Author: David Indeje

Expectations at Kenyan firms for the next 12 months remained one of the worst on record, with just 12% of panellists predicting output to expand.

Safaricom Ethiopia is building a wholly-owned mobile network and has infrastructure sharing and interconnection agreements with Ethio Telecom.

Britannia Industries has acquired a 51% stake in Kenya’s Kenafric Biscuits (KBL) while fully taking over Catalyst Britania Brands.

The Treasury now controls Telkom Kenya after acquiring a 60 per cent stake in Telkom Kenya from British investment firm Helios Investment Partners for Sh6.09 billion. The Kenyan government, which previously owned a 40 per cent stake in Telkom, now owns the company wholly. The exit comes six years after Jamhuri acquired majority ownership in the integrated telecommunications solutions provider from France Telecom in June 2016 through its local subsidiary Orange. Jamhuri Holdings Limited notified the government of its intention to exit Telkom in August 2021. The collapse of the proposed merger between Telkom and Airtel Kenya following disapproval of the transaction…

Since June 2022, Kenya’s headline inflation has trended above the 7.50% upper band statutory target owing to
elevated food and fuel costs. The inflation hit 8.5% in August from 8.3% in July.

4 million Kenyans blacklisted for defaulting loans will be ejected from the negative listing by November 1 according to President William Ruto. President Ruto said lowering the cost of credit is part of multiple interventions to lower the cost of living. “We must think beyond financial inclusion to a more accessible and affordable credit model. Instead of blacklisting, we can have a graduated listing of borrowers based on how they have borrowed and how they have paid back,” he said. “This is a positive development for millions of Kenyans who are excluded from accessing credit. We have the largest opportunity…