British multinational beverage company Diageo Plc has agreed to sell its entire 65 percent stake in East African Breweries Limited and its controlling interest in spirits maker UDV Kenya to Japanese beverage firm Asahi Group Holdings in a transaction valued at $2.3 billion, net of tax and transaction costs. The landmark deal marks Diageo’s complete […]

Kenya’s leading cement and concrete products manufacturer, Bamburi Cement, has signed a $250 million (KSh 32 billion) Engineering, Procurement, and Construction deal with Sinoma CBMI Construction Co., Ltd for the construction of a turnkey clinkerisation factory in Matuga, Kwale County, marking one of the most significant industrial investments in Kenya’s construction materials sector in recent […]

Kenya’s ambitious journey toward achieving first-world economic status received a significant boost on Monday, December 15, 2025, when President William Ruto’s Cabinet approved the establishment of two transformative financial vehicles—the National Infrastructure Fund (NIF) and the Sovereign Wealth Fund (SWF). These flagship initiatives represent the cornerstone of a KSh 5 trillion development roadmap designed to […]

President William Ruto has announced a sweeping, multi-billion shilling overhaul of Kenya’s transport network, centered on aggressive decongestion projects for the Nairobi Metropolitan Region. During the Jamhuri Day celebrations held at Nyayo National Stadium on Friday, December 12, the President unveiled plans for a new, dedicated expressway linking Nairobi to Thika, alongside the immediate dualing […]

Crown Healthcare, a Kenyan medical products distributor, has secured a critical US$10 million investment from Impact Fund Denmark to accelerate construction of a large-scale pharmaceutical manufacturing plant—a strategic move aimed at combating a counterfeit medicine crisis that claims over 100,000 lives annually across Africa while reducing Kenya’s dangerous dependence on imported pharmaceuticals. The investment, equivalent […]

In a resounding demonstration of investor confidence in Kenya’s corporate debt market, telecommunications giant Safaricom PLC has announced that its inaugural green bond attracted applications totaling Ksh 41.4 billion—nearly three times the initial target of Ksh 15 billion. The exceptional demand, representing a 175.7 percent oversubscription, forced the company to exercise its full Ksh 5 […]

The Central Bank of Kenya (CBK) has opened a strategic window for retail and institutional investors to participate in government securities through two reopened fixed-coupon Treasury bonds, each targeting to raise KSh60 billion for budgetary support. The initiative, which allows entry from as low as KSh50,000, represents a significant opportunity for Kenyans to invest in […]

Family Bank has successfully closed its private placement of ordinary shares, raising a remarkable Sh8 billion and significantly oversubscribing its initial Sh6.09 billion target by 131 percent. This substantial capital raise underscores a resounding vote of confidence from the investment community in the lender’s strategic direction, particularly its focus on digital transformation and inclusive banking […]

The Kenyan government has finalized a landmark sale of its 15 percent stake in Safaricom PLC to Vodafone Kenya Limited for Sh244.5 billion, marking one of the largest divestiture transactions in the country’s corporate history. National Treasury Cabinet Secretary John Mbadi announced the deal on Thursday, December 4, 2025, positioning the proceeds as critical seed […]

Kenya’s private sector recorded its strongest performance in five years during November 2025, with the Stanbic Bank Kenya Purchasing Managers’ Index surging to 55.0, up from 52.5 in October. This marks the third consecutive month of expansion and represents the highest reading since October 2020, signaling renewed confidence in East Africa’s largest economy as it […]