(NAIROBI, KENYA) – More than 5,000 delegates from 50 countries have gathered in Nairobi for the Africa Commerce and Industry Summit (ACIS) 2026, aimed at strengthening continental trade, attracting investment and accelerating economic integration. The three day summit, convened by the Kenya National Chamber of Commerce and Industry (KNCCI), openedContinue Reading
(NAIROBI, KENYA) – Telposta Pension Scheme sold shares worth KES 361.28 million ($2.8 million) in 11 Nairobi Securities Exchange listed firms in the financial year ended June 2026 to settle retiree obligations and fund property renovations. The disposals represented a 41 fold increase from the KES 8.78 million ($67,900) worthContinue Reading
(NAIROBI, KENYA) – Kenya’s insurance regulator and Kenya Re have differed over a regulatory filing showing the reinsurer bought a KES 3.39 billion ($26.2 million) stake in collapsed Athi River Mining Cement, raising questions over the identity of the listed transaction. The filings from the Insurance Regulatory Authority for theContinue Reading
(NAIROBI, KENYA) – Kenya will increase its stake in the proposed KES 2 trillion ($15.4 billion / GBP 11.9 billion) Dangote refinery in Lamu beyond the 10% it has been allocated if other East African countries decline to take up their share, National Treasury Cabinet Secretary John Mbadi has said.Continue Reading
(NAIROBI, KENYA) – Kenya’s banking regulator has proposed new rules requiring lenders to seek approval before transferring business, assets or liabilities between subsidiaries within a banking group. The Central Bank of Kenya (CBK) published draft prudential guidelines to govern hive-down transactions, where a bank moves a business unit, assets, liabilitiesContinue Reading
(NAIROBI, KENYA) – Banks and payment platforms such as M-Pesa and Airtel Money will be required to share customer data among themselves and licensed third parties under a new Bill, ushering in open banking in Kenya. The Treasury and the Central Bank of Kenya (CBK) have jointly prepared the BillContinue Reading
(NAIROBI, KENYA) – The number of Kenyan bank accounts holding more than KES500,000 ($3,870 / GBP2,870) rose by 5.7% last year, fresh central bank data shows, as top earners and firms increased their savings amid widening income inequality. The Central Bank of Kenya (CBK) data shows high value accounts roseContinue Reading
(FORT PORTAL, UGANDA) – There is no published net worth for Edward Rukidi Nyabongo I, the new Omukama of Uganda’s Tooro Kingdom. He spent most of his adult life earning a salary as a television news anchor, not managing a royal treasury. But the throne he is inheriting comes withContinue Reading
Land, Lawsuits And Legacy: The Financial Life Of Uganda’s Queen Mother (FORT PORTAL, UGANDA) – There is no official, audited net worth statement for Best Kemigisa, the Queen Mother of Uganda’s Tooro Kingdom. She is not listed on any stock exchange and neither does she file public accounts. But herContinue Reading
(NAIROBI, KENYA) – Insurance regulators across East Africa have agreed to standardise the supervision of insurance companies, a move aimed at making it easier to compare underwriting practices and strengthen oversight of the region’s growing insurance market. The agreement was reached by commissioners and insurance supervisors from several East AfricanContinue Reading
