Business
New Norm: Major Banks Revise Lending Rates as CBK Lowers Benchmark Rate
December 16, 2025
New Norm: Major Banks Revise Lending Rates as CBK Lowers Benchmark Rate
DTB, Equity Bank and KCB have issued notices confirming new loan structures for both new and existing variable-rate loans. The…
ALP Industrial REIT Seeks Ksh.3.8 Billion From Local Investors as it Eyes NSE Listing
December 16, 2025
ALP Industrial REIT Seeks Ksh.3.8 Billion From Local Investors as it Eyes NSE Listing
ALP Industrial Real Estate Investment Trust has opened a restricted offer to raise up to $30 million (about Sh3.88 billion)…
Showmax to Leverage Airtel Money’s 2.1 Million Clientele in its African Market Dominance Push
December 16, 2025
Showmax to Leverage Airtel Money’s 2.1 Million Clientele in its African Market Dominance Push
Airtel Money has partnered with Showmax to make it easier for customers to pay for their subscriptions directly from their…
Eritrea Quits IGAD as Tensions Rise with Ethiopia
December 15, 2025
Eritrea Quits IGAD as Tensions Rise with Ethiopia
Eritrea has withdrawn from the East African regional bloc IGAD, accusing the organisation of “becoming a tool against” countries like…
Kenyan Athman Mtwana Among Appointees as Shelter Afrique Makes Changes at Board Leadership
December 15, 2025
Kenyan Athman Mtwana Among Appointees as Shelter Afrique Makes Changes at Board Leadership
Shelter Afrique Development Bank (ShafDB} has announced the election of Mr. Lionel Zinsou as Chairman of the Board of Directors…
Tanzania’s Amsons Group Seals $600 Million Energy Deal in Zambia
December 10, 2025
Tanzania’s Amsons Group Seals $600 Million Energy Deal in Zambia
Tanzania’s industrial conglomerate Amsons Group has signed a US$600 million renewable energy agreement in Zambia to develop a 1-gigawatt (GW)…
Shake Up in Kenya’s Cement industry as NSSF Completes Sale of EAPCC Stake to Amsons Group
December 9, 2025
Shake Up in Kenya’s Cement industry as NSSF Completes Sale of EAPCC Stake to Amsons Group
The National Social Security Fund (NSSF) completed the sale of its 27 per cent stake in East African Portland Cement…
Absa Opens Kenya-First Mobile Branches in Customer Centricity Drive
December 9, 2025
Absa Opens Kenya-First Mobile Branches in Customer Centricity Drive
Absa Bank Kenya has unveiled two Kenya-first service innovations, the Branch on the Move and the Service Pod, in a…
KenGen Assures Kenyans of Stable Power Supply Ahead of Festivities
December 8, 2025
KenGen Assures Kenyans of Stable Power Supply Ahead of Festivities
Kenya Electricity Generating Company has reassured Kenyans of stable and adequate power supply through the festive season, citing strong performance…
Family Bank’s Private Share Placement 131% Oversubscribed at Ksh.8 Billion
December 8, 2025
Family Bank’s Private Share Placement 131% Oversubscribed at Ksh.8 Billion
Family Bank has raised just over Ksh.8 billion through a private share placement launched in November 2024, significantly exceeding its…