(NAIROBI, KENYA) – Juja based exporter of avocados and herbs Karakuta Fresh Produce has sought regulatory approval to list on the Nairobi Securities Exchange (NSE) in a move that will expand the agricultural segment of the market. In its application to the NSE and the Capital Markets Authority (CMA), KarakutaContinue Reading
(NAIROBI, KENYA) – A fraudulent investment scheme that froze millions of shillings of Kenyan investors’ cash in 2025 was run by the same person behind the recently collapsed Quant Vest Stock Exchange (QVSE), the Business Daily has established. The earlier scheme, known as PCEX, operated under the banner of GlobalContinue Reading
(NAIROBI, KENYA) – A former associate has sued Rock Investment Bank for KES 137.2 million ($1.06 million / GBP 803,000) in commission tied to the firm’s advisory role on the Kenya Pipeline Company initial public offering in March 2026. The government raised KES 106 billion ($818 million / GBP 620Continue Reading
(NAIROBI, KENYA) – South Africa’s Vodacom Group will appeal and seek a stay order to keep its majority ownership of Safaricom after Kenya’s High Court nullified its purchase of an extra 20% stake in the telecoms operator on 30th June 2026. The court ruled on Tuesday that the National TreasuryContinue Reading
(NAIROBI, KENYA) – A dispute between former shareholders and business partners of Savannah Cement over a contested KES 4.5 billion ($34.8 million / GBP 25.7 million) bank loan has moved to Kenya’s Court of Appeal. Savannah Heights Limited and businessman John Gachanga Kaiganaine have challenged a High Court decision thatContinue Reading
(NAIROBI, KENYA) – A bitter family dispute has ended with two children of a former Kenyan Cabinet minister being declared bankrupt over KES 4.83 million ($37,400 / GBP 27,700) in unpaid legal fees tied to their father’s KES 250 million ($1.9 million / GBP 1.4 million) estate. The High CourtContinue Reading
(NAIROBI, KENYA) – Centum has disclosed in its latest annual report that businessman Mr Kimani increased his holding from 69.4 million shares, equivalent to a 10.43% stake at the end of March 2025, to 76.59 million shares in the review period. The additional shares are currently valued at KES 133.38Continue Reading
(NAIROBI, KENYA) – Kenya could attract up to $600 million (KES 77.5 billion / GBP 474 million) in new investments from American companies over the next year, as US firms deepen their interest in the country as a gateway to the East African market. The investment pledges were announced duringContinue Reading
(MURANG’A, KENYA) – The government has challenged avocado processors operating in Murang’a County to stop treating waste as a burden and instead turn it into a source of jobs, income and new business opportunities. Environment, Climate Change and Forestry Cabinet Secretary Dr Deborah Barasa said avocado waste could be convertedContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Authority has warned the public against investing in 15 funds it says are operating illegally in the country, including two schemes that have drawn thousands of Kenyans in recent months. The regulator named Global Investment Group and Quant Vest Stock Exchange among the unlicensedContinue Reading
