Business News
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Kakuzi Launches Loose-leaf Tea for Local Market in Diversification Push
Listed agribusiness firm Kakuzi Plc has introduced loose-leaf tea packs for the domestic market as part of its diversification strategy aimed at boosting earnings and reducing reliance on export markets. The company announced the launch of Kakuzi Pure Black Tea, now available in 250g and 500g consumer packs, marking the firm’s first quality tea brand…
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Rideence, AVA Begin Local EV Assembly in Kenya With Sh320m Deal
Rideence Africa Limited, has announced a Sh320 million partnership with Associated Vehicle Assemblers (AVA) to begin local assembly of electric vehicles in Mombasa, positioning Kenya as an emerging electric mobility manufacturing hub in East Africa. Under the agreement, the initial assembly phase will see 152 electric vehicles assembled from Completely Knocked Down (CKD) kits by…
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KOKO Networks Shutdown Leaves Workers Jobless, Millions Stranded
The sudden shutdown of KOKO Networks sent shockwaves across Kenya, catching employees and customers completely off guard. Hundreds of staff members were left reeling after the company abruptly halted operations, with many learning of the decision without warning. The move plunged livelihoods into uncertainty and brought to an abrupt end one of Kenya’s most ambitious…
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How Tanolope Consultancy Is Transforming Dairy Farming Across Africa
Tanolope Consultancy Limited is a leading dairy consultancy working with farmers and dairy enterprises across Africa to improve productivity, profitability, and sustainability. The firm provides dairy farm audits, feeding solutions, training programs, and dairy business advisory services designed for both smallholder and commercial dairy operations. The consultancy was founded by Alex Gathii, a dairy consultant…
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Digital Lending Revs Up as CBK Licences 42 New Providers
The Central Bank of Kenya (CBK) has approved licenses for 42 additional Digital Credit Providers (DCPs), bringing the total number of officially authorised digital lenders to 195. The move, announced in a CBK press release on December 30, 2025, is part of a broader regulatory effort under Section 59(2) of the Central Bank of Kenya…
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KAM Decries High Taxes and Counterfeit as Sector Struggles
The Kenya Association of Manufacturers (KAM) has decried rising taxes, high production costs and influx of counterfeits as a huge bottle-neck affecting competitiveness of the local manufacturing sector KAM said the operating environment for manufacturers has become increasingly hostile, threatening jobs, investment and long-term industrial growth. Tobias Olando, Chief Executive Officer of KAM, warns that…
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Backward Beliefs, Awareness Limit Life Insurance Uptake in Kenya
Life insurance uptake in Kenya remains critically low owing to several issues including awareness and negative perception on insurance among the public. However, industry players are banking on customer education to stir up the sector. Speaking in an exclusive interview with JEDCA MediaSanlamAllianz Life Insurance Chief Executive Officer Jacqueline Karasha said many Kenyans still do…
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Shelter Afrique Appoints New Board Leadership to Drive Growth
Shelter Afrique Development Bank (ShafDB) has named Lionel Zinsou as Chairman of the Board and Said Athman Mtwana as Vice Chairman. The appointments were made during the Bank’s 149th Board meeting on 11 December. Zinsou, former Prime Minister of Benin and a seasoned economist, brings decades of experience in global finance, investment banking, and public…
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Africa Logistics Gets CMA Approval for Industrial Dollar REIT
Africa Logistics Properties Holdings Limited (ALP) has received approval from the Capital Markets Authority (CMA) to establish a US dollar denominated Industrial Real Estate Investment Trust (REIT) and offer units to investors through a restricted offer. The ALP Industrial REIT will be structured as an Income REIT and will be required to distribute at least…
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Standard Bank Bankrolls Safaricom’s Ethiopia Expansion
Telecom giant Safaricom PLC has secured a $138 million (approximately Sh17.8 billion) financing deal to accelerate its expansion in Ethiopia which is one of Africa’s fastest-growing and most strategic telecommunications markets. The milestone financing is expected to fast-track roll-out of digital infrastructure and services, deepen mobile connectivity across Ethiopia and boost inclusion in the region’s…
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KRA Integrates iCMS and iTax to Speed Customs, Tax Refunds
The Kenya Revenue Authority (KRA) has integrated its Integrated Customs Management System (iCMS) with the iTax platform in a move aimed at improving efficiency in customs processing and accelerating tax refunds for businesses. The integration allows data from imports and exports to flow automatically between the two systems, eliminating duplication and reducing manual verification that…
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Safaricom Raises Sh20 Billion in Oversubscribed Green-Bond Sale
Safaricom Plc has successfully raised Sh20.0 billion from the first tranche of its inaugural corporate bond offering after the notes were oversubscribed by 177 percent. The teleco had initially targeted Sh15.0 billion under the first tranche of its Sh40 billion Medium-Term Note (MTN) programme, but strong demand drove total bids to Sh41.6 billion, prompting the…
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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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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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Kenya Major Banks Announce Rollout of New Risk-Based Credit Pricing Framework
Three of Kenya’s largest lenders Co-operative Bank, Equity Bank, and Standard Chartered have issued public notices announcing their transition to the Central Bank of Kenya’s (CBK) revised Risk-Based Credit Pricing Model. The shift, which begins on 1 December 2025, will change how variable-rate Kenya Shilling loans are priced, with all existing facilities expected to transition…
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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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