(NAIROBI, KENYA) – Record high crude oil tanker freight rates are building fresh pressure on fuel prices at the pump and household energy bills in Kenya as the fallout from the Middle East crisis widens. The cost of hiring oil tankers, known as maritime freight and charter rates, is aContinue Reading
(NAIROBI, KENYA) – The termination of major non-governmental organisation contracts by the United States government cut Kenya’s cash outflows by KES 25.3 billion ($196 million / £146 million) last year, according to new Central Bank of Kenya data. Money sent from Kenya to individuals and households abroad through licensed remittanceContinue Reading
(NAIROBI, KENYA) – Quickmart’s planned listing on the Nairobi Securities Exchange (NSE) will bring dividends back to the bourse’s commercial and services segment, widening options for income seeking investors. The supermarket chain said it will pay at least 80% of net profit as dividends after listing, joining a small groupContinue Reading
(NAIROBI, KENYA) – Kenyan supermarket chain Quickmart will sell up to a 57.5% stake through the Nairobi Securities Exchange (NSE), giving private equity firm Adenia and its founders a multi billion shilling partial exit. The owners, Sokoni Retail Kenya Limited (SRKL), will sell 2 billion shares equal to a 50%Continue Reading
(NAIROBI, KENYA) – Kenya Power’s chief executive officer Joseph Siror’s annual pay nearly doubled to KES 46.02 million ($355,400 / GBP 263,200) in the year ended June 2026, as the company rewarded its top executive for a third straight year of profits and higher dividends. Mr Siror’s payslip was boostedContinue Reading
(NAIROBI, KENYA) – Two new medicines for the treatment of Type 2 diabetes and obesity have been launched in Kenya, with health experts calling for greater emphasis on early diagnosis and preventive care as the burden of non communicable diseases continues to rise. Ozempic, used in the treatment of TypeContinue Reading
(NAIROBI, KENYA) – Healthcare professional associations have called for urgent measures to restore health services and clear patient backlogs following the end of the 43 day nurses’ strike. The associations welcomed the resolution of the industrial action following an agreement between the Kenya National Union of Nurses and Midwives andContinue Reading
(KAMPALA, UGANDA) – Workers moving between Kenya and Uganda could increasingly take their pension savings with them after the two countries’ social security funds set up a reciprocal arrangement for transferring accumulated balances. National Social Security Fund Uganda Managing Director Patrick Ayota said the Ugandan and Kenyan funds have establishedContinue Reading
(NAIROBI, KENYA) – Kenya’s competition watchdog has ordered East African Breweries Plc to reserve at least 20% of refrigerator space in retail outlets for rival brands, in a move expected to widen consumer choice and lower barriers for smaller beverage makers. The Competition Authority of Kenya attached the condition toContinue Reading
(MURANG’A, KENYA) – Farmers in Murang’a county have welcomed the extra reduction in fertilizer prices for a 50 kilogram bag through a government initiative under the National Cereals and Produce Board (NCPB). The farmers expressed joy for the reduced price, terming it a relief on financial burdens as they prepareContinue Reading
