East African Breweries Plc (EABL) reported a KSh 12.2 billion after-tax profit for the year ended June 2025, marking a 12.2% increase from the previous year. The Kenya-based Diageo subsidiary credited the growth to foreign exchange gains, a revised excise duty structure, and lower borrowing costs. The Kenyan shilling, which reversed a 2023 depreciation, maintained stability through 2025, becoming Africa’s best-performing currency. A July report by Ebury Partners noted its continued strength is underpinned by “economic resilience and access to international funding.” Revenue and Operational Highlights EABL’s net revenue rose 4% to KSh 128.8 billion, with both beer and spirits…
Author: Korir Issa
Korir Issa
IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.
Kenyans may soon face unprecedented limits on where and how alcohol is sold and consumed, following the unveiling of the 2025 National Policy for the Prevention, Management & Control of Alcohol, Drugs & Substance Abuse. The policy, launched by Interior CS Kipchumba Murkomen, proposes a ban on alcohol sales in everyday outlets such as supermarkets, restaurants, online platforms, and residential areas, citing public health risks and rising youth addiction. “This is not a mere policy document,” said Interior CS Kipchumba Murkomen. “It is a renewed commitment by the Government of Kenya to secure the health, safety, and future of every…
CFAO Healthcare, a leading pharmaceutical distributor in Africa and subsidiary of Toyota Tsusho, has acquired 100% of Goodlife Pharmacy, Kenya’s largest private retail pharmacy chain. This strategic move signals CFAO’s deepening expansion into East Africa’s retail healthcare market and reinforces its commitment to improving access to affordable, high-quality medicines across the continent. “By acquiring 100% of Goodlife Pharmacy, we are accelerating our transformation into a global healthcare player. Together, we will enhance accessibility, service quality, and innovation in the pharmaceutical sector,” said Jean-Marc Leccia, CEO of CFAO Healthcare. Expanding Access Across the Region Goodlife operates nearly 150 branches across Kenya…
In a strategic breakthrough for Kenya’s financial landscape, Safaricom, M-PESA, and PayPal have launched a new integration enabling seamless fund transfers between PayPal and M-PESA wallets. This move is poised to empower over 35 million M-PESA users and two million businesses and micro traders to tap into PayPal’s global network across 200+ markets. What This Means for Entrepreneurs The new service allows businesses, particularly freelancers, traders, and digital SMEs, to receive and send payments between PayPal and M-PESA effortlessly. It eliminates the friction of cross-border transactions, opening up global commerce for locally anchored enterprises, especially within Kenya’s booming gig economy…
Shri Krishana Overseas Limited (SKL) made history on 24th July 2025 by listing on the Nairobi Securities Exchange (NSE) SME segment, marking the first listing in five years since Homeboyz Entertainment Plc in 2020. This also becomes the first-ever packaging solutions provider to join the NSE. Founded in 2013 by Dr. Sonvir Singh and Nirmal Chaudhary, SKL manufactures corrugated and mono boxes, tapes, and labels and offers printing services across key sectors, including agriculture, floriculture, FMCG, and manufacturing. Additionally, the firm operates a footwear division under the brand “SKL Shoes,” supplying affordable footwear across local and regional markets. Listing Details SKL…
Linzi Finco LLP has listed the Linzi 003 Infrastructure Asset-Backed Security (IABS) valued at KSh 44.79 billion on the Nairobi Securities Exchange (NSE), marking one of East Africa’s largest and most innovative securitisation deals to date. The listing, backed by future revenues from the Talanta Sports City Stadium—a flagship project for Kenya’s AFCON 2027 ambitions—was officiated during a bell-ringing ceremony attended by President William Ruto on Wednesday. “Privatization is no longer optional,” said President Ruto. “There is compelling evidence that privatisation is necessary to eliminate inefficiencies and raise the standards of governance in our public enterprises.” The transaction blends domestic…