The Court of Appeal has delivered a decisive blow to Cytonn Investments by dismissing all appeals connected to the collapsed Cytonn High Yields Solutions (CHYS) and Cytonn Project Notes (CPN) investment schemes, definitively confirming that more than KSh 11 billion collected from over 3,000 investors was channeled into unregulated investment vehicles that are now under […]

In a development that could reshape East Africa’s telecommunications landscape, Vodacom Group is in discussions with the Kenyan government about potentially acquiring a portion of its thirty-five percent stake in Kenya’s telecommunications giant, Safaricom PLC. According to sources who spoke to Bloomberg, the Johannesburg-based company, which already owns approximately thirty-nine point nine three percent of […]

Kenya’s ambitious attempt to regulate its burgeoning cryptocurrency sector has encountered an immediate and highly visible challenge. Just days after implementing the country’s first comprehensive Virtual Assets Service Providers Act of 2025, Bitcoin ATMs branded “Bankless Bitcoin” appeared in several major shopping malls across Nairobi, as reported by Capital Fm creating an awkward confrontation between […]

In a significant move to strengthen financial inclusion and expand credit access for Kenya’s small business sector, the Kenya Development Corporation (KDC) has injected Sh500 million into Githunguri Dairy Cooperative Society (GDC). This substantial investment represents a critical component of the government’s broader strategy to empower micro, small, and medium enterprises (MSMEs) through improved access […]

Acorn Holdings Limited, the developer behind Kenya’s popular Qwetu and Qejani student housing brands, has received authorization from the Capital Markets Authority to establish a Build-To-Rent Development Real Estate Investment Trust backed by KSh 2.20 billion in committed institutional capital, marking a significant expansion of the company’s affordable housing portfolio beyond the student accommodation market. […]

Kenya’s renewable energy landscape received a significant boost this week as Proparco, the French development finance institution, announced a strategic equity investment in the country’s 100-megawatt Kipeto wind farm located in Kajiado County. The investment, disclosed on Wednesday, November 12, represents another milestone in Kenya’s ambitious journey toward achieving 100% renewable electricity generation and universal […]

East African Breweries Limited (EABL), Kenya’s premier alcoholic beverages manufacturer and one of the most established companies listed on the Nairobi Securities Exchange, has successfully raised KSh 16.7 billion through a corporate bond issuance that significantly exceeded market expectations. The oversubscription demonstrates strong investor confidence in the company’s financial position and future prospects, marking a […]

In a significant advancement for Kenya’s financial services sector, I&M Bank has launched FX Direct, an innovative digital platform that enables business, corporate, and institutional clients to execute foreign exchange transactions in real time. The announcement, made on November 12, 2025, during a media briefing in Nairobi, marks a pivotal shift in how the bank’s […]

Nairobi – Kenya is embarking on an ambitious energy transformation agenda that seeks to more than triple the nation’s electricity generation capacity from the current 3,192 megawatts to 10,000 megawatts by 2032, leveraging strategic public-private partnerships (PPPs) with Gulf investors and other international players. This bold initiative, unveiled by President William Ruto following high-level discussions […]

Naivas Supermarket has marked a historic milestone in Kenyan retail with the appointment of Andreas von Paleske as its Chief Executive Officer, making him the first non-family member to lead the company in its 35-year history. The leadership transition, which took effect on November 1, 2025, coincided with the release of impressive financial results showing […]