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KenGen Seeks Shareholder Approval for Board and Governance Reforms
Kenya Electricity Generating Company has called a February 12 extraordinary general meeting to seek shareholder approval for governance reforms covering board composition, director tenure, and appointment rules. The proposals amend the Articles of Association, allow virtual voting, and aim to clarify state and minority shareholder roles. The move follows a similar notice by Kenya Reinsurance Corporation, signalling a broader push to reset governance at listed state-owned firms.
German Firm Acquires Kenyan Tycoon's Logistics Company for KSh 5.2bn
Court Blocks Hashi Energy’s Evidence in KSh7.2bn Tax Fight
The High Court has rejected a last-minute attempt by Hashi Energy, now under liquidation, to introduce fresh evidence in a KSh 7.18 billion tax appeal
Billionaires Have Tightened Grip on Global Media – Oxfam
Kariuki Ngari Set to Retire as StanChart CEO, Birju Sanghrajka to Take Over
Standard Chartered Bank Kenya has appointed Birju Sanghrajka as Managing Director and Chief Executive Officer, subject to approvals, ahead of the retirement of Kariuki Ngari in April 2026. Ngari exits after a 24-year career at the group, having led the Kenyan unit since 2019 and also held an Africa regional chief executive role. During his tenure, profit more than doubled, dividends rose sharply, and the bank shifted toward higher-quality earnings and digital-led growth at Standard Chartered Bank Kenya Limited.
South Africa's Nedbank Moves to Acquire Majority Stake in NCBA
Nedbank has moved to acquire a 66% controlling stake in NCBA through a partial tender offer, securing binding commitments covering 71.2% of the bank’s shares. The deal values NCBA at about 1.4x book value and combines 80% Nedbank shares with 20% cash, while keeping 34% of NCBA listed on the Nairobi Securities Exchange. The transaction is subject to regulatory approvals and is expected to close within six to nine months.
Regulatory Uncertainty is Weighing on East Africa's Banks
Banks across East Africa are growing increasingly uneasy about policy and regulatory uncertainty, with more than two-thirds warning that unpredictable rule changes are becoming a material risk
Kenyan Hospital Performs First Robotic Knee Replacements in the Region
Metropolitan Hospital in Nairobi has completed the first robotic-assisted knee replacement surgeries in East and Central Africa, performing the procedures in December last year,
Fuel Taxes Lift KRA's December 2025 Collections Above Target
Kenya Revenue Authority (KRA) exceeded its revenue target in December 2025, supported by strong growth in oil-related taxes
Kenya Bans Use of Tea Farmers’ Funds as Loan Collateral
Kenya has banned the use of tea farmers’ funds as collateral for bank loans, tightening government oversight of the ailing tea sector to shield smallholders from financial abuse
Revenue Boom in Arid Counties, But Pending Bills Threaten Fiscal Gains
