(NAIROBI, KENYA) – KCB Group will acquire a 22.23% stake in digital payments company Pesapal, according to a disclosure by Tanzania’s competition regulator. The Fair Competition Commission (FCC) revealed the stake size as it reviews the transaction, which was first announced by KCB in November 2025. The bank said atContinue Reading
(KENYA) – Safaricom has crossed the one million mark in fixed internet subscriptions, strengthening its position as Kenya’s largest provider as competition and demand for high-speed connectivity intensify. Data from the Communications Authority of Kenya (CA) shows the telco had 1.025 million fixed data and internet subscriptions by the endContinue Reading
(NAIROBI, KENYA) – Kenya’s central bank rejected KES 31.2 billion ($241 million / GBP 182 million) in bond offers in September’s second auction after investors demanded higher returns on inflation and Middle East war fears. The Central Bank of Kenya (CBK) was targeting KES 60 billion ($464 million / GBPContinue Reading
(NAIROBI, KENYA) – Kenyan startup Twiga Foods has entered administration amid financial turmoil, joining a group of 13 once promising ventures that have collapsed over the past five years after raising capital in excess of KES 93 billion ($719 million / GBP 532 million). The business failures, including that ofContinue Reading
(NAIROBI, KENYA) – The owners of Nairobi’s 14 Riverside complex want Kenya’s High Court to rule on whether a section of the Banking Act is unconstitutional for allowing interest on court-awarded debts to exceed the principal amount, exposing borrowers to disproportionate claims. Cape Holdings Limited and its directors are challengingContinue Reading
(KISUMU, KENYA) – President William Ruto has proposed renaming Kisumu International Airport after the late former prime minister Raila Odinga, with consultations already underway over the plan. Speaking during a media engagement at Kisumu State Lodge on Monday, 14th September, Ruto said he was engaging the Kisumu county government andContinue Reading
(NAIROBI, KENYA) – Nairobi will host the 2029 World Athletics Championships, a selection that promises significant economic benefits for Kenya through local business activity, construction, tourism and services before and during the event. Nairobi beat other rivals including Rome and London to become the first African city to stage theContinue Reading
(NAIROBI, KENYA) – The High Court has quashed the Government’s sale of its 15% stake in Safaricom to Vodacom Group after finding that material information regarding the transaction was concealed from the public. A three judge bench held that the deal, which was completed on 30th June, 2026, had beenContinue Reading
(NAIROBI, KENYA) – The Nairobi Securities Exchange (NSE) has shed KES 158 billion ($1.22 billion / GBP 967 million / EUR 1.13 billion) in investor wealth over the past week after the share prices of blue-chip firms retreated under pressure from investors keen to profit from the market rally throughContinue Reading
(NAIROBI, KENYA) – Kenya’s banking regulator plans to cap the expansion of the country’s largest banks, in a move aimed at reducing the risk of their collapse and the damage it would cause to the wider economy. The Central Bank of Kenya (CBK) said in new proposals that it willContinue Reading
