High Court declares the KES 244.5 billion Safaricom sale to Vodacom null and void
Three judges quashed the KES 244.5 billion Safaricom stake sale to Vodacom, ordering the 15 per cent back to government.
4 min read
Business
Latest business stories from across Kenya.
The second Twiga company has gone into administration
Twiga Foods Limited, now Templar Field Limited, is in administration. Its own board appointed the administrator. Claims close 15 October.
4 min read
Sidian Bank, KIE to increase loans for manufacturers
The partnership will provide MSMEs with financing, training and business support, as well as referrals to larger credit facilities as they expand.
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Co-operative Bank launches ELA banking product to support women led SMEs in Kenya
The Co-operative Bank of Kenya has officially launched ELA (Everyday Life Amplified), a banking product tailored specifically around the realities of women’s financial lives. ELA recognizes that a woman’s financial journey rarely stays in…
2 min read
CBK approves appointment of Michael Mutiga as Stanbic Bank Kenya CEO
Stanbic Bank Kenya has officially confirmed the appointment of Michael Mutiga as its new Chief Executive following regulatory approval from the Central Bank of Kenya (CBK). The board first announced Mutiga’s selection in mid-July,…
2 min read
WTO warns weakened trade rules could leave global GDP up to 10pc lower
The warning came in the WTO’s annual flagship publication, World Trade Report 2026: A Critical Juncture for the World Trading System, which examines the achievements of the multilateral trading system over the past 80 years and the…
2 min read
Meru international investment conference set for December
Meru County is positioning itself as a major investment hub, as it prepares to hold the Meru International Investment Conference, which seeks to connect investors with viable investment opportunities across the county. The Conference,…
3 min read
EPRA holds fuel prices flat for September-October cycle
Retail pump prices for Super Petrol, Diesel, and Kerosene will remain unchanged for the period covering September 15 to October 14, 2026, the Energy and Petroleum Regulatory Authority (EPRA) announced on Monday. According to the latest…
1 min read
Equity Group Ranked Among 500 Top Performing Banks Globally
Equity Group Holdings has been ranked 71st globally among 500 top-performing banks in the inaugural Forbes World’s Top Performing Banks 2026 ranking. The Kenyan lender emerged as the highest-ranked bank in East and Central Africa, placing…
3 min read
Senate orders Nairobi, Mombasa to submit pension debt plans
The Committee, chaired by Taita Taveta Senator Johnes Mwaruma, separately met Nairobi Governor Johnson Sakaja in the morning and Mombasa Governor Abdullswamad Sheriff Nassir in the afternoon to establish the status of their pension…
2 min read
KRA approves 15 vendors for electronic cargo tracking
KRA said its electronic seals used under the Regional Electronic Cargo Tracking System (RECTS) will be phased out by October 26, 2026.
1 min read
Stanbic Bank Kenya Names Michael Mutiga as New CEO
Stanbic Bank Kenya has named Michael Mutiga as its new Chief Executive after getting approval from the Central Bank of Kenya. He steps into the role at a strong moment for the bank, which posted a profit after tax of KES 6.6 billion for…
2 min read
Stakeholders urge Kenya, Tanzania to protect Mara River
Speaking during the 15th anniversary of Mara Day, stakeholders drawn from government agencies, communities, conservation organisations, universities, Water Resource Users Associations and development partners said the river requires…
4 min read
Michael Mutiga Confirmed as Stanbic Bank Kenya CEO
Michael Mutiga has been confirmed as the new Chief Executive Officer of Stanbic Bank Kenya following approval by the Central Bank of Kenya (CBK). Mutiga brings more than 20 years of leadership experience spanning banking,…
1 min read
US scraps limits on emissions from coal and gas power plants
The agency also said it would take steps to prevent future administrations from regulating power plant emissions.
3 min read
CBK Clears Ex-Safaricom Executive to Take Over as Stanbic Bank Kenya CEO
Former Safaricom executive Michael Mutiga has received regulatory approval from the Central Bank of Kenya (CBK) to take over as Stanbic Bank Kenya’s Chief Executive Officer, paving the way for him to formally assume the role. In a…
3 min read
How Kenyan Traders Can Spot a Platform Worth Taking Seriously
Kenya’s digital finance habits make online trading feel easy to enter, but that ease can hide the harder questions a trader should ask before opening an account. Anyone comparing the best trading app in Kenya should look past the first…
5 min read
Stanbic Bank confirms Michael Mutiga as Chief Executive
He takes over from Abraham Ongenge, who has been serving as CEO in an acting capacity.
2 min read
Support maritime sector to realize potential, PS urge financial institutions
Kenya’s financial institutions and the private sector have been challenged to move beyond traditional lending models and begin actively financing the country’s shipping and maritime economy, a sector described as a “sleeping giant” with…
6 min read
Investors Turn to Uganda as Fresh Cross-Border Business Opportunities Emerge
More than 150 investors, business leaders, policymakers, and private-sector stakeholders from 10 nationalities are taking part in the 2026 Uganda and Rwanda Trade and Investment Roadshow organized by Equity Group. In a statement dated…
3 min read
Bidco chair Vimal Shah says he lost Sh102.4m in forex deal
Shah said Bidco was seeking US dollars to pay for imports of raw materials when his friend and business associate, Nicholas (Nik) Nesbitt, offered to help the company access the currency.
3 min read
Government Terminates Portuguese Firm’s Proposal to Build Thuci Dam
The government has terminated a privately initiated proposal by Portugal-based company Elevolution Engenharia, S.A. to finance, design, construct, operate and transfer the proposed Thuci Dam Project. The Ministry of Water, Sanitation and…
3 min read
Parkview puts Westlands property on sale for Sh600mn
The property, located opposite Westgate Shopping Mall at the junction of Peponi Road and Mwanzi Road, is identified as LR No. 209/12174 and measures approximately 6,858 square metres.
1 min read
KRA Sets Deadline to Phase Out Government-Owned Electronic Cargo Seals
The Kenya Revenue Authority (KRA) has announced the gradual phase-out of electronic seals currently owned by the government under the Regional Electronic Cargo Tracking System (RECTS). In a notice issued on Tuesday, September 15, 2026, KRA…
2 min read