Author: Muindi

A scheduled session by Kenya’s Public Investments Committee on Commercial Affairs and Energy to assess the financial health of the National Oil Corporation of Kenya (NOCK) was postponed on Wednesday following an intense debate over the future of the state-owned entity. Chaired by Pokot South MP David Pkosing, the committee was set to review NOCK’s audited accounts spanning FY 2018/19 to 2022/23. However, MPs called for scrutiny after describing NOCK as a “dead” agency plagued by financial opacity and operational dysfunction. The session was triggered in part by the government’s recent partnership with RUBiS Energy Kenya, which includes transferring management…

Kenya has protested Tanzania’s newly enacted trade and licensing restrictions targeting non-citizens, warning that the measures undermine the East African Community’s (EAC) integration agenda. Trade Cabinet Secretary Lee Kinyanjui described the move as “discriminatory” and a violation of the EAC Common Market Protocol. “The Business Licensing Order, which seems to be criminalising lawful EAC investments, will hurt both our economies,” Kinyanjui stated. “It is therefore critical, in the spirit of EAC, that bilateral engagements be held to resolve these issues.” The contested measures include: A 10% excise duty and 15% Industrial Development Levy under Tanzania’s Finance Act, 2025 A Business…

Starting August 8, 2025, the Nairobi Securities Exchange (NSE) will enable the buying and selling of shares in single units, following regulatory approval of amendments to its Equity Trading Rules. This marks a major shift in Kenya’s capital markets, eliminating the requirement for minimum trade sizes—previously a barrier for many individual investors—and allowing shares to be traded in multiples of one (1). Strategic Implications The move aligns squarely with the NSE’s 2023–2029 Strategic Plan, which aims to: Increase retail investor participation Enhance market liquidity Drive financial inclusion across the region “This policy change is not just procedural, it is transformational,”…

SuperSport, the home of sport on DStv and GOtv, will broadcast every match of the 2024 African Nations Championship (CHAN) live from 2 to 30 August 2025, delivering top-tier African football to fans across the continent. Hosted jointly by Kenya, Tanzania, and Uganda, this eighth edition of CHAN celebrates local talent, national pride, and the spirit of the beautiful game, featuring 19 national teams composed solely of players competing in domestic leagues. First-Ever Tri-Nation Staging Originally slated for early 2025, the tournament was postponed due to infrastructure delays. It now marks: The first CHAN was co-hosted by three nations A…

Diageo Plc, the British multinational alcoholic beverage giant, has initiated a strategic review of its 65% stake in East African Breweries Ltd. (EABL), its largest African brewing asset. First reported by Bloomberg, it is being advised by Bank of America and Goldman Sachs and could lead to a full or partial divestment. Analysts estimate EABL’s beer business could be valued at up to US$2 billion (~KSh 258 billion), notably higher than its current US$1.2 billion (~KSh 155 billion) valuation on the Nairobi Securities Exchange. Founded in 1922 as Kenya Breweries Ltd., EABL remains a regional powerhouse, operating in Kenya, Uganda, and…

Airtel Africa Plc has reported a sharp year-on-year rebound in profitability, with profit after tax rising more than fourfold to $156 million in Q1 FY2026, compared to $31 million in the same period last year. The telco’s latest earnings, filed with the Nigerian Exchange, reflect strong execution across mobile services, data monetisation, and mobile money, buoyed by network investment and tariff optimisation. “The scale and resilience of our performance in Q1 underscores the growing demand for inclusive, high-quality digital services across Africa,” said Sunil Taldar, Airtel Nigeria CEO. “As smartphone adoption and mobile money usage continue to accelerate, we remain…