Solar Meets Scale as Sun King Secures a Record-Breaking US $156 Million Deal in Kenya
In a move that underscores growing confidence in green energy finance in Africa, Sun King, an off-grid solar energy company, has closed a US $156 Million (KShs 20.1 Billion) securitisation [...]
Cabinet Approves KPC Privatization, Paving Way for September NSE Listing
The Cabinet has given formal approval for the partial privatization of Kenya Pipeline Company (KPC), marking a major step towards the long-awaited initial public offering (IPO) of the state-owned energy [...]
Family Bank Secures KSh 2.6B from British DFI to Boost MSME Trade Finance
Family Bank has secured a USD 20 million (KES 2.6 billion) trade finance facility from British International Investment (BII), the UK’s development finance institution. Family Bank CEO Nancy Njau said [...]EABL Grows Profit 12% in FY2025, Faces Surge in Illicit Alcohol and Diageo Exit Talk
East African Breweries PLC (EABL) has reported a 12% rise in after-tax profit to KSh 12.2 billion for the year ended June 2025, driven by revenue growth, foreign exchange gains, [...]Tanzania’s Trader Ban Triggers Regional Tensions as EAC Presses for Policy Reversal
The East African Community (EAC) is facing renewed internal tensions following Tanzania’s decision to bar foreign nationals from participating in several business sectors, a move regional leaders warn could undermine [...]Tribunal Upholds KSh 46Mn Fine Against Devki Steel Mills for Cartel Conduct
The Competition Tribunal has upheld a regulator's decision to impose a KSh 46.3 million penalty against Devki Steel Mills for price fixing in collaboration with 13 other steel firms, dismissing [...]Why Taxpayers Could Foot Over KSh 300 Billion In Arbitration Case Against KBC
The Auditor General has confirmed that state media firm, Kenya Broadcasting Corporation (KBC), is fighting a silent London arbitration case against another company that demands claims of KSh 300 billion, almost [...]Tanzania Bars Foreigners From Small Businesses in Economic Nationalism Push
Tanzania has imposed sweeping restrictions on foreign participation in small-scale commerce, banning non-citizens from operating in 15 business sectors ranging from retail trade and mobile money to parcel delivery and [...]KETRACO Audit Uncovers Suspected Corruption, Double Payments as Insolvency Threat Looms
The Kenya Electricity Transmission Company (KETRACO), a state agency in-charge of high-voltage electricity infrastructure, is facing deepening financial distress amid audit findings that point to suspected corruption and unauthorized payments. [...]Bamburi Cement Edges Closer to Delisting as NSE Extends Trading Suspension
Bamburi Cement Plc is on the brink of delisting from the Nairobi Securities Exchange (NSE) after the NSE extended its suspension of trading, following a near-total buyout by Tanzania’s Amsons [...]State Law Office Splashes Kshs20.9Mn on Empty Offices in Nairobi CBD
The Auditor-General has raised concerns over wasteful and irregular expenditure by theState Law Office and Department of Justice, highlighting questionable rent payments amounting to millions of shillings during the 2023/2024 [...]Diageo Eyes KSh 258Bn EABL Sale Amid Broader Africa Exit Strategy
British multinational alcoholic beverage company Diageo Plc has launched a review of its majority stake in listed brewer East African Breweries Ltd. (EABL), according to a report by Bloomberg. The [...]
