Business

Airtel Money has crossed the 10% market share mark for the first time, intensifying competition for Safaricom’s M-Pesa, whose share has dropped below 90% for the first time. Data from the Communications Authority (CA) for the September 2025 quarter shows Airtel Money’s market share rising to 10.3%, continuing a growth …

Former presidential economic adviser Moses Kuria has downplayed the growing uproar over a potential Safaricom stake sale triggered by Kiharu MP Ndindi Nyoro, saying the discussion is missing the real problem. Kuria argues that the focus on Safaricom distracts from deeper structural weaknesses in Kenya’s capital markets, particularly the long-standing …

A new petition is calling on Parliament to halt the government’s planned sale of a 15% stake in Safaricom, raising concerns about transparency, valuation, and potential long-term financial risks. Lawyer Francis Wanjiku has submitted a memorandum to the National Assembly’s Finance and Privatization committees, warning that the State could be …

Family Bank has successfully closed its private placement of ordinary shares, raising Sh8 billion—well above its Sh6.09 billion target—representing an oversubscription of 131 percent. The bank said the fresh capital will drive its digital transformation, expand lending capacity, and support growth plans both locally and regionally. Click here to join …

Kenya’s inflation rate fell slightly to 4.5 percent in November, down from 4.6 percent in October, staying comfortably within the Central Bank of Kenya’s target range of 2.5–7.5 percent. According to the Kenya National Bureau of Statistics, the modest decline was driven by lower prices of essential household items. Click …

A Chinese national has been apprehended at Nairobi’s Gikomba market after the Anti-Counterfeit Authority (ACA) confiscated 65,000 fake socks and clothing items valued at about Sh50 million — marking one of the biggest pre-holiday enforcement actions this year. The operation followed an intellectual-property complaint lodged by Spoor & Fisher on …

Kalahari Cement has purchased a 27 percent shareholding in East African Portland Cement (EAPC) from the National Social Security Fund (NSSF). The Sh1.6 billion Share Purchase Agreement, signed yesterday, covers the acquisition of 24.3 million ordinary shares at Sh66 each, pending regulatory approvals. While the deal gives Kalahari Cement significant …

Family Bank recorded a 56 percent jump in profit after tax, reaching Sh3.5 billion in the nine months to September 2025, compared to the same period last year. The lender attributed the growth to stronger interest earnings, a solid balance sheet, and effective cost management. Its loan portfolio grew by …

The Kenya National Highways Authority (KeNHA) has issued a 30-day ultimatum to individuals and companies with unauthorized billboards along national roads, directing them to take down the structures or risk enforcement measures. In a notice published in a local newspaper, KeNHA raised alarm over the persistent encroachment onto road reserves …

Consolidated Bank Group posted a pre-tax profit of Ksh 94.7 million for the nine months ending September 30, 2025, marking a remarkable 177% turnaround from a loss of Ksh 122.4 million during the same period last year and reversing a long trend of deficits. The improved performance is credited to …