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 $308 billion worth of stablecoins are in circulation today, with Tether’s USDT accounting for roughly 60% of that total.
Coca-Cola HBC to Acquire Africa's Largest Coca-Cola Bottler at US$ 3.4bn Valuation
Coca-Cola will sell 41.52% out of its 66.52% stake in CCBA to Coca-Cola HBC, and Coca-Cola HBC is acquiring 33.48% of CCBA that is held by GFIM-PESA Africa Chief Sitoyo Lopokoiyit Joins Absa Group
Absa Group has appointed Sitoyo Lopokoiyit, the outgoing Managing Director of M-PESA Africa, as Chief Executive of its Personal and Private Banking division.CBK Delivers 10th Interest Rate Cut on Stable Inflation, Lower Bad Loans
Cabinet Backs KSh 4.7 Trillion Budget, Triggers Sweeping Reforms after Payroll Scandal
KenGen's Half Year Profit Drops 20% Despite Higher Sales
Dutch Feed Maker De Heus Kenya Invests KSh 3bn in Athi River Plant
De Heus Kenya, a Dutch animal feed company, will commission a KSh 3 billion animal feed manufacturing plant in Athi River later this monthLC Waikiki to Pay KSh 15.5 Mn After Court Finds Binding Deal by Conduct
Justice Njoki Mwangi ruled that a binding commercial relationship arose between the two companies through their conduct, meetings and implementation planning even though a formal logistics agreement was never signed.Zuku's Parent Company Faces Insolvency Demand over KSh 46.9mn Commercial Debt
Safaricom, NSE Bet on Ziidi Trader to Turbocharge Stock Trading
Safaricom has launched the Ziidi Trader, a new service that allows M-Pesa users to buy and sell shares listed on the Nairobi Securities Exchange (NSE) directly
Banks Urges CBK to Hold 9% Rate Amid Loan Pricing Risks
The Kenya Bankers Association has urged the Central Bank to keep the policy rate at 9.00% on Tuesday, even after nine consecutive rate cuts since 2023, the longest easing streak on record. It says previous reductions have not fully transmitted to lending rates as banks complete the shift to KESONIA/CBR-based pricing ahead of the March 1 deadline. KBA notes that inflation slowed to 4.4% in January but faces upside risk from drought-driven food prices, even as Q3 2025 growth held at 4.9% and private credit reached 6.3% in November. It adds that policy stability is supported by a steady shilling and usable FX reserves of USD 12.33 billion, equal to 5.3 months of import cover.
