Mabeya Davis
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Paramount Bank Hits Regulatory Milestone as Capital Rises to Sh3.1bn
Paramount Bank has crossed the Central Bank of Kenya’s (CBK) minimum core capital requirement of Sh3 billion, achieving a major regulatory milestone more than a month before the December 2025 deadline. The lender disclosed that its core capital reached Sh3.118 billion as of September 2025, a significant boost driven by a successful rights issue that…
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Kenya Approves Sh895.5 bn South Lokichar Oil Plan, First Oil Set for 2026
The government of Kenya approved the South Lokichar Basin Field Development Plan (FDP), the first petroleum project in the country to advance from exploration to full development and commercial production. President William Ruto, who signed instruments for the plan’s submission to Parliament for ratification, termed the approval a historic moment that signals Kenya’s shift toward…
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Major Shift: KCB Moves to CBK’s Tough New Loan Model
Kenya Commercial Bank (KCB) has announced it will implement the Central Bank of Kenya’s (CBK) newly issued Revised Risk-Based Credit Pricing Model (RBCPM), with the transition set to begin on December 1, 2025. The bank issued a public notice informing customers that all new local currency variable-rate loans taken from that date will be priced…
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Choice Hotels Announces Major Expansion Into Kenya by 2026
Choice Hotels International has announced entry into the African market, unveiling plans to open three franchised hotels in Kenya by early 2026. The company’s global expansion ambitions is supported by a newly signed master development agreement that could see at least 15 more properties launched across sub-Saharan and southern Africa by 2030. The Kenyan portfolio…
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Safaricom Gets CMA Nod for Sh40bn Medium Term Note Plan
Safaricom PLC has secured approval from the Capital Markets Authority to establish a Sh40 billion Medium Term Note Programme, a move that positions the telco to raise long term funding as it expands its operations and sustainability projects. The CMA approval was issued on 7 November 2025 under the Capital Markets Act and the Public…
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Kakuzi Directed to Surrender 3,200 Acres as NLC Issues Binding Settlement Orders
Kakuzi PLC has been ordered to surrender 3,200 acres of its land after the National Land Commission (NLC) issued binding directives aimed at resolving long-standing historical land injustice claims involving communities around the company’s estates. In a notice to shareholders and the public, the company said the NLC had completed its investigative hearing and issued…
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Pesapal, KCB Partner to Digitize Fuel Station Operations Across East Africa
Pesapal and KCB Bank Kenya have partnered in a region-wide initiative that will digitize operations for more than 10,000 fuel stations across East Africa by introducing advanced digital tools to improve efficiency, transparency, and access to financing in the petroleum retail sector. The integrated platform automates key processes such as fuel dispensing, sales tracking, inventory…
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CAK Clears Consult Bidco’s Takeover of Mace Consult Holding
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of sole control of Mace Consult Holding Limited by Consult Bidco Limited, saying the deal is unlikely to weaken competition in Kenya’s project management consultancy market. In the notice, the Authority said it had given the approval unconditionally after determining that the merger would…
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Sanlam Allianz Completes Amalgamation of General Insurance Businesses in Kenya
Sanlam Allianz Holdings (Kenya) PLC has announced the completion of the amalgamation of the general insurance businesses of Sanlam General Insurance Limited and Sanlam Allianz General Insurance (Kenya) Limited. The consolidation follows regulatory approval from the Insurance Regulatory Authority (IRA) and the fulfilment of all other required corporate processes, culminating in the formal completion of…
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S&P Cuts Senegal to CCC+ as Hidden Debt Crisis Deepens, IMF Talks Stall
Credit ratings agency S&P on Friday downgraded Senegal’s long-term sovereign credit rating to “CCC+” from “B-”, citing the increasingly fragile debt position of the West African nation. The agency also placed Senegal on “CreditWatch developing,” indicating that a further downgrade is possible if the government struggles to refinance upcoming commercial debt maturities. “Public-sector borrowing needs…
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Salvo Grima Kenya Plans Acquisition of 75 Percent Stake in Noble Outlook Limited
Salvo Grima Kenya Ltd has notified the COMESA Competition Commission of its plan to acquire a controlling stake in Noble Outlook Limited, signaling a major expansion of the Group’s operations in the region. According to the formal notice issued under Article 26(6) of the COMESA Competition Regulations, the company intends to purchase 22,500 ordinary shares,…
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Uchumi Surges as NSE Indices Dip in Mixed Week 46 Trading
The Nairobi Securities Exchange (NSE) closed Week 46 (7–14 November 2025) mixed, with notable gains among select counters even as the broader market indices continued to weaken. Top Movers Uchumi Supermarket led the week’s gainers, surging 34.8 percent to Sh0.79, followed by Kenya Orchards at 26.3 percent. Eveready East Africa and Sameer Africa also posted…
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EABL Raises KES 16.8bn in Oversubscribed MTN Tranche 1 Offer
East African Breweries PLC (EABL) has raised KES 16.76 billion in the first tranche of its KES 20 billion Medium-Term Note (MTN) Programme, following an oversubscription of more than 152 percent. In a statement, the brewer said it received applications amounting to KES 16.76 billion against the initial target of KES 11 billion, reflecting strong…
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HF Group Appoints Image Registrars Limited as New Share Registrar
HF Group PLC has announced the appointment of Image Registrars Limited as its new Share Registrar, effective November 3, 2025, in a move aimed at streamlining shareholder services and improving the handling of share-related transactions. In a public notice issued , the Group informed shareholders and the broader investment community that all matters relating to…
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South Africa Sets New 3 Percent Inflation Target to Bolster Economic Stability
South Africa has introduced a new inflation target of 3 percent with a 1 percentage point tolerance band, marking a significant shift in the country’s monetary policy framework aimed at reinforcing price stability and long-term economic growth. The Minister of Finance announced the new target on Wednesday following an agreement with the Governor of the…
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The Nairobi Securities Exchange (NSE) Launches NSE Innovation Lab
The Nairobi Securities Exchange (NSE) Plc has launched the NSE Innovation Lab, a strategic initiative designed to pioneer transformative digital solutions that will deepen and expand Africa’s capital markets. The Innovation Lab will serve as the Exchange’s hub for applied innovation a collaborative space where technology meets market structure to unlock new frontiers in liquidity,…
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Vodacom Partners with Starlink to Expand Broadband Access Across Africa
Vodacom Group has announced a partnership with Starlink, the world’s largest satellite broadband provider, to deliver high-speed, low-latency internet connectivity across Africa a move expected to transform connectivity for millions, particularly in underserved rural areas. The collaboration will see Vodacom integrate Starlink’s satellite backhaul into its mobile network, enabling faster expansion of broadband coverage while…
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Apple Partners with Issey Miyake for Innovative iPhone Pocket Accessory
Apple Inc. has unveiled a new collaboration with Japanese fashion house Issey Miyake, marking the tech giant’s first partnership with a fashion brand since the 2015 launch of the Apple Watch Hermès. The new product dubbed the iPhone Pocket combines cutting-edge technology and minimalist design to create a stylish yet functional accessory for the modern…
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Kalahari Cement Secures CMA Approval for East African Portland Cement Stake Acquisition
The Capital Markets Authority (CMA) has granted Kalahari Cement Limited an exemption from making a mandatory takeover offer in its planned acquisition of a significant stake in East African Portland Cement Plc (EAPC). Kalahari Cement, which was incorporated in Kenya on May 27, 2025, intends to acquire a combined 26,324,884 ordinary shares in EAPC from…
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Kenya Suspends Macadamia Harvesting and Trade to Protect Quality
The Agriculture and Food Authority (AFA) has announced a temporary suspension on the harvesting and trade of domestically produced macadamia nuts from December 1, 2025, to February 15, 2026,as part of efforts to maintain the country’s reputation for high-quality produce in global markets. The seasonal closure, issued through AFA’s Nuts and Oils Directorate, aims to…
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