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 [...]Co-op Bank Backs Ruiru School Project with KShs 110 Million Financing
Co-operative Bank of Kenya has extended KShs 110 million in debt financing to Eboss Investments Company to fund the construction of Seven Oaks School, a new British-curriculum institution in the [...]DigiTax, FlexPay, Among Startups in Safaricom's Second Spark Accelerator Cohort
Safaricom’s Spark Accelerator Programme has unveiled its second cohort of startups, selecting ten ventures from more than 200 applicants to join a three-month programme aimed at helping them scale. The [...]Counties Get Budget Lifeline in Proposed Law Changes
Kenya’s counties could soon enjoy greater stability in financing their operations under a fresh constitutional amendment that seeks to overhaul the budget-making framework at both the national and county levels. [...]Kenya Launches US$ 1Bn Buyback of 2028 Eurobond to Ease Debt Pressures
Kenya has opened a tender offer to repurchase its entire US$ 1.0Billion (KSh 129.3Billion) Eurobond due 2028, offering holders US$ 1,037.50 (KSh 134,090) per US$ 1,000 in principal plus accrued [...]Mawingu Raises US$20mn to Drive East Africa Expansion
Mawingu Networks, a Kenyan internet service provider targeting underserved communities, has secured US$20 million in Series C funding to accelerate its network rollout and regional growth. “Raising capital in today’s [...]Kenya’s Tea Output Drops 11% in 2025 as Prices and Key Exports Falter
Kenya’s tea production dropped 11.5% in the first seven months of 2025 to 322.29 million kilograms, down from 364.13 million kilograms a year earlier, according to the Tea Board of [...]Kenyan Firms Lift Prices Modestly as Costs Ease
Kenyan companies raised their selling prices in September, marking a modest reversal after August’s 12-month low, according to the latest Stanbic Bank Kenya Purchasing Managers’ Index (PMI). Nearly a third [...]
