Kenyan Company to Acquire Aga Khan 54% Stake in Nation Media Group
The Capital Markets Authority has exempted NPRT Holdings Africa Limited from making a mandatory takeover offer to minority shareholders of Nation Media Group Plc (NMG), clearing a key hurdle in [...]
New SGR Link Set to Decongest Mombasa
Kenya’s rail transport got a lift after President William Ruto unveiled the Mombasa Commuter Rail Service, a city–SGR link expected to ease congestion and boost trade. “Efficient, safe, and sustainable [...]
KCB, Afreximbank Commit KSh 103bn to Kickstart Vipingo SEZ
Kenya Commercial Bank (KCB) Group and the African Export-Import Bank have agreed to provide a combined $800 million (KSh 103.4 billion) in financing to operationalize the Vipingo Special Economic Zone [...]The Gambia’s Auditor General Forcibly Removed Amid Row Over Government Reshuffle
Police in the Republic of The Gambia on Monday physically removed Auditor General Momodou Ceesay from office after he declined to relinquish his post in a tense standoff that has [...]Flydubai Expands Kenya Routes with New Nairobi Flights, Upgrades Mombasa
Gulf-based carrier, Flydubai, will expand its footprint in Kenya next month by adding Nairobi to its network and upgrading its Mombasa route to a daily service as the airline deepens [...]CBK Raises KSh 61.4Bn from Long-Term Bond Reopenings After 30-Year Flop
The Central Bank of Kenya (CBK) has raised KSh 61.44 billion from the reopening of two long-dated Treasury bonds, reversing a weak start to its September bond sale programme. Both [...]Binary Tree Expands Digital Training for Africa’s Youth
Binary Tree, a youth-led non-profit organization, has trained more than 1,100 students in digital skills across Africa and Asia, positioning itself as a grassroots player in the continent’s growing digital [...]What It Means When a Company Is Under Administration in Kenya
Ever wondered what it means when you hear a company has been placed under administration? For real time market updates and analysis, join our WhatsApp Channel. Why Companies Go Into [...]Former Safaricom Manager Loses KSh 210mn Claim after Being Fired From Ksh 800k Job
A former senior manager at Safaricom has lost his bid for compensation totalling more KSh 200 million after the telco giant fired him in 2021. “Poor performance is recognized as [...]Tribunal Bars CMA From Using Media Reports in Corporate Governance Assessments
A Tribunal has ruled that the Capital Markets Authority (CMA) acted improperly by relying on press coverage in its evaluation of Limuru Tea PLC’s corporate governance, declaring that regulators must [...]Manufacturers, Stakeholders, Urge Swift Action as September 30th AGOA Expiry Looms
Kenya is facing mounting pressure to secure the renewal of the African Growth and Opportunity Act (AGOA) before it expires on September 30, 2025, as both African and American stakeholders [...]Kenya Targets Electricity Providers With Penalties, Compensation Demands Over Blackouts
Kenya's new draft energy regulations would compel electricity providers to compensate consumers for outages and poor-quality supply, imposing fines for missed reports, inadequate outage notices, and technical failures. Industrial consumers [...]
