Premium

Kenya's REITs market surges as investor appetite grows

Kenya’s REITs market capitalisation has nearly tripled in five years, reflecting rising investor interest in property through alternative, low-hassle investment channels.

By 2 days ago

StanChart rewards shareholders with Sh11.7B dividend despite profit slump

Standard Chartered Bank Kenya is maintaining a high dividend payout despite a sharp profit drop caused by a one-off pension charge.

By 2 days ago

Premium

State faces new hurdle in meeting Safaricom stake sale conditions

The National Treasury is facing growing pressure to meet strict parliamentary conditions required for the sale of a 15 per cent stake in telecoms giant Safaricom to South Africa’s Vodacom.

By 3 days ago

Naivasha businesses light up as firms rush to showcase Safari Rally-style services

An estimated 600,000 spectators are attending the four-day event, including visitors from Uganda, Tanzania and Ethiopia, injecting millions of shillings into the local economy.

By 6 days ago

Premium

End of an era as Kirubi family exits Sidian Bank in multi-billion deal

The late Chris Kirubi’s family has sold its remaining stake in Sidian Bank, marking the end of their involvement in banking and concluding a multi-billion divestment.

By 6 days ago

KCB unveils record Sh22 billion dividend payout as profit surges

The lender proposes a Sh7 per share dividend, distributing Sh22 billion to its 193,000 shareholders.

By 8 days ago

Premium

Revealed: Why local companies are shutting down

Manufacturers are appealing to the Ruto administration to turn back the tide before it's too late.

By 9 days ago

Premium

Inside Ruto's push to negotiate new IMF loan

Central to the impasse is the classification of billions in off-budget debt, including a Sh452.31 billion conversion of Chinese railway debt into a securitised loan.

By 9 days ago

Premium

Inside William Ruto-IMF fallout

President Ruto's government is resisting IMF demands for a painful debt restructuring, setting the stage for a high-stakes confrontation with the global lender.

By 10 days ago

Premium

Central Bank warns Middle East conflict could reignite inflation

Central Bank of Kenya has warned that rising tensions in the Middle East could push inflation up again and make it harder to maintain stable prices ahead of the next interest rate decision.

By 10 days ago

Premium

Ruto man Ndii rules out new negotiations with IMF team

A standoff between Kenya and the IMF over a new multi-billion-dollar loan programme deepened last week after David Ndii, declared that the country was “not negotiating” with the lender.

By 11 days ago

Premium

Ruto's economy thrown into turmoil by Iran crisis

Escalating hostilities involving Israel, the United States and Iran are shaking Kenya’s economy.

By 13 days ago

Premium

Loan talks stall as IMF tells Kenya to brace for Iran war fallout

The IMF has warned Kenya to prepare for economic fallout from the Middle East conflict as talks for a new financing programme remain stalled.

By 13 days ago

Premium

Mini-budget tests IMF austerity demands as State spending soars

The Treasury has unveiled a Sh287.4 billion supplementary budget that appears to contradict IMF demands for fiscal consolidation and wage restraint, setting the stage for tense negotiations.

By 14 days ago

GCR affirms Afreximbank ratings, removes rating watch on reduced sovereign risk

The rating agency also affirmed the international scale long-term programme rating on the bank’s $5 billion Global Medium Term Note Programme at A.

By 14 days ago

Police ink Sh1.9 billion deal with Co-op Bank to boost mobility

The National Police Service has launched a new Sh1.9 billion vehicle fleet financed through a deal with Co-op Bank to strengthen mobility and improve crime-fighting operations across the country.

By 14 days ago

Afreximbank tops Bloomberg's Africa borrower loan league tables for 2025

The rankings underscore the multilateral institution's growing dominance in mobilising large-scale capital from within and outside Africa to finance the continent's critical sectors.

By 15 days ago

Dividend boom for Absa shareholders as profit up 10pc to Sh22.9B

Absa Bank Kenya has increased its shareholder payout after reporting a 10% rise in profit to Sh22.9 billion for 2025 and declaring a total dividend of Sh2.05 per share, up 17% from the previous year.

By 15 days ago

Premium

How Kenya missed out on Sh125b World Bank project

Kenya has been excluded from a new, ambitious $972 million (Sh125.38 billion) regional World Bank programme designed to tackle youth unemployment.

By 17 days ago

Premium

The irony of JKIA unveiling airport makeover plan without funding clarity

The Kenya Airports Authority is pressing on with an ambitious multi-billion dollar plan to transform Jomo Kenyatta International Airport into a world-class aviation hub

By 17 days ago

Nairobi Water banks on new 280km piping to increase supply

Nairobi City Water and Sewerage Company (NCWSC) has launched a 5-year comprehensive strategic plan to increase water supply in the city

By 18 days ago

Premium

AG's office in the spot for hindering KenGen's cheaper power plan

The energy regulator says rules enabling Kenya Electricity Generating Company to sell cheaper electricity directly to factories are stalled at the Attorney General’s office.

By 20 days ago

Industry leaders push to accelerate social governance in brokerage

As global capital increasingly flows toward sustainable and responsible investments, there is urgent need for financial intermediaries to strengthen their ESG capacity to remain competitive.

By 21 days ago

Econetix inaugural CORSIA deal channels carbon finance to Africa

Econetix has secured its inaugural deal under the Carbon Offsetting and Reduction Scheme for International Aviation, channeling carbon finance into African climate projects.

By 21 days ago

Pesalink, PAPSS deal cuts currency barriers for Kenya cross-border payments

Pesalink has partnered with the Pan-African Payment and Settlement System to enable real-time cross-border payments in local currencies.

By 21 days ago

Premium

Sh22b tax claim at the centre of Tullow's Turkana oil sale deal

The larger-than-asset-value tax claims complicates Gulf Energy takeover, raising uncertainty over the deal’s completion as the company claims the assessment lacks merit.

By 22 days ago

African lenders bank on new infrastructure facility to bypass external funding

The Africa Infrastructure Financing Facility was formally launched during a presidential dialogue of the Alliance of African Multilateral Financial Institutions at the 39th AU Summit.

By 22 days ago

Premium

KenGen eyes direct sales to escape Kenya Power's debt trap

KenGen is prepared to bypass the national utility Kenya Power and sell electricity directly to industrial consumers.

By 23 days ago

Premium

From austerity to handouts: Ruto's Sh4.7tr pre-election budget to appease Kenyans

President Ruto's Sh4.7 trillion budget plan is designed to balance the demands of a fiscally constrained government against the immediate needs of restless Kenyans ahead of the elections.

By 24 days ago

Premium

Kenyan firms caught in tariff refund web after US court blow

Kenyan manufacturers, especially those in the apparel industry, are facing a difficult legal and administrative process to recover millions of dollars in import duties paid to the US Government.

By 24 days ago

Boost for importers, Treasury as shilling holds forex gains

The Shilling is expected to maintain its recent stability against the US dollar, boosted by strong foreign exchange reserves and improved access to external financing, analysts say.

By 25 days ago

Premium

Inside Kenya's battle to wrap up China trade pact

Kenya is under growing pressure to finalise its bilateral trade agreement with China as Beijing extends zero-tariff access to African partners.

By 26 days ago

PwC now seeks buyers for Koko Networks assets

PwC has launched a search for buyers to acquire the business or assets of the collapsed Koko Networks Ltd, as administrators move to recover value for creditors.

By 1 month ago

Premium

Insurers switch land for cash as regulators tighten capital rules

Kenyan insurers are accelerating a strategic shift away from brick and mortar assets, offloading expensive land holdings to boost liquidity and comply with regulatory demands.

By 1 month ago

Nairobi cements role as China's regional hub as 'Year of the Horse' begins

Nairobi is strengthening its position as China’s regional hub in Africa as Kenya and China deepen strategic ties, pledging expanded job creation and stronger people-to-people exchanges in 2026.

By 1 month ago

Premium

CBK lowers rate amid push for more credit access

The Central Bank of Kenya cut its benchmark interest rate on Tuesday and took technical steps designed to push commercial lending costs lower.

By 1 month ago

Co-op banks on new platform to boost client efficiency

Tier one lender Co-operative Bank of Kenya has rolled out a new treasury management system aimed at improving operational efficiency and delivering faster services

By 1 month ago

Premium

Inside CBK's tough balancing act on loan costs

CBK faces a high-stakes decision on interest rates on Tuesday, caught between a cooling economy, a massive government borrowing plan, and mounting pressure to deliver affordable credit.

By 1 month ago

Premium

Moody's affirms stable outlook for Kenya's top three banks

Ratings agency Moody's has given a stable outlook for Kenya's three largest banks, reflecting their systemic importance and solid capital buffers. 

By 1 month ago

Premium

Drop in the ocean: Why analysts have issues with Ruto's tax cuts

President Ruto’s government proposal to cut income tax for low-income earners is being dismissed by analysts as a politically driven gesture that provides minimal relief to workers.

By 1 month ago