(NAIROBI, KENYA) – Kenya is seeking to turn its housing deficit and growing infrastructure needs into an industrial opportunity, with about 15 foreign companies expressing interest in setting up manufacturing or distribution operations in the country to serve East and Central African markets. The Kenya National Chamber of Commerce andContinue Reading
(NAIROBI, KENYA) – Kenyan households should prepare for further increases in food prices in the coming weeks as high fuel costs, rising production expenses and prolonged dry weather threaten supplies, even as farmers anticipate better harvests from the October to December rains. The Central Bank of Kenya’s September 2026 AgricultureContinue Reading
(NAIROBI, KENYA) – Kenya has tightened oversight of transfer pricing, introducing stricter rules on how multinational companies price goods, services, loans and other transactions between related entities in a move aimed at curbing profit shifting and protecting local tax revenue. The gazetted Income Tax (Transfer Pricing) Rules, 2026 replace rulesContinue Reading
(NAIROBI, KENYA) – Kenya’s Employment and Labour Relations Court has upheld the dismissal of a Dormans Coffee employee who allowed her husband to drive a company vehicle when she fell ill on duty, ruling that a health emergency does not excuse a breach of vehicle policy. Irene Vwamula lost herContinue Reading
(NAIROBI, KENYA) – Djibouti’s state-owned geothermal agency has offered to pay Kenya Electricity Generating Company (KenGen) about KES 129 million ($1 million) as a first instalment towards a five-year-old debt from a geothermal drilling contract. KenGen says in its latest annual report that the Djibouti Office of Geothermal Energy DevelopmentContinue Reading
(NAIROBI, KENYA) – A distributor has failed to overturn a KES 56 million ($431,000) judgment in favour of BAT Kenya Tobacco Ltd after the Court of Appeal ruled that it had admitted owing the money. A three judge bench held that an arbitration clause cannot be used as a shieldContinue Reading
(NAIROBI, KENYA) – Kenya’s outstanding loans from the World Bank have crossed the KES 2 trillion ($15.7 billion) mark for the first time, as the country leans more heavily on concessional loans and Eurobonds to fund its budget and refinance maturing debt. Treasury data shows Kenya’s outstanding debt to theContinue Reading
(NAIROBI, KENYA) – A UK government investment arm has bought KES 1.94 billion ($15 million) of shares in Quickmart’s initial public offering, deepening its holdings in Kenya’s capital markets. The Foreign, Commonwealth and Development Office (FCDO) said it will acquire a 6.5% stake in the retailer through MOBILIST, a UKContinue Reading
(NAIROBI, KENYA) – Life insurance premiums rose 33.6% to KES 147.46 billion ($1.14 billion) in the six months ended June 2026, surpassing general insurance for the first time, driven by retirement savings channelled through private insurers and a surge in investment-linked products. Data from the Insurance Regulatory Authority (IRA) showsContinue Reading
(NAIROBI, KENYA) – Foreign investors sold 23.6 million KCB Group shares valued at KES 2.1 billion ($16.2 million) at the current market price in the three months to September, while local investors increased their holdings in the lender over the same period. Latest shareholder profile shows foreign holdings fell fromContinue Reading
