Business - News Light Kenya

M-PESA Celebrates 18 Years of Transformative Financial Innovation

Safaricom’s mobile financial service, M-PESA, marks its 18th anniversary, celebrating a legacy of innovation, inclusion, and empowerment across Africa. Since its launch in March 2007, M-PESA has grown to become a global financial technology giant, currently serving over 70 million customers in more than 170 countries. The platform has also expanded to accommodate over 55,000…

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Kenya, Uganda Launch AI-Powered App to Combat Cross-Border Counterfeits

Kenya and Uganda have unveiled a cutting-edge AI-powered application, the Bleep App, aimed at curbing the proliferation of counterfeit goods across their borders. Developed by Cypheme, the app was launched on Friday at the Anti-Counterfeit Authority (ACA) headquarters in Nairobi in collaboration with the Anti-Counterfeit Network (ACN) Uganda. ACA Executive Director Dr. Robi Mbugua Njoroge…

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Kenya Unveils APEX Platform, Unlocking Investment in 43 Special Economic Zones

Kenya has launched the American Property Export Exhibition (APEX) platform, signaling new investment opportunities within the country’s 43 Special Economic Zones (SEZs). APEX 2025 is the premier Global Property & Real Estate Exchange, designed to connect Kenyan and African real estate developers, policymakers, and investors with strategic partners and investors from the United States and…

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China-Kenya Trade Grows as Canton Fair Presents Opportunity to Bridge Deficit

China’s trade with Kenya continued its upward trajectory in December 2024, with exports reaching $904 million and imports standing at $20.5 million, resulting in a trade surplus of $884 million in favor of China. Year-over-year, China’s exports to Kenya rose by 18.1percent, an increase of $139 million, while imports from Kenya surged by 62.8percent, growing…

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Absa Bank Kenya Leads the Way in Workplace Gender Equality Ahead of International Women’s Day

As the world prepares to mark this year’s International Women’s Day, Absa Bank Kenya has reaffirmed its commitment to fostering diversity, equity, and inclusion by bringing together women in business and its employees to celebrate the strides made toward gender equality in the workplace. Themed #AccelerateAction, the event provided a platform for the bank to…

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Equity Bank Partners with Agri All Africa to Boost Rice Production in Tana River

Moses Nyabanda, Managing Director of Equity Bank Kenya, operates a combine harvester during a field visit to Agri All Africa rice Farm. Equity Bank Kenya has partnered with South Africa’s Agri All Africa in a large-scale rice farming initiative aimed at enhancing food security and reducing the country’s reliance on rice imports. The project, launched…

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Absa Bank Strengthens Leadership with Four Female Appointments, Boosting Gender Parity to 47%

Mwihaki Wachira as Director of Marketing and Corporate Affairs, Absa Bank Kenya has reinforced its commitment to diversity and inclusion by appointing four female directors to key leadership positions, a move that advances gender representation in senior management to over 47%. Absa Bank Kenya Plc, a part of pan-African leading lender Absa Group, is listed…

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Murkomen Commits to Strengthening DCI Operations and Security Efforts

Interior and National Administration Cabinet Secretary Kipchumba Murkomen on Thursday visited the Directorate of Criminal Investigations (DCI) headquarters in Nairobi, commending the agency for its role in enhancing national security. Murkomen highlighted the progress made by the DCI in crime investigations, particularly in tackling high-profile crimes such as terrorism and narcotics. During his visit, Murkomen…

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19,000 Fake Fertilizer Bags Seized in Nairobi Crackdown, Anti-Counterfeit Authority Sounds Alarm

The Anti-Counterfeit Authority (ACA), in collaboration with key enforcement agencies, has seized 19,000 counterfeit fertilizer bags in a major raid in Nairobi’s Kariokor area. The crackdown follows complaints from legitimate fertilizer manufacturers and trademark owners about the influx of fake agricultural inputs in the market. The operation comes at a crucial time as farmers prepare…

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