Tag: Kenya

Zarin Merali, Naushad Merali’s widow
BusinessHot News

Kenya’s Merali family expands empire with $2.6 million pharma plant

Kenya’s Merali family is expanding its industrial footprint with a $2.6 million pharmaceutical glass manufacturing plant in Mombasa’s Dongo Kundu SEZ.

Omokolade Ajayi Omokolade Ajayi
Wicknell Chivayo and President William Ruto
BusinessHot News

Zimbabwean businessman Wicknell Chivayo plans $200 million Kenya investment

Wicknell Chivayo plans to invest $200 million in Kenya through infrastructure projects as he expands his business interests across Africa.

Omokolade Ajayi Omokolade Ajayi
EABL-DIAGEO DEAL
BusinessHot News

Kenya approves Diageo’s $2.3 billion EABL stake sale to Asahi

Diageo EABL stake sale gets Kenya approval, clearing Asahi’s $2.3 billion entry into East Africa’s beer market.

Timilehin Adejumobi Timilehin Adejumobi
Kenya set to receive $400 million in emergency World Bank funds ,
BusinessHot News

Kenya set to receive $400 million in emergency World Bank funds

Kenya is set to access about $400 million in emergency World Bank financing as Ebola, El Niño and high energy costs pressure the economy.

Oluwatosin Alao Oluwatosin Alao
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Uber sharpens focus on Kenya after exiting Nigeria, Uganda and Tanzania

Uber exits Nigeria, Uganda and Tanzania while keeping Kenya as a key African market amid rising costs and a push for profitability.

Omokolade Ajayi Omokolade Ajayi
Kenya bets $92.7 million on Mombasa to drive jobs, manufacturing and exports
BusinessHot News

Kenya bets $92.7 million on Mombasa to drive jobs, manufacturing and exports

Kenya is investing $92.7 million in a Mombasa special economic zone expected to create 10,000 jobs and boost manufacturing and exports.

Oluwatosin Alao Oluwatosin Alao
ARC-Ride
BusinessTechnology

Kenyan EV maker ARC Ride raises $33.3 million to expand across Africa

ARC Ride raises $33.3 million to expand electric motorcycles and battery swapping into Ghana, South Africa, Tanzania and Uganda.

Timilehin Adejumobi Timilehin Adejumobi
Jabali Towers
LuxuryBusinessExclusive

Kenya’s newest skyscraper isn’t in Nairobi—and it’s already 80% sold

Kiambu is set to host Kenya’s tallest building outside Nairobi as Tatu City advances plans for the $55 million Jabali Towers.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Office
BusinessHot News

Standard Bank targets East Africa after $1.61 billion first-half earnings

Standard Bank is targeting deeper growth in East Africa after reporting $1.61 billion in first-half earnings, as Absa and Nedbank expand in Kenya.

Omokolade Ajayi Omokolade Ajayi
Workers sorting avocados at Kakuzi Plc processing facility in Kenya
BusinessHot News

Kenya’s Kakuzi profit plunges 97.6% as avocado, macadamia sales weaken

Kakuzi Plc's half-year profit plunged 97.6 percent amid lower avocado volumes, weak macadamia prices, and shipping delays.

Omokolade Ajayi Omokolade Ajayi
Kenyan investment manager Christine Mwangi
BusinessHot News

Kenyan manager Christine Mwangi steers AgDevCo Ventures to $49 million first close

Christine Mwangi leads AgDevCo Ventures to a $49 million first close to fund early-stage agribusinesses across East Africa.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB posts $75.7 million half-year profit as loans, deposits grow

DTB posted a KSh9.8 billion ($75.7 million) H1 2026 pretax profit, up 37 percent amid strong regional digital banking growth.

Omokolade Ajayi Omokolade Ajayi