… The Fund has already been capitalised with approximately Sh347 billion (approximately US$2.7 billion) from the partial privatisation of Safaricom PLC and Kenya Pipeline Company, giving Kenya one of the largest pools of development capital on the continent. …
Vodafone Kenya, a subsidiary of South Africa's Vodacom Group, will gain the power to nominate Safaricom's next chief executive, but the board must ensure a "predominantly Kenyan character" in senior management, under governance changes set for a shareholder vote later this month. …
Vodafone Kenya, a subsidiary of South Africa's Vodacom Group, will gain the power to nominate Safaricom's next chief executive, but the board must ensure a "predominantly Kenyan character" in senior management, under governance changes set for a shareholder vote later this month. …
… nths, marking one of the biggest waves of South African investment in Kenyan blue-chip companies in recent years.This development follows Nedbank's acquisition of NCBA, Absa Group's plans to raise its ownership of Absa Bank Kenya, and Vodafone's increase in its stake in Safaricom …
… At the same time, the President announced that KSh350 billion has been mobilised for the National Infrastructure Fund (NIF), noting that the Kenya Pipeline Company Initial Public Offering raised KSh106 billion and the Safaricom share sale KSh244 billion. …
… At the same time, the President announced that KSh350 billion has been mobilised for the National Infrastructure Fund (NIF), noting that the Kenya Pipeline Company Initial Public Offering raised KSh106 billion and the Safaricom share sale KSh244 billion. …
… According to Ruto, the government has mobilized Sh350 billion for the fund through investments, including resources from Kenya Pipeline Company and Safaricom shares. …
KISUMU, Kenya, Jul 4 — Treasury Cabinet Secretary John Mbadi has defended the government’s partial sale of its stake in Safaricom, insisting the transaction was lawful, transparent and intended to finance critical infrastructure projects rather than plug budget deficits. …
The PGK Equator Tour moves to Nakuru for its sixth leg (August 6–9), with more than 50 professional golfers competing for Order of Merit points and qualification to the 2027 Magical Kenya Open and 2028 Olympic Games. Samuel Njoroge leads the standings with 2,852 points.
The PGK Equator Tour moves to Nakuru for its sixth leg (August 6–9), with more than 50 professional golfers competing for Order of Merit points and qualification to the 2027 Magical Kenya Open and 2028 Olympic Games. Samuel Njoroge leads the standings with 2,852 points.
eSIM providers are exploring Kenya's diaspora market, particularly targeting workers abroad who struggle with expensive roaming charges and connectivity issues. The article notes that slow adoption is hindered by the need for high-end smartphones to support eSIM technology, which many diaspora workers do not possess.
Kenya's foreign exchange reserves surged to a record $15.4 billion (Sh1.99 trillion) in the week ended July 30, providing 6.4 months of import cover. The report notes it was unclear whether the figure included proceeds from the government's partial divestiture of Safaricom.
Safaricom has reduced charges on transferring funds from M-Pesa business tills to mobile wallets and Paybill numbers by as much as 50 per cent, effective 7 August 2026, aligning with Central Bank of Kenya pricing principles and providing relief for small traders and consumers.
Pension fund investments in commercial paper and corporate bonds grew 77.6 per cent in 2025 to Sh17.4 billion, the highest growth in five years, fuelled by double-digit returns on notes listed on the Nairobi Securities Exchange. The growth coincides with major bond listings by Safaricom and East African Breweries Ltd, both oversubscribed at over 150 per cent.
Safaricom shareholders have approved governance changes that formalise the end of State dominance in the company and backed a record Sh80.13 billion dividend at its 18th Annual General Meeting.
Arsenal Fan TV founder Robbie Lyle arrived in Kenya with content creators for a six-day tour, citing Kenya as having the best Arsenal fan base in Africa. The visit includes watch parties, a trophy parade in Nairobi CBD, and a content creation workshop at Zetech University.
Safaricom shareholders approved a final dividend of Ksh.1.15 per share for the financial year ended March 31, 2026, bringing the total annual dividend to Ksh.2.00 per share—the largest payout in the company's history. The announcement comes as Safaricom's share price rose 50.3 per cent during the year, lifting the company's market value to Ksh.1.10 trillion by March 31, 2026.
Veteran Kenyan music producer Eric Musyoka, who has worked with artists including Sauti Sol, Juliani, and Nonini since the late 1990s, discusses what he sees as the obstacles facing Kenya's music industry, arguing that a lack of talent is not the problem.
Safaricom is investing billions of shillings to embed artificial intelligence into its products and services across financial services, healthcare, content streaming, agriculture, and government payments, as part of a strategy to transition into Africa's leading AI-driven technology service provider by 2030.
South African companies are increasing their stake in Kenya's financial sector through investments in NCBA, Safaricom, and Absa Bank Kenya, after previous retail ventures like ShopRite and Massmart failed in the market.
Former State House Chief of Staff Nzioka Waita is stepping down as Managing Director for Africa Advisory at the Tony Blair Institute at the end of September to pursue the Machakos governorship in the 2027 General Election. This is his second attempt at the seat, having lost the 2022 race.
Suspected Al-Shabaab militants attacked Abakaile Village in Dadaab, Garissa County on Saturday night, opening fire on a Safaricom telecommunications mast before fleeing. No injuries were reported, though initial confusion led to reports of a missing teacher who was later accounted for.
An opinion piece argues that access to digital tools, financial services, and skills training—not lack of talent—determines whether young people can build better futures, citing the example of a delivery rider who increased his earnings after acquiring a smartphone and using digital platforms.
Esther Waititu, Safaricom's Chief Financial Services Officer, has spoken publicly following her departure announcement, saying "the time feels right for a new chapter" after nearly three years leading the company's financial services business, which includes M-PESA.
David Wakhu of Golf Park won the fifth leg of the PGK Equator Tour at Ruiru Sports Club with a four-round total of 274 (-10), ahead of a field of 50 players. Wakhu currently sits fifth on the Order of Merit standings with 1800 points.
The PGK Equator Tour reaches its fifth leg at Ruiru Golf Club this week, featuring more than 50 of Kenya's leading professional golfers competing for ranking points toward qualification for the 2027 Magical Kenya Open and the 2028 Los Angeles Olympic Games. Samuel Njoroge leads the Order of Merit standings with 2,377 points after the circuit's opening four legs.
The PGK Equator Tour heads to Ruiru Golf Club this week for its fifth leg, where Kenya's top professional golfers compete for ranking points toward qualification for the 2027 Magical Kenya Open and 2028 Los Angeles Olympic Games. The four-day tournament, which runs through Sunday July 19, has attracted more than 50 leading professional golfers.
Kenya is rolling out a centralized National Ambulance Dispatch Centre at the Social Health Authority headquarters by end of July, operating SHA 112 Lifeline as a single emergency number coordinating ambulance services nationwide. The platform has integrated 97 accredited ambulances with 186 total registered ahead of the national rollout.
Kenya's foreign exchange reserves are set to reach a seven-month high following proceeds from the government's sale of a 15 per cent stake in Safaricom totalling Sh244.5 billion, World Bank funding of $750 million, and Kenya Pipeline Company privatisation receipts of Sh103.45 billion received in April, with the CBK expecting the shilling to remain stable.
Kenya has established the National Infrastructure Fund with approximately Sh347 billion capitalised from partial privatisation of Safaricom and Kenya Pipeline Company, positioning it as one of Africa's largest pools of development capital. The Fund aims to mobilise long-term equity capital and systematically develop nationally significant infrastructure through commercially viable enterprises.
Following South Africa's Vodacom Group's completion of a Sh244.2 billion majority stake acquisition in Safaricom, the company will gain the power to nominate the next chief executive, though the board must maintain a "predominantly Kenyan character" in senior management under governance changes headed for shareholder vote.
South Africa's Vodacom Group, which has gained majority control of Safaricom following a Sh244.2 billion stake sale, will nominate the next chief executive under governance changes set for shareholder vote. The board must maintain a "predominantly Kenyan character" in senior management.
Three South African corporate giants have announced more than Sh400 billion in acquisitions and stake increases in Kenya over seven months, including Nedbank's acquisition of NCBA, Absa Group's increased ownership of Absa Bank Kenya, and Vodafone's increased stake in Safaricom, marking one of the biggest waves of South African investment in Kenyan blue-chip companies in recent years.
President William Ruto said he would not allow tribal politics to thrive and urged Kenyans to shun those who preach it, stating that national unity is the foundation of a strong society and that economic progress depends on collective effort and trust.
President William Ruto urged Kenyans to reject tribal politics and those who preach it, saying national unity is the foundation of prosperity and that his government is focused on unity-driven development where economic progress depends on collective effort.
President William Ruto criticized leaders using abusive language to stir ethnic divisions and urged Kenyans to judge politicians by their development record rather than divisive rhetoric. Speaking at a church service in Embu, Ruto said his administration will not tolerate tribal politics and ruled out collaborating with leaders who rely on tribalism, insults, and hate speech.
A Kenyan writer explores South Africa's paradox of xenophobia against African immigrants alongside significant Kenyan investment in blue-chip South African firms, arguing that underlying inequality rather than simple immigrant targeting explains anti-foreigner sentiment.
Treasury Cabinet Secretary John Mbadi has defended the government's partial sale of its Safaricom stake, saying it was lawful and transparent and intended to finance infrastructure rather than budget deficits. Mbadi rejected opposition criticism, stating the divestiture followed extensive public participation and parliamentary approval.