(NAIROBI, KENYA) – Kenyan taxpayers lost at least KES 14.3 billion after the National Treasury and the National Assembly ignored technical advice from a State think tank and pushed through the sale of Safaricom shares at a lower price. The loss is equal to about $88.4 million or £69.5 million.Continue Reading
(NAIROBI, KENYA) – Vodacom has completed its acquisition of an additional 15 percent stake in Safaricom. The move comes days after the Court of Appeal lifted orders that had blocked the State’s KES 204.3 billion sale. The stake value is equal to about $1.26 billion or £992 million. The SouthContinue Reading
(NAIROBI, KENYA) – The value of macadamia produced in Kenya jumped 73 percent to KES 8.6 billion in 2025. The rise was driven by strong prices especially towards the end of the year. The value is equal to about $53.2 million or £41.8 million. Fresh data from the Agriculture andContinue Reading
(NAIROBI, KENYA) – Wheat millers have warned of possible price increases for flour, bread, chapatis and other wheat products. The warning follows delays by the government in approving imports to bridge a looming supply shortfall. The Cereal Millers Association said there are delays in the release of a critical governmentContinue Reading
(NAIROBI, KENYA) – South Africa’s Vodacom has added two directors to Safaricom’s board in a shake-up that reflects its increased ownership of the Kenyan company. The move follows Vodacom’s acquisition of a 15 percent stake from the Kenyan government. Vodacom appointed Mariam Cassim, its chief executive for financial technology, andContinue Reading
(NAIROBI, KENYA) – Car and General shares rallied by 31.3 percent during trading on the Nairobi Securities Exchange on Thursday. The diversified dealer more than tripled its interim dividend payout. The firm’s shares touched a high of KES 285 each during the day before closing at KES 242.25 per share.Continue Reading
(NAIROBI, KENYA) – British American Tobacco Kenya has asked the High Court to strike out a KES 4.5 billion claim over its VELO nicotine pouches. The company says the petitioner bypassed remedies provided under tobacco control law. The claim is equal to about $27.8 million or £21.9 million. The companyContinue Reading
(NAIROBI, KENYA) – Sanlam Allianz Holdings Kenya has posted a net profit of KES 124.6 million for the half year ended June. The figure is equal to about $770,000 or £606,000. Earnings nearly quadrupled from the same period last year when the company incurred one off costs linked to businessContinue Reading
(NAIROBI, KENYA) – The High Court has ordered the government to file a status report on the importation of 490,000 tonnes of duty free rice authorised under a Gazette Notice published last month. The court directed the government to file the report within 30 days. The report must detail theContinue Reading
(NAIROBI, KENYA) – Kenya’s Trade Ministry has promised to help exporters recover tariffs paid during the four month lapse of the United States African Growth and Opportunity Act trade pact. The move opens the door to a potential cash boost for manufacturers and agricultural exporters hit by higher duties. TheContinue Reading
