Stanbic Bank Kenya and Stanbic Bank Uganda, both part of the Standard Bank Group, have successfully arranged a USD 45 million long-term funding package to support the expansion of two PepsiCo bottlers in East Africa — Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya. The transaction — comprising USD 30 million […]
Safaricom PLC has entered into a landmark partnership with Meta Platforms, through its subsidiary Edge Network Services Limited, to land a new high-capacity submarine cable in Kenya, connecting the country directly with Oman. The agreement positions Safaricom as Meta’s official landing partner for the undersea cable — marking a significant step in strengthening Kenya’s global […]
The Usahihi Nairobi–Mombasa Expressway, Africa’s largest road Public–Private Partnership (PPP) project, has officially onboarded Turner & Townsend, a global leader in program and project management, as a strategic delivery partner. Valued at $3.6 billion (approx. KSh 550 billion), the 459-kilometre expressway is one of Kenya’s most transformative infrastructure projects to date. It is set to […]
East African Breweries PLC (EABL) has issued a new KSh11 billion Medium-Term Note (MTN) under its KSh20 billion Medium-Term Note Programme, marking another major milestone in the brewer’s ongoing capital market engagements. The corporate bond, approved by the Capital Markets Authority (CMA), is set to begin trading on the Main Fixed Income Securities Market Segment […]
As part of its commitment to deepening digital inclusion in Kenya, Safaricom PLC has announced a new strategic partnership with Naivas Supermarket, in a move that will see 5G Home Internet devices made available at all Naivas outlets nationwide. The collaboration comes as Safaricom celebrates its 25th anniversary, marking a quarter century of innovation, connectivity, […]
The State Department for Housing and Urban Development has completed the process of onboarding 7,000 interns across Kenya in what is being described as one of the largest youth internship initiatives in the country’s built environment sector. The recruitment follows an August 2025 advertisement by the Public Service Commission (PSC) and marks the culmination of […]
Two promising Kenyan students, Dennis Muchemi Mabishi and Ndegwa Paul Victor, have been awarded full postgraduate scholarships under the Africa Scholarship Programme, a joint initiative by the African Risk Capacity Limited (ARC Ltd.) and Milliman Inc. The students will pursue postgraduate studies at the University of Cape Town (UCT) in South Africa in fields related […]
Equity Bank Kenya has announced a temporary service interruption affecting bank-to-mobile wallet transactions, including transfers between bank accounts and mobile money platforms such as M-Pesa and Airtel Money. In a statement posted on its official social media channels on Saturday 25th October, the bank said its technical team is working to restore services and apologized […]
Sun King, Kenya’s leading solar and energy-efficient appliances company, has inaugurated its first large-scale manufacturing facility in Africa at Tatu City, marking a major step in the country’s journey toward sustainable industrialisation and clean energy leadership. The new 7,600-square-metre plant integrates manufacturing, refurbishment, and warehousing in a single facility and has an annual production capacity […]
The Central Bank of Kenya (CBK) has formally revoked the authorisation of PayU Kenya Limited as a licensed Payment Service Provider (PSP), following the company’s decision to voluntarily cease operations in the country. In a statement issued by the CBK, the regulator confirmed that the decision follows an official application by PayU to terminate its […]
