Mabeya Davis
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Bright Students Win Big with AI Breakthroughs at NIRU Hackathon
The National Intelligence Research University (NIRU) has crowned Caroline Gakii, Daniel Maitethia, and Ezekiel Otieno of Meru University of Science and Technology as the overall winners of its 2025 National AI Hackathon.The trio clinched the top prize for their project, “A Low-Cost AI-Powered Digital Microscope for Accessible Cancer and Malaria Diagnosis in Kenya,” earning Sh2…
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UK Backs ALP REIT Listing on NSE Backed by Sh3.4bn
Africa Logistics Properties Holdings Limited (ALPH) has announced the participation of two major international investors in its landmark ALP Industrial Real Estate Investment Trust (ALP REIT), marking a significant milestone for Kenya’s capital markets and industrial real estate sector. The announcement was made during a bell-ringing ceremony to mark the official listing of the ALP…
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SGA Security Wins DEI Champion Award at Kenya ESG Awards
SGA Security Kenya has been recognized for its leadership in social sustainability after winning the Diversity, Equity and Inclusion (DEI) Champion Award at the Kenya ESG Awards. The honor, presented during the third edition of the awards, recognizes organizations that are embedding Environmental, Social and Governance (ESG) principles into their operations in measurable and impactful…
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CBK Approves Mpesa Number Masking for Privacy
The Central Bank of Kenya (CBK) has authorised Safaricom to implement phone number masking across Mpesa transactions in Paybill, Till, and Buy Goods. According to the CBK’s National Payments Strategy 2022–2025, the bank outlined a data protection framework tailored for digital payments, committing to facilitating the development of a framework for financial data protection. “The…
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Gulf Energy secures Sh1.9bn rig for Turkana oil
Local oil exploration and production firm Gulf Energy E&P BV has secured and contracted an onshore oil rig in the Middle East, reinforcing its commitment to deliver first oil from the South Lokichar Basin before the end of the year. In a strategic and capital-intensive move, the company confirmed it had secured the GW70 rig,…
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Imfuyo Donates 35 Goat Feed Bags in Kirinyaga
The Imfuyo Foundation has donated 35 bags of dairy goat concentrate to members of the Muthegi Agricultural Development Forum in Kagio, Kirinyaga County, in a bid to strengthen dairy goat milk production as farmers transition from subsistence farming to commercial supply. The initiative, carried out on February 11, 2026, was informed by the need to…
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CBK Warns Against Defacing Banknotes in Cash Gifts
The Central Bank of Kenya (CBK) has warned Kenyans against the growing misuse of currency notes for decorative and celebratory purposes, saying the trend undermines the integrity of the Kenya Shilling and violates the law. In a public notice issued on February 2, 2026, the Bank said it noted a growing trend in the use…
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Congo Franc Soars as Copper Boom Lifts Economy
The Democratic Republic of Congo’s franc has surged to become Africa’s best-performing currency this year, buoyed by rising foreign-currency reserves, tight monetary policy, and a global copper rally that continues to reshape the country’s economic outlook. A jump in the DRC’s foreign-currency holdings and recent policy adjustments by the central bank have powered an almost…
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Kenya Power Reports Record National Demand
Kenya’s electricity consumption has hit a new peak, rising to 2,439.06 MW on December 4, 2025, driven by surging industrial activity and increased customer connections across the country. The new milestone surpasses the previous peak of 2,418.77 MW, recorded on November 18, 2025, signalling the fastest growth in national electricity demand in recent years as…
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Understanding Kenya’s New Loan Pricing Model Rolled Out by CBK
Kenya’s lending environment is entering a new phase following the Central Bank of Kenya’s rollout of a revised loan pricing framework. The new system changes how banks calculate interest rates, how borrowers are assessed, and how the total cost of credit is disclosed. Yhe changes are technical, but their effects will be felt across households,…
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Kenya Power Shifts to Digital-Only Systems for New Connection
Kenya Power has officially stopped accepting manual electricity connection applications as it transitions fully to a digital system designed to accelerate service delivery, boost transparency, and enhance customer experience. Under the new directive, all individuals and businesses seeking new electricity connections must apply exclusively through the company’s online portal at https://selfservice.kplc.co.ke/public/, accessible via both computers…
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Inside Kenya Gulf Energy’s Revised T7 Oil Contract Shift
The Government of Kenya has signed a major addendum to the Production Sharing Contract (PSC) governing oil exploration and production in Block T7 formerly Block 13T marking one of the most significant updates to the country’s petroleum framework in recent years. The addendum, signed in November 2025, brings Gulf Energy E&P B.V. onboard as the…
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Ruto Launches Debt-Free A8 Highway in Sh170bn PPP Boost
President William Samoei Ruto on November 28, 2025, launched the Nairobi–Nakuru–Mau Summit Road (A8) and the Nairobi–Mai Mahiu–Naivasha Project, hailing the initiative as the “dawn of a new era” for Kenya. The project, valued at over Sh170 billion, is being celebrated as debt-free and is set to become one of the country’s largest modern infrastructure…
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Proparco Invests in BasiGo to Boost Electric Bus Adoption
Proparco has completed an investment in BasiGo, a Nairobi-based e-mobility start-up spearheading the transition to electric public transport in Kenya and Rwanda. The funding is expected to accelerate the rollout of electric buses and support the company’s expansion across the region. BasiGo is emerging as a leader in electric bus mobility in Africa, with more…
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FSD Africa Unveils $30m Fund to Boost Africa Insurtech
FSD Africa has announced a new $25–30 million Inclusive Insurtech Investment Fund (3iF), unveiled during the BimaLab Africa Insurtech Summit held on 26–27 November in Nairobi. The pan-African venture capital fund will target early-stage insurtech startups advancing insurance access, affordability and innovation especially in climate resilience, health, and financial inclusion for underserved populations. The Fund…
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NCBA Shakes Up Board as Muhoho Kenyatta Makes Big Return
NCBA Group PLC has announced the appointment of veteran business executive Muhoho Kenyatta as a Non-Executive Director, effective 1st December 2025, strengthening the lender’s board. In a public notice issued by Group Managing Director John Gachora, the board said it was “pleased to announce the appointment of Mr. Muhoho Kenyatta as a Non-Executive Director.” According…
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Sanlam Kenya Rebrands to SanlamAllianz, Targets Top Three Rank
Sanlam Kenya has officially rebranded to SanlamAllianz Kenya as the listed financial services firm positions itself for accelerated growth and a top-three ranking in Kenya’s insurance industry. The name change to Sanlam Allianz Holdings (Kenya) PLC, now trading as SanlamAllianz Kenya, follows the recent joint venture between South Africa’s Sanlam and global insurer Allianz creating…
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Kalahari Cement Buys 27 Percent EAPC Stake in Sh 1.6B Deal
Kalahari Cement has signed a Sh 1.6 billion share purchase agreement (SPA) to acquire a further 27 equity stake in the East African Portland Cement Plc (EAPC) from the National Social Security Fund (NSSF). In a public notice, the company confirmed it would acquire 24.3 million ordinary shares at Sh 66 per share, subject to…
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KRA Gives Fuel Stations December 31 Deadline to Comply with eTIMS or Face Penalties
The Kenya Revenue Authority (KRA) has issued a fresh reminder to all petroleum product retailers to fully implement the Electronic Tax Invoice Management System (eTIMS) for fuel stations ahead of the December 31, 2025 enforcement deadline. In a public notice dated November 25, 2025, the tax agency emphasized that all fuel outlets were required to…
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Absa Bank Announces Shift to New Risk-Based Loan Pricing Model
Absa Bank Kenya has announced plans to transition all its loan products to a new Central Bank–mandated Risk-Based Credit Pricing Model (RBCPM), beginning December 1, 2025. The move aligns the lender with guidelines issued by the Central Bank of Kenya (CBK) aimed at standardizing how banks price credit according to customer risk profiles. Under the…
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