The Nairobi Securities Exchange (NSE) ended the session on May 11, 2026, on a weaker footing, with the Nairobi All Share Index (NASI) shedding 0.7% to close at 208.20 points. This decline reversed momentum from the previous session, primarily driven...

Airtel Africa is investing Sh5.68 billion ($44 million) in Tatu City to construct what is expected to become East Africa’s largest hyperscale data center. As Africa’s digital economy accelerates, the battle for technological dominance is shifting beyond mobile towers to...

Telecommunications giant Safaricom Plc is increasingly positioning Ethiopia at the center of its long-term strategy as the company expands beyond its already established Kenyan market. According to the Company’s FY26 results, Safaricom Telecommunications Ethiopia continued to record strong growth in...

WPP Scangroup PLC is facing a high-stakes leadership crisis as minority shareholders, led by founder and former CEO Bharat Thakrar, have formally moved to oust the company’s current board of directors. The group, representing a combined 13.59% stake (58.7 million...

The Nairobi Securities Exchange (NSE) closed the week in the green territory, with the Nairobi All Share Index (NASI) rising 2.1% to 209.65 points from 205.34 points in the previous week. The rally was driven by gains recorded by large-cap...

Delays in the Kenyan government’s planned sale of its 15 percent stake in Safaricom to South Africa’s Vodacom, resulting from pending legal proceedings, are expected to yield the Treasury an unexpected gain of Sh16.1 billion in dividends. The government, through...

Oil prices surged on Monday following a warning from Israeli Prime Minister Benjamin Netanyahu that the confrontation with Iran remains “not over.” This statement has intensified concerns that hostilities in the Middle East may resume, thereby posing renewed threats to...

The Central Bank of Kenya (CBK) Treasury Bills auction was oversubscribed in the 19th week, bringing to an end a three-week streak of undersubscription. The auction attracted KES 29.42 billion against an offer of KES 24.00 billion, translating to an...

The Kenya National Bureau of Statistics (KNBS) and the Central Bank of Kenya (CBK) have joined forces for the 2026 Other Financial Corporations Survey (OFCs). While banks often dominate the headlines, this survey targets the other side of the financial...

Oil prices surged on Friday following an exchange of hostilities between the United States and Iran in the Strait of Hormuz. The confrontation escalated concerns that the already fragile ceasefire between the two nations is deteriorating, thereby threatening ongoing disruptions...

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 firm G42 stalled amid concerns over energy capacity...

Stanbic Bank Kenya has reported its financial results for the first quarter of 2026, showcasing a resilient performance with a notable 5.5% increase in net profit compared to the same period in 2025. Profits and revenue during the first quarter...