PE Firms Amethis Metier to Exit Kenafric
Consumer goods conglomerate Kenafric’s US$100 million confectionery stake is up for sale by two private equity firms with the transaction spearheaded by Nedbank Group, Bloomberg reported on Friday. Kenafric has [...]
Mumias Sugar Issues KSh 150mn Bonus to Farmers
Mumias Sugar has issued Ksh150 million bonus to cane farmers as leaders from the region challenged the government to fast-tract reforms in the entire industry to save Kenya from using [...]71% of Employed Kenyan Youth Have Side Hustles- Survey
About 71% of respondents in a Geopoll survey on employed Kenyan youth stated that they owned small-scale businesses and side hustles to supplement their income. The survey found that 56% [...]Market Rally Pushes Kenya’s Stock Market to 2-Year High
Kenya’s stock market has surged, gaining KSh 114.8 billion in market value in 3 weeks to hit a two-year high of KSh 2.05 trillion, as multiple stocks rallied in a [...]Treasury Projects 5.3% Economic Growth in 2025
The National Treasury is projecting that Kenya’s economy will grow by 5.3% this year, slightly lower than Central Bank of Kenya’s December 2024 prediction of growth by 5.5%. “Economic growth [...]State Mulls Tougher Social Media Regulations
The government is planning to make social media platforms establish physical offices locally, as part of a broader strategy to combat what it calls ‘digital abuse’. “To ensure responsibility and [...]CMC Motors Shuts Down After Four Decades
Economic uncertainty, currency depreciation, and bloated operational costs have pushed vehicle manufacturer CMC Motors Group out of the East African markets after 40 years of operations. “Despite restructuring efforts and [...]Treasury Bills Undersubscribed as Rates Fall
Treasury bills were undersubscribed for the first time in two weeks as rates continued downwards after progressive interest rate cuts by the Central Bank of Kenya (CBK). Demand was skewed [...]The Future of Fintech in Africa
Many businesses in Africa depend on Fintech solutions to facilitate cross border payments in the over 42 different currencies across the continent. The Fintech industry has transformed the monetary ecosystem [...]Wheat Farmers Switch to Maize as Value of the Grain Dips
The area under cultivation of wheat in Kenya has been falling since 2019 as farmers shift to maize farming, according to data from the KNBS. “Consequently, the value of wheat [...]How to Apply for a Kenyan Passport
Applying for a Kenyan passport is a straightforward process that has been digitized through the eCitizen platform. Whether you’re applying for the first time, renewing an expired passport, or replacing [...]
Israel, Hamas Agree to Ceasefire Ahead of Trump's Inauguration
After 15 months of a devastating war between Israel and Hamas, mediation talks in Qatar have culminated in a mutual agreement by both parties to release hostages and end the [...]
