“Control sugar import,”local millers to the government
Local sugar millers have urged the government to control the amount of sugar entering the country, saying unplanned imports are hurting them.The millers told the National Assembly Committee on Trade, Industry and Cooperatives during its inspection of…
Co-op bank and EBRD foreign currency programme
Bank of Kenya and the European Bank for Reconstruction and Development (EBRD) have entered into a Sh13 billion ($100 million) financing programme to expand access to foreign currency funding for Kenyan businesses. Co-op Bank said that the first Sh6.5…
Airtel wind up its subsidary network
Airtel Africa is winding up its Kenyan wholesale internet and fibre-optic subsidiary, Airtel Kenya Telesonic, two years after its launch. The Registrar of Companies said the firm will be struck off the register by December 2026 following a request by the…
Cruide oil export from Turkana
Kenya is on track to export its first crude oil from Turkana in the first quarter of 2027, with production expected to begin in December 2026. EPRA Director of Petroleum and Gas Edward Kinyua said the South Lokichar Basin project is progressing within…
Standard chatered investment platform
Standard Chartered has launched a new investment platform in Kenya that gives eligible investors access to professionally managed global investment strategies as wealthy Kenyans increasingly look beyond traditional savings and local investments. The…
Stanbic bank new boss
Stanbic Bank Kenya has appointed Michael Mutiga as its Chief Executive Officer following approval by the Central Bank of Kenya. Mutiga takes over from Abraham Ongenge, who held the position in acting capacity from March 2026. This followed the…
Centum debt struggles
Centum Investment Company’s operating businesses are facing increasing pressure from debt even as the listed investment firm has managed to clear its own borrowings. The group’s bank loans rose to Sh13.6 billion, up from Sh12.2 billion in the previous…
Strict oversight for banks
The Central Bank of Kenya (CBK) has proposed stricter oversight for banks considered too important to the financial system, including Equity Group, KCB Group, NCBA Group, Co-operative Bank and I&M Bank. Reports that under the draft framework, lenders…
Pension funds offshore investment increment
Pension funds increased their offshore investments by 25% to Ksh104.99 billion in the year to June 2026 as managers sought to diversify portfolios and hedge against domestic risks. Report by the Retirement Benefits Authority (RBA) highlighted that much…
Fuel prices to rise
Kenya could face higher fuel prices and transport costs after shipping traffic through the Strait of Hormuz dropped sharply, raising concerns over imports from the Gulf. Reuters data showed only seven vessels passed through the route on Thursday, down…