(NAIROBI, KENYA) – Kenya’s mobile money providers will be allowed to invest customer deposits in government securities and interest-bearing bank accounts under a new payments Bill, potentially generating significant returns from the KES 41.7 trillion ($329 billion / GBP 251 billion) moved through M-Pesa alone each year. The National PaymentsContinue Reading
(LAGOS, NIGERIA) – Dangote Group has opened talks with Nigeria’s securities regulator to increase the number of shares offered in its refinery initial public offering, as the issuance draws strong demand from retail and institutional investors. The IPO, Africa’s largest, seeks to raise KES 207.5 billion ($1.6 billion / GBPContinue Reading
(NAIROBI, KENYA) – Kenya’s High Court has rejected a petition to liquidate the Kenya Union of Savings and Credit Co-operatives (Kuscco) over an unpaid KES 108.8 million ($842,000 / GBP 648,000) debt, ruling that a co-operative society cannot be wound up under the Insolvency Act. The court found that Kuscco,Continue Reading
(NAIROBI, KENYA) – Shelter Afrique plans to raise $500 million (KES 64.83 billion / GBP 383 million) through a sustainability-linked bond for East Africa in the first quarter of 2027, with the largest portion to be listed on the Nairobi Securities Exchange. The pan-African housing development bank will issue theContinue Reading
(NAIROBI, KENYA) – Total Kenya has been ordered to pay KES 20.7 million ($160,000 / GBP 123,000) to a former dealer after the High Court found the oil marketer continued using his business name, tax identification number, telephone number and email address for about 230 days after their business relationshipContinue Reading
(NAIROBI, KENYA) – Kenyan sugarcane farmers earned an estimated KES 33.5 billion ($258 million / GBP 198 million) in the seven months to July as cane deliveries surged, boosting domestic sugar output and easing consumer prices. Farmers delivered 5.94 million tonnes of cane during the period, up from 4.12 millionContinue Reading
(NAIROBI, KENYA) – Kenyan travellers returning home have accused immigration officers at Jomo Kenyatta International Airport of demanding bribes of up to KES 5,000 ($38.5 / GBP 29.6) to move passengers ahead of long queues, as congestion overwhelms the country’s main international gateway. Multiple recent incidents have been reported inContinue Reading
(NAIROBI, KENYA) – The government’s move to clear contractor bills and restart road projects has helped drive up new vehicle sales in the country, as eight month uptake hit a new high. Kenya Motor Industry Association (KMIA) industry data for August 2026, released yesterday, indicates new units sold in theContinue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has raised alarm over a sharp rise in regulatory breaches by local lenders after 35 commercial banks were found to have broken the Banking Act and Central Bank of Kenya (CBK) prudential guidelines in 2025. This is a 318% increase in nonContinue Reading
(NAIROBI, KENYA) – Kenya could reintroduce the motor vehicle tax in a different form from the contentious 2024 proposal, where the levy was based mainly on road use. Tax lobby groups are now proposing that cars be treated as an indicator of wealth. The proposal by Oxfam Kenya and theContinue Reading
