Simbisa Brands, the owner of Galitos, Pizza Inn, Bakers’ Inn, Chicken Inn and Creamy Inn, acquired the remaining 25% of Kutuma Kenya Limited for net cash of Sh85.8 million ($663,882). The purchase gives Simbisa 100% of the company that runs its food delivery in Kenya. Simbisa’s stake in Kutuma Kenya rose from 75% to 100% Simbisa held 75% of Kutuma at June 30, 2025 and 100% at June 30, 2026, according to its group structure note. The audited cash flow statement for the year ended June 30, 2026 lists the payment as net cash from buyout of non controlling interest.…
Author: Lynet Awino
Lynet Awino
Lynet Okumu, a Masinde Muliro University graduate, is a digital journalist passionate about impactful storytelling. She writes on health, business, relationships, and daily life, blending accuracy and creativity to craft engaging, informative content.
Italian wine is gaining ground in Kenya, with its share of the local market increasing from 11.5% to about 14% in the first half of 2026. However, rising market value does not necessarily mean more bottles are being sold. This was one of the key issues raised during the second edition of Borsa Vini Kenya, held at Trademark Hotel in Nairobi on Tuesday, November 10, 2026. The event brought together 25 Italian companies representing 10 wine-producing regions, alongside Kenyan importers, distributors, hospitality professionals and wine enthusiasts. Alessandra Rainaldi, Director of the Italian Trade Agency (ITA) in Nairobi, said the growth…
Customers in Kenya can now send Airtel Money to bank accounts at 30 banks, SACCOs and microfinance banks, straight from their wallets. Airtel Money made the link through Integrated Payment Systems Limited (IPSL), which operates the Pesalink payment network. How to send Airtel Money to bank accounts in the MyAirtel App Open the MyAirtel App and select the Pay Bill option. Choose the bank, enter the account number and the amount, then complete the transaction. Customers without the app can use USSD (the menu service that runs from a phone dial pad) by dialling *334#. Account check shows the recipient’s…
Safaricom has planted more than three million trees across 3,000 hectares and lifted e waste collection 91.5% to 365,245 kilograms in FY26. The company put 681,284 trees in the ground against a target of one million, after weak rainfall delayed the season. The larger result sits underneath that number. The programme now covers more land, more community members and more measured outcomes than a year ago, and waste collection moved sharply the other way. Three million trees and 3,000 hectares restored The 2026 Sustainable Business Report shows the programme crossing a threshold. Cumulative planting rose from more than 2.3 million…
Phoenix Beverages Limited has raised its stake in African Originals Limited to 37.65 per cent. It paid Sh124.4 million (MUR 46.6 million) for an extra 3.3 per cent in the year to June 2026. African Originals owns Savannah Brands Limited, the Kenyan company that makes Kenyan Originals cider, gin and tonic. The price implies a value of Sh3.77 billion (MUR 1.41 billion) for African Originals. Phoenix, a Mauritian bottler, now holds more than a third of the business. Item Detail Extra stake bought 3.30% Price paid MUR 46.6 million (Sh124.4 million) Stake before 34.35% Stake after 37.65% Implied value of…
Majid Al Futtaim launched its SHARE rewards programme at all 35 Carrefour outlets in Kenya on 5 November 2026. The retailer’s 1.4 million MyClub members move across once they accept updated terms. Most outlets sit in Nairobi. Shoppers earn points at a base rate of 0.25 per cent on eligible purchases. The scheme runs inside the Carrefour app, so nobody installs a second app. The launch details do not state what one point is worth in shillings. Existing MyClub members move after accepting new terms Carrefour migrates MyClub members to SHARE through its app. Members must accept updated terms and…