Tag: Kenya

Naivas supermarket exterior featuring storefront branding, customer entrance, and modern retail expansion in Kenya.
Hot NewsBusiness

Naivas expands retail network to 114 stores nationwide in Kenya as expansion continues

Naivas grows to 114 stores across Kenya, expanding its retail network amid rising demand for organized supermarkets and steady sales growth.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya moves to secure International Monetary Fund support as rising energy prices and geopolitical tensions pressure the economy and fiscal stability.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Nigerian billionaire Aliko Dangote weighs a $15 billion refinery in Kenya, with Mombasa emerging as a leading site choice.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

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

DTB completes $9.8 million Burundi sale, ends 16-year market presence

Diamond Trust Bank sells 83.67% Burundi stake for $9.8 million, exiting the market after 16 years and reshaping its regional strategy.

Omokolade Ajayi Omokolade Ajayi
Microsoft Data Centre
BusinessTechnology

Power shortage stalls Kenya’s $1billion Microsoft data center project

Kenya’s ambition to position itself as East Africa’s digital infrastructure hub has hit a setback after a $1 billion data center project backed by Microsoft and G42 was delayed due to insufficient electricity supply. President William Ruto said the country’s current power capacity cannot sustain the scale of the proposed facility, exposing structural weaknesses in Kenya’s energy system. Energy gap…

Timilehin Adejumobi Timilehin Adejumobi
Warren Buffett, chairman of Berkshire Hathaway and global investor.
Hot NewsBillionaires

World’s richest investor Warren Buffett backs Kenya with $59 million over two years

The latest pledge brings the foundation’s total support to Ksh7.6 billion ($59 million) after the Ksh3.8 billion contribution made last year.

Omokolade Ajayi Omokolade Ajayi
Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

After $555 million profit, Equity targets Angola, Zambia, Mozambique acquisitions

After over $555 million profit in 2025, Equity Group eyes Angola, Zambia and Mozambique acquisitions as regional expansion accelerates.

Omokolade Ajayi Omokolade Ajayi
Sun Pharma Organon acquisition
Hot NewsBusiness

Sun Pharma’s $11.75 billion Organon deal set to reshape Kenyan drug market

Sun Pharma’s $11.75 billion Organon deal reshapes global pharma, with ripple effects for Kenya’s drug access and pricing dynamics.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi, Kenya's capital city.
Hot NewsBusiness

Kenya targets $150 billion biodiversity financing in UN-backed plan

Kenya plans to mobilize up to $150 billion in biodiversity financing over a decade under UN-backed BIOFIN alongside a $500 million green bond push.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
Hot NewsBusiness

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Kenya plans a $500 million green bond with World Bank support as oil price shocks and global tensions pressure its economy and financing.

Omokolade Ajayi Omokolade Ajayi