Tracks performance, strategy, and major moves across Kenya’s corporate landscape. Reports on financial results, leadership changes, and strategic developments within local and multinational firms.
L’Oréal East Africa has expanded its presence in Kenya’s fast-growing personal care market with the launch of a new roll-on deodorant range under its trusted Nice & Lovely brand. The move marks the company’s entry into the country’s KES 5 billion hygiene segment, offering seven alcohol-free variants designed to provide up to 48 hours of protection while remaining affordable for Kenyan consumers.
Standard Chartered Bank Kenya has issued a stark ultimatum to Nakumatt Investments Limited: clear your KSh 1.9 billion debt within 90 days, or watch your properties go under the hammer.
Carrefour noted that equipping employees with standardised and globally competitive skills would help prepare workers for the evolving demands of modern retail operations while supporting Kenya’s broader workforce development agenda.
CMA has moved to bring robo-advisors and digital investment platforms into its licensing framework, responding to an explosion in app-based trading among tech-savvy Kenyans and marking a significant expansion of regulatory oversight over the country's rapidly digitizing investment landscape.
The master plan addresses every facet of JKIA operations. A second runway is targeted for completion by 2029, alongside wider airfield upgrades designed to increase declared capacity to approximately 63 aircraft movements per hour, a dramatic improvement from the current 14 movements per hour.
The COMESA Competition and Consumer Commission has approved Vodacom's Sh272 billion bid to increase its stake in Safaricom to 55 percent, ruling that the transaction is unlikely to substantially lessen competition or harm public interest within the Common Market.
The Central Bank of Kenya has officially approved Safaricom's request to mask customers' full names and phone numbers in Lipa na M-Pesa Till and Paybill transactions, ending a decade-long practice that left millions of Kenyans exposed to data harvesting and unsolicited marketing.
Del Monte Kenya has commissioned a state-of-the-art Individually Quick Frozen (IQF) processing line and an 807kW solar power plant in a Sh515 million (US$4 million) investment aimed at boosting export capacity and advancing the company's sustainability agenda.
Kenya Airports Authority (KAA) plans to launch its own taxi app at Jomo Kenyatta International Airport (JKIA) to compete with Uber and Bolt while boosting safety and revenue.
Gulf Energy has leased a $15 million (KSh 1.94 billion) drilling rig from UAE's Great Wall Drilling Company to start oil production in Kenya's South Lokichar Basin this year.
