Kalahari Cement Strikes KSh 717M Deal to Acquire 28.2% Stake in Portland Cement
Kalahari Cement Limited has signed binding agreements to acquire a 28.2% stake in Kenya's second largest cement manufacturer, East African Portland Cement Plc (EAPC), from two shareholders: Associated International Cement [...]
Marula Bets Big on Kenya’s Untapped Minerals to Power Global EV Boom
Kenya is rapidly positioning itself as a vital player in the global electric vehicle (EV) revolution, leveraging its rich, yet largely untapped, mineral resources. In an interview with The Kenyan [...]
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 [...]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. [...]
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 [...]Eaagads FY2025 Profit Jumps 147% on Stronger Prices, Higher Sales
Listed agricultural company Eaagads Limited has reported a 45.5% rise in revenue to KSh 277.3 million for the financial year ended 31 March 2025, marking its strongest topline performance in [...]CBK Launches Retail Bond System Tender Days After NSE Hits Record Turnover
The Central Bank of Kenya (CBK) has launched a high-stakes tender for its own retail bond system, a move that comes just as the Nairobi Securities Exchange (NSE) breaks new [...]Umeme Share Price Halves in 8 Days as Selloff Exposes Investor Risks
Umeme Limited share price has dropped more than 50% since the July 14, 2025 book closure for its record interim dividend. Concession Expiry and Dividend Shock This selloff coincides with [...]SBM Bank Kenya Rebounds with KSh 202mn Profit in H1 2025
SBM Bank Kenya Ltd recorded a KSh 202 million profit before tax for the half year ended June 2025, reversing a KSh 943 million loss in the same period in [...]Ethio Telecom Cements Market Lead with 73% Revenue Jump
Ethiopia's leading telco Ethio Telecom capped its three-year LEAD Growth Strategy with all-time high revenues and continued expansion across digital and network infrastructure, reinforcing its dominance in Ethiopia’s liberalizing telecoms [...]Airtel Africa Profits Up 408% in Q1 as Customer Base Increases by 14 Million
Airtel Africa's Profit after tax soared by over 400% to US$156 million in Q1 2026, with revenues up 22% to US$1.42 billion, compared to the same period last year. Metric [...]BAT Kenya Doubles Dividends on Flat Revenue, Flags Impact of Counterfeits
British American Tobacco Kenya (BAT Kenya) has reported its half-year results for the period ended 30 June 2025, highlighting a sharp divergence between shrinking sales, rising profits, and an unprecedented [...]
