(NAIROBI, KENYA) – Kenyan commercial banks increased agricultural lending by a record KES 53.1 billion ($410 million / GBP 309 million) in the year to June 2026, as stronger farm incomes and improved cash flows made the sector more attractive for credit. Agricultural credit rose 35.1% to KES 204.2 billionContinue Reading
(LAMU, KENYA) – Engineering and technology contracts worth more than $100 million (£78 million) have been awarded for Kenya’s $16 billion (£12 billion) oil refinery project in Lamu, as construction began on what will be East Africa’s largest industrial facility. India’s state-owned Engineers India Limited secured a contract exceeding $450Continue Reading
Zimbabwe Tycoon Wicknell Chivayo Dies in Helicopter Crash at 43, Leaving Behind a $100 Million Fortune and a Trail of Unfinished Business (MARONDERA, ZIMBABWE) – Wicknell Munodaani Chivayo, the Zimbabwean businessman whose name became shorthand for government tenders, flashy gifts and a fortune estimated at more than $100 million, diedContinue 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) – Kenya’s digital financial sector faces sweeping changes under a proposed law that would require payment providers to connect with rival systems and allow customers to share their financial data with third parties, potentially opening a market that processes billions of dollars annually. The National Payment System Bill,Continue Reading
(NAIROBI, KENYA) – The operator of a Kenyan investment scheme cited in court for fraud is recruiting thousands of investors into a new platform, asking them to deposit $400 (KES 51,800 / GBP 307) to unlock funds estimated at close to KES 1 billion ($7.7 million / GBP 5.9 million)Continue Reading
(LAMU, KENYA) – More than 130 residents of Kenya’s coastal Lamu County have filed a lawsuit accusing the government of forcibly displacing them from ancestral land to make way for major infrastructure projects, including a proposed $16 billion (KES 2.07 trillion / GBP 12.3 billion) oil refinery backed by NigerianContinue Reading
