(NAIROBI, KENYA) – Kenya has tightened oversight of transfer pricing, introducing stricter rules on how multinational companies price goods, services, loans and other transactions between related entities in a move aimed at curbing profit shifting and protecting local tax revenue. The gazetted Income Tax (Transfer Pricing) Rules, 2026 replace rulesContinue Reading
(NAIROBI, KENYA) – Kenya’s manufacturing sector remains stuck at about 8% of gross domestic product, well short of the government’s target of 15% by 2027 and 20% by 2030, as infrastructure gaps, low technology adoption and weak links between industry and research hold back growth. The government is now seekingContinue Reading
(NAIROBI, KENYA) – A UK government investment arm has bought KES 1.94 billion ($15 million) of shares in Quickmart’s initial public offering, deepening its holdings in Kenya’s capital markets. The Foreign, Commonwealth and Development Office (FCDO) said it will acquire a 6.5% stake in the retailer through MOBILIST, a UKContinue Reading
(NAIROBI, KENYA) – Kenyan electric mobility manufacturer Lunghou Teketeke Group is targeting dairy farmers with electric motorcycles and cargo tricycles that it says can cut milk transport costs by up to 80%, as high logistics expenses weigh on milk production economics. The company says farmers using petrol powered motorcycles spendContinue Reading
(DAR ES SALAAM, TANZANIA) – Tanzania’s Amsons Group has acquired the Tanzanian downstream business of Geneva-based Oryx Energies in a deal worth more than $230 million (KES 29.9 billion), giving the local conglomerate control of key fuel storage, retail and distribution assets in the country. The transaction transfers Oryx’s retailContinue Reading
(NAKURU, KENYA) – A land verification and validation exercise has begun in four sub-counties in Nakuru to confirm land ownership and speed up the issuance of title deeds. The exercise runs from 19th October to 29th October 2026 as part of the tenure regularisation process. It is being overseen byContinue Reading
(NAIROBI, KENYA) – South Africa’s Nedbank Group has completed the acquisition of a 66% controlling stake in NCBA Group, marking a major shift in ownership of one of East Africa’s largest banking groups. The transaction, announced on 19th October following receipt of the required regulatory approvals, makes NCBA a subsidiaryContinue Reading
(NAIROBI, KENYA) – Indian electric mobility firm SUN Mobility plans to double its Kenyan battery swapping network to about 70 stations and support more than 1,000 vehicles by the end of 2026, as it positions Kenya as its launchpad for expansion across East Africa. The company has established 35 batteryContinue Reading
(NAIROBI, KENYA) – Kenya’s President William Ruto has launched a campaign to strengthen his support in the Rift Valley, aiming to raise the number of registered voters from 5.4 million in 2022 to more than seven million before the 2027 general election. The move comes amid complaints among residents ofContinue Reading
(NAIROBI, KENYA) – The Independent Electoral and Boundaries Commission (IEBC) has been cleared to proceed with a KES 6.5 billion ($50.8 million) election technology tender after the Public Procurement Administrative Review Board (PPARB) dismissed a challenge by a losing bidder. The board also ordered Leading Edge Limited to pay theContinue Reading
