Business News

Kenya’s ambition to position itself as Africa’s leading technology hub has encountered a significant setback after plans for a proposed $1 billion hyperscale data center backed by Microsoft and UAE-based artificial intelligence...

Safaricom PLC continues to deepen its reliance on mobile financial services, with M-PESA now contributing nearly half of the Group's service revenue. According to the telco’s FY26 results, M-PESA accounted for 44.1%...

I&M Bank Kenya has disclosed plans to use part of its proceeds from its corporate bond to settle its dollar denominated debt. The lender has earmarked KES 6.5 billion to fully settle...

The Kenya Power and Lighting Company (KPLC) has secured a new loan from the World Bank to support the Kenya Off-Grid Solar Access Project (KOSAP). This latest initiative focuses on the large-scale...

The era of relative price stability in Kenya came to an abrupt halt in April 2026, as a sudden surge in global and domestic costs created a sharp pinch for households. According...

The Board of Directors of WPP Scangroup PLC has released its report for the fiscal year ended December 31, 2025. As a leading integrated marketing and communications group in Africa, the board...

Kenya’s leading Shariah-compliant lender, Gulf African Bank has announced changes in its shareholding structure following the completion of acquisitions of significant stakes by Soren Investment Company and Auron Holdings. Soren Investment acquired...

The Kenya Pipeline Company (KPC) has officially transitioned from a state-owned enterprise to a publicly traded commercial entity. On April 22, 2026, the Cabinet Secretary for the National Treasury, John Mbadi, formally...

The Board of Directors of The Co-operative Bank of Kenya Limited has announced a significant corporate reorganization that will see the institution transition into a Non-Operating Holding Company (NOHC). This move will...

The Kenya Industrial Property Institute (KIPI), in collaboration with the World Intellectual Property Organization (WIPO), has launched an online patent filing system, making Kenya the second African nation to digitise this process...

Crude oil prices experienced a significant increase on Sunday, driven by heightened tensions between the United States and Iran, as both nations appeared to edge closer to renewed military conflict following a...

The Kenya Deposit Insurance Corporation (KDIC) has initiated a comprehensive public participation exercise to gather stakeholder input on three reforms aimed at strengthening the country's financial safety net. These proposed changes include...

The Energy and Petroleum Regulatory Authority (EPRA) has implemented a significant price hike, pushing the cost of essential fuels past the KES 200 mark for the first time since 2024. Effective from...

The Policyholders Compensation Fund (PCF) has officially initiated the payment of compensation to individuals with valid claims against Trident Insurance Company Limited. To facilitate a streamlined process, the fund has launched a...

The East African Portland Cement Company (EAPC) has announced a major shake-up of its Board of Directors following the exit of the National Social Security Fund (NSSF), which has fully divested its...

The Kenya Pipeline Company (KPC) is currently facing a growing financial and legal crisis linked to a KES63 billion pipeline contract, a disputed loan arrangement, and multiple legal claims that could significantly...

As at the close of the third quarter of the 2025/2026 financial year, the Kenya Revenue Authority had collected taxes amounting to KES 2.038 trillion against a KES 2.122 target. The tax...

Kenya’s private sector experienced a clear cooling trend in March 2026, with business conditions deteriorating for the first time since August 2025. The headline Purchasing Managers’ Index (PMI) dropped to 47.7, down...

President William Ruto has officially appointed the Governing Council of the newly established National Infrastructure Fund (NIF). This move follows the enactment of the National Infrastructure Fund Act, 2026, and marks the...

The Africa Mega Agri Corp (AMAC), (NSE:AMAC, +67% YTD), through its commodities exchange platform AMAC COMEX, has entered into a partnership with The Grain Council of Uganda (TGCU). This strategic move is...

BK Group PLC (NSE: BKG, +5.4% YTD) has officially announced a substantial dividend payout for the financial year ended December 31, 2025, signaling a period of robust financial performance and a heightened...

The Communications and Multimedia Appeals Tribunal has authorized the Communications Authority of Kenya (CA) to revoke six broadcasting licenses belonging to the Standard Media Group. The decision was delivered on March 27,...

Tier II lender Sidian Bank has officially appointed John Okulo as its new Managing Director and Chief Executive Officer. John Okulo is a seasoned veteran from KCB Bank, and will succeed Chege...

In the fiscal year ended 31st December 2025, NCBA Group (NSE: NCBA) asset base expanded by 7.5% year-on-year surpassing the KES 700B mark to KES 716B, driven by growth in deposits and...

Kenya Mortgage Refinancing Company Plc (KMRC) has released its audited financial statements for the fiscal year ended December 31, 2025. The results showed a balance sheet expansion tempered by a decline in...

National carrier Kenya Airways (NSE: KQ) slipped back to losses in FY2025, recording a net loss of KES 17.9 billion for the period under review. In FY2024, the airline posted a net...

The Central Bank of Kenya (CBK) has announced a switch auction designed to migrate KES 20 billion in liabilities from a nearing-maturity Treasury bond to a longer-dated instrument. This voluntary transaction aims...

The World Bank Group has announced a 21-month debarment of three PricewaterhouseCoopers (PwC) entities: PwC Associates Africa Ltd. (Mauritius), PwC Kenya, and PwC Rwanda. This sanction comes from collusive and fraudulent practices...

Equity Group Holdings Plc has reported record-breaking financial results for the 2025 fiscal year, marking what can be described as a historic milestone in Kenya’s corporate sector. This growth was driven by...

The Central Bank of Kenya (CBK) has successfully concluded a strategic switch auction, facilitating the migration of KES 18.40 billion from a nearing-maturity Treasury bond to a longer-dated security. The auction, which...

The Kenyan Collective Investment Scheme (CIS) sector has reached a great milestone, with total Assets Under Management (AUM) surging to KES. 756.2 billion as of December 31, 2025. This represents a 11.3%...

Despite the rise of alternative investment vehicles, the Money Market Fund (MMF) remains the undisputed lead of the Kenyan Collective Investment Scheme landscape. As of December 31, 2025, MMFs managed KES. 423.7...

In Week,11 of 52 (2026), Kenya's tier 1 lenders listed at the Nairobi Securities Exchange (NSE) KCB Group and Stanbic Holdings released their set of FY 2025 financial results. KCB Group reported...

The Central Bank of Kenya (CBK) has successfully raised KES 60.99 billion through the re-opening of two long-term Treasury bonds, exceeding its initial target of KES 60 billion. The auction was concluded...

The Insurance Regulatory Authority (IRA) has taken decisive action by placing three insurance providers under statutory management, effective March 10, 2026. This regulatory intervention affects Trident Insurance Company Limited, Corporate Insurance Company...

The Insurance Regulatory Authority (IRA) has officially placed KUSCCO Mutual Assurance Limited under statutory management, effective March 10, 2026. This drastic measure, announced by the Insurance Commissioner, was taken to protect the...

Jubilee Holdings Limited (NSE: $JUB) is set to sell its iconic office building in Nairobi’s central business district, with the price tag estimated at around KES 2 billion. The move is part...

The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) dropped for the third consecutive month, falling to 50.4 in February from 51.9 in January. The Kenyan private sector narrowly avoided a total contraction...

Jomo Kenyatta International Airport (JKIA), Kenya’s international gateway and a critical regional aviation hub, is set for a massive transformation. As the hub for Kenya Airways (KQ) and a major transit hub...

The Central Depository & Settlement Corporation (CDSC) has proposed revised rates for equity and bond transactions, this will impact the cost of trading and the operational landscape for market intermediaries. These changes,...

Uchumi Supermarket Limited (NSE: $UCHM) is currently at the center of one of the most dramatic and volatile turnarounds in Nairobi Securities Exchange (NSE) history. After decades of financial distress, the struggling...

The Central Bank of Kenya (CBK) has invited bids for the re-opening of two long-term fixed-coupon Treasury bonds for the month of March 2026. The government is seeking to raise a total...

  The government of Kenya has successfully priced a new dual-tranche Eurobond issuance totaling $2.25 billion. This move, which has seen a high demand from international investors, is part of a strategic...

MTN Group Limited has entered into an agreement to acquire the remaining 75.3% stake in IHS Holding Limited (IHS Towers) that it does not already own. The deal was announced on February...

Kenya has officially launched the Kenya National Carbon Registry (KNCR) in February 2026 - a digital platform that will be managed by the National Environment Management Authority (NEMA), and it serves as...

International Finance Corporation (IFC) is presently evaluating a substantial equity investment of $5 million in Arc Ride Limited (ARC Ride), an e-mobility startup with its main operations centered in Kenya. This planned...

President Dr. William Ruto presided over the official launch of Safaricom’s Ziidi Trader on Tuesday, February 10, 2026. This new platform, integrated directly into M-PESA, aims to transform the Nairobi Securities Exchange...

MTN Group Limited has entered discussions to acquire 75% stake in IHS Holding Limited (IHS Towers). On February 5, 2026, both companies confirmed that non-binding talks are ongoing regarding a potential full...

Kenya Tea Development Agency (KTDA) factory boards for Region Five, encompassing Kericho and Bomet counties, have resolved to maintain the current monthly payment rate at KES 23 per kilogram of green tea...

The Kenya Bankers association has proposed a uniform 5% reduction in PAYE rates across all existing tax bands. This follows Treasury Cabinet Secretary (CS) John Mbadi’s recently announced a plan to give...

In late January 2026, KOKO Networks, once hailed as a global model for climate-focused innovation, abruptly shut down its operations. The company's collapse marks a significant setback for Kenya's environmental goals and...

Fitch Ratings issued a rating commentary on Kenya, affirming the country's long-term foreign-currency issuer default rating at 'B-', outlook Stable. In this rating action, Fitch cited robust foreign exchange reserves in the...

The Kenya National Bureau of Statistics (KNBS) latest report shows the annual consumer price inflation was 4.4 percent in January 2026. This represents a slight drop from the 4.5 percent recorded in...

Kenya's external debt structure has had a reduction in the average time to maturity and grace period for new borrowings. According to recent data from the National Treasury, the average maturity of...

In a collaborative effort to bolster trade, the Kenya Revenue Authority (KRA) and the Kenya Ports Authority (KPA) have launched several joint reforms with the aim of decongesting the Port of Mombasa...

The National Social Security Fund (NSSF) has reported its strongest financial performance on record in the fiscal year ended 30th June 2025 mainly driven by the phased implementation of the NSSF Act...

The Central Bank of Kenya (CBK) has issued a prospectus for the re-opening of two long-term fixed-coupon Treasury bonds: 15-year and a 25-year papers with 8.4 years and 17.3 years to maturity,...

The Treasury Bond switch auction dated January 21, 2026, successfully migrated debt from the shorter-term source security (FXD1/2016/010) into a longer-term destination bond (FXD1/2022/015), which has a remaining tenor of 11.3 years...

In a landmark move for the Jomo Kenyatta International Airport (JKIA) and Kenya’s aviation sector, the Competition Authority of Kenya (CAK) has officially cleared the way for Çelebi Cargo GmbH to acquire...

Uchumi Supermarket has reopened two of its key branches the Langata Hyper and Unicity stores, which serves as notable indicators of Uchumi’s recovery and its potential impact on its stock price. Uchumi...

The National Treasury officially launched an offer for sale of 11.81 billion shares of the Kenya Pipeline Company (KPC) on Monday, 19th January 2026, seeking to raise KES 106.3 billion. The 11.81...

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.