Author: Muindi

Advtech delivered its strongest financial performance on record in 2025, reporting revenue of R9.33 billion (KSh 70.44 billion) and operating profit of R2.04 billion (KSh 15.39 billion) for the year ended 31 December, the first time the Johannesburg-listed education group has crossed the two-billion-rand profit threshold. Revenue grew 9.5% while operating profit climbed 13.8%, according to audited results released on 23 March 2026. The numbers reflect a business that has moved well beyond its South African roots, with Kenya now standing as its most significant international market. Education Drives the Numbers The Education division, which contributes 84% of group revenue,…

Africa imports the medicines it needs. That dependence carries a cost — in money, in supply chain exposure, and in lives lost when global disruptions cut off access to essential drugs. Kenya is moving to change that. APIFA Biotech Ltd has proposed a pharmaceutical manufacturing park within Konza Technopolis, the government’s technology city located 60 kilometres southeast of Nairobi. The project operates through a Public-Private Partnership with Konza Technopolis Development Authority (KoTDA). It will produce Active Pharmaceutical Ingredients (APIs), biologics, vaccines, and finished medicines on Kenyan soil. In April 2026, the project cleared its first regulatory milestone, receiving approval to…

Mdundo.com A/S has announced a strategic rights issue to raise up to DKK 10.2 million (approximately Sh205 million). This capital injection aims to secure 12 to 18 months of operational runway and propel the company toward EBITDA profitability. Existing shareholders receive preferential subscription rights at a price of DKK 1.00 per new share. The company has already secured binding commitments for DKK 7.5 million, representing over 73% of the total offer. Strategic Allocation of Capital The company plans to deploy these funds into two primary areas designed to scale the business. Product Development (DKK 4.6–7.5 million): Mdundo will enhance its iOS…

Kenyan legislators adopted the Value Added Tax (Amendment) Bill 2026 on Thursday, slashing the tax on petroleum products from 16% to 8%. This decisive move targets motor spirit, illuminating kerosene, and gas oil to shield citizens from a punishing cost of living. By fast-tracking the legislation, the National Assembly ensured immediate relief for a public grappling with volatile energy markets. Immediate Impact at the Pump The Energy and Petroleum Regulatory Authority (EPRA) revised retail prices downward for the April-May cycle. Under the new 8% tax regime, Nairobi motorists now pay Sh197.60 for super petrol and Sh196.63 for diesel. These figures…

Kenya’s real estate investment trusts grew combined net operating income by 28.4% to Kshs 2.48 billion in FY2025, up from Kshs 1.93 billion the previous year, according to data from Cytonn Research. Acorn D-REIT drove the majority of that growth, recording a 49.1% rise in net operating income to Kshs 1.72 billion. ILAM Fahari I-REIT grew net operating income 28.3% to Kshs 145.8 million. Acorn I-REIT moved in the opposite direction, falling 7.7% to Kshs 611.8 million, as a 4.6% drop in operating income outpaced a marginal reduction in costs. Combined net asset value across all three REITs rose 12.6%…

Applications are open for the 2026 Standard Chartered Foundation Women in Tech Accelerator, and the window for women-led tech startups across Africa, the Middle East, and Pakistan to apply is closing fast. The Standard Chartered Foundation, in partnership with Village Capital and local implementing partners across twelve markets, will distribute more than USD 600,000 in grant funding in 2026 to founders building technology-driven businesses with measurable impact. If you lead a startup that solves real problems and you operate in Bahrain, Botswana, Egypt, Ghana, Kenya, Nigeria, Pakistan, Saudi Arabia, South Africa, UAE, Uganda, or Zambia, this programme was built for…