
Kenya’s High Court rules Worldcoin acted illegally, orders biometric data deletion, setting major precedent amid global scrutiny and expansion.
- International
WTTC Launches ‘Together in Travel’ Initiative to Empower SMEs, with VFS Global as Founding Partner
WTTC launches Together in Travel to empower travel SMEs globally, with VFS Global as a Founding Partner.
- News
Kenya Shuts Down Gambling Ads and Illegal Betting Sites in Major Regulatory Sweep – But Here’s the Problem!
Kenya suspends gambling ads, blocks 50+ betting sites, and forms a multi-agency task force—but deeper regulatory questions remain.
- News
ZAUMU Launches Claiming to Solve Kenya’s Influencer Marketing Problems
ZAUMU Claims New Marketplace Will Fix Kenya's Influencer Economy — But Will It Work?
