Author: Korir Issa

Nairobi will host the Green Climate Fund’s regional office for East and Southern Africa. The GCF Board made the decision at its 44th meeting in Songdo, South Korea, which ran from 25 to 28 March 2026. The selection ends a competitive global process that drew proposals from 43 countries. Seventeen of those came from Africa alone. The Board also approved a second African office in Abidjan, Côte d’Ivoire, to serve Central, North and West Africa, alongside new offices in Panama City for Latin America and the Caribbean, and Amman, Jordan, for Eastern Europe, Central Asia and the Middle East. For…

KCB Bank Kenya has received approval for a $96.9 million (KSh 12.5 billion) financing facility from the Green Climate Fund to expand access to climate-smart technologies for small businesses and smallholder farmers across the country. The facility combines concessional lending, a guarantee, and a grant. It will be deployed under the Climate Smart Technology programme, targeting Kenya’s most climate-vulnerable communities through solar energy, clean cooking technologies, climate-smart agriculture, waste management, and energy efficiency. Sixty percent of the investments will fund adaptation measures, including climate-resilient agriculture and water management. The remaining 40 percent will go toward mitigation technologies such as renewable…

Kakuzi Plc swung from a KSh 131.6 million loss in 2024 to a KSh 387.5 million profit after tax in 2025, driven by a near-doubling of avocado profits, a five-fold recovery in macadamia earnings, and a first-ever blueberry profit. The board declared a first and final dividend of KES 16.00 per share, double last year’s payout. FY2025 Results at a Glance Metric FY 2024 FY 2025 Change INCOME Total revenue KSh 4.8B* KSh 5.4B +12.5%* Domestic market sales < KSh 50M > KSh 50M +YoY PROFITABILITY Pre-tax profit / (loss) (KSh 167M) KSh 568M +Turnaround Profit / (loss) after tax…

The East African Community Competition Authority (EACCA) has opened a formal merger inquiry into a proposed deal that would give Luxembourg-based private equity firm Amethis Fund III S.C.A., SICAV-RAIF a 39.5% stake in Zamara Holdings Limited. The inquiry — Merger Inquiry Notice No. 3 of 2026 — was filed under Regulation 8 of the EAC Competition (Mergers and Acquisitions) Regulations, 2025, and Section 11 of the East African Community Competition Act, 2006. Who Is Buying and Who Is Being Bought Amethis Fund III S.C.A., SICAV-RAIF is a private equity fund incorporated in Luxembourg. It invests across Sub-Saharan Africa, North Africa,…

Presidents William Ruto and Yoweri Museveni on Saturday flagged off construction of the 107 kilometre Kisumu–Malaba Standard Gauge Railway section, completing a rail corridor from Mombasa to the Kenya–Uganda border. The section completes a nearly 1,000-kilometre rail link from the port of Mombasa to Malaba. The line is planned to extend to Kampala and eventually to Rwanda, Burundi, South Sudan, and the Democratic Republic of Congo. Museveni: Road Freight Is “Suicide” Museveni said continued reliance on roads for heavy cargo and petroleum transport was unsustainable. “The transport system, as it currently stands, is chaotic and wasteful,” he said. “Mixing passengers,…

Co-operative Bank of Kenya delivered a 16.9% rise in profit after tax to KSh 29.8 billion for the full year ended 31 December 2025, extending a run of consecutive profit growth as the bank expanded its loan book, deepened its deposit base, and pushed net interest income to a record high. The board rewarded shareholders with a final dividend of KSh 1.50 per share, bringing total dividends declared for the year to KSh 2.50 per share, a 66.7% increase on the KSh 1.50 paid in FY2024. FY2025 Results at a Glance Metric FY2025 YoY Change Net Interest Income KSh 62.9bn…