Latest posts
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Absa, Vivo Energy Kenya sign financing deal to support Shell station expansion
Absa Bank Kenya and Vivo Energy Kenya, the distributor and marketer of Shell products in the country, have signed a financing partnership aimed at helping service-station dealers expand their businesses and secure long-term operating locations. Under the memorandum of understanding, eligible Vivo Energy dealers will have access to tailored financing to pay landowners rent in…
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Mawingu Foundation to Push Integrated Healthcare Infrastructure at UNGA81
Mawingu Foundation will bring governments, healthcare providers, technology companies and investors together at the United Nations General Assembly on Wednesday to push for greater investment in the infrastructure needed to deliver digital healthcare in underserved communities. The Kenyan foundation will host a side event focused on combining internet connectivity, reliable electricity and clinical technology, arguing…
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Twiga Foods enters administration
Twiga Foods Limited has entered administration and Mohamed A. Mohamed of Maawiy Financial Advisory Limited has been appointed Administrator by the Board of Directors effective September 2026. Templar Field Limited, formerly known as Twiga Foods Limited follows an earlier adminstration of one GT Flow Limited, another Twiga Foods subsidiary (formerly known as Twiga Foods One…
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Kenya Court Voids $1.6 Billion Safaricom Stake Sale to Vodacom
Kenya’s High Court has nullified the government’s sale of a 15% stake in Safaricom Plc to Vodacom Group, ruling that the multibillion-shilling divestiture violated the Constitution and applicable laws and ordering the shares to be restored. The decision threatens to unwind a transaction worth about KSh204 billion ($1.6 billion) that was completed in June after…
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Airtel Africa winds up Kenya fibre venture after two years without revenue
Airtel Africa is winding up a Kenyan wholesale fibre business after two years in which the unit failed to generate revenue, underscoring the difficulties facing new entrants to one of east Africa’s most developed telecommunications markets. Airtel Kenya Telesonic Limited, established to provide wholesale fibre capacity and high-speed data transport to telecom operators, internet service…
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Stanbic Bank Kenya appoints Michael Mutiga as CEO
Stanbic Bank Kenya has appointed Michael Mutiga as its chief executive after receiving regulatory approval from the Central Bank of Kenya, the lender said on Tuesday. Mutiga, a former senior executive at Kenyan telecommunications company Safaricom, takes over as Stanbic seeks to build on strong financial results in the first half of the year. Stanbic…
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KCB Signs Deal With Kenya’s Public Universities to Finance Green Campus Projects
KCB Bank Kenya has signed an agreement with the country’s public universities to help finance investments in renewable energy, energy efficiency and other technologies aimed at cutting operating costs and improving climate resilience across campuses. The partnership will support projects including solar power systems, energy-efficient infrastructure, clean cooking technologies, waste-management systems, biogas, solar water heating…
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NCBA Targets Kenyan Diaspora Wealth as Remittances Shift Toward Investment
NCBA Bank is expanding its push to turn money sent home by Kenyans living abroad into longer-term investments, targeting a diaspora market that is increasingly using overseas income to buy property, build businesses and accumulate wealth in Kenya. The lender’s latest push followed a multi-city engagement tour in the United Kingdom, part of its 2026…
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HassConsult Bets on Social Connection to Drive Kenya Property Values
Kenyan property developer HassConsult is betting that social connection and resident experiences can become a new source of value in a housing market traditionally driven by location, size and specifications. The company has introduced Elevate by Hass, a resident-experience platform that brings fitness, wellness, dining, entertainment, work and community activities into its residential developments. The…
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Zamara Secures Amethis Investment to Accelerate Digital and Pan-African Expansion
Pan-African financial services group Zamara has secured an investment from Africa-focused private equity firm Amethis as it prepares to accelerate spending on technology, digital capabilities and expansion across the continent. The companies announced the completion of the investment on September 9, marking a new phase for the Nairobi-based group, which has grown from an actuarial…