Tag Archives: Kenya Business News

KCB Group has increased its interim dividend by 50 percent to Sh3 per share for the six months ended June 2026, following a strong improvement in its financial performance. The lender will distribute a total of Sh9.64 billion to shareholders, compared with the Sh2 per share paid during the corresponding …

BAT Kenya has reported a 2 percent increase in profit before tax for the six months ending June 30, 2026, driven by stronger export sales and rising demand for its oral nicotine pouch products despite declining local cigarette sales. The company recorded a pre-tax profit of KSh4.4 billion, up from …

A new report by the Competition Authority of Kenya (CAK) has revealed that eight out of every 10 honey brands tested in the country failed quality checks after being found to contain additives despite being marketed as “100 per cent pure and natural honey.” According to the Authority’s latest annual …

The Competition Authority of Kenya (CAK) has launched an investigation into Naivas Supermarket following allegations that a customer was charged more for a product than the advertised price. According to the complaint, the customer purchased a bottle of Hunter’s Choice at Naivas’ Thindigua branch for Sh1,120, despite the supermarket promoting …

The Communications Authority of Kenya (CA) has announced new regulations requiring businesses involved in the importation and wholesale distribution of communications equipment to obtain a new licence before operating. In a notice issued on July 21, the regulator said all entities intending to import or distribute communications equipment must apply …

Ride-hailing giant Uber is set to acquire Glovo Kenya as part of a Sh1.95 trillion ($13.2 billion) agreement to purchase Delivery Hero’s food delivery operations across 50 markets worldwide. The deal involves Delivery Hero’s businesses in Africa, Asia, the Middle East and Latin America, including Glovo’s operations in Kenya, Uganda, …

Safaricom is set for significant governance changes following the increase of Vodacom’s shareholding to 55 percent, with shareholders expected to vote on the proposed amendments during the company’s Annual General Meeting (AGM) on July 31, 2026. Among the proposed changes is a new process for appointing the Chief Executive Officer …

The Kenya Revenue Authority (KRA) has announced that bottled water produced locally or imported into Kenya will no longer attract excise duty or require excise stamps following amendments introduced through the Finance Act, 2026. In a notice released on Monday, KRA said the new measures came into effect on July …

The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …

CIC Insurance Group PLC has overhauled its senior management structure, moving its long-serving audit chief to a new role designed to spearhead the company’s modernization efforts. In a statement released by Group General Counsel and Company Secretary Gail Odongo, the Board confirmed that Mr. Muyesu Luvai has been reassigned from …