Marula Mining's Kenyan Subsidiary Signs Manganese Deal With World's Largest Steelmaker
London listed Marula Mining’s subsidiary Muchai Mining Kenya has signed a deal with Baosteel Resources South Africa, a subsidiary of the world's biggest steel producer, to purchase and sell manganese [...]
Stima Sacco Shrugs Off KSh 108 Million KUSCCO Hit as Profits, Assets Surge in 2024
Stima Sacco is seeking to recover KSh 108 million it invested in the Kenya Union of Savings and Credit Cooperatives (KUSSCO) but says the amount is insignificant to its full-year [...]Banks Push for Common Reference Rate for Loan Pricing
Kenya’s banking sector is pushing for an overhaul of the existing risk based pricing model to a common reference rate, arguing that the current framework has made it hard to [...]Kenya’s Private Sector Activity Expands for Fifth Month-Stanbic PMI
Kenya's private sector saw slight improvement in business conditions in February, marking its fifth consecutive month of expansion, the latest Stanbic Purchasing Manager Index (PMI) shows. “We reiterate that businesses [...]More than 150 Mining Companies in Taita Taveta Operating Without Licenses
Kenya’s risks losing much needed revenue and community development due to illegal mining with Taita Taveta County alone having 158 companies operating without licenses, a review of mining records submitted [...]Competition Watchdog Helps SMEs Recover KSh 90mn in Delayed Payments
The Competition Authority of Kenya (CAK) resolved most of the 82 cases of abuse of buyer power it flagged in the year ending June 2024, helping suppliers recover KSh 89.52 [...]Stanbic Declares Record Dividend as Profits Hit KSh 13.7bn
Stanbic Holdings shares rallied to KSh 167.25 on Wednesday from KSh 157.75 after the lender reported it had registered a 12.8% growth in net profit. “We deliberately shielded our customers [...]Kenyan Smartphone Refurbishing Startup Badili Secures US$0.4mn French Investment
Badili, a Kenya-based smartphone refurbishment startup, has secured a US$400,000 debt facility from French development finance institution Proparco, marking a significant step in its expansion efforts across Africa. “Getting validation [...]US Aid Freeze, Pandemic Expose Vulnerability, Opportunities, in Africa's Healthcare Systems- VC Founder
The Covid-19 pandemic and the recent freeze on US aid have exposed the vulnerability of Africa’s healthcare systems but also created the momentum for locally made healthcare solutions, an early [...]Facebook, WhatsApp Usage Slips in Q2 2024/2025 CA
Meta platforms — Facebook and WhatsApp — remain the most popular social media apps in Kenya but usage slipped in Q2 2024/2025 to 57.1% and 54.4% from 63.9% and 55.8% [...]NSE Bull Run Drives Investor Wealth Up by KSh 137 bn in Just Two Months
The Nairobi Securities Exchange (NSE) has sustained its market rally, which has seen investors’ portfolios grow by KSh 137 billion in 2 months, was propelled by strong gains in key [...]CMA Suspends Money Manager Trade Sense's License for Three Months
The Capital Markets Authority (CMA) has suspended Trade Sense Limited for 90 days for failure to comply with various regulatory requirements. The suspension is due to the failure by Trade [...]
