Author: Lorine Otamo

Miriam Kaggwa departs WPP Scangroup on June 1, 2026, closing a three-year chapter during which she held three of the company’s most demanding roles — Chief Financial Officer, Chief Operating Officer, and Acting Chief Executive Officer — as East Africa’s largest listed marketing and communications group navigated the most turbulent stretch in its recent history. The board announced her exit on May 26, citing her decision to pursue other opportunities. The timing places her departure inside a deepening corporate crisis: WPP Scangroup’s full-year 2025 results reveal a net loss that widened to KSh713.67 million, a 40.8% increase from the KSh506.74…

Kenya’s capital markets reach a milestone on June 23 when the TRIFIC Green USD Income I-REIT begins trading on the Nairobi Securities Exchange, closing the offer period that opened on May 13. The listing marks the first time a US dollar-denominated Income REIT trades on the NSE’s Main Investment Market Segment, a distinction that sets it apart from every other listed REIT in Kenya, all of which distribute returns in shillings. What Happens After the Offer Closes The public offer closes on June 12 at 5:00 PM. From there, the timetable moves quickly. TRIFIC allots units to successful investors on…

I&M Group PLC opened 2026 with its sharpest customer growth in recent memory, adding clients at a 42% rate year on year while lifting profit after tax by 19% to KES 5.0 billion, up from KES 4.2 billion in Q1 2025. The results signal broad momentum across the Group’s East African and Mauritian operations, with all subsidiaries recording balance sheet growth. Regional units contributed 31% of overall profit before tax, underscoring the value of a diversified geographic footprint. Growth Across Every Business Line Beyond the headline profit figure, several business segments posted standout growth. The bancassurance unit grew revenues by…

Global Banking and Finance Review has named Absa Bank Kenya PLC the Best Retail Bank in Kenya for 2026. The award highlights the sustained transformation of the lender, which recently abandoned traditional product-centric operations to favor a modern, segment-driven framework. This structural shift addresses the rapid evolution of the domestic banking landscape by prioritizing tailored, mobile-first financial solutions. To drive this growth, management restructured consumer operations around three distinct client segments, all fed by a unified product development pipeline. Performance metrics from the latest financial year validate this strategy. The mass-market personal banking division increased its customer base 1.1 times,…

Oraimo has brought its SpaceBuds 2 (OTW-631) to Kenya, and the earbuds carry credentials that go well beyond the spec sheet. The global smart accessories brand worked with Jesse Ray, the Grammy Award-winning audio engineer behind Burna Boy’s sound, to tune the acoustics, a decision that sets these earbuds apart from the crowded TWS market before you even put them in your ears. Grammy-Level Sound, Built for Daily Life The SpaceBuds 2 builds on the success of oraimo’s Space series, adding immersive spatial audio that gives music, gaming, and film a three-dimensional quality that standard earbuds rarely achieve. Jesse Ray’s…

Kenya has its highest ranking official in United Nations history. Monica Juma assumed office on 11 May 2026 as Director-General of the UN Office at Vienna and Executive Director of the UN Office on Drugs and Crime, appointed by Secretary-General António Guterres to one of the most consequential roles in the multilateral system. She holds the rank of Under-Secretary-General, the third highest position in the UN hierarchy, and takes charge of an organisation that leads the global response to drug trafficking, organised crime, corruption and terrorism. “I am incredibly proud and honoured to be leading these two offices in Vienna…