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Portland Cement Breaks KSh 100, Uchumi Hits 7-Year High in 17-Day Run
Portland Cement hit KSh 100 for the first time since 2014, extending its post-Kalahari surge to +65% in a week and +226% YTD. Uchumi rose to KSh 1.34 after 17 straight gains, up 272% in a month and 688% YTD. Turnover was 92.9M with light foreign activity. NASI fell 0.47% as gainers were led by SCAN, Uchumi and Portland while LIMT and KPLC dragged the market lower.
Starlink Drives 2,559% Surge in Kenya's Internet Subscriptions
Between 2022 and 2024, satellite subscriptions grew twenty-six-fold, while total internet subscriptions grew only 18 per cent
Directline Assurance Fined KSh 85mn Over Delayed SME Payments
CAK has fined Directline Assurance Company Limited KSh 85 million for abusing its bargaining power over small auto repair businesses.
Africa’s Next Generation of Startup Leaders Selected for the Latitude59 Kenya Pitch Finals
TOP10 startups selected for the final stage of the Latitude59 Kenya Edition Pitch Competition have now been confirmed.
How a Packet on a Shelf Told a Bigger Story about Counterfeits
The investigation of shifting market dynamics revealed that a competing product, identical in appearance but lower in cost, had infiltrated regional supply chains. This silent, organized distribution of look-alike goods erodes legitimate brand revenue, compromises consumer trust, and requires continuous market surveillance and intelligence to combat effectively.
Africa Finance Corporation Raises US$524m Samurai Loan Facility
Infrastructure solutions provider Africa Finance Corporation (AFC) has closed a US$524 million equivalent dual-currency Samurai term loan facility.
Credit Bank Under Scrutiny After Auctioning Borrower's Multi-Billion Property to Itself
The suit property sits in Mavoko Municipality and was charged to Credit Bank to secure financing that has since ballooned to KSh 817.8 million.
Freight Demand Drives SGR to KSh 15.88Bn Revenue in the First Nine Months
SGR revenue rose to KSh 15.88B in the first nine months of 2025, lifted by strong freight performance and steady passenger growth. Passenger numbers reached 1.89M, up 5.95% from 2024, while freight tonnage increased 11.2% to 5.41M tonnes. Freight revenue grew to KSh 12.56B and made up 79% of total income. The gains come as Kenya prepares to take full control of SGR operations and confronts a KSh 646B outstanding loan
Marriott International Debuts in the DRC with Two Hotels
Marriott International has made its debut in The Democratic Republic of the Congo (DRC) with the openings of Protea Hotel by Marriott Kinshasa and Four Points by Sheraton Kinshasa.
Uchumi's Share Price Spikes 600% as Retailer Posts First Operating Profit in 11 Years
Uchumi posted its first operating profit since 2014, reporting 8.8 million shillings for FY25 as rental income and lower overheads supported a narrow turnaround. Sales rose 88% to 123 million, while creditor settlements reached 95% under the restructuring plan. The market reacted sharply, with the share up 200% in November and 617% year-to-date, the strongest performance at the NSE. Net income remains undisclosed and retail operations remain limited.
Bankers’ Union Blocked From Accessing StanChart's Employees' Data
