New Manufacturing Plant and Bank Funding Drive Kenyan Business Activity - October 2025
Sun King, a solar and energy appliances company, has inaugurated a new 7,600-square-meter manufacturing facility in Tatu City, Kiambu County, to localize production of smartphones and televisions. In another investment, Stanbic Bank Kenya and Stanbic Bank Uganda secured a Sh5.8 billion ($45 million) funding deal for the expansion of SBC Kenya Limited and Crown Beverages Limited. These developments occurred as property prices in Nairobi rose by 1.1 percent in Q3 2025, driven by demand for detached houses, though rental prices dipped 1.6 percent. Supporting this environment, the Kenya Bankers Association (KBA) reports that commercial banks remain sufficiently liquid to support private sector lending despite increased investments in government securities. The KBA's Tax Committee Chairperson, Peter Mungai, confirmed banks are maintaining their capacity to lend to businesses.
News Coverage
Property prices rise in Nairobi as rentals dip in Q3
Property prices in Nairobi rose by 1.1 percent in Q3 2025, driven by strong demand for detached houses in high-end suburbs and satellite towns. This increase occurred despite a 1.6 percent dip in rental prices, largely due to the exit of expatriates.
Summary & Analysis
