Jumia Narrows 2025 Loss to KSh 7.75Bn as Market Exits Cut Cash Burn
The 27-Year Old University Dropout Allegedly Behind KSh 11.4mn Cyber Theft
Prosecutors have charged a 27-year-old university dropout Seth Mwabe Okwanyo, also referred to in the documents as Seth Onyango Odhiambo, on 20 counts.
JKIA Traffic Surges in Holiday Boom, North America Traffic Picks Up
Equity, KCB, NCBA Cut Lending Rates to 8.75% After CBK Move
Stanbic Holdings Taps Joshua Oigara as CEO, Mweheire Moves to Group Role
Stanbic Holdings Plc has named Joshua Oigara as its next chief executive, replacing Patrick Mweheire who will retire at the end of February,How Avery Lounge Came to Owe the Taxman KSh 92.7mn
A Nairobi restaurant that declared zero income while running an active hospitality business has lost its bid to overturn KSh 92.7 million in tax assessments.Auditor-General Warns New Turkana Oil Deal Could Diminish Government Revenue
The Auditor-General has warned Parliament that the proposed changes to the fiscal terms governing oil Blocks T6 and T7 in Turkana could substantially reduce the government’s share of future petroleum revenues.February Bond Reopening Draws KSh 213bn in Bids as Govt Leans on Domestic Funding
Ziidi Trader Drives Record NSE Trades and Back-to-back KSh 1bn Days
Trading at the Nairobi Securities Exchange has reached historic levels after the rollout of Safaricom’s Ziidi Trader. Equity deals settled at a record 25,700 on 11 February, up sharply from the usual 4,000–7,800 range seen before the pilot began on 5 February. Turnover topped KSh 2.44 billion on 10 February and KSh 1.83 billion on 11 February, only the second back-to-back KSh 1 billion streak this year. Foreign investors were net buyers, NASI hit a new high of 209.65, and heavy activity centred on Safaricom and Kenya Power as retail participation widened.CMA Licenses Six New Investment Banking, Stockbroking, and Advisory Firms
The Capital Markets Authority has licensed six firms across investment banking, stockbroking, advisory and platform services. The approvals include an investment bank upgrade for Rock Advisors, a new stockbroker license for Green Margin Capital, three new investment adviser licenses, and a platform provider license for I&M Capital. CMA says the move is intended to expand investor choice, deepen market activity and support growth in Kenya’s capital markets.CIC Insurance Raises KShs 1.8Bn from Land Sales in Kajiado, Kiambu
CIC Insurance Group has sold 150 acres of land near Tatu City and in Kajiado, raising KSh1.8 billion. The proceeds will enhance the insurer’s liquidity and support its balance sheet optimization strategy.Tether Steps Into Kenya’s Virtual Assets Debate as Regulation Looms
Globally, more than $308 billion worth of stablecoins are in circulation today, with Tether’s USDT accounting for roughly 60% of that total.
