Business News

The International Finance Corporation (IFC) has proposed a $50 million investment in the Adenia Entrepreneurial Fund I (AEF 1). Under this proposal, $30 million would be committed directly to the fund, while...

Kenya’s energy and transportation sectors are making strategic moves towards cleaner energy, which has brought major developments. This movement is highlighted by the growing interest in converting conventional vehicles to run on...

M-Pesa has partnered with Abu Dhabi–based ADI Foundation to launch blockchain infrastructure across eight African countries, including Kenya, the Democratic Republic of Congo, Egypt, Ethiopia, Ghana, Lesotho, Mozambique, and Tanzania. The partnership...

The quality of Kenyan banks' assets has improved significantly, as the number of default loans dropped for the first time in eight months. This drop in non-performing loans (NPLs), loans in which...

The Central Bank of Kenya (CBK) treasury bills auction for the first week of 2026 recorded strong subscription across all tenors, albeit lower than the last auction of 2025. The 91-day paper,...

The High Court challenge by a former EABL distributor of the sale of shares by Diageo to Asahi group carries significant strategic weight.

Multinational retailer Carrefour has announced a franchise and supply partnership with Queens Supermarket, making an entry into Ethiopia.

The Central Bank of Kenya has approved licenses for new Digital Credit Providers (DCPs) in three batches in 2025, with approvals granted in June, September and December. The most recent approval, which...

Listed integrated financial solutions provider HF Group PLC has posted an appreciation of 120.84% in its stock in 2025, becoming the top gainer across banking counters at the Nairobi Securities Exchange (NSE)...

Fintech company Montran has officially launched Montran Africa, a Kenya-based hub aimed at accelerating digital financial transformation and cross-border integration across the continent. The inauguration event, attended by stakeholders from central banks,...

On 17th December 2025, Diageo Plc announced an agreement to dispose its entire interest (65.00%) in East African Breweries Plc (EABL Plc) to Japanese beverage giant Asahi Group Holdings. Separately, through its...

Money Market Funds (MMFs) have continued to be Kenya’s most popular investment vehicles, as evidenced by their dominance in the Collective Investment Schemes (CIS) or unit trusts’ Assets Under Management (AUM). In...

This partnership by Stanbic and Safaricom demonstrates the power of regional collaboration in unlocking long term value. Standard Bank remains committed to enabling growth across the region through sustainable investment

Trading activity at the Nairobi Securities Exchange (NSE) went up significantly on Tuesday 9th December, with total turnover surging by 168% to reach KES 1.602 billion. The session's participation was predominantly domestic,...

Vodacom Group Limited, which currently owns a 40% stake in Safaricom PLC through Vodafone Kenya Limited, has proposed to purchase an additional 15% stake in Safaricom from the Government of Kenya (GoK)....

The Kenya Electricity Generating Company (KenGen) (NSE: KEGN) was on 1st December 2025, officially named as the owner and operator of Kenya's first nuclear power plant. This moves KenGen to the forefront...

Paramount Bank Kenya has exceeded the Central Bank of Kenya’s (CBK) minimum core capital requirement of KES 3 billion by December 2025 on the back of a successful rights issue that raised...

Paris-based development finance institution Proparco has completed an investment in Africa’s leading electric bus mobility company, BasiGo, a move that is set to accelerate the adoption of electric buses in East Africa....

KCB Bank Kenya has placed Showcase Properties Limited under receivership effective November 18, 2025, following the default of a loan of an undisclosed amount. The lender appointed Dhir Kamal Bhatt of Anant...

On November 18, 2025, the National Land Commission (NLC) has recommended Kakuzi Plc to surrender 3,200 acres as a final settlement on any historical land injustice claims against it. Kakuzi Plc, formerly...

Safaricom PLC has announced that the Capital Markets Authority of Kenya (CMA) has cleared the company to set up a KES 40B Medium Term Note (MTN) programme, allowing it to issue green,...

The Nairobi Securities Exchange (NSE) recorded mixed performance in Wednesday’s trading session (19th November 2025), with 24,596,952 shares traded across 4,039 deals, corresponding to a traded value of KES 1,029,425,760.26. Compared to...

The Central Bank of Kenya has announced the results of the buyback for the treasury bond issue No. FXD1/2023/003 dated 19/11/2025. The voluntary auction, which was just 6 months from the maturity...

Co-operative Bank of Kenya has recorded a 12.3% year-on-year growth in net profit to KES 21.6 billion for the nine months ended September 30, 2025. A key contributor to this performance was...

Vodacom Group, the parent company of Safaricom PLC, has firmly rejected the possibility of splitting its lucrative M-PESA fintech platform from its telecommunications unit and listing it separately on the stock market....

The Capital Markets Authority (CMA) has approved the exemption of Kalahari Cement Limited from a mandatory takeover for the proposed acquisition of shares in East African Portland Cement Plc (EAPC). The approval...

Gulf Energy Limited, the company that acquired Tullow Oil Plc’s assets through its subsidiary Auron Energy E&P Limited, has revealed plans to commence production next year. The move follows the completion of...

The Asset Under Management (AUM) in the pension industry grew by 12.22% from the period dated December 2024 to June 2025, according to a report by the Retirement Benefits Authority. The growth...

SBM Bank has announced a remarkable financial turnaround, posting a net profit of KES 283.41 million for the first nine months of 2025. This result marks a significant recovery from the KES...

The Local Content Bill 2025 is set to usher in a new dawn for foreign-incorporated companies operating in Kenya upon enactment. According to the bill, foreign companies will be required to source...

Listed packaging manufacturing firm Shri Krishana Overseas Plc’s new state-of-the-art facility in Kisaju, Kajiado County is set for completion by the end of this year. Phase I of operations is expected to...

Safaricom M-PESA wealth management fund Ziidi Money Market Fund (Ziidi MMF)  recorded remarkable growth in the first six months ended September 2025, driven by rising demand for digital investment solutions through the...

Safaricom Plc’s mobile money platform, M-PESA, recorded a total transaction value of KES 20.2 trillion in the six months ended September 2025, up 5.0% from KES 19.2 trillion in the same period...

According to the Stanbic Bank Kenya Purchasing Managers’ Index (PMI), business in the Kenyan private sector expanded in October 2025 recording the highest reading since February 2022 and a 1.2 percent increase...

The freeze on World Bank funding might force the Kenyan government to prioritize spending, delay infrastructure projects, or introduce new taxes.

  AXIAN Telecom, a Mauritius based telecommunication firm has finalized on the acquisition of 99.63 percent stake in Wananchi Group Holdings Limited. The acquisition as had earlier been announced by the COMESA...

The Capital Markets Authority (CMA) has approved four new licenses, a move that deepens Kenya’s capital markets and enhances transparency. Africa Logistics Properties Limited (ALP) received a license to operate as a...

Energy listed firm Kenya Electricity Generating Company (KenGen), in partnership with China’s Kaishan Group, has launched a geothermal-powered green fertilizer project, marking a major milestone in global decarbonization efforts. The Olkaria-based project...

East Africa's most valuable publicly traded company, Safaricom PLC, has partnered with Naivas Supermarket to avail 5G Home Internet devices across all Naivas outlets across the country. Safaricom's strategic partnership with Naivas...

The Sacco Societies Regulatory Authority (SASRA) has licensed a number of new Savings and Credit Cooperative Societies to operate in Kenya. This moves stamps SASRAs role as a regulatory body to expand...

Meta Platforms, Inc., (NASDAQ:META), the owner of WhatsApp, Instagram and Facebook Family of Apps (FoA), has picked Safaricom PLC (NSE:SCOM) as landing partner in the Daraja Fibre Optic Cable Project. Meta is...

Stanbic Bank Kenya and Stanbic Bank Uganda, both members of the Standard Bank Group, successfully closed a USD 45 million long-term funding package to support the expansion of two PepsiCo bottlers in...

Elsa Muzzolini, CEO of M-Pesa Ethiopia, described the integration with EthSwitch as a significant step toward a more connected and inclusive financial system.

According to Longhorn Publishers report, the management had reduced the operating cost by 20% in the review period but the company still recorded a loss of 35 million.

Absa Group subsidiary, Absa Bank Uganda, has signed an agreement to acquire Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business. The deal follows StanChart’s announcement last year that it was...

In Week 43 of 52, equity trading volume at the NSE totaled 134.4 million shares, up by 82% from 74 million shares traded in the previous week, bringing aggregate market turnover to...

Safaricom Plc, Kenya’s leading mobile network operator, marked its Silver Jubilee, celebrating 25 years of operation since its official launch on October 23, 2000, a journey characterized by growth, innovation and transformation. ...

Kenya Airways (KQ) and Qatar Airways (QR)  have launched new codeshare flights to 19 destinations following the signing of a Memorandum of Understanding (MoU) by the two airlines on July 1, 2025...

NCBA Group’s digital banking solutions provider, LOOP, and bolttech have launched LOOP FLEX, a Buy Now, Pay Later (BNPL) facility that provides Kenyan customers with flexible, accessible credit to improve their lifestyle. ...

The Competition Authority of Kenya (CAK) has approved a proposal issued by Bima Holdings limited seeking to acquire 100% of the issued share capital of Minet (Mauritius) Holdings limited, a company involved...

Energy and Petroleum Regulation Authority (EPRA) has released October’s fuel price review which saw the maximum pump prices for super petrol, diesel and kerosene remain unchanged. The new rates will take effect...

Global stock market indices provider Financial Times Stock Exchange (FTSE) Russell has upgraded Kenya’s Nairobi Securities Exchange (NSE) from Restricted to Pass on the Efficient Trading Mechanism category after the FTSE Equity...

East African Breweries PLC (EABL), plans to redeem its KES 11 billion Medium-Term Note earlier in exercise of its right of early redemption after approval by the Capital Markets Authority (CMA).  The...

Safaricom Telecommunications Ethiopia PLC (STE) recorded a 30.7% growth in total revenue in the first quarter of the FY26 to KES 3.0 billion, up from KES 2.3 billion in the first quarter...

The transfer of Sanlam General Insurance to Jubilee Allianz general insurance Limited, which is valued at KES 820.6 million, has been approved by the Insurance Regulatory Authority (IRA). This deal approves the...

September 2025 marks a month of notable achievement for the Kenya Revenue Authority (KRA) as their customs tax collections hit an outstanding record of KES 85.146 billion. This amount greatly exceeds the...

NCBA is currently the first financial institution in Kenya to have secured PCI DSS Version 4.0.1 on both NCBA Bank and Loop Cards.

CIC Asset Management has launched the CIC Global Balanced Special Fund, a medium to high-risk investment multi-asset strategy fund. The investment fund is set to invest in an array of asset classes...

Investment bank Kestrel Capital East Africa Limited (KCEAL) marked its 30th anniversary by announcing its acquisition by a group of eight investors under the holdings company, Theo Capital. Charles Field-Marsham, owner of...

Energy Petroleum Regulatory Authority (EPRA) reports that Nairobi region, Kenya’s major economic and industrial hub, continues to dominate electricity consumption, accounting for 43.8% of the country’s energy usage in the financial year...

Kenyan private businesses began to recover in September as the Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 51.9 from 49.4 in August and above the 50.0 neutral mark. This was...

Kenya’s energy sector, under the Energy and Petroleum Regulatory Authority's (EPRA) oversight, closed the financial year 2024/2025 on a high note, with electricity generation recording the strongest growth rate in three years....

Aquilastar Corporate Investment, with the support of a United Arab Emirates investor, has begun the construction of a KES 19.37 billion ($150million) Electric Vehicle (EV) assembly plant at Olkaria, Naivasha.  The plant...

Williamson Tea and Kapchorua Tea are demonstrating a resilient performance and strong cost management aligned with their strategic goals.

Tullow oil Plc has completed the sale of its Kenyan oil assets through its subsidiary, Tullow Overseas Holdings BV to Auron Energy E&P Limited, an affiliate of Gulf Energy Limited.  The move...

Asset financier Watu Africa posted a 67% growth in revenue to $230 million, equivalent to KES 29.7 billion in 2024 from $138.6 million recorded in 2023, underpinned by smartphone financing through its...

Kenya`s government, a major shareholer of Safaricom Plc is considering splitting the company into three firms to boost revenue. However, the plan has not yet been discussed with Safaricoms board. According to...

Umeme Limited, a dual listed company, saw its shares drop heavily by 71% to KES.6.94 as market closed on 23rd September at the Nairobi Securities Exchange (NSE). While the company`s shares were...

Monthly private sector lending by commercial banks soared by 328% to KES 10.7 billion in June 2025, up from KES 2.5 billion in the same month last year, primarily due to the...

Safaricom Mpesa has announced one of their major update this year. They have been able to launch a system that is designed to increase the amount of transactions by the company. This...

Listed regional lender, Diamond Trust Bank Kenya Limited (DTB), has accepted to sell its stake in its Burundi subsidiary, following the signing of a conditional Sale and Purchase Agreement (SPA) with a...

The Central Bank of Kenya (CBK) has established the Banking Sector Cybersecurity Operations Centre (BS-SOC), a centralized facility designed to protect the integrity of the financial system. According to a press release...

Increased investor participation in treasury bills has reduced the average time to maturity of the overall domestic debt, with both Treasury bonds and bills having a maturity of 7.4 years as of...

The Nairobi Securities Exchange (NSE), as of 18th September 2025, issued a notice that highlighted their move to increase initial margin requirements covering several single stocks and index futures, in a bid...

Uber has launched a new service in Kenya known as Uber safari. This is a move towards attracting Kenyan Tourism market. Uber intends to make an earning of $4 billion from the...

September 30th marks the expiration of the African Growth and Opportunity Act (AGOA), alarming African manufactures and stakeholders. As the deadline approaches, they are making the last resort to lobby the United...

Technology AI is becoming a threat to the banking sector by reducing the number of jobs available due to automaton of processes. A study by Bloomberg shows that about 200,000 banking jobs...

Commercial lenders have disbursed KES 153 billion to micro, small, and medium-sized businesses (MSMEs) so far in 2025, marginally surpassing the annual target of KES 150 billion set by the banking industry. ...

Subsidy withdrawal by the government has left many citizens exposed to higher costs of fuel, as the money set aside to buffer extreme fuel prices becomes expended. The government pulled back from...

Oil marketer, Rubis sold government bonds worth KES. 5.2Bn in the first half of the year period that ended in June 2025, an approach taken by most oil marketers to sustain their...

Power distributor, Umeme Limited, has issued a profit warning to its shareholders after recording a KES 6 billion loss for the period ended June 30, 2025, primarily driven by the natural end...

Investors' appetite for the 364-day Treasury bill in the fiscal year 2025/2026 has increased, mainly driven by higher yields compared to 182- and 91-day papers.  According to last week’s auction, the 364-day...

The Energy and petroleum regulatory authority (EPRA) has announced a marginal reduction in fuel prices following its latest monthly review released on Sunday, September 14. According to the new rates, which take...

Commercial lender, Equity Bank Kenya, has placed Nairobi's Eastland Hotel under receivership due to an undisclosed debt.  Receivership is a legal procedure in which a court or a secured creditor designates a...

The National Treasury has reversed course on arrangements to balance domestic and external borrowing after realizing how tough a hurdle it is to source financing from outside. The Exchequer set out to...

Apple has launched new Iphones, watches and  Pods on Tuesday 8, 2025.The items are expected to reach the market on September 19.The Iphone has four models including the Iphone 17 Air.This model...

UBA Kenya’s controlling firm, UBA Group PLC, has committed to investing $150 million or KES 19.3 billion in the Kenya roads bond, which aims to offset debts in the road construction sector...

Morgan Stanley Capital International (MSCI), a company that globally provides financial indices, during a recent market analysis, reported Nairobi Securities Exchange (NSE) as one of the best performing stock markets in terms...

After losing the 16-year pension arrears case, Standard Chartered Bank Kenya has asserted it has adequate financial reserves to settle the KES 7 billion payout.  The Supreme Court threw out the commercial lender's...

Regional lender, NCBA Group Plc, recorded a 12.6% growth in net profit in the first six months ended June 2025 to KES 11 billion from KES 9.8 billion in a similar period...

Listed Insurance service provider, Jubilee Holdings Limited, is set to receive KES 4.5 billion for the sale of general insurance stakes in Kenya, Uganda, Tanzania, and Mauritius to Sanlam Allianz Africa, a...

The Nairobi securities exchange (NSE), recorded significant dip in its inflows during the first week of September, compared to August’s record of inflows following foreign investor activity that highlights variation of cross...

Absa Gold Exchange Traded Fund (ETF) recorded a new all-time high price of KES 4,275 on the Nairobi Securities Exchange (NSE), supported by the increase in gold prices.   Gold prices hit new...

Nairobi Business ventures PLC posted 11% drop in its profit after tax from KES. 36.3million in 2024 to KES. 32.2million for the period that ended on march 31,2025. According to the results,...

Flame Tree Holdings Plc has announced its half-year results for 2025, demonstrating a resilient performance despite facing significant external challenges such as inflationary pressures, high finance costs, and delays in insurance recoveries.In...

Kenya Reinsurance Corporation Limited has announced its half year results in which it has reported a significant improvement in performance marked by reduction in foreign exchange losses and strong investment income. The...

The number of approved Digital Credit Providers (DCPs) is now at 153 after the Central Bank of Kenya (CBK) granted operating licenses to 27 more digital lenders as of September 2025, a...

The Kenya Bankers Association (KBA)  has thrown its weight behind the revised Risk-Based Credit Pricing Model (RBCPM) by the Central Bank of Kenya (CBK). The CBK rolled out the new model on...

Eleven small peer commercial banks are required to raise their core capital to KES 3 billion by the Central Bank of Kenya (CBK) by December 31, 2025. This is as a result...