Vodacom Moves to Rewrite Safaricom’s Rulebook at the 31 July AGM
Fourteen special resolutions at Safaricom’s AGM would formalise Vodacom’s control and the government’s board seats, brand veto, and expansion consent.
6 min read
Business
Latest business stories from across Kenya.
Why Some Kenyan Gamblers Could Soon Lose Access to Their Betting Accounts
Some Kenyan gamblers could soon lose access to their betting accounts under new provisions contained in the Gambling Control Act, 2025. The Gambling Control Act 2025 seeks to promote responsible gambling and reduce the social harm…
3 min read
Saudi Arabia’s Mabani Group Acquires Minority Stake in Tatu City’s Jabali Towers Project
Saudi Arabia’s Mabani Aljazeera Holding Group has acquired a minority stake in the Jabali Towers mixed-use development at Tatu City, in the latest foreign investment into Kenya’s real estate sector. The investment will be made through…
2 min read
TECNO Launches Global AI Portrait Project in Kenya to Promote Fair Representation
Technology company TECNO has launched a global initiative in Kenya aimed at promoting fair and authentic representation in the age of artificial intelligence (AI), as concerns grow over bias in digital imaging technologies. The company, in…
3 min read
Equity Bank Places Glee Hotel Under Administration Over Outstanding Loan
Glee Hotel has been placed under administration after Equity Bank appointed an administrator to take control of the hotel’s assets and operations as it seeks to recover an outstanding loan. In a notice dated July 6, 2026, Equity Bank…
1 min read
How Next Safaricom CEO Will be Appointed Under New Formula
Safaricom shareholders will this month vote on a series of proposed governance changes that could significantly expand Vodafone Kenya Limited’s influence over the appointment of the chief executive officer and members of the board. The…
3 min read
CMA Unveils New Plan to Monitor Cryptocurrency Wallets in Real Time
The Capital Markets Authority (CMA) is looking to strengthen its oversight of Kenya’s cryptocurrency sector by procuring an advanced blockchain analytics system that will enable real-time monitoring of virtual-asset transactions as the…
2 min read
New SGR Extension to Connect Syokimau Directly to Nairobi CBD
The Kenya Railways Corporation (KRC) has unveiled plans to extend the Standard Gauge Railway (SGR) line from Syokimau Station into Nairobi’s central business district. KRC says it has started the process of hiring a contractor to build a…
2 min read
CMA Raises Red Flag Over Special Funds With ‘Abnormal’ Returns
Capital Markets Authority (CMA) has warned managers of fast-growing Special Funds against unethical marketing, including advertising of high returns without providing investors with sufficient information and disclosures, which often masks…
2 min read
Equity CEO James Mwangi Named Africa’s First Digital Public Infrastructure Champion
Equity Group CEO Dr. James Mwangi has been appointed Africa’s Continental Digital Public Infrastructure (DPI) Champion, a role that will see him champion efforts to advance digital transformation and financial inclusion across the…
4 min read
KETRACO Unveils Ksh65B Electricity Transmission Projects for Public Review
Kenya’s electricity transmission network could soon receive a major boost after private investors tabled proposals worth up to Sh65 billion to build new high-voltage power infrastructure across several counties. The Kenya Electricity…
3 min read
Forex Income in Kenya: How Banks Make Billions from Currency – and What Individuals Can Learn
Every day, money moves across borders. A Kenyan importer pays a supplier in China. A flower exporter receives euros from Europe. A family in the United States sends dollars to relatives in Kisii, Kisumu, Meru, or Nairobi. A multinational…
11 min read
Samsung profits jump 1,800% as AI chip sales soar
South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips. The company forecast that it made 89.4tn won (£43.6bn; $58.4bn)…
2 min read
CBK Tightens Rules on Emergency Bailouts for Struggling Banks
The Central Bank of Kenya (CBK) will now be required to apply stricter rules before offering emergency financial support to struggling banks, following the enactment of a new law aimed at strengthening the country’s financial system and…
3 min read
Equity’s James Mwangi to Champion Continental Digital Public Infrastructure
Equity Group Managing Director and CEO, Dr. James Mwangi, has been appointed the Continental Digital Public Infrastructure (DPI) Champion in recognition of his leadership in advancing inclusive digital financial ecosystems and his…
3 min read
Kenya’s Steel Mills Operating at Just 36% Capacity Despite Construction Boom, Manufacturers Say
A large share of Kenya’s steel production capacity remains idle despite rising demand driven by infrastructure projects and the government’s affordable housing programme, with manufacturers blaming high production costs, cheap imports and…
2 min read
Kipenzi Sugar Plans Sh1.45 Billion Factory in Siaya to Boost Sugar Production
Kipenzi Sugar Limited plans to invest Sh1.45 billion in the construction of a sugar factory in Mur Malanga, Siaya County, in a move expected to increase local sugar production, create jobs and provide a ready market for sugarcane farmers.…
2 min read
CA Invites Innovators to Apply for 2026/2027 Regulatory Sandbox
The Communications Authority of Kenya (CA) has invited innovators, entrepreneurs, technology companies and researchers to apply for admission into its Emerging Technologies Regulatory Sandbox for the 2026/2027 financial year. In a notice…
1 min read
Relief as KRA Confirms Removal of Excise Duty on Bottled Water
Consumers and bottled water manufacturers are set to benefit after the Kenya Revenue Authority (KRA) announced the removal of excise duty on bottled water following the enactment of the Finance Act, 2026. In a public notice issued on…
1 min read
Why High Court Quashed SRC Pay Decision for Kenyan Diplomats
The High Court has nullified the Salaries and Remuneration Commission’s (SRC) decision setting the salaries, allowances and benefits of Kenya’s ambassadors, high commissioners and other diplomatic representatives, ruling that the process…
2 min read
ODPP Puts Motor Vehicles Up for Auction With Reserve Prices Starting at KSh30,000: How to Bid
The Office of the Director of Public Prosecutions (ODPP) has announced a public auction of 19 unserviceable motor vehicles and assorted obsolete and surplus assets, inviting interested members of the public to participate in the sale. In a…
2 min read
CS Mbadi Denies Plan to Raid SACCO Savings for National Infrastructure Fund
The National Treasury has rubbished social media reports claiming the government plans to raid savings from Savings and Credit Cooperative Organizations (SACCOs) to bankroll the National Infrastructure Fund. In an official statement…
1 min read
What Ruto’s New CBK Law Means for Banks, Taxpayers and Financial Stability
President William Ruto signed the Central Bank of Kenya (Amendment) Bill, 2026, into law. The reforms seek to strengthen the Central Bank of Kenya’s oversight of the financial sector, improve the way it carries out monetary policy, and…
2 min read
EACC Reveals Next Step After Court Nullifies Sh1.5 Billion Ruaraka Land Compensation
The Ethics and Anti-Corruption Commission (EACC) has announced that it will begin recovering Sh1.5 billion paid as compensation for land occupied by Ruaraka High School and Drive Inn Primary School. The move follows a Court of Appeal…
2 min read