Centum Re begins handover of 400 apartments at Nairobi's Two Rivers

Centum Real Estate has begun handing over units at its 400-apartment Cascadia development within Nairobi’s Two Rivers, with phased delivery expected through December 2026.

By Brian Ngugi 1 day ago

KCB Q1 net earnings hit Sh17.8b to join rivals in defying tough times

Growth majorly driven by growth in interest-earning assets and a drop in interest expense.

By Brian Ngugi 20 hrs ago

Equity Q1 net profit up 24pc to Sh18.3b on regional units

Equity’s regional expansion paid off, becoming the primary engine of earnings.

By Brian Ngugi 19 hrs ago

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Families feel the pinch as war-hit diaspora remittances shrink

A decline in diaspora remittances, driven by Middle East conflict and rising living costs abroad, is deepening financial pressure on Kenyan households.

By Brian Ngugi 2 days ago

Kingdom Bank deepens MSME push with Industrial Area branch

Kingdom Bank has opened a new branch in Nairobi’s Industrial Area, expanding its physical footprint into one of the country’s most concentrated hubs of MSMEs.

By Brian Ngugi 2 days ago

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Ruto's budget limbo deepens as IMF digs in on bailout conditions

The government’s fiscal planning has entered a precarious holding pattern after talks between President Ruto and IMF Managing Director Kristalina Georgieva ended without a breakthrough.

By Brian Ngugi 4 days ago

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Fuel lies: Crawling nation wrecked by wrath of Ruto's cheap fuel promise

Kenya’s record fuel price hike has exposed deep cracks in the government’s G-to-G fuel import system.

By Brian Ngugi 5 days ago

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How oil suppliers were thrown under the bus

Kenya faces an international legal battle after cancelling emergency fuel import deals it had earlier approved.

By Brian Ngugi 5 days ago

Nairobi to host mega Africa food finance summit as $100bn gap weighs on growth

Nairobi to host major Africa agri-finance summit as leaders seek solutions to a $100 billion agriculture funding gap.

By Brian Ngugi 4 days ago

Afreximbank bets on $10bn crisis fund, gold bank to bolster African sovereignty

The bank continues to champion the Pan-African Payment and Settlement System, also backed by Kenya and the MANSA digital verification platform as foundational infrastructure.

By Brian Ngugi 6 days ago

Co-op Bank posts Sh8.41 billion profit amid tough economy

Co-op Bank has reported a record 21.3 per cent jump in first-quarter net profit, as a surge in earnings from its non-banking subsidiaries helped the lender defy a broader economic slowdown.

By Brian Ngugi 7 days ago

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Ruto faces scrutiny amid concerns on 'undermined' country's sovereignty

In Mali, Burkina Faso and Niger, military juntas have severed ties with Paris and moved toward new security partnerships.

By Brian Ngugi 7 days ago

Tala strengthens customer ID checks to protect borrowers from fraud

Tala has tightened customer identity checks by requiring users to submit IDs and live selfies to curb fraud and meet new lending regulations.

By Brian Ngugi 8 days ago

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Two Rivers SEZ TRIFIC lists Sh4.8b green building fund on NSE

TRIFIC launches Sh4.8B green dollar REIT at Two Rivers SEZ to fund sustainable commercial towers and attract global investors.

By Brian Ngugi 8 days ago

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Kiosk economy: How small traders fuelled Safaricom's Sh100b profit

Safaricom’s record Sh99.7 billion profit was driven largely by Kenya’s informal “kiosk economy”, with millions of small traders using M-Pesa till numbers and digital lending services.

By Brian Ngugi 9 days ago

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Dangote favours Mombasa over Tanzania's Tanga for Sh2tr oil refinery

Africa’s richest man, Aliko Dangote says he is looking at Kenya as the location for a 650,000-barrel-a-day oil refinery he intends to build in East Africa

By Brian Ngugi 10 days ago

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State plans major audit shakeup to stem graft, wastage of funds

New reforms will strengthen internal auditors and enforce stricter accountability measures to curb corruption and misuse of public funds.

By Brian Ngugi 10 days ago

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Punitive, again: Ruto's 2026 Finance Bill revives ghost of Gen Z protests that forced retreat

Among the proposals are introduction of phone levy, water tax and sweeping powers for KRA.

By Brian Ngugi 11 days ago

Airtel takes on Safaricom with Sh5.6b data centre

The facility under construction in Tatu City, expected to be the largest data centre in East Africa.

By Brian Ngugi 11 days ago

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'Phone is not a luxury': Former LSK boss faults tax proposals

Former Law Society president says 25 per cent activation tax will punish the poor, widen digital divide

By Brian Ngugi 11 days ago

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Employers warn of rising costs, urge Ruto to protect jobs

The country’s main employers’ lobby has warned that a sharp rise in the cost of doing business was straining enterprises across sectors.

By Brian Ngugi 12 days ago

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Dangote eyes Kenya as hub to raise African capital for refinery, other projects

Africa’s richest man Aliko Dangote is considering using Kenya as a base to raise fresh capital from African investors for his sprawling industrial empire, including his giant new refinery.

By Brian Ngugi 14 days ago

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Ruto allocates more funds to sectors likely to win him votes in 2027

The newly released 2026-27 recurrent expenditure estimates show the Ruto administration has prioritised sectors likely to win him votes.

By Brian Ngugi 15 days ago

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How Nairobi bourse got its groove back

The Nairobi Securities Exchange is experiencing a major shift as rising local retail participation is reducing reliance on foreign investors and stabilising the market.

By Brian Ngugi 16 days ago

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Rogue cable firms and ISPs face jail terms, hefty fines

Communications Authority of Kenya has introduced strict rules forcing ISPs to share infrastructure, with rogue firms risking jail, fines and license loss for non-compliance.

By Brian Ngugi 16 days ago

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Forex reserves slide as Iran war tests Kenya economy firepower

Kenya’s foreign reserves have fallen sharply as the Central Bank intervenes to stabilise the shilling amid rising oil prices and global uncertainty triggered by the Iran conflict.

By Brian Ngugi 17 days ago

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Top bank chiefs reap millions in pay and perks on bumper profits

Top Kenyan bank CEOs earned multimillion-shilling pay packages in 2025 after strong profits, with KCB’s Paul Russo topping the list at Sh285.3 million.

By Brian Ngugi 18 days ago

Amsons Group pledges Sh4.5b for hospitals

Amsons Group has committed Sh4.5 billion to build 10 mother-and-child hospitals in Kenya over the next three years.

By Brian Ngugi 20 days ago

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Nairobi tops African peers in attracting big startup capital

Nairobi has become Africa’s leading hub for startup funding, attracting nearly $1 billion in 2025, though concerns remain about regulatory issues.

By Brian Ngugi 20 days ago

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Kenyans worse off than a year ago as inflation hits two-year high

Rising food and fuel prices have pushed Kenya’s inflation to a two-year high, leaving households with reduced purchasing power and worsening cost-of-living pressures.

By Brian Ngugi 20 days ago

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Energy price surge to worsen Kenya's inflation - World Bank

World Bank warns that rising global energy prices driven by Middle East tensions will worsen inflation and cost-of-living pressures in Kenya, urging targeted relief, shift to renewable energy.

By Brian Ngugi 21 days ago

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World Bank tells Kenya to protect poorest and go green amid Middle East shock

World Bank warns that a 24% surge in global energy prices driven by Middle East tensions will deepen inflation and cost-of-living pressures in Kenya.

By Brian Ngugi 21 days ago

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Ruto seeks public help to tame cost of living

Public debt servicing now consumes nearly 80 per cent of tax revenues, and domestic borrowing costs have pushed commercial lending rates above 14.8 percent. 

By Brian Ngugi 22 days ago

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Why local businesses are in race to tap China's duty-free boom

Kenyan producers racing to tap China’s new zero-tariff policy on 98 per cent of imports, which could boost exports and help rebalance a long-standing trade deficit.

By Brian Ngugi 23 days ago

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Afreximbank steps in after IMF, World Bank delay Kenya's funds

Afreximbank has stepped in with emergency funding for Kenya and regional economies after delays in IMF and World Bank disbursements amid tightening conditions and external economic shocks.

By Brian Ngugi 23 days ago

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Ruto's high stakes fiscal gamble in bid to implement election pledges

President William Ruto faces dwindling fiscal options and growing political headwinds as Kenya’s economy slows and an election just 16 months away.

By Brian Ngugi 25 days ago

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Ruto opts for electric cars to escape high fuel prices

Treasury is seeking to lease 600 electric vehicles and install 70 DC fast chargers as as millions of Kenyans bear the brunt of government policies that continue to drive fuel prices.

By Brian Ngugi 26 days ago

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Africa urged to plug leakages, mobilise local capital as global funding dries up

Africa has the capacity to mobilise $1.43 trillion from various domestic revenue sources and efficiency gains from better public finance management

By Brian Ngugi 27 days ago

Afreximbank launches third AfCFTA bootcamp, firms urged to tap trade pact

The programme is designed to equip participants with practical skills to identify trade opportunities, manage export-import operations, and navigate trade finance.

By Brian Ngugi 27 days ago

Martin Nang'ole confirmed as Nairobi Water Managing Director

Mr Nang’ole has been serving as Acting Managing Director since September 2025 and previously held the position of ICT Director at the company.

By Brian Ngugi 27 days ago