Mabeya Davis
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Gulf Energy to Begin Oil Production in Kenya by 2026 After Regulatory Approval
Gulf Energy Ltd, a Nairobi-based oil and gas trader that acquired Tullow Oil Plc’s crude discoveries in Kenya, plans to commence production next year, according to a top official. Tullow agreed to sell the assets to the local firm in April for Sh15.6 billion after more than a decade of unsuccessful attempts to develop the…
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KRA to Begin Validating Income and Expense Declaration from January 2026
The Kenya Revenue Authority (KRA) has announced that starting January 1, 2026, it will commence the validation of income and expenses declared in both individual and non-individual income tax returns against specific verified data sources. According to a public notice issued by the authority, the validation process will apply upon submission of the 2025 year…
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Kenya Airways, Aga Khan University Hospital Partner To Boost Medical Travel Across Africa
Aga Khan University Hospital (AKUH) has entered into a partnership with Kenya Airways (KQ), through its healthcare division KQ Health, to enhance medical travel for patients across Africa. The collaboration combines Kenya Airways’ extensive regional flight network with AKUH’s advanced medical expertise to create a coordinated system for patients seeking specialized treatment in Kenya. The…
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MTN Uganda Declares Ush 235 Billion Second Interim Dividend
MTN Uganda has announced the payment of a second interim dividend totaling Ush 235.08 billion for the nine months ending September 30, 2025. In a notice issued by the company secretary Enid Edroma, MTN said its Board of Directors approved the payment of a dividend of Ush 10.5 per share, subject to withholding taxes. “Notice…
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CMA Grants Four New Licenses to Spur Investment
The Capital Markets Authority (CMA) has issued four new licenses in a move aimed at deepening and diversifying Kenya’s capital markets, as part of ongoing efforts to enhance transparency, innovation, and financial inclusion. In the latest approvals, CMA granted a Real Estate Investment Trust (REIT) Manager License to Africa Logistics Properties Limited (ARML). The license…
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Heineken Launches First Formula 1 Season Ticket
Heineken has launched the world’s first-ever Formula 1 season ticket, marking a new milestone in its ten-year partnership with the global motorsport brand. The move celebrates an extended and expanded sponsorship deal that will see the beer giant continue to redefine the F1 fan experience across the world. Heineken confirmed it will resume the Title…
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DTB Cuts Base Lending Rate to 13.59 Percent
Diamond Trust Bank (DTB) Kenya has announced a reduction in its base lending rate for variable interest rate Kenya Shilling-denominated credit facilities from 13.77 percent to 13.59 percent per annum, effective November 1, 2025. In a public announcement, the bank said the move is aimed at easing the cost of borrowing for its customers while…
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Kenya Private Sector Growth Hits Four-Year High
Kenya’s private sector recorded its sharpest rise in business activity in nearly four years in October, driven by improved sales, higher demand, and a recovery in customer spending, according to the latest Stanbic Bank Kenya Purchasing Managers’ Index (PMI). The PMI rose significantly as companies reported a notable increase in new business inflows for the…
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Kenya Unveils First World Geothermal-Powered Green Fertilizer Plant
Kenya has unveiled the world’s first geothermal-powered green fertilizer plant in a partnership between the Kenya Electricity Generating Company PLC (KenGen) and China’s Kaishan Group Co. Ltd, marking an advancement in clean energy innovation and agricultural transformation in Africa. Speaking during the groundbreaking ceremony at Olkaria in Naivasha, President William Ruto hailed the project as…
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KEBS Orders Manufacturers To Pay Annual Standard Levy By November 20
The Kenya Bureau of Standards (KEBS) has directed all manufacturers in the country to remit the annual Standards Levy for the 2025/2026 financial year in line with the Standards Act, Cap 496 Laws of Kenya. According to Legal Notice No. 136 issued on 6th August 2025, all manufacturers are required to pay a levy equivalent…
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Kenya Issues Ksh175 Billion Securitised Bond To Fund Road Projects
Kenya will this month issue a KSh175 billion securitised bond to finance the construction of key road infrastructure, Treasury Cabinet Secretary(CS) John Mbadi announced on Tuesday. The long-awaited bond will be backed by a road maintenance levy component embedded in the retail price of fuel. The government has already secured a KSh12 billion syndicated loan…
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NSE Admits Additional Shares of Williamson Tea and Kapchorua Tea To Boost Market Liquidity
The Nairobi Securities Exchange (NSE) has announced the admission of additional ordinary shares of Williamson Tea Kenya Plc and Kapchorua Tea Kenya Plc to its official list, following approval by the Capital Markets Authority (CMA). According to the NSE, the move is expected to enhance market liquidity and widen access for investors, supporting greater participation…
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KRA Seeks Public Input On New Draft Income Tax Regulations
The Kenya Revenue Authority (KRA) has invited public participation in the development of two key tax regulations aimed at enhancing compliance and aligning Kenya’s income tax framework with international standards. In a public notice issued , the Commissioner General announced that the Authority, on behalf of the Cabinet Secretary for the National Treasury and Economic…
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Sanlam, Jubilee Allianz Finalize General Insurance Merger
Sanlam General Insurance Limited and Jubilee Allianz General Insurance (K) Limited have successfully completed the amalgamation of their general insurance businesses. In a joint statement dated November 3, 2025, the two firms confirmed that the Portfolio Transfer was finalized on November 1, 2025, after securing all necessary approvals from the Insurance Regulatory Authority (IRA) and…
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KWS Rolls Out Upgraded eCitizen Payment System, “KWSPay”
The Kenya Wildlife Service (KWS) has announced the successful transition from the old eCitizen platform to an upgraded and more efficient payment system, branded as “KWSPay.” In a joint statement issued , KWS and eCitizen Services said the new platform aims to enhance efficiency, transparency, and flexibility in payments for conservation fees and other wildlife…
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Equity, Inchcape Launch Affordable Tractor Financing Plan
Equity Bank Kenya has partnered with Inchcape Kenya Limited to roll out an affordable tractor financing scheme funding for New Holland tractors, in a move aimed at boosting agricultural mechanization and productivity across the country. Through the initiative, farmers can access up to 95 percent financing for the purchase of New Holland tractors, with flexible…
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Gov’t to List Pipeline Firm on NSE in Major Privatization Move
The government has approved plans to privatize the Kenya Pipeline Company (KPC) Limited through an Initial Public Offering (IPO) on the Nairobi Securities Exchange (NSE), in a move aimed at unlocking the firm’s full potential and empowering ordinary Kenyans to own a stake in the strategic enterprise. In a public notice, the Privatization Commission said…
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Safaricom, Huawei Unveil Kenya’s First Video Ring Tones
Safaricom, in partnership with Huawei, has launched Kenya’s first Video Ring Back Tone (VRBT) service dubbed VybCall, marking a new era in mobile personalization and entertainment. The innovation, modelled off the popular Skiza service introduced nearly two decades ago, allows customers to replace traditional caller tunes with short-form videos, offering a fresh twist to the…
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Naivas Supermarket Announces Appointment of New CEO
Naivas Supermarket has announced the appointment of Andreas von Poleske as its new Chief Executive Officer, effective November 1, 2025, marking a new phase in the retailer’s 35-year journey. He takes over from long-serving CEO David Kimani, who is credited with transforming the company from a family business into Kenya’s leading supermarket chain. In a…
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Kenya Switches China Railway Loans to Yuan, Saving Billions Yearly
Kenya has successfully converted its railway loans from China into Yuan, a move the government says will save the country about Sh27.7 billion annually in debt servicing costs. Treasury Secretary John Mbadi announced the development, saying the conversion is part of the government’s broader strategy to manage currency risks and reduce the cost of external…
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