(NAIROBI, KENYA) – Kenya is moving to borrow KES 38.74 billion ($300.1 million / £237.4 million / €276.9 million) against future betting tax collections to complete 33 stadium projects across the country. The Sports, Arts and Social Development Fund (SASDF) has started looking for a transaction advisor and lead arrangerContinue Reading
(ELDORET, KENYA) – Construction of the ultra-modern 64 Market in Eldoret City has reached 50% completion, with Governor Jonathan Bii Chelilim assuring traders that stalls will be allocated equitably once the facility is completed. Speaking during a fundraiser in Ngeria over the weekend, Governor Bii said priority would be givenContinue Reading
(MOMBASA, KENYA) – Kenya is losing an estimated KES 45 billion (about $343 million / £270 million / €315 million) every year to illegal, unreported and unregulated fishing, government officials revealed during a stakeholders’ forum on marine fisheries conservation held at Shanzu, Mombasa. The forum brought together government agencies, researchContinue Reading
(KINANIE, KENYA) – The government has officially commissioned and handed over the first warehouse at the Kenya Leather Industrial Park in Kinanie, Athi River, to the first private investor, marking a major milestone in Kenya’s quest to revive its leather industry. Principal Secretary for the State Department for Industry DrContinue Reading
(NAIROBI, KENYA) – Greek multinational Amaco Energy Group plans to build a $1.5 billion (KES 194 billion / £1.18 billion / €1.38 billion) artificial intelligence data centre in Mombasa to tap East Africa’s growing demand for computing infrastructure. Amaco CEO Theodore Theodoropoulos is in Kenya for talks with government officialsContinue Reading
(NAIROBI, KENYA) – Kenyan businesses face higher costs to interact with customers online as Meta begins charging for messages firms send on WhatsApp in response to customer queries. Beginning 1st October, the US technology giant will introduce a charge of KES 0.52 (about $0.0040 / £0.0031 / €0.0037) for eachContinue Reading
(NAIROBI, KENYA) – Investors on the Nairobi Securities Exchange are avoiding the securities lending and borrowing scheme, put off by a rally in share prices that has made short selling risky. The scheme, also known as the Securities Lending and Borrowing (SLB) programme, is a regulated financial process where anContinue Reading
(NAIROBI, KENYA) – Sameer Africa net profit for the six months ended June 2026 grew 19.8% to KES 103.88 million (about $791,000 / £622,000 / €726,000), up from KES 86.67 million (about $660,000 / £519,000 / €606,000), helped by reduced operating expenses. The profit growth came despite a decline inContinue Reading
(NAIROBI, KENYA) – TotalEnergies Marketing Kenya net profit for the six months to June 2026 grew 21.2%, lifted by higher product sales despite elevated pump prices following disruptions from the Middle East conflict. The listed oil marketer reported a net profit of KES 1.33 billion (about $10.1 million / £8Continue Reading
(NAIROBI, KENYA) – HFCB Plc Group has reported a 59.9% increase in profit after tax for the half year period ended June, driven by higher earnings from lending and other banking activities. The mid-tier lender’s net profit rose to KES 998.3 million (about $7.6 million / £6 million / €7Continue Reading
