The Senate Committee on County Public Investments and Special Funds has mandated Nairobi and Mombasa counties to present plans for settling their substantial pension debts.

• Nairobi owes an estimated Sh39 billion to LAPTRUST and Sh6.3 billion to LAPFUND, while Mombasa has liabilities totaling Sh1.213 billion.
• The committee, chaired by Senator Johnes Mwaruma, met with Nairobi Governor Johnson Sakaja and Mombasa Governor Abdullswamad Sheriff Nassir.
• Nairobi claims it has been current on pension debt since 2022, disputing penalties and actuarial charges.
• Mombasa was given seven days to provide a detailed breakdown of its liabilities and settlement proposals.

Parkview Shopping Arcade Limited has placed a prime 1.695-acre property in Nairobi's Westlands area on the market with a reserve price of Sh600 million.

• The property is located opposite the Westgate Shopping Mall.
• Parkview Shopping Arcade Limited is the seller, with Scraj Homes Limited appointed as the exclusive sales agent.
• The property is currently charged to UBA Bank as security for a loan to Nakumatt Holdings Limited, and the sale is contingent upon the discharge of this charge.

Stanbic Bank Kenya has officially confirmed the appointment of Michael Mutiga as its new Chief Executive, following regulatory approval from the Central Bank of Kenya.

• Stanbic Bank Kenya reported a KES 6.6 billion Profit After Tax in H1 2026.
• The appointee, Michael Mutiga, brings extensive experience from roles at Safaricom PLC and Citibank.
• He takes over from Abraham Ongenge, who served as acting Chief Executive.

Sidian Bank and Kenya Industrial Estates (KIE) have partnered to enhance access to loans and business support for small and medium-sized manufacturing enterprises (MSMEs) in Kenya.

• The collaboration aims to provide MSMEs with tailored financing, training, and business development services.
• Key players include Sidian Bank Managing Director and CEO John Okulo, KIE Managing Director Nelson Kwamini, and State Department for MSMEs Development Principal Secretary Susan Mang’eni.
• The partnership will initially focus on businesses involved in manufacturing and value addition, offering solutions responsive to their specific needs and growth stages.