Business News
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Acorn Secures CMA Nod to Launch Build-to-Rent D-REIT Backed by Sh2.2bn Investment
The Capital Markets Authority (CMA) has approved Acorn Holding Limited’s plan to establish a Build-to-Rent Development Real Estate Investment Trust (D-REIT), a move expected to accelerate the growth of affordable rental housing for Kenya’s young urban population. The new fund, known as the Acorn Build-to-Rent D-REIT (ABTR D-REIT), will allow investors to take part in…
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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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Relief for Land Owners as Cabinet Waives Interest on Settlement Loans
Thousands of landowners across Kenya can finally breathe easier after the Cabinet approved a plan to waive interest and penalties on long-standing land settlement loans. The decision, made during a Cabinet meeting chaired by President William Ruto at State House, targets borrowers under the Land Settlement Fund Board of Trustees who have struggled for years…
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Kenya’s Rising Cyber Threats: Why Securing the Digital Economy Is Now an Urgent Priority
Kenya’s digital economy is growing rapidly, but so are the threats that come with it. In recent years, the country has witnessed a surge in cyberattacks targeting both government institutions and private businesses. These incidents range from Distributed Denial of Service (DDoS) attacks to malware campaigns that disrupt essential systems and expose sensitive data. According…
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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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I&M Bank Introduces I&M FX Direct to Power Real-Time Forex Trading
I&M Bank has launched I&M FX Direct, a cutting-edge digital platform that allows business clients in Kenya to trade foreign currency directly and in real time. The platform gives customers instant access to live forex rates, eliminating delays caused by traditional manual trading and phone confirmations. The new service positions I&M Bank at the forefront…
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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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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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Safaricom Net Income Jumps 52 Point One Percent H1 2025
Safaricom has reported a 52.1 percent rise in group net income to Sh42.8 billion for the half year ended September 2025, driven by robust performance in Kenya and reduced losses in its Ethiopia operations. The telco’s service revenue grew 11 percent year-on-year to Sh199.9 billion, supported by growth in M-PESA, mobile data, and fixed services.…
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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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The Standard Chartered-London Reports An Expected Third Quarter Profit
The Standard Charted Bank reports a third quarter profit noted to be driven by the surging revenue in its wealth management and global banking divisions. The London-based bank posted a pre-tax profit of Ksh228.33 billion ($1.77 billion), marking a 3 % increase from the same period last year, surpassing the average collective estimate made by…
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