business
Rwanda has demanded the UK pay more than £100m over the failed migrant deportation deal which Sir Keir Starmer scrapped in 2024 when Labour came to power. Sky News reports During a hearing at The Hague-based Permanent Court of Arbitration, the East African country claimed Britain owed the money under the agreement which was struck…
Co-op Bank of Kenya Limited (Co-op Bank) has successfully gone live with Acumen.plus, its internationally acclaimed Treasury Management solution. This milestone marks the culmination of a strategic partnership aimed at optimising and streamlining the bank’s treasury operations through full automation and regulatory compliance. Founded in 1965, Co-op Bank is the second-largest local bank in Kenya by…
Eleven Kenyan companies have been named in the Financial Times’ annual list of the fastest growing companies in Africa, led by Cooperative Bank, M-Kopa, Quickmart Supermarket and KCB Group. Online-business news platform Pesa Wall reports The annual ranking, compiled by the Financial Times in partnership with research firm Statista, ranked companies based on compound annual…
Cooperative Bank, M-Kopa, Quickmart Supermarket and KCB Bank are among 11 Kenyan firms placed on the Financial Times’ Africa’s Fastest-Growing companies. Others are agricultural producer Victory Farms, manufacturing firm Roam Electric, hospitality group Serena Hotels, and IT companies Impax Business Solutions and Pan African IX Data. The 2025 list underlines the country’s continued strength as…
Co-operative Bank has introduced a new short-term loan that will enable customers to complete transactions when their funds are depleted. The new loan, dubbed the Kamilisha Transaction, is aimed at ensuring customers are not stuck while offering convenience and flexible terms. With the Kamilisha Transaction, a customer will get an overdraft of up to Ksh100,000….
On Wednesday, the club will begin their league title defence against Ulinzi Stars FC, having missed the opening two rounds due to continental commitments Reigning FKF Premier League champions Kenya Police FC have been handed a huge financial boost after landing a Kshs 25 million sponsorship from the Co-operative Bank of Kenya. The Law Enforcers,…
Senegal scrapped R&B singer Akon’s plans for a multibillion-dollar city development on the country’s Atlantic Coast, and opted for a scaled-back project in the debt-stricken country that will rely on private funding. Bloomberg Reports Most of the land previously set aside for a futuristic “Akon City” is back under state control after the artist failed…
The Ethics and Anti-Corruption Commission (EACC) has named counties with the highest share of national bribes. In a report released on August 5, 2025, EACC stated the largest share of national bribes was paid in Uasin-Gishu County (11.12%), followed by Baringo (6.94%), Embu (5.54%), Homabay (5.32%), and Bomet (5.01%) counties. “The largest share of national bribes…
For years, Kenneth Harris yearned for a place where his dark skin was a mark of shared heritage, not suspicion. Two years ago, the 38-year-old retired veteran found that solace in Kenya, buying a one-way ticket from Atlanta. Now based in Nairobi, Mr Harris has established an Airbnb business and found a vibrant community. He…
The Co-operative Bank of Kenya has invested Ksh1.2 billion in the tea sector, days after the bank joined the list of the top 25 largest banks in Africa as Kenyan lenders recorded the fastest growth in the continent, according to The Financial Times. Co-op Bank reaffirmed its leadership in agricultural finance by backing the tea industry…