Exclusive

Publication

Byline

Kenya saves Sh22 billion after China SGR loan deal

Nairobi, July 5 -- Kenya cut annual repayments on Chinese loans by Sh21.61 billion in the financial year ended June 2026 after restructuring standard gauge railway (SGR) debts, easing pressure on the ... Read More


From bank teller to CEO: Of Abdi Mohamed's 32-year rise at Absa Bank and chasing new peaks

Nairobi, July 5 -- When the Business Daily exclusively broke the news of Abdi Mohamed's departure from his post as chief executive officer (CEO) of Absa Bank Kenya, the reaction from the financial and... Read More


Centum, Mi Vida plan asset-backed securities to get long-term funding

Nairobi, July 5 -- Centum Investment Company and Mi Vida Homes are in a race to raise funds from the country's first real estate asset-backed security in the private sector as the two firms grapple wi... Read More


The founder's dilemma: Question behind Kenya's biggest listing in 17 years

Nairobi, July 5 -- For years, companies have listed in the stock market to raise capital, expand operations, invest in new opportunities or strengthen their balance sheets. While these remain importan... Read More


Guaranteed buyout for Absa Bank Kenya owners capped at 10,000 shares

Nairobi, July 5 -- Absa Group of South Africa will accept all offers of 10,000 shares and below for each shareholder in its purchase of an additional 16.5 percent stake in Absa Bank Kenya, sparing sma... Read More


Relief for oil marketers as State clears Sh8bn subsidy arrears

Nairobi, July 5 -- The State paid oil marketers Sh7.9 billion for the fuel subsidy scheme last month, helping ease cash flow woes that had hit the industry amid high operational costs. Kello Harsama,... Read More


Agriculture sector parastatals set to lose lending powers

Nairobi, July 5 -- The government plans to strip three agricultural parastatals of their lending powers, and instead consolidate State-backed financing for farmers under a single institution to curb m... Read More


Nahashon Mungai: The banker behind Mansa-X, the multi-billion fund

Nairobi, July 5 -- Panama hat. Cream-on-cream monochrome aesthetic. A popular and expensive cologne that conveys, if not power, then success. It's not a menswear line; it is how Nahashon Mungai stride... Read More


Inside the World Bank's tough terms for new loans to Kenya

Nairobi, July 5 -- The World Bank has set more than 10 conditions to unlock a new round of funding for Kenya, including the disclosure of the personal interests of public officials and the publication... Read More


Del Monte loses Sh44m double claim over damaged rail cargo

Nairobi, July 5 -- The High Court has dismissed fruit processor Del Monte Kenya's claim against Kenya Railways Corporation for a consignment of pineapple products damaged in transit, ruling that the c... Read More