Naivas Elevates Longtime Strategist to CEO
Kenya’s largest retail chain, Naivas Supermarkets, has announced Andreas von Paleske will assume the role of Chief Executive Officer (CEO), succeeding founding CEO David Kimani, who is stepping down after [...]
M-KOPA Posts First Ever Profit, Bets on E-Mobility for Next Growth Phase
M-KOPA Holdings Ltd. has reported its first-ever annual profit, marking a major milestone for one of Africa’s fastest-growing consumer lenders as it scales smartphone assembly and deepens its push into [...]
CBK Cuts Benchmark Rate to 9.25%
The Central Bank of Kenya (CBK) has lowered the Central Bank Rate (CBR) by 25 basis points to 9.25%, its lowest level since January 2023, marking an unprecedented eighth consecutive [...]Kenya Seeks to Boost Financial Health in New Strategy
Kenya has launched its first comprehensive National Financial Inclusion Strategy (NFIS) 2025-2028, setting ambitious targets to close persistent gaps in access, usage, and quality of financial services. The 2024 FinAccess [...]Lebanese Contractor Seeks to Liquidate Oilfields Ltd in Kenya Pipeline Dispute
Zakhem International Construction Limited, a Lebanese-owned contractor behind Kenya Pipeline Company’s Mombasa–Nairobi multiproduct pipeline, has petitioned the High Court to liquidate its subcontractor Oilfields Engineering and Supplies Limited. The dispute [...]Kenya Power's Profit Dips 18%, Equity Crosses KSh 100Bn
Kenya Power’s net profit has dropped 18.7% to KSh 24.47 billion, while profit before tax fell KSh 35.38 billion from 43.67 billion, mainly due to the absence of one-off forex [...]Kenya Enlists Tony Blair Institute in Digital Degree Plan
Kenya plans to replace paper-based university degrees with digital credentials that can be verified online, as part of a government effort to curb forgery and restore credibility in the country’s [...]Court Orders DTB, Lawyer, to Refund Victoria Commercial Bank CEO KSh 85mn in Land Dispute
Last week, theHigh Court in Kisumuruled that an elaborate property transaction involving Victoria Commercial Bank CEO Yogesh Pattni, DTB Bank Kenya, a lawyer named Mohammed Madhani and at least three [...]Insurance Regulator Clears Sanlam’s KSh 820.6 Mn Business Transfer to Jubilee Allianz
The Insurance Regulatory Authority (IRA) has approved the transfer of Sanlam General Insurance Limited’s entire general insurance business, valued at KSh 820.6 million, to Jubilee Allianz General Insurance (K) Limited. [...]Mi Vida Hands Over 200 Affordable Green Homes to IHS Kenya in Garden City Deal
Real estate developerMi Vida Homeshas handed over 200 affordable, eco-friendly housing units toprivate equity-backed International Housing Solutions (IHS) Kenyaat its237 Garden Cityproject, in a move expected to bolster efforts to [...]U.S. Indicts Kenyan Businessman for KEMSA Heist
A U.S. federal indictment has implicated a Kenyan businessman in the diversion of American-funded HIV test kits from the state-run medical supply agency. “This was an incredibly complicated investigation, spanning [...]Old Mutual Unveils Wellness App to Curb Rising Burnout
Old Mutual has launched a digital wellness platform aimed at tackling Kenya’s growing burnout and lifestyle health crisis, as the economic toll of stress-related conditions spike. “Thrive is more than [...]
