Government to Net KSh 244.5Bn from 20% Safaricom Stake Sale
Vodacom is set to take majority control of Safaricom in a KSh 312.6B dual transaction that raises its effective stake to 55%. The Government of Kenya will net KSh 244.5B from selling a 15% stake and transferring future dividend rights on its remaining 20%. The restructuring simplifies Vodafone’s regional structure, strengthens Vodacom’s African footprint and awaits approvals from Kenyan and regional regulators.
Portland Cement Breaks KSh 100, Uchumi Hits 7-Year High in 17-Day Run
Portland Cement hit KSh 100 for the first time since 2014, extending its post-Kalahari surge to +65% in a week and +226% YTD. Uchumi rose to KSh 1.34 after 17 straight gains, up 272% in a month and 688% YTD. Turnover was 92.9M with light foreign activity. NASI fell 0.47% as gainers were led by SCAN, Uchumi and Portland while LIMT and KPLC dragged the market lower.Starlink Drives 2,559% Surge in Kenya's Internet Subscriptions
Between 2022 and 2024, satellite subscriptions grew twenty-six-fold, while total internet subscriptions grew only 18 per cent
Directline Assurance Fined KSh 85mn Over Delayed SME Payments
CAK has fined Directline Assurance Company Limited KSh 85 million for abusing its bargaining power over small auto repair businesses.How a Packet on a Shelf Told a Bigger Story about Counterfeits
The investigation of shifting market dynamics revealed that a competing product, identical in appearance but lower in cost, had infiltrated regional supply chains. This silent, organized distribution of look-alike goods erodes legitimate brand revenue, compromises consumer trust, and requires continuous market surveillance and intelligence to combat effectively.Freight Demand Drives SGR to KSh 15.88Bn Revenue in the First Nine Months
SGR revenue rose to KSh 15.88B in the first nine months of 2025, lifted by strong freight performance and steady passenger growth. Passenger numbers reached 1.89M, up 5.95% from 2024, while freight tonnage increased 11.2% to 5.41M tonnes. Freight revenue grew to KSh 12.56B and made up 79% of total income. The gains come as Kenya prepares to take full control of SGR operations and confronts a KSh 646B outstanding loanUchumi's Share Price Spikes 600% as Retailer Posts First Operating Profit in 11 Years
Uchumi posted its first operating profit since 2014, reporting 8.8 million shillings for FY25 as rental income and lower overheads supported a narrow turnaround. Sales rose 88% to 123 million, while creditor settlements reached 95% under the restructuring plan. The market reacted sharply, with the share up 200% in November and 617% year-to-date, the strongest performance at the NSE. Net income remains undisclosed and retail operations remain limited.Bankers’ Union Blocked From Accessing StanChart's Employees' Data
Government Tenders to Special Groups Double to KSh 57bn in Two Years — KNBS
The overarching trend reveals a programme heavily shaped by fiscal cycles. When government liquidity tightens, AGPO shrinks; when spending resumes, allocations rise.Kenya Grants Gulf Energy Incentives, Tax Exemptions, to Hasten Turkana Oil Plan
Kenya has granted tax and duty exemptions to Gulf Energy E&P B.V. under a newly signed addendum restructuring the production-sharing contract for Turkana’s Block T7.KenGen To Lead, Operationalize Kenya's First Nuclear Plant
Kenya has assigned the Kenya Electricity Generating Company (KenGen) to operate the country’s first nuclear power plant, accelerating an ambitious plan to add up to 10 gigawatts of electricityKenya's Importers Face Higher Costs as Maersk Adds Operational Fee
Importers in Kenya are set to face higher shipping costs starting today after global shipping giant Maersk announced a new Operational Cost Imports (OCI) fee
