(NAIROBI, KENYA) – Greek multinational Amaco Energy Group plans to build a $1.5 billion (KES 194 billion / £1.18 billion / €1.38 billion) artificial intelligence data centre in Mombasa to tap East Africa’s growing demand for computing infrastructure. Amaco CEO Theodore Theodoropoulos is in Kenya for talks with government officialsContinue Reading
(NAIROBI, KENYA) – Ten high profile disputes involving firms and the Competition Authority of Kenya have been thrown into limbo after the Competition Tribunal lost the quorum required to hear and determine appeals against decisions by the regulator. The tribunal’s secretary and chief executive officer, Julius Mutua, has urged TreasuryContinue Reading
(NAIROBI, KENYA) – Investors on the Nairobi Securities Exchange are avoiding the securities lending and borrowing scheme, put off by a rally in share prices that has made short selling risky. The scheme, also known as the Securities Lending and Borrowing (SLB) programme, is a regulated financial process where anContinue Reading
(NAIROBI, KENYA) – Sameer Africa net profit for the six months ended June 2026 grew 19.8% to KES 103.88 million (about $791,000 / £622,000 / €726,000), up from KES 86.67 million (about $660,000 / £519,000 / €606,000), helped by reduced operating expenses. The profit growth came despite a decline inContinue Reading
(NAIROBI, KENYA) – TotalEnergies Marketing Kenya net profit for the six months to June 2026 grew 21.2%, lifted by higher product sales despite elevated pump prices following disruptions from the Middle East conflict. The listed oil marketer reported a net profit of KES 1.33 billion (about $10.1 million / £8Continue Reading
(NAIROBI, KENYA) – HFCB Plc Group has reported a 59.9% increase in profit after tax for the half year period ended June, driven by higher earnings from lending and other banking activities. The mid-tier lender’s net profit rose to KES 998.3 million (about $7.6 million / £6 million / €7Continue Reading
(NAIROBI, KENYA) – Old Mutual Holdings net profit rose to KES 882 million (about $6.7 million / £5.3 million / €6.2 million) in the half year to June 2026, exceeding its 2025 full year earnings in six months, driven by the benefits of disposing of underpriced medical customer accounts. UnderpricedContinue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has approved the acquisition of up to 66% of NCBA Group by South Africa’s Nedbank Group, clearing a key hurdle for the conclusion of the KES 110 billion (about $838 million / £659 million / €769 million) transaction. Investors in the NairobiContinue Reading
(NAIROBI, KENYA) – Safaricom has begun paying shareholders its final dividend of KES 46.08 billion (about $351 million / £276 million / €322 million) ahead of the official 4th September payment date, giving investors early access to the telecommunications firm’s record payout. The company approved a final dividend of KESContinue Reading
(NAIROBI, KENYA) – The Kenya Union of Savings and Credit Co-operatives (Kuscco) has entered formal liquidation after members voted to wind up the umbrella body, a move that will see its estimated KES 5.4 billion (about $41 million / £32 million / €38 million) in assets distributed among creditors owedContinue Reading
