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Private Millers Take Over Troubled Sugar Factories
Private operators taking over the four State-owned sugar mills will pay annual rent of up to KSh 45,000 per hectare and concession fees tied to sugar and molasses production
NSE Calls for Stronger Transparency as FiRe Awards Conference Opens
The Nairobi Securities Exchange (NSE) has said that boosting transparency and aligning with international reporting standards will be key to strengthening investor confidence
Private Sector Hiring Rebounds, Stanbic PMI Hits Five-Year High
Kenya’s private sector recorded its strongest hiring momentum in more than a year in November as firms rushed to expand capacity amid a sharp rebound in demand
Family Bank Raises KSh 8Bn in Oversubscribed Private Placement
Family Bank has raised KES 8.004 billion through an oversubscribed private placement, surpassing its KES 6.09 billion target by 131%. The capital will fuel the bank’s digital transformation, strengthen lending- especially to MSMEs, green projects, and women- and youth-led enterprises, supporting local and regional expansion.
Kenya's Cold Chain Expansion at Stake as COMESA Scrutinises Cold Solutions US$20mn Deal
Government to Net KSh 244.5Bn from 20% Safaricom Stake Sale
Vodacom is set to take majority control of Safaricom in a KSh 312.6B dual transaction that raises its effective stake to 55%. The Government of Kenya will net KSh 244.5B from selling a 15% stake and transferring future dividend rights on its remaining 20%. The restructuring simplifies Vodafone’s regional structure, strengthens Vodacom’s African footprint and awaits approvals from Kenyan and regional regulators.
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.