Author: Korir Issa

Advertising agency WPP Scangroup Plc has warned that its earnings for the year ending December 2025 will fall by at least 25%, extending a prolonged period of financial strain marked by client losses, management changes, and repeated restructuring. The company attributed the expected downturn to weaker client spending, the loss of a major account, reduced interest income, and one‑off restructuring costs exceeding KSh 160 million.  This marks the third consecutive year of profit warnings and the fourth in five years, following similar alerts in 2021, 2023, and 2024. Financial results have underscored the strain: profit before tax swung to a…

Africa Logistics Properties Holdings Limited (ALPH) has received regulatory approval to launch a US dollar-denominated Real Estate Investment Trust (REIT), marking a milestone for Kenya’s capital markets and the broader East African property sector. CMA Clears ALP Industrial REIT The Capital Markets Authority (CMA) has approved the establishment of the ALP Industrial Real Estate Investment Trust (ALP REIT), allowing ALPH to issue units to investors through a Restricted Offer. Once listed, the ALP REIT will become the first USD-denominated issuance on the Nairobi Securities Exchange (NSE) and the first industrial REIT in East Africa. Income REIT Structure and Investor Benefits…

Standard Bank Group, trading as Stanbic Bank in Kenya and Africa’s largest bank by assets, has partnered with Safaricom Telecommunications, Kenya’s leading telecommunications provider, to deliver USD 138 million (KES 17.94 billion) in funding to Safaricom Telecommunications Ethiopia PLC (STEP). The facility positions Standard Bank as the sole arranger, lender, and facility agent, while also providing advisory support. The financing underpins Safaricom’s ongoing rollout of digital infrastructure and services in Ethiopia, one of Africa’s fastest‑growing telecom markets. Regional Impact Dr. Joshua Oigara, Regional Chief Executive for East Africa, Standard Bank Group, stated: “This partnership reflects our commitment to enabling sustainable growth across the…

Since the beginning of 2025, Kenya has faced significant economic challenges, leading to the closure of numerous companies, while others have ceased operations or entered receivership. Rising operational costs, financial instability, and post-pandemic pressures have reshaped the corporate landscape. Angaza Kenya Ltd Voluntary Liquidation Angaza Kenya Ltd has commenced a members’ voluntary liquidation process, according to a public notice dated December 10, 2025. The move follows a resolution passed during an Extraordinary General Meeting (EGM) on November 24, 2025. “Notice is hereby given that the following Special Resolution was passed at an Extraordinary General Meeting of the members of ANGAZA…

The National Assembly has invited public submissions on the Government’s proposal to sell part of its stake in Safaricom PLC. The planned divestiture represents a new stage in Kenya’s privatisation and resource‑mobilisation strategy. In a notice dated 8 December 2025, the Departmental Committee on Finance and National Planning, together with the Public Debt and Privatisation Committee, invited Kenyans to submit memoranda before 8 January 2026. “Now therefore, in compliance with Article 88(1)(b) of the Constitution, the Clerk of the National Assembly hereby invites the public and stakeholders, including shareholders, management, employees, customers, regulators and interested parties to submit memoranda on…

Kenya’s private sector is closing the year on a high note, recording its sharpest rebound in more than five years in November. The latest Stanbic Bank Kenya Purchasing Managers’ Index (PMI) shows that business activity surged, fueled by stronger consumer spending, easing price pressures, and a wave of new orders. Surge in New Orders and Sales Growth The upswing was anchored by the fastest rise in new business since 2020, as firms reported improved customer purchasing power and strong responses to new product launches and marketing campaigns. Sales growth was broad‑based, cutting across all five sectors tracked by the survey.…