Category
Business
Businesses Take a Hit as Police Blockades Bring Nairobi to a Standstill
Police blockades that sealed off Nairobi's major roads on June 25, 2026 cost the capital an estimated 11.2 billion shillings in a single day, forcing thousands of businesses to shut their doors and leaving commuters stranded as the city braced for protests marking two years since the 2024 Gen Z anti-Finance Bill demonstrations.
State Plans to Ease Airline Restrictions in Drive to Grow Tourist Arrivals to 5 Million by 2028
The Kenyan government plans to ease airline restrictions and increase international flight frequencies in a push to grow annual tourist arrivals from 2.7 million to 5 million by 2028. Tourism PS Julius Bitok outlined the strategy at the KAHC Annual Symposium in Malindi on June 27.
Govt to Construct New Terminal and Upgrade Runways at Wilson Airport
The Kenyan government has announced sweeping plans to modernise Wilson Airport, including the construction of a brand new passenger terminal and extensive runway works. Aviation and Aerospace Development Principal Secretary Teresia Mbaika confirmed the upgrades, which come as the airport now handles close to 800,000 passengers annually despite being built for just 20,000.
Court of Appeal Clears Way for Sh204bn Safaricom Stake Sale to Vodacom
Kenya's Court of Appeal has lifted the suspension blocking the government's planned Sh204 billion sale of a 15 percent Safaricom stake to South Africa's Vodacom, clearing the way for the deal to proceed. The transaction had faced repeated legal challenges from citizens and former Vice President Kalonzo Musyoka over data sovereignty and constitutional concerns.
Kenya Lands Ksh7.8 Billion German Cooperation Deal for 2026-2028
Kenya has concluded a landmark financial and technical cooperation agreement with Germany worth Ksh7.8 billion, spanning the 2026 to 2028 period. The deal covers renewable energy, digital transformation, agribusiness, and skills development, cementing one of Kenya's most significant bilateral partnerships in recent years.
Ruto Challenges Banks to Lend More to Kenya's Small Businesses
President William Ruto has put Kenya's banking sector on notice, urging lenders to dramatically scale up credit to micro, small, and medium enterprises on World MSME Day, warning that locking out small traders is costing the country its economic future.
Owners of 14 Riverside Complex Seek to Block Sh10.6bn Debt Enforcement
Cape Holdings, owners of Nairobi's 14 Riverside complex and the DusitD2 hotel, have filed a High Court petition to block enforcement of a Sh10.68 billion judgment by hire purchase lender Synergy Industrial Credit, arguing that Sh9.01 billion of the total sum represents compound interest that accrued improperly while the original arbitral award was legally void.
Absa Bank Kenya CEO Abdi Mohamed Steps Down, Tipped for New Role
Abdi Mohamed has stepped down as Absa Bank Kenya's CEO after three years in the role, with industry sources tipping him for a move to another Kenyan lender. His exit comes as Absa Group pushes a Sh31 billion buyout offer and the bank navigates a challenging first quarter of 2026.
Kenya's ICT Imports Hit Record High Amid Data Centre and AI Investment Surge
Kenya's ICT equipment imports surged to a record Sh12.45 billion in April, more than doubling the March figure, as demand for servers, storage units, and telecoms gear signals a major wave of data centre and AI investment. The boom comes even as the country remains heavily dependent on imported technology, spending Sh28 for every Sh1 earned from ICT exports.