(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
(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
(KONZA, KENYA) – Kenya is set to construct a KES 80 billion ($618 million) nuclear research reactor at Konza Technopolis to produce cancer treatment drugs locally and reduce reliance on imports from South Africa and costly medical trips to India. The project, to be implemented through a public private partnershipContinue Reading
(NAIROBI, KENYA) – Indian electric mobility firm SUN Mobility plans to double its Kenyan battery swapping network to about 70 stations and support more than 1,000 vehicles by the end of 2026, as it positions Kenya as its launchpad for expansion across East Africa. The company has established 35 batteryContinue Reading
(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
(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
(MAKUENI, KENYA) – Kenya’s Thwake Multipurpose Dam is on track for completion after the African Development Bank (AfDB) provided new funding to bridge a shortfall that had slowed construction, raising hopes for millions of residents in the water scarce Lower Eastern region. The 80.5 metre high dam, being built atContinue Reading
(NAIROBI, KENYA) – Kenya’s Employment and Labour Relations Court has faulted Co-operative Bank of Kenya for failing to follow required procedures when it dismissed an employee over poor performance, although it upheld the reason for his termination. The judge found that Stephen Mwaura’s poor performance justified his dismissal on 25thContinue Reading
(NAIROBI, KENYA) – An investment company linked to Prime Cabinet Secretary Musalia Mudavadi and Lamu Governor Issa Timamy will pay KES 3 billion ($23.2 million) to acquire majority stakes in two insurance firms from South Africa’s Absa Group. Absa Group said in August it had signed an agreement with FirstContinue Reading
(NYERI, KENYA) – A multi agency security operation has dismantled a counterfeit alcohol manufacturing syndicate operating from a residential house in Ruring’u, Nyeri, and seized illicit liquor valued at more than KES 2 million ($15,480). Nyeri Central Deputy County Commissioner Ngunyi Maina said the raid followed a tip off fromContinue Reading
