(NAIROBI, KENYA) – Kenya Electricity Generating Company has cut its dividend payout by 16.7% as it directs more cash into plant and equipment to expand electricity generation and meet rising demand. Shareholders will receive KES 0.75 ($0.0058 / £0.0045) per share for the year ended June 2026, amounting to KESContinue Reading
(NAIROBI, KENYA) – At least 10 electric vehicle manufacturers, mostly from India and China, are preparing to enter Kenya after a shared battery swap provider launched its network in the country. The move is expected to increase competition in the growing electric mobility market. The firms include China’s Afrina Neopower,Continue Reading
(NAIROBI, KENYA) – Standard Chartered Bank Kenya has moved to take control of rental income from four properties linked to collapsed retailer Nakumatt Holdings as it steps up efforts to recover more than KES 1.9 billion ($14.8 million / £11.5 million) in unpaid loans. The bank has notified Nakumatt InvestmentsContinue Reading
(NAIROBI, KENYA) – The International Fund for Agricultural Development and Equity Group have launched a $200 million (KES 25.8 billion / £155.7 million) financing programme for smallholder farmers and rural businesses in East Africa. The initiative is designed to help them adapt to the effects of climate change. The AfricaContinue Reading
(NAIROBI, KENYA) – The gap between what banks in Kenya charge on loans and pay on deposits narrowed to a 10 month low of 7.46 percentage points in July. The trend reflects pressure on lenders to balance lower borrowing costs for customers against the need to keep savers from movingContinue Reading
(NAIROBI, KENYA) – Investors have paid a premium to switch KES 11 billion ($85.6 million / £66.8 million) of holdings from a bond maturing in February 2028 into another government paper offering a higher interest rate and a lower withholding tax rate. The switch was conducted by the Central BankContinue Reading
(NAIROBI, KENYA) – A former Diamond Trust Bank manager has lost a court bid to challenge her dismissal through a constitutional petition after the Employment and Labour Relations Court ruled she used the wrong legal route. Salimah Pirbhai had sued the bank in January 2026, claiming its investigation into suspectedContinue Reading
(MOMBASA, KENYA) – The Coast Development Authority has called on state corporations, private firms and community groups to adopt a unified coastal development agenda and invest in the region’s natural resources. The appeal was made as the authority showcased its main projects at the ASK Show in Mombasa. CDA BoardContinue Reading
(MOMBASA, KENYA) – Clearing and forwarding agents at the Port of Mombasa have asked the Kenya Revenue Authority to withdraw a new Export Declaration requirement that they say has delayed cargo release and led to mounting storage costs. KRA has responded by explaining the legal basis of the rule. TheContinue Reading
(NAIROBI, KENYA) – Mansa-X Special Funds have become the largest Collective Investment Scheme in Kenya after their assets under management rose to KES 188 billion ($1.46 billion / £1.14 billion) by the end of June 2026. The funds now command a 20% market share of the country’s CIS sector. TheContinue Reading
