Business

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 …

The Communications and Multimedia Appeals Tribunal has approved the Communications Authority of Kenya’s (CA) move to cancel six broadcasting licences held by Standard Media Group PLC due to unpaid fees totaling Sh48.87 million. In its ruling, the tribunal dismissed the media house’s appeal, confirming that the planned revocation was lawful …

NCBA Group has boosted its dividend by 22.5 percent to Sh7.1 per share following a Sh1.5 billion increase in net profit to Sh23.4 billion for the year ending December 31, 2025. This marks an increase from the Sh5.5 per share payout issued in 2024. Group CEO John Gachora said shareholders …

The Policyholders Compensation Fund (PCF) has taken over the operations of three insurance companies that were recently placed under statutory management. In a statement, PCF confirmed it now has full authority over the firms’ management, business activities, and overall operations throughout the statutory management period. Click here to join our …

Kenya Airways (KQ) has reported a net loss of Sh17.2 billion for the year ending December 31, 2025, a sharp reversal from the Sh5.4 billion profit recorded in 2024. The airline linked the loss mainly to the temporary grounding of three wide-body aircraft, which disrupted its operations during the year. …