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    Kenya, U.K. Discuss Next Phase of Nairobi Rail Hub

    Kenya, U.K. Discuss Next Phase of Nairobi Rail Hub

    Kenya and the U.K. are moving forward with plans to redevelop central Nairobi into a modern transport and commercial district, as officials review the next procurement steps
    Brian
    Brian Nzomo
    a month ago
    Aga Khan Sells Nation Media Group Majority Stake to Tanzanian billionaire Rostam Azizi

    Aga Khan Sells Nation Media Group Majority Stake to Tanzanian billionaire Rostam Azizi

    Tanzania's first dollar billionaire Rostam Azizi is acquiring AKFED's 54.08% stake in Nation Media Group via Taarifa Ltd. Azizi, whose Taifa Group spans LPG, contract mining, aviation, and media, co-founded Mwananchi Communications in 1999 before selling out to NMG. He now returns as majority owner of East and Central Africa's largest independent media house, with regulatory approval expected within three to four months.
    Harry
    Harry Njuguna
    a month ago
    Mwalimu Sacco Profit Jumps 76.3% as Asset Base Hits KSh 76.3Bn

    Mwalimu Sacco Profit Jumps 76.3% as Asset Base Hits KSh 76.3Bn

    Mwalimu National DT Sacco, Kenya's largest Sacco by assets, reported a 76.3% jump in surplus to 1.27Bn for the year ended 31 December 2025, its strongest result since 2020. Net interest income grew 11.0% to 3.53Bn while loans and advances expanded 19.3% to 56.3Bn. Administrative expenses rose 17.7% to 3.00Bn and impairment charges climbed 5.4% to 960.3M. The Sacco held its dividend at 13% and raised interest on deposits by 5 basis points to 10.05%. Total assets closed at 76.3Bn, up 10.8% year-on-year.
    Harry
    Harry Njuguna
    a month ago
    KPC Lists 6th on NSE With Only 2.6% in Retail Hands

    KPC Lists 6th on NSE With Only 2.6% in Retail Hands

    Kenya Pipeline Company lists on the Nairobi Securities Exchange as the sixth most valuable stock on the exchange at KSh163.6Bn, the only infrastructure company in a top ten dominated by banks. Despite a 65% headline free float, institutions and sovereign funds control 97% of the shares sold, leaving just 2.6% of the company in retail hands. Uganda, Rwanda and Kenya's NSSF anchored the offer as 70,000 retail investors, against a government target of two million, will effectively set the opening price for a KSh163.6Bn company.
    Harry
    Harry Njuguna
    a month ago
    Kenya’s Net-Zero Manufacturing Strategy To Take Center Stage at KIICO 2026

    Kenya’s Net-Zero Manufacturing Strategy To Take Center Stage at KIICO 2026

    The Kenyan
    The Kenyan Wall Street
    a month ago
    Zeno Lands US$25mn to Expand Battery-Swap Network in Kenya, Uganda

    Zeno Lands US$25mn to Expand Battery-Swap Network in Kenya, Uganda

    Electric mobility startup, Zeno, has raised US$25 million in Series A financing to accelerate production of its battery-swap electric motorbikes and expand charging infrastructure across East Africa.
    Brian
    Brian Nzomo
    a month ago
    Rockefeller Foundation Commits US$ 10Mn to Expand Electricity Access in Africa

    Rockefeller Foundation Commits US$ 10Mn to Expand Electricity Access in Africa

    The Rockefeller Foundation has pledged US$ 10 million to support efforts to expand electricity access in Africa under the Mission 300 initiative led by the World Bank and African Development Bank, which aims to connect 300 million people to power by 2030.
    Chelsy
    Chelsy Maina
    a month ago
    NSE Raises Futures Margins as Derivatives Trading Hits Record KSh 140.9Mn

    NSE Raises Futures Margins as Derivatives Trading Hits Record KSh 140.9Mn

    Trading on the Nairobi Securities Exchange derivatives market surged to a record KSh 140.9Mn in February 2026 from 40,250 contracts, the highest monthly activity since the NSE NEXT platform launched in 2019. The exchange has also revised initial margin requirements across several equity and index futures, raising collateral levels for major banking and large-cap contracts as participation in the derivatives market increases.
    Harry
    Harry Njuguna
    a month ago
    High Energy Costs Drive Shift to Renewables in Tea Sector

    High Energy Costs Drive Shift to Renewables in Tea Sector

    The AfDB, through its Sustainable Energy Fund for Africa, has launched a technical study to identify clean energy solutions for factories managed by the Kenya Tea Development Agency (KTDA)
    Brian
    Brian Nzomo
    a month ago
    Stima Sacco Closes in on Mwalimu Sacco as Asset Base Crosses KSh 75Bn

    Stima Sacco Closes in on Mwalimu Sacco as Asset Base Crosses KSh 75Bn

    Stima DT Sacco reported FY2025 results with assets rising to KSh 75.38 Bn, placing the cooperative just behind sector leader Mwalimu National Sacco at KSh 76.3 Bn.
    Harry
    Harry Njuguna
    a month ago
    Kenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite

    Kenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite

    Rural communities in Kenya are set to face slower digital access after the government cut funding for its Information, Communication Technology and Digital Economy initiatives by 25%
    Brian
    Brian Nzomo
    a month ago
    AfDB Unveils Aviation Financing Program at Nairobi Conference

    AfDB Unveils Aviation Financing Program at Nairobi Conference

    AfDB is advancing the Integrated Aviation Transformation Program (IATP), a continent-wide platform designed to modernise the aviation ecosystem.
    Staff
    Staff Reporter
    a month ago

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