Business
Business news, announcements, funding, reports, in-depth graphs and much more to help you understand the world better
- 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Kenya’s platform workers face legal uncertainty, lacking labour protections due to outdated laws amid rising algorithmic control and global reforms.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?
- News
Twiga Accused of Secretly Orchestrating Mass Layoffs and a Fake Liquidation Plan
Whistleblower alleges Twiga is laying off staff, hiding debts, and secretly relaunching under a new company to avoid obligations.
- Interesting Reads
The New Kings of African Commerce: Why Gen Z Now Dominates Spending
Gen Z now leads consumer spending across Africa, with Kenya’s youth driving rapid urban growth and shaping future economic patterns.
- Announcements
Ajua Reappoints Claire Munene as Chief Experience Officer to Drive Customer-Centric Innovation Across Africa
Ajua reappoints Claire Munene as Chief Experience Officer to lead its vision for customer-driven innovation across Africa.
- News
KRA Rolls Out eRITS to Digitize Rental Income Tax Compliance Across Kenya
KRA launches eRITS to automate rental income tax compliance and simplify taxation for landlords in Kenya.
- News
Stanbic Bank Launches Platform to Power Kenya-China Trade and Yuan Transactions
Stanbic Bank Kenya launches a trade platform to simplify and grow Kenya-China business relations through financing and Yuan payments.
