Author: David Indeje

Clean energy in schools could reach 10,000 secondary schools, 250 TVET institutions and 42 universities, but the programme would need an estimated US$460 million, Cabinet Secretary for Environment, Climate Change and Forestry Dr Deborah Mlongo Barasa said at a KCB side event at COP31 in Antalya, Türkiye. The money would extend a KCB pilot that has moved 600 schools and 60 TVET colleges to clean energy since 2022. KCB describes the route as a loan facility, so institutions that join would borrow to switch from firewood and other biomass fuels. KCB pilot worth over KSh2 billion covers 600 schools and…

Land in 12 of the 14 satellite towns around Nairobi returned less over two years than rolling 91 day Treasury bills, according to the HassConsult Land Price Index for the third quarter of 2026. Only Ruiru and Juja beat the benchmark. Only Ruiru and Juja beat the Treasury bill benchmark The 91 day bill cleared at 8.75 percent at the Central Bank of Kenya auction on November 5, according to the CBK weekly bulletin. Over the 12 months to September, land prices fell in six of the 14 towns and rose between 0.2 and 6.2 percent in six more. Ruiru…

Safaricom directed KES 6.1 billion of its procurement to special interest group suppliers in FY26, up from KES 5.9 billion. Its value to Kenyan society reached KES 1.247 trillion and supported 1,405,887 job years in the year to 31 March 2026, according to the 2026 Sustainable Business Report. Special interest groups are businesses owned by women, young people and persons with disabilities. Safaricom created KES 1.247 trillion in value for Kenyan society in FY26 Group CEO Dr Peter Ndegwa opened the 27 October launch with the value figure. Alexforbes, the firm Safaricom appointed to run the valuation, produced it. Khusoko…

Safaricom group net income rose 35.9% to Sh58.2 billion in the six months to September 2026, as Ethiopia’s loss before interest, tax, depreciation and amortisation (EBITDA) narrowed to Sh0.4 billion. Kenya customers used 9.4% more data a month while the rate per megabyte fell 10.8%, and M-Pesa app users move to the One App in the coming months. Chief executive Peter Ndegwa and chief financial officer Dilip Pal presented the results at the company’s half year briefing. Ndegwa said Safaricom keeps its guidance for the financial year ending March 2027. Group net income excludes minority interest, the stake held by…

The Isuzu East Africa sales target of 9,000 units a year requires 31% growth on the 6,882 units the company sold in fiscal 2026. Buyers of its trucks, buses and pickups will feel the plan first in parts supply. A Sh3.1 billion centre at Lukenya, Machakos County, is due by the end of 2026. Key points Isuzu must add 2,118 units a year to reach 9,000. Its share of Kenya’s new vehicle market fell from 53% in January to April to 48.4% in January to July 2026. The Lukenya parts centre targets a parts fill rate above 95%. Rita Kavashe,…

Safaricom plans to launch a business insurance cover for small traders, with premiums from KSh1,700 a year, Bryan Nyutu told the KICTANet webinar,”Secure by Design: Protecting Your Business Where It Connects.” Nyutu oversees insurance initiatives within Safaricom’s NextGen Fintech Group. He said the cover, called Tunza Biashara, would protect computers, desks and other business assets across business types, including semi-permanent structures. Safaricom would sell it through channels such as the M-PESA Business Hub. He gave no launch date and said it would arrive “soon”. Nyutu said insurance is not only for the wealthy and compared it to a watchman, whose…