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HomeDaily NewsTuesday, October 28, 2025New Manufacturing Plant and Bank Funding Drive Kenyan Business Activity - October 2025
Business & Economy4 stories from 1 sources

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.

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Tuesday 4:15 PMCapital Business

Property prices rise in Nairobi as rentals dip in Q3

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.

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Key Highlights

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.

  • Overall property prices increased by 1.1 percent in the July–September 2025 period.
  • The HassConsult House Price Index reported these findings.
  • Rental prices declined by 1.6 percent in the quarter due to expatriate exits following US aid cuts.
Tuesday 8:34 AMCapital BusinessFirst

KBA says banks still liquid despite investing in Govt securities

KBA says banks still liquid despite investing in Govt securities

The Kenya Bankers Association (KBA) reports that commercial banks remain sufficiently liquid to support private sector lending, despite increased investments in government securities. This assurance comes from KBA Tax Committee Chairperson Peter Mungai, who explained that banks fulfill a dual role in financing government initiatives while maintaining their capacity to lend to businesses and households.

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Tuesday 11:35 AMCapital Business

Sun King opens smartphones, TVs manufacturing plant in Tatu City

Sun King opens smartphones, TVs manufacturing plant in Tatu City

Sun King, a solar and energy-efficient appliances company, has inaugurated a new 7,600-square-meter manufacturing facility in Tatu City, Kiambu County, Kenya. This plant aims to localize production of smartphones and televisions designed for its solar systems, strengthening the company's supply chain and supporting Kenya's manufacturing sector.

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Key Highlights

Sun King, a solar and energy-efficient appliances company, has inaugurated a new 7,600-square-meter manufacturing facility in Tatu City, Kiambu County, Kenya. This plant aims to localize production of smartphones and televisions designed for its solar systems, strengthening the company's supply chain and supporting Kenya's manufacturing sector.

  • The facility boasts an annual production capacity of up to 700,000 units, with plans for expansion.
  • Sun King's Chief Operating Officer, Kota Kojima, stated the plant ensures faster access to products and quality solutions for customers.
  • Dr. Juma Mukhwana, Principal Secretary, State Department of Industry, highlighted its alignment with the Government’s Bottom-Up Economic Transformation Agenda (BETA).
Tuesday 12:50 PMCapital Business

Stanbic Bank gets Sh5.8bn funding for PepsiCo Bottlers’ expansion

Stanbic Bank gets Sh5.8bn funding for PepsiCo Bottlers’ expansion

Stanbic Bank Kenya and Stanbic Bank Uganda have secured a Sh5.8 billion ($45 million) long-term funding deal for the expansion of two PepsiCo bottlers in East Africa: Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.

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Key Highlights

Stanbic Bank Kenya and Stanbic Bank Uganda have secured a Sh5.8 billion ($45 million) long-term funding deal for the expansion of two PepsiCo bottlers in East Africa: Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.

  • The funding is split with Sh3.9 billion ($30 million) allocated to CBL and Sh1.9 billion ($15 million) for SBC Kenya to boost industrial growth and job creation.
  • Paul Muganwa, Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda, highlighted the cross-border financing's commitment to inclusive regional growth.
  • This investment aims to stimulate job creation, enhance local manufacturing capacity, and strengthen regional trade linkages, particularly benefiting youth, women, and farmers.
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Key Highlights

The Kenya Bankers Association (KBA) reports that commercial banks remain sufficiently liquid to support private sector lending, despite increased investments in government securities. This assurance comes from KBA Tax Committee Chairperson Peter Mungai, who explained that banks fulfill a dual role in financing government initiatives while maintaining their capacity to lend to businesses and households.

  • Peter Mungai highlighted that attractive returns on government securities in 2023 and 2024 led to higher bank participation.
  • The KBA Tax Committee Chairperson stated that weak credit uptake is primarily due to low disposable incomes, not liquidity issues, as borrowers struggle to qualify for loans.
  • Mungai expects a recent decline in interest rates to stimulate renewed credit growth to the private sector and urged for broader economic interventions to boost household incomes.