The National Lottery Board has appointed a consortium led by RSM Eastern Africa and QLOT Consulting as transaction advisers for the establishment of Kenya’s first national lottery.

• The consortium was the highest-ranked bidder in an open and competitive international tender evaluated using the Quality and Cost Based Selection method.
• The advisers will guide the board through the procurement of the national lottery operator, covering concession structuring, legal advisory, financial modelling, and more.
• Proceeds from the lottery are designated for public-benefit programmes, with a focus on responsible gaming and transparent management of the National Lottery Fund.

Co-operative Bank of Kenya has issued a 40-day notice to sell a property of South Nyanza Sugar Company (Sony Sugar) over a significant debt.

• The outstanding debt amounts to Sh862.3 million.
• The lender is Co-operative Bank of Kenya, and the borrower is Sony Sugar.
• The bank intends to exercise its statutory power of sale over Land Reference No. 16339/1 if the debt is not settled within 40 days of the July 14, 2026 notice.

Kenya Power has introduced performance management contracts for over 6,000 unionisable employees, a move aimed at boosting productivity and customer service. This initiative marks a significant step for the utility and aligns with the Government-Owned Enterprises Act, 2025.

• Over 6,000 union staff are now under performance contracts.
• Key organizations involved include Kenya Power and the Kenya Electrical Trades and Allied Workers Union (KETAWU).
• The move is intended to enhance accountability, productivity, and customer service, and positions Kenya Power as one of the first State-owned enterprises to adopt such contracts for union staff.

Invest Kenya and the East Africa Venture Capital Association (EAVCA) have partnered to enhance private capital inflow into Kenya and establish the nation as a premier investment hub in East Africa.

• Kenya aims to attract domestic and international financing, strengthening its position as an investment destination.
• Key organizations involved are Invest Kenya, represented by its Chief Executive Officer John Mwendwa, and EAVCA, represented by Christine Maina.
• Kenyan startups secured Sh16.3 billion in the first half of 2026, positioning the country third in Africa for startup funding.