Gikomba Traders Count Losses After Demolitions - March 2026

Nairobi County officials have demolished part of the Gikomba market's shoe section, destroying stalls and scattering goods. The operation targets structures built on riparian land as part of a wider government directive to reduce flooding risks. Separately, Acorn Investment Management Limited, the owner of Qwetu student housing, announced a profit of Sh1.52 billion for the year ending December 31, 2025, marking a 9.2 percent increase. The Kenyan government is also intensifying scrutiny of the Turkana oil development plan by Gulf Energy, introducing independent environmental and social monitoring audits.