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Africa’s Next Generation of Startup Leaders Selected for the Latitude59 Kenya Pitch Finals
TOP10 startups selected for the final stage of the Latitude59 Kenya Edition Pitch Competition have now been confirmed.
How a Packet on a Shelf Told a Bigger Story about Counterfeits
The investigation of shifting market dynamics revealed that a competing product, identical in appearance but lower in cost, had infiltrated regional supply chains. This silent, organized distribution of look-alike goods erodes legitimate brand revenue, compromises consumer trust, and requires continuous market surveillance and intelligence to combat effectively.
Africa Finance Corporation Raises US$524m Samurai Loan Facility
Infrastructure solutions provider Africa Finance Corporation (AFC) has closed a US$524 million equivalent dual-currency Samurai term loan facility.
Credit Bank Under Scrutiny After Auctioning Borrower's Multi-Billion Property to Itself
The suit property sits in Mavoko Municipality and was charged to Credit Bank to secure financing that has since ballooned to KSh 817.8 million.
Freight Demand Drives SGR to KSh 15.88Bn Revenue in the First Nine Months
SGR revenue rose to KSh 15.88B in the first nine months of 2025, lifted by strong freight performance and steady passenger growth. Passenger numbers reached 1.89M, up 5.95% from 2024, while freight tonnage increased 11.2% to 5.41M tonnes. Freight revenue grew to KSh 12.56B and made up 79% of total income. The gains come as Kenya prepares to take full control of SGR operations and confronts a KSh 646B outstanding loan
Marriott International Debuts in the DRC with Two Hotels
Marriott International has made its debut in The Democratic Republic of the Congo (DRC) with the openings of Protea Hotel by Marriott Kinshasa and Four Points by Sheraton Kinshasa.
Uchumi's Share Price Spikes 600% as Retailer Posts First Operating Profit in 11 Years
Uchumi posted its first operating profit since 2014, reporting 8.8 million shillings for FY25 as rental income and lower overheads supported a narrow turnaround. Sales rose 88% to 123 million, while creditor settlements reached 95% under the restructuring plan. The market reacted sharply, with the share up 200% in November and 617% year-to-date, the strongest performance at the NSE. Net income remains undisclosed and retail operations remain limited.
Bankers’ Union Blocked From Accessing StanChart's Employees' Data
Portland and Uchumi Lead NSE Midday Trade, LAPTRUST I-REIT Dominates Turnover
Uchumi rose 9.9% to extend its 617% YTD rally after reporting its first operating profit since 2014. Portland Cement climbed 9.8% to a new 11-year high as Kalahari lifted its control to 68.7%. Turnover hit 813M, driven by a 600M LAPTRUST I-REIT block.
Government Tenders to Special Groups Double to KSh 57bn in Two Years — KNBS
The overarching trend reveals a programme heavily shaped by fiscal cycles. When government liquidity tightens, AGPO shrinks; when spending resumes, allocations rise.
Kenya Grants Gulf Energy Incentives, Tax Exemptions, to Hasten Turkana Oil Plan
Kenya has granted tax and duty exemptions to Gulf Energy E&P B.V. under a newly signed addendum restructuring the production-sharing contract for Turkana’s Block T7.