(NAIVASHA, KENYA) – Savings and Credit Cooperative Societies (SACCOs) in Kenya have been urged to develop and share technologies to reduce the cost of investing in financial systems individually and to improve access to cybersecurity expertise, software development and digital products. Cooperative Alliance of Kenya (CAK) Chief Executive Officer DanielContinue Reading
(NAIROBI, KENYA) – More than 500 East African chief executives, global business leaders and a delegation of more than 50 European investors are expected in Nairobi next week for the inaugural East Africa CEO and Investment Forum, as the region seeks to strengthen trade competitiveness and attract new investment. TheContinue Reading
(NAIROBI, KENYA) – Milk supplies have tightened across Kenya as a prolonged dry spell cuts dairy production, forcing some supermarkets and retail outlets to ration purchases. Formal sector milk intake fell from 88.89 million litres in May 2026 to 84.44 million litres in June, according to Kenya National Bureau ofContinue Reading
(NAIROBI, KENYA) – Emergency government spending in Kenya reached KES 364.24 billion over the four year period ending June 2026, according to official data published by the Office of the Controller of Budget. The figure amounts to approximately $2.82 billion based on current exchange rates. The disclosures reveal a sharpContinue Reading
(NAIROBI, KENYA) – The standard gauge railway recorded an operating profit of KES 3.2 billion ($24.9 million / £19.4 million) in the fiscal year 2025/26, the first time in nine years since it was launched in 2017. The result follows years of losses that had raised questions about the railway’sContinue Reading
(NAIROBI, KENYA) – Britam Holdings has cleared accumulated losses of KES 5.87 billion ($45.7 million / £35.6 million) from its balance sheet, opening the way for the resumption of dividend payments after a six year pause. The Nairobi Securities Exchange listed insurer said the reduction became effective on 7th SeptemberContinue Reading
(NAIROBI, KENYA) – Kenya Electricity Generating Company has cut its dividend payout by 16.7% as it directs more cash into plant and equipment to expand electricity generation and meet rising demand. Shareholders will receive KES 0.75 ($0.0058 / £0.0045) per share for the year ended June 2026, amounting to KESContinue Reading
(NAIROBI, KENYA) – At least 10 electric vehicle manufacturers, mostly from India and China, are preparing to enter Kenya after a shared battery swap provider launched its network in the country. The move is expected to increase competition in the growing electric mobility market. The firms include China’s Afrina Neopower,Continue Reading
(NAIROBI, KENYA) – Standard Chartered Bank Kenya has moved to take control of rental income from four properties linked to collapsed retailer Nakumatt Holdings as it steps up efforts to recover more than KES 1.9 billion ($14.8 million / £11.5 million) in unpaid loans. The bank has notified Nakumatt InvestmentsContinue Reading
(NAIROBI, KENYA) – The International Fund for Agricultural Development and Equity Group have launched a $200 million (KES 25.8 billion / £155.7 million) financing programme for smallholder farmers and rural businesses in East Africa. The initiative is designed to help them adapt to the effects of climate change. The AfricaContinue Reading
