In a strategic move poised to reshape Kenya’s tourism landscape, Africa Travel Investments, a prominent tourism-focused investment firm with the robust backing of Africa’s wealthiest individual, Aliko Dangote, has successfully acquired Pollman’s Tours and Safaris, the oldest and one of the most revered tour operators in Kenya. The Competition Authority of Kenya (CAK) granted its […]

When Sanlam Kenya Plc unveiled plans on April 3, 2025 to raise KSh 2.5 billion via a rights issue, the share price initially jumped to KSh 10.35—an unexpected reaction to what investors usually see as dilutive. Yet by May 9, the stock had retraced sharply, trading at KSh 5.88, a 43% plunge that brought it […]

In a milestone achievement for East Africa’s telecommunications industry, Safaricom PLC (NSE: SCOM) reported total revenue of KES 388.7 billion (approximately $3 billion) for the year ended March 31, 2025—an 11.2 percent increase over the prior year. Net income climbed 10.8 percent to KES 69.8 billion, while Earnings Before Interest and Taxes (EBIT) surged 29.5 percent to KES 104.1 billion. The Board approved a total dividend payout of KES 48.08 billion, […]

Kenya is intensifying its efforts to revolutionize the water and sanitation sector, placing a strong emphasis on climate resilience, digital innovation, and private sector investment. This strategic shift comes ahead of the Kenya Water and Sanitation International Conference and Exhibition 2025, scheduled for June 23 to 27 at PrideInn Paradise Beach Resort in Mombasa. A […]

Prime Cabinet Secretary Musalia Mudavadi embarked on a landmark visit to Washington, D.C., this week, underscoring the deepening ties between Kenya and the United States. On May 6, 2025, he met with Congressman Brian Mast, Chairman of the U.S. House Foreign Affairs Committee, at Capitol Hill, lauding America’s steadfast support in promoting peace and regional […]

Absa Bank Kenya has stepped in to ease the burden on its most vulnerable customers, announcing the restructuring of Ksh 3.4 billion (approximately $26.35 million) in loans during 2024. Faced with the twin challenges of surging costs of doing business and squeezed household budgets, many Kenyans found themselves teetering on the edge of default. Absa’s loan‑restructuring initiative offers […]

In a move set to reshape the region’s real estate landscape, Centum Real Estate (Centum Re) and KCB Bank have signed a strategic partnership to deliver more than 10,000 housing units across East Africa. Announced on May 5, the deal brings together one of the region’s leading property developers and a banking group with deep […]

In late April 2025, Kenyan President William Ruto embarked on a highly anticipated state visit to China. The trip came at a time when many had speculated that it would focus on securing further loans for Kenya’s infrastructure development. However, President Ruto sought to dispel such notions during his remarks at the Cooperative University on […]

Hewani Energy has unveiled plans to inject USD 250 million (approximately Ksh 33 billion) into the Meru Wind-Solar Energy Project in Kandebene Sub-Location, Tigania West Constituency. Slated for completion within three years, the hybrid facility will generate 220 megawatts of clean electricity—enough to power more than 400,000 homes—and marks one of Kenya’s largest rural renewables […]

Kenya has taken a bold and strategic step toward completing its Standard Gauge Railway (SGR) network to the Ugandan border town of Malaba — a move that could redefine the country’s economic geography and shift the narrative on infrastructure financing in East Africa. Following President William Ruto’s recent visit to Beijing and high-level talks with […]