Category: Business
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The Central Bank of Kenya (CBK) has raised KSh 61.44 billion from the reopening of two long-dated Treasury bonds, reversing a weak start to its September bond sale programme. Both cleared below their market-weighted average rates of 13.72% and 14.25%, showing strong investor demand for long-dated government debt. Metric FXD1/2018/020 (20-year) FXD1/2022/025 (25-year) Bids Received…
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Kenya’s rail transport got a lift after President William Ruto unveiled the Mombasa Commuter Rail Service, a city–SGR link expected to ease congestion and boost trade. “Efficient, safe, and sustainable transport is the backbone of a strong economy. By shifting more passengers from road to rail, we lower costs, cut emissions, and make our transport…
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County governments raised KSh 67.30 billion from own-source revenue (OSR) in the 2024/25 financial year, a 62.6 percent jump from KSh 41.40 billion in the previous year. Nairobi City led in nominal collections with KSh 13.19 billion, followed by Mombasa (KSh 5.13B), Narok (KSh 5.67B), Kiambu (KSh 5.06B) and Nakuru (KSh 3.65B). At the bottom…
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Ethiopia will remove its long-standing cap on bank lending, a landmark reform expected to release 1.3 trillion birr (US$ 21.9 billion) into the economy, officials at the Ministry of Finance announced. “The release of such a large volume of credit must be accompanied by prudent monetary oversight to ensure that it does not overheat the…
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CMC Networks, Africa’s leading networking provider and a subsidiary of center3, has named Mahesh Jaishankar as its new Managing Director. Jaishankar will spearhead the company’s strategy to expand AI-driven connectivity while leveraging its deep-rooted expertise across Africa and the Middle East. He succeeds Marisa Trisolino, who stepped down as CEO in April 2025. With more than 25…
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Kenya’s electricity sector is on the verge of a significant regulatory shift. Power producers will soon be required to submit detailed annual outage schedules—or risk fines—as part of new rules designed to keep the lights on for millions of customers. Under the Draft Energy (Electricity Reliability, Quality of Supply and Service) Regulations, 2025, any generation…
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L-R, Mr. Shogo Ando, Mr. Omori Junichi, Mr. Kanwaljeet Jawa, Mr. Paul Muchiri Daikin, a global leader in air conditioning manufacturing, has officially opened its new office in Nairobi, located on the 8th floor of One Africa Place. The new office features a state-of-the-art showroom designed to showcase Daikin’s product innovations and solutions while serving…
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Man holding fuel pump at a filling station The Energy and Petroleum Regulatory Authority (EPRA) has announced a slight drop in fuel prices for the September 15 to October 14, 2025, review period. In a statement released on Sunday, September 14, EPRA confirmed that pump prices for Super Petrol, Diesel, and Kerosene will decrease marginally.…
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Alice Ngatia In today’s saturated marketplace, customers have more options than ever and far less patience. They buy from brands they understand, trust, and can predict. That trust isn’t built by a single clever campaign or a high-profile sponsorship. It’s earned through the consistent delivery of a brand’s promise, time after time. Yet some businesses,…
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Jumia East Africa Regional CEO Vinod Goel (left), and Watu Credit Country Manager, Erick Massawe. A new partnership between e-commerce leader Jumia and asset financier Watu Credit seeks to make it easier for Kenyans to own smartphones without paying the full cost upfront. Through flexible Buy-Now-Pay-Later plans, customers can purchase devices on Jumia and pay…