Property developer Artesano is set to construct a new Sh593.4 million hotel in Gigiri, Nairobi, aiming to serve diplomats, business travelers, and residents.

• The proposed 11-storey hotel will feature 152 accommodation units, including apartment suites and guest rooms.
• Artesano is the property developer behind this significant investment.
• The hotel will be located in Gigiri, an area with a high concentration of diplomatic missions and growing demand for accommodation.

Uchumi Supermarket PLC is scheduled to hold a creditors' and members' meeting on September 21, 2026, as part of its ongoing insolvency proceedings before the High Court of Kenya.

• The meeting, overseen by Insolvency Practitioner Owen Koimburi, will address the Company Voluntary Arrangement (CVA) and operational, legal, and financial matters.
• This follows years of restructuring efforts since 2019 as the once prominent retailer seeks to resolve outstanding obligations to creditors.
• The proceedings are part of Insolvency Petition No. IP 25 of 2018.

Newly appointed National Infrastructure Fund (NIF) CEO James Mworia supports listing an infrastructure fund on the Nairobi Securities Exchange (NSE) to boost investment.

• The proposed NIF Infrastructure Development Fund would leverage regulations similar to Development Real Estate Investment Trusts (D-REITs).
• James Mworia, former CEO of Centum Investments, aims to mobilize Sh5 trillion over the next decade for infrastructure projects.
• The NIF will fund projects in highways, railways, ports, agribusiness, and energy systems, utilizing both public and private financing.