ALP Industrial REIT Raises US$29.55Mn in Kenya’s First Logistics Property Listing
ALP Industrial REIT raised US$29.55 Mn (KSh 3.82 Bn) after investors subscribed 98.5% of a US$30 Mn restricted offer, positioning Kenya’s first logistics-focused REIT for listing on the Nairobi Securities Exchange on March 11, 2026. The offer attracted institutional backing, including a US$5 Mn commitment from InfraCo Africa for a pipeline asset, lifting total participation linked to the transaction to 115.17% of the offer size.
Kenya Pipeline IPO Clears as Retail, Oil Marketers, and Foreign Demand Falls Short
Kenya Pipeline Company’s KSh106.3Bn IPO closed oversubscribed but the final allocation showed strong institutional dominance. Kenyan institutions and East African investors absorbed most of the shares, while retail investors, oil marketing companies and foreign investors missed their quotas. The offer attracted about 70,000 retail investors against a target of two million. Uganda, through the Uganda National Oil Company, and Kenya’s NSSF emerged as key anchor investors in the transaction.Indonesian Investor Pulls Out of Suswa Geothermal Project
Indonesia’s state-linked energy company, Pertamina, through its geothermal subsidiary PGEO, has withdrawn from the planned development of the Suswa geothermal field,
Kenya Revives JKIA Modernization Plans to Stay Ahead of Addis Ababa
A modernized JKIA could provide Kenya Airways and its partners with improved infrastructure to densify routes, reduce turnaround times, and attract additional transit traffic. Without comparable investment, Kenya risks ceding further ground to Addis Ababa as the region’s primary intercontinental gateway.AfDB to Invest €6.5 million in West and Central African Tech Startups
AfDB is set to invest 6.5 million euros in the Saviu II fund for onward transmission into tech startups in their seed and first institutional fundraising phases.
The Legal Fault Lines That Could Crumble Kenya's Infrastructure Fund
Kenya’s plan to launch a KSh 5 trillion National Infrastructure Fund, billed as a self-sustaining engine to finance highways, railways and airports without leaning further on taxes or sovereign borrowing, could run into constitutional headwinds.Vivo to Cut LPG Storage by 22% as It Upgrades Mombasa Facility
BAT Kenya to Pay KSh 70 Dividend Per Share as Profit Rises to KShs 5.25 Bn
BAT Kenya posted a 17% rise in net profit to KShs 5.25 billion for FY2025 despite a 10% drop in revenue amid rising illicit trade. Strong cost control and improved finance income supported margins, while the company raised its total dividend by 40% to KShs 70 per share.Limuru Tea Issues Third Straight Profit Warning as Weak Prices Bite
Limuru Tea Plc has issued its third consecutive profit warning, saying FY 2025 profit will fall by more than 25% as rising labour costs and weak tea prices weigh on earnings. The alert marks its fifth warning in a decade and comes amid volatile auction prices and higher national tea output. Limuru joins at least 12 NSE-listed firms that have issued profit warnings over the past year.European Investment Bank Commits €3.1 billion to Africa in 2025
The European Investment Bank invested €3.1 billion across Africa in 2025 through its development arm, EIB Global, with nearly half of the financing directed toward climate action and environmental sustainability. Funding supported SMEs, renewable energy, water, transport and health projects in countries including Morocco, Nigeria, Egypt and Mauritania. The bank said that the investments align with the EU’s Global Gateway strategy and aim to mobilize additional private capital for sustainable development across the continent.Carbacid Interim Profit Rises on Valuation Gains as Core Operations Weaken
Carbacid Investments reported a 6.9% rise in half-year profit to KSh 464.96 million for the six months to January 2026, supported by a 3.8% increase in turnover to KSh 976.35 million. Operating profit fell 2.2% as gross margin narrowed to 64% and administration costs rose 15%. Earnings growth was driven mainly by KSh 106.20 million in equity revaluation gains, while operating cash flow declined 24% and cash balances fell after dividend payments exceeded cash generation.MRE Real Estate's KSh 400mn Manyanja Mall Bets on Nairobi’s Neighbourhood Retail Surge
MRE Real Estate has broken ground on a Ksh 400 million mixed-use commercial mall in Eastlands, Nairobi, betting on the continued shift toward neighbourhood retail centres
