Kenya
Business, investment and infrastructure from Kenya, with the deals, numbers and policy shifts that move the market.
Latest from Kenya
Safaricom’s OneApp hits 4.7 million users
Safaricom’s unified My OneApp platform reached 4.7 million registered users as of June 29, with 1.3 million daily active users, as the telecom moves to phase out its legacy M-Pesa and MySafaricom apps. The app uses…
Family Bank’s NSE debut surges 44%
Family Bank listed on the Nairobi Securities Exchange by introduction on June 23, the largest private-sector listing in over 17 years. Its 1.66…
Kenya awards JKIA rebuild to China
Kenya signed a Ksh154.2 billion ($1.2 billion) contract with China Road and Bridge Corporation on June 23 to modernise Jomo Kenyatta International…
Kenya revives $1.2bn JKIA expansion
Kenya has appointed the Trade and Development Bank and Africa Finance Corporation to arrange $1.2 billion in financing for the expansion of Jomo…
Kenya lands €102m EU digital package
Kenya’s €102 million EU digital package from Ruto’s Brussels visit breaks down into six programmes: €37m for the Blue Raman submarine cable, €17m…
Kenya Starlink trial produces striking results
A Grow X Education and CEMASTEA study of Starlink satellite internet in 30 Kenyan schools found that within one month of installation, teachers…
Kenya wins the ICA-Africa chair
McLoud Malonza, Chair of Co-operative Bank Holdings and the Co-operative Alliance of Kenya, was elected Chairperson of ICA-Africa in Maputo on June…
Kenya Airways pursues $2bn turnaround investor
Kenya’s government is seeking a strategic investor willing to commit $1.2-2 billion to Kenya Airways through an international tender, alongside a…
Kenya near-finalises landmark EU data deal
Kenya and the EU confirmed the Data Adequacy Decision is at its final stages during President Ruto’s Brussels visit, with only a few outstanding…
Amazon LEO picks Kenya over Starlink
Amazon LEO has applied to Kenya’s Communications Authority for a 15-year international gateway licence to build its first African satellite earth…
Ruto wins Sh20.7bn EU digital deal
President Ruto secured Sh20.7 billion ($160 million) in EU digital investments during his Brussels visit on June 8: Sh15.3 billion under the…
Six pacts as Ruto visits Pretoria
President Ruto’s June 4 state visit to South Africa yielded six bilateral agreements covering trade facilitation, skills development and maritime…
Ethiopia lures Kenya’s EV makers north
Ethiopia’s target for EVs to represent 80% of new vehicle registrations by 2030 is drawing Kenya’s top electric mobility companies northward. Spiro…
Equity’s Congo goldmine: 58% profit surge
Equity Group CEO James Mwangi confirmed plans to establish two insurance businesses in the DRC as Equity BCDC posted a 58% profit jump in 2025 to…
Absa Kenya smashes Q1 profit record
Absa Bank Kenya posted Q1 2026 profit after tax of KSh 5.3 billion ($41 million), with a 20.3% return on equity. Total assets grew 10% to KSh 571.3…
Standard Chartered Kenya profit falls 26%
Standard Chartered Bank Kenya posted Q1 2026 profit after tax of KSh 3.58 billion, down 26.3% year on year, as net interest income fell 23.3% to its…
I&M Group breaks Kenya banking record
I&M Group reported Q1 2026 profit after tax of KSh 5.04 billion ($39 million), up 19.4% year on year and the first time the bank has crossed KSh 5…
Mombasa goes green as LNG ship docks
The LNG-powered CMA CGM Adventure made its maiden call at Mombasa on May 25, the first LNG-fuelled vessel ever to dock at an East African port.…