Business

EABL Hikes Half-Year Dividend to Sh4 per Share

East African Breweries Limited (EABL) has proposed an interim dividend of Sh4 per share for the half-year ending December 31, 2025, up from Sh2.5 per share during the same period in 2024. The increase follows a 38 percent jump in net profit, which rose to Sh11.2 billion. Click here to …

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Kenya Sees Slight Drop in Inflation in January

Lower costs for transport, food, and internet helped bring Kenya’s inflation down to 4.4 percent in January, slightly below December’s 4.5 percent, according to the latest data. The Kenya National Bureau of Statistics (KNBS) Consumer Price Index (CPI) report shows that inter-town bus and matatu fares fell by 1.9 percent, …

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Lavington Tops Nairobi Suburbs in House Price Growth

House prices in Lavington saw the highest growth among Nairobi suburbs in the fourth quarter (Q4) of 2025, according to the latest HassConsult Q4 House Price Index. Prices in Lavington rose by 2.8%, followed by Westlands at 2.6% and Karen at 2.4%. Overall, property prices across 18 city suburbs increased …

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Court Orders Streamlining in High-Stakes Directline Dispute

The court has urged parties involved in the long-running ownership dispute over Directline Assurance Company, a leading insurer for Public Service Vehicles, to consolidate and streamline their multiple pending applications. The aim is to allow the case to focus on the main issues of directorship and shareholding. Click here to …

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TotalEnergies Loses Land Ownership Case in Nairobi Court

The Environment and Land Court in Nairobi has dismissed a constitutional petition filed by TotalEnergies Marketing Kenya PLC and Gapco Kenya Limited, finding that the dispute should have been pursued through a regular civil lawsuit rather than a constitutional claim. In his decision, Justice J.G. Kemei upheld a preliminary objection …

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Tanzanian Tycoon Injects Sh25.8bn into Portland Cement

East African Portland Cement (EAPC) is set to quadruple its output over the next three years after its majority shareholder committed $200 million (Sh25.8 billion) toward expanding and modernising the company. Kalahari Cement, a subsidiary of Tanzania-based Amsons Group which owns a 69 per cent stake in EAPC, will provide …

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Nedbank Makes Offer to Acquire 66% of NCBA Group

South African lender Nedbank Group has submitted a tender offer to purchase approximately 66 percent of NCBA Group’s ordinary shares, which would give Nedbank a controlling interest in the Kenyan financial services company if the deal goes through. The remaining 34 percent of NCBA shares would continue to be traded …

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No Need to Worry: Gov’t Assures Stable Sugar Prices Amid Production Drop

The Kenya Sugar Board (KSB) has reassured Kenyans that sugar prices will remain stable, despite recent production challenges that have raised concerns about supply. In a statement on Thursday, January 22, KSB CEO Jude Chesire said the country’s sugar supply is secure, even as demand grows due to population increases, …

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Share Sale Won’t Change Safaricom, CEO Says

Safaricom has reassured the public that it will continue to be a Kenyan-owned and operated company, stating that the planned sale of some shares will not affect its day-to-day operations, governance structure, or regulatory oversight. Speaking before the Joint Parliamentary Committees on Finance and National Planning, and Public Debt and …

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Dealers Fear Job Losses If Vodacom Takes Over Safaricom

The Safaricom Dealer Association has expressed concerns that the government’s plan to sell a portion of its stake in Safaricom to Vodacom could undermine the dealer-based network that has been central to the company’s nationwide distribution model. The government is reportedly in the final stages of selling a 15 percent …

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