Business

LeapFrog Investments Exits Goodlife Pharmacy to CFAO Healthcare

Business, Healthcare, M&A /

LeapFrog Investments, the Profit with Purpose investor, has exitted Goodlife Pharmacy, East Africa’s largest retail pharmacy platform, to CFAO Healthcare, a distributor of pharmaceutical and medical products in Africa. This full exit follows LeapFrog’s earlier sale of a minority stake in Goodlife to CFAO Healthcare in 2022. According to Dr Biju Mohandas, LeapFrog Partner and […]

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Kenya to Sell 65% Stake in Kenya Pipeline Company via Landmark IPO as Part of State Privatization Push

Business /

Kenya’s Treasury plans to sell a 65% stake in Kenya Pipeline via IPO, to boost state privatization and attracting private sector investment. This initiative aligns with President William Ruto’s economic reform agenda, which seeks to reduce direct state involvement in commercial businesses while enhancing efficiency, transparency, and innovation in strategic sectors. The planned KPC IPO

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Little Launches Affordable Medical Cover for Drivers at Sh83 a Day

Business, Startups /

 Ride-hailing company Little, in partnership with Maisha Poa and underwriter BirdView Insurance have launched a new, budget-friendly medical insurance plan for its drivers. The initiative, named Mfanisi Go, aims to bridge the health insurance gap among Kenya’s digital taxi drivers, a segment often excluded from traditional health coverage. Mfanisi Go offers daily health cover starting

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KenGen and Nation Media Group Partner to Advance Clean Energy Adoption and Tackle Climate Change

Business /

KenGen and Nation Media Group  have partnered to accelerate the uptake of clean energy solutions and raise awareness on climate change across Kenya and the region. The collaboration will leverage KenGen’s leadership in renewable power generation and NMG’s extensive media reach to educate the public, influence policy, and promote sustainable energy practices among households, businesses,

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Family Bank Secures KSh 2.6 Billion from BII to Boost MSME Lending

Business, Women /

Family Bank has secured KSh 2.6 billion from British International Investment (BII), to expand its lending capacity to micro, small, and medium-sized enterprises across Kenya. The funding facility, classified as a 2X-qualified investment under BII’s global initiative to promote gender equality, is designed to accelerate inclusive economic growth by increasing access to trade and working

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Safaricom and PayPal Partner to Connect M-Pesa Users to Global Payment Services

Business /

Safaricom and PayPal have announced a partnership enabling M-PESA users in Kenya to transfer funds directly between their mobile wallets and PayPal accounts. This integration, now available to over 35 million M-PESA users and two million local businesses, aims to streamline access to international e-commerce, gig economy payments, and cross-border remittances. The collaboration will allow

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Sinotruk by CFAO Introduces Affordable and Medium Duty Trucks

Business /

Sinotruk, known for its affordable quality trucks in the tipper and prime mover segments, is expanding its offerings by introducing light and medium duty vehicles aimed at strengthening its market dominance across the segment. The trucks which include the Sinotruck H2 (light duty) and H3 (medium duty) models are set to revolutionize the transportation industry.

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Naivas Celebrates 35 Years with Nationwide Customer Appreciation Drive

Business /

Naivas Supermarket, is marking 35 years in Kenya with a nationwide customer appreciation drive, offering giveaways, vouchers, and surprises across all its branches. Founded by the late Peter Mukuha Kago, Naivas began as Rongai Self Service Stores and rebranded to Naivas in 2007 as it began expanding aggressively beyond Nakuru. The name “Naivas” is a

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Liquid and DropByDrop Join Forces to Tackle Kenya’s Water Loss Crisis with Smart Tech

Business /

Liquid Intelligent Technologies has partnered with DropByDrop Water Systems to revolutionize water distribution in Kenya through advanced smart water solutions aimed at curbing non-revenue water losses. According to national data, nearly 47% of water released into Kenya’s distribution networks goes unaccounted for, either lost through leaks, theft, or poor metering. The new partnership between Liquid

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IRA Urges Shift to Voluntary Insurance Products to Drive Sector Growth

Business /

The Insurance Regulatory Authority (IRA) has called on industry players to diversify their offerings and reduce over-reliance on compulsory insurance products if the sector is to realize meaningful growth and broaden its impact in Kenya. Speaking during a bancassurance forum co-hosted by Standard Chartered Bank and Prudential Life Assurance Kenya, IRA Chief Executive Godfrey Kiptum

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