Business

Africa’s aviation sector continues to grow, with airports in the southern and northern regions dominating the latest rankings of the continent’s top travel hubs. Based on the 2026 World Airport Awards—determined through global passenger surveys—Cape Town International Airport has been ranked as the best airport in Africa. Click here to …

United Bank for Africa (UBA) Kenya has returned to profit, reporting a net earnings of Sh426.8 million for the year ending December 31, 2025, a turnaround from a loss of Sh586.75 million recorded in 2024. The recovery was largely driven by a strong 76 percent increase in customer deposits, which …

The Kenya Revenue Authority (KRA) has introduced a new WhatsApp-based platform designed to make it easier for Kenyans to file their tax returns. The system streamlines the filing process, cutting the number of steps from eight to just three, with the aim of enhancing efficiency and user experience. Click here …

Safaricom’s Ziidi Money Market Fund (MMF) has posted a net profit of Sh784.2 million for the 14-month period ending December 31, 2025, supported by increased investor participation. Financial statements show the fund earned nearly Sh1 billion in income from a total of Sh14.7 billion invested by users, reflecting strong demand …

Kenyans hoping for cheaper cooking gas will have to wait longer after the government confirmed that a highly anticipated deal with a Saudi Arabian firm collapsed, delaying plans to expand supply and lower prices. Energy Cabinet Secretary Opiyo Wandayi told the Senate Energy Committee that negotiations with Saudi Aramco failed, …

Electricity prices in March recorded a slight increase, contributing to a rise in inflation to 4.4 percent, according to the latest figures from the Kenya National Bureau of Statistics (KNBS). The Consumer Price Index (CPI) data indicates that the cost of 200 kilowatt-hours of electricity rose to Sh5,689.98 in March …

The National Assembly has given the green light for the government to partially sell its shares in Safaricom to Vodacom, in a deal projected to raise about Sh240 billion for infrastructure development. On Tuesday, MPs adopted a joint report by the Departmental Committee on Finance and National Planning together with …

Acorn Investment Management Limited has reported a profit of Sh1.52 billion for the year ending December 31, 2025, marking a 9.2% rise compared to 2024. The growth was largely driven by strong results from its student accommodation real estate investment trusts (REITs). Click here to join our WhatsApp Channel Revenue …

The Energy and Petroleum Regulatory Authority (EPRA) has flagged five petrol stations nationwide for failing to meet fuel quality standards between January and March 2026. In a public notice, the regulator said it carried out a wide-ranging inspection exercise under Section 92 of the Petroleum Act 2019, which mandates continuous …

KOKO Networks has scheduled its inaugural creditors’ meeting for April 10, 2026, as administrators work to decide the company’s next steps after exiting the Kenyan market. A notice filed under the Insolvency Act indicates the virtual meeting will allow creditors to review proposals from the joint administrators and confirm claims …