South Africa's Nedbank Takes 66% Stake in Kenya's NCBA

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(NAIROBI, KENYA) – South Africa’s Nedbank Group has completed the acquisition of a 66% controlling stake in NCBA Group, marking a major shift in ownership of one of East Africa’s largest banking groups. The transaction, announced on 19th October following receipt of the required regulatory approvals, makes NCBA a subsidiaryContinue Reading

Makueni Turns to Private Capital for $7.7 Million Mango Factory

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(MAKUENI, KENYA) – Makueni County plans to hand over its KES 1 billion ($7.7 million) fruit processing factory to a private investor under a concession deal aimed at maximising output. The Public Private Partnership (PPP) unit of the National Treasury approved the concept note for the concession in September 2026,Continue Reading

Kenya Gulf Departures Hit 151,295 in July and August

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(NAIROBI, KENYA) – Air travel between Kenya and the Middle East rebounded in the third quarter despite the ongoing conflict, with Dubai overtaking London as the top destination for travellers departing from Nairobi. Departures from Jomo Kenyatta International Airport (JKIA) to Middle Eastern destinations rose 16% to 151,295 in JulyContinue Reading

Naivas, Quickmart, Carrefour Tighten Grip on Kenya Retail

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(NAIROBI, KENYA) – Naivas, Quickmart and Carrefour now hold a combined 60% of Kenya’s formal retail market, driven by fast store expansion across the country. Naivas leads with a 31% market share by estimated revenue in 2025, according to disclosures by Quickmart, citing market intelligence firm Sagaci Research. Quickmart publishedContinue Reading

KPC Shares Worth $329 Million Traded in Single Nairobi Session

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(NAIROBI, KENYA) – Unidentified investors have transferred 4.5 billion shares of Kenya Pipeline Company (KPC) worth KES 42.5 billion ($329 million) through the Nairobi Securities Exchange (NSE). The block trade equals 24.76% of KPC’s issued shares, staying below the 25% threshold that would have required approval from the Capital MarketsContinue Reading

Kenya Milk Rationing Hits Households as Prices Rise

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(NAIROBI, KENYA) – Kenya’s milk shortage is a warning that high national production figures do not automatically translate into reliable supplies, affordable prices and food security for consumers, according to Stephen Mutoro, Secretary General of the Consumers Federation of Kenya. The current crisis exposes weaknesses in dairy sector planning, farmerContinue Reading

Naivas Bets on Longer Hours to Lift Kenya Festive Sales

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(NAIROBI, KENYA) – Naivas Supermarkets is preparing to extend operating hours at some of its outlets as retailers position themselves to capture festive season spending amid growing pressure on household budgets. The retailer says some stores could operate around the clock during the peak shopping period that the three monthContinue Reading