(NAIROBI, KENYA) – The parent firm of Kenya’s Toyota dealer has joined a consortium investing KES 2 billion ($15.5 million) in a sanitary pad factory in Nairobi, marking the latest expansion by Japanese multinational Toyota Tsusho Corporation. The operation will be run by Unicharm Corporation, which owns the global feminineContinue Reading
(NAIROBI, KENYA) – Sanlam Allianz Holdings Kenya Plc plans to drop its subsidiary structure and make its life insurance business the listed entity on the Nairobi Securities Exchange. The company said in a notice it intends to transfer all the assets and liabilities of its wholly owned subsidiary, Sanlam AllianzContinue Reading
(NAIROBI, KENYA) – Kenya Pipeline Company is considering a set of financing options to protect its cash reserves for heavy capital spending on projects in the medium term. The recently listed utility is weighing the sale of infrastructure bonds to raise cheap capital and the issue of bonus shares toContinue Reading
(NAIROBI, KENYA) – Kenya’s insurance regulator and Kenya Re have differed over a regulatory filing showing the reinsurer bought a KES 3.39 billion ($26.2 million) stake in collapsed Athi River Mining Cement, raising questions over the identity of the listed transaction. The filings from the Insurance Regulatory Authority for theContinue Reading
(NAIROBI, KENYA) – Kenya has charged three traders over a KES 3.9 billion ($30.2 million) value added tax fraud scheme that used fictitious electronic invoices worth about KES 25 billion ($193.8 million) over five years, with prosecutors seeking more suspects. The court heard that the three traders were part ofContinue Reading
(NAIROBI, KENYA) – Kenya has overtaken Ethiopia to become East Africa’s largest economy, ending five years of Ethiopian dominance after a sharp devaluation of the birr reduced Ethiopia’s gross domestic product in dollar terms. The IMF expects Kenya to overtake oil producing Angola in 2028 and move into sixth place.Continue Reading
(NAIROBI, KENYA) – Kenya is seeking to shift forestry from mainly a conservation activity to a source of investment, jobs and economic growth, backed by new climate funding, commercial tree growing plans and forest restoration projects. The country has approved $229 million (KES 29.6 billion / GBP 173.3 million) inContinue Reading
(NAIROBI, KENYA) – Kenya’s digital credit market has reached a new regulatory milestone after the Central Bank of Kenya licensed 29 additional Digital Credit Providers, bringing the total number of regulated lenders to 281. The latest approvals follow the licensing of 25 digital lenders in July 2026, as the regulatorContinue Reading
(NAIROBI, KENYA) – Monthly electricity bills for homes and businesses newly connected to Kenya’s national grid have fallen below KES 1,000 ($7.72), reflecting low consumption patterns among households recently linked to the network. Official data shows that customers connected by Kenya Power in the year ending June 2026 spent anContinue Reading
(NAIROBI, KENYA) – Kenya’s Social Health Authority has extended the deadline for healthcare providers to sign contracts with the State agency to 14th October, allowing hospitals, clinics and medical practitioners to treat registered scheme members and claim reimbursements. The authority said Healthcare Provider Contracts that expired on 30th September 2026Continue Reading
