Business
Diageo to Net Ksh.296 Billion After EABL Sell to Japan’s Asahi Group
December 17, 2025
Diageo to Net Ksh.296 Billion After EABL Sell to Japan’s Asahi Group
Diageo is set to net approximately Ksh.296 billion (about $2.3 billion) after agreeing to sell its controlling stake in East…
NSE Halts EABL Shares Trading Following Acquisition News by Japan’s Asahi Group
December 17, 2025
NSE Halts EABL Shares Trading Following Acquisition News by Japan’s Asahi Group
The Nairobi Securities Exchange (NSE) temporarily halted trading in East African Breweries Plc (EABL) shares after the company released a…
Kenya Airways Announces Interim CEO as Kilavuka Exits Ahead of Time
December 17, 2025
Kenya Airways Announces Interim CEO as Kilavuka Exits Ahead of Time
Kenya Airways (KQ) has entered a new leadership transition phase as its long-serving Group Managing Director and Chief Executive Officer,…
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Eritrea has withdrawn from the East African regional bloc IGAD, accusing the organisation of “becoming a tool against” countries like…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…