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Kenya Power Deploys New System for Faster, More Accurate Meter Reading
Kenya Power advanced its digital plan with a new OCR system to scan readings and cut human error. The rollout spans all eight regions. The company targets 1.8 million postpaid meters. Wida said OCR will link with self-reading options on the Mypower app and USSD 977. Smart meters remain in use for remote monitoring and control.
CMA Opens New Uchumi Governance Review as Stock Price Soars 365% on Speculation
The Capital Markets Authority has opened a new governance review into Uchumi Supermarkets after a complaint by investor and lawyer Francis Njoroge Wanjiku, citing audit delays, weak governance and stalled Company Voluntary Arrangement progress. The move comes as Uchumi’s share price surges 365 percent this year to its highest level since 2019, a rally driven by speculative trading despite unresolved financial and legal pressures.Family Bank Posts KSh 3.597 Bn Q3 Profit Ahead of Planned NSE Listing
Family Bank has reported a profit after tax of KSh 3.597 billion for the nine-month period ended 30 September 2025, an increase of 55.7%
Safaricom Opens KSh 15Bn Green Note Offer in KSh 40Bn MTN at 10.40%
Safaricom has opened the first tranche of its KSh 40Bn MTN programme, offering KSh 15Bn in five-year green notes at a fixed 10.40 percent, with a KSh 5Bn greenshoe. The notes are senior and unsecured and will fund eligible green projects. The offer runs from 25 November to 5 December, with allotment on 8 December and listing on 16 December on the NSE.
I&M Bank Group's Q3 2025 Profit Up 29% on Revenue Growth
I&M Bank Group's primary achievement in Q3 2025 was a significant surge in profitability. Profit After Tax (PAT) grew by 28.68% year-over-year, reaching KSh 11.80 billion.
Market Opens Week Lower, Uchumi Hits New 2019 High, Safaricom Leads Flows
Uchumi rises 6.76% to KSh 0.79, its highest level since 2019, pushing YTD gains past 360%. Turnover hits KSh 396M, with Safaricom contributing KSh 351M. Foreign buys reach KSh 65M and sells KSh 164M, mostly in Safaricom. Top gainers include Umeme and Longhorn, while Olympia and ScanGroup lead the losers. NASI is down 0.92% at midday.
G20 Summit South Africa: African Nations to Form ‘Borrowers’ Club’
African finance ministers are moving to establish a collective “Borrowers’ Club” aimed at strengthening the negotiating power of the continent’s debtors
Kenyan Edtech M-Lugha Taps AI, Local Languages, to Rewire Early Learning
Abhinur Ali Mahdi, founder of M-Lugha, saw the gap firsthand and built an edtech platform designed to put learning in the child’s mother tongue.
Zoho One Introduces a Unified and Intelligent Platform Experience for Modern Workplaces
Zoho One Introduces a Unified and Intelligent Platform Experience for Modern Workplaces
Kenya, Uganda Leaders Push for Integrated Heavy Industry
Museveni said the investment would enhance the region’s competitiveness and reduce the cost of steel for infrastructure projects, while Ruto reaffirmed Kenya’s readiness to collaborate
Ethiopia Licenses Awash Bank's Investment Banking Arm Amid Market Expansion
The Ethiopian Capital Market Authority has granted a Capital Market Service Provider license to Awash Capital Investment Bank S.C., authorizing it to operate as an investment bank.