(NAIROBI, KENYA) – Nairobi Hospital has told the High Court it remains financially stable, well capitalised and able to support its current operations and future growth, rejecting claims by petitioners that the institution faces financial collapse. The hospital made the submission in response to a petition by Busia Senator OkiyaContinue Reading
(NAIROBI, KENYA) – Kenya received more diaspora cash from Tanzania than from Saudi Arabia in August for the first time, as new foreign worker rules in the Gulf kingdom cut earnings and transfers from one of Kenya’s biggest remittance markets. Cash sent home from Tanzania reached a record $11.72 millionContinue Reading
(NAIROBI, KENYA) – KCB Group will acquire a 22.23% stake in digital payments company Pesapal, according to a disclosure by Tanzania’s competition regulator. The Fair Competition Commission (FCC) revealed the stake size as it reviews the transaction, which was first announced by KCB in November 2025. The bank said atContinue Reading
(FORT PORTAL, UGANDA) – There is no published net worth for Edward Rukidi Nyabongo I, the new Omukama of Uganda’s Tooro Kingdom. He spent most of his adult life earning a salary as a television news anchor, not managing a royal treasury. But the throne he is inheriting comes withContinue Reading
Land, Lawsuits And Legacy: The Financial Life Of Uganda’s Queen Mother (FORT PORTAL, UGANDA) – There is no official, audited net worth statement for Best Kemigisa, the Queen Mother of Uganda’s Tooro Kingdom. She is not listed on any stock exchange and neither does she file public accounts. But herContinue 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) – Banks and other financial institutions in Kenya now face fines of up to KES 20 million ($155,000/GBP 122,000) for breaking new terror financing rules as the country works to stop suspicious financial flows. New regulations from the Ministry of Interior and National Administration raise the maximum penaltyContinue 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) – The Nairobi Securities Exchange (NSE) has shed KES 158 billion ($1.22 billion / GBP 967 million / EUR 1.13 billion) in investor wealth over the past week after the share prices of blue-chip firms retreated under pressure from investors keen to profit from the market rally throughContinue 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
