Tag: Kenya

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
Hot NewsBusiness

Kenya scrambles for World Bank rescue as Iran war shakes economy

Kenya seeks World Bank support as Iran conflict-driven oil prices strain inflation, currency stability and economic growth outlook.

Omokolade Ajayi Omokolade Ajayi
Kenya Airways’ financial strain deepens after $65 million interest default.
Hot NewsBusiness

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

Kenya Airways’ recovery faces pressure after a $132.3 million loss, rising debt and stricter global rules limiting state support.

Omokolade Ajayi Omokolade Ajayi
Zenith Bank, Nigeria’s most profitable lender.
BusinessHot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Kenya fuel executives resign as state probes fuel scarcity, supply chain issues

Three Kenyan fuel executives resign as authorities investigate supply manipulation, shortages, and emergency imports.

Omokolade Ajayi Omokolade Ajayi
Kenyan businessman Suresh Bhagwanji Shah, non-executive director of I&M Group.
Hot NewsBusiness

Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Kenyan businessman Suresh Shah to receive Ksh394 million dividend as I&M Group posts Ksh18.78 billion ($145 million) profit for 2025.

Omokolade Ajayi Omokolade Ajayi