Toyota Land Cruiser LC300 Recall Hits COMESA Markets
The COMESA Competition and Consumer Commission has issued an urgent regional alert following a significant safety recall of Toyota Land Cruiser LC300 models.
The Rapid Growth of Equity Group’s Insurance Arm
Equity Group’s expansion into insurance is accelerating just as financial pressures reshape how Kenyan households manage risk, positioning the business as a key growth engineKenya Lures Private Capital With 50 Public-Private Projects At KIICO 2026
The government urged the private sector to seize these opportunities as they were embedded in sectors where markets are expanding, competitiveness is strengthening, and scale can be achieved.Unlocking Kenya’s Economic Growth Through Competition Reform- OECD Peer Review Report
Kenya’s US$ 132 billion economy is dynamic but constrained by a restrictive regulatory environment and heavy state participation, which limit private sector growth. The 2026 OECD review finds that targeted competition reforms could unlock significant gains- boosting GDP and jobs- highlighting the need for stronger, more independent enforcement by the Competition Authority of Kenya.Missing Rent, Lost Land, Windows 2012: What the Auditor-General Found at Kenya Railways
The Auditor-General issued a qualified opinion on Kenya Railways Corporation's FY2025 accounts for the second consecutive year, citing six grounds: 119 land parcels without title deeds within a KSh 18.75 Bn land balance, KSh 16.91 Bn in completed projects misclassified as work-in-progress, a KSh 520 Mn unreconciled rental income variance, KSh 1.28 Bn in receivables dating to 2011, flawed student debtor accounts at RTI and 1,981 freight invoices with no matching ERP entries. Eight prior-year issues remain unresolved
SHA Survives Constitutional Test, but Transition Flaws Persist
Although the judgment acknowledged weaknesses and irregularities in the process, it concluded they were not strong enough to invalidate the contract itself.I&M Group's Profit Rises 28% on Income Growth
I&M Group reported a 27.6% rise in FY2025 net profit to KSh 18.8 billion, driven by strong income growth and lower funding costs.Prime Bank's Profits Jump 28% to KSh 5.56 Bn as Falling Funding Costs Drive Widest Margin in 33 Years
Prime Bank Group, Kenya's largest Tier II lender and tenth biggest bank by market share, posted a 27.6% rise in net profit to KSh 5.56 billion for the year ended December 2025. Net interest income surged 49.1% to KSh 9.93 billion as interest expense fell 11.6% during the CBK's easing cycle. Total assets expanded 44.6% to KSh 277.25 billion, concentrated in government securities, while net loans held flat at KSh 55.56 billion. Gross NPLs improved 7.4% to KSh 5.59 billion. EPS rose 27.6% to KSh 836.Kenya Railways Posts KSh 28 Bn Loss on SGR Loan Costs
Kenya Railways Corporation narrowed its operating loss by 65% to KSh 581.5 Mn for the year ended 30 June 2025 as freight haulage hit a record 8.16 million tonnes and total revenue climbed 18.6% to KSh 30.52 Bn. SGR revenues grew 9.1% to KSh 19.42 Bn. The gains were absorbed by KSh 25.97 Bn in interest on the GoK on-lent SGR loan (originally China Exim Bank), leaving a net loss of KSh 28.17 Bn. The loan balance grew 4.0% to KSh 672.04 Bn. Negative equity widened to KSh 121.08 Bn. The Auditor-General issued a qualified opinion on six grounds including unsupported land and revenue inaccuracies.Parliament Probes KSh 752mn Miwani Sugar Land Auction
The parliamentary inquiry was triggered by a petition tabled by Suba South MP Caroli Omondi, which calls for a full accounting of the land’s ownership history, the identities behind Crossley Holdings, and the actions or inaction of public officials involved.Kenya Secures Over US$2.9 Billion in Investment Deals as KIICO 2026 Opens
The Kenya International Investment Conference (KIICO 2026) opened today with the announcement of investment deals worth over US$ 2.9billion
President Ruto Pitches Tax Breaks, Reforms as Kenya Targets US$2.5bn in New Investments
During his keynote address at the 2026 Kenya International Investment Conference (KIICO), President William Ruto delivered a blunt message to foreign investors: the country’s new investment strategy will rely less on promises and more on tax incentives, regulatory reforms, and faster approvals.
