Latest from The Kenyan Wall Street

business1d ago

Raxio Group Launches Angola’s Largest Data Center

Raxio Group has launched Angola's largest data center, a US$30 million facility that significantly boosts the country's digital infrastructure. This new hub will host Angola’s Internet Exchange Point (IXP), ensuring local internet traffic remains within the country.

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business15h ago

Kenya Re Extends Suspension of Managing Director Dr. Hillary Wachinga

Kenya Reinsurance Corporation has extended the suspension of its Managing Director, Dr. Hillary Wachinga, for an additional 21 working days effective October 2, 2025, following an initial 21-day suspension.

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business1d ago

Chicken Inn, Pizza Inn Owner’s Revenue Jumps 12%, Deliveries Grow as Customer Visits Dip

Simbisa Kenya, owner of popular franchises like Chicken Inn and Pizza Inn, reported a 12% revenue increase in the year to June 2025, despite a 6% decline in customer visits. This growth was significantly driven by a 33% rise in delivery sales.

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business1d ago

5 Ways Omnichannel Customer Experience Can Spur Revenue Growth for Your SME

An omnichannel customer experience (CX) strategy is vital for SMEs to achieve revenue growth, engagement, and retention. This approach leverages multiple communication channels to create a seamless customer journey.

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business1d ago

Trade Gap Pushes Kenya’s Current Account Deficit to KSh 83.7Bn

Kenya's current account deficit significantly widened to KSh 83.7 billion in the second quarter of 2025, marking a 76.6% increase from the previous year. This expansion was primarily driven by a larger merchandise trade deficit as exports declined and imports grew.

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business1d ago

MPs Approve Kenya Pipeline’s KSh 100bn Privatization

The National Assembly has approved the privatization of the Kenya Pipeline Company (KPC), paving the way for what could be Nairobi's largest initial public offering in over two decades. The government plans to sell up to 65% of its stake in the strategic petroleum transporter, aiming to raise approximately KSh 100 billion.

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business2d ago

Cheaper Credit Unlocks Kenya’s Construction Sector Growth

Kenya’s construction sector is experiencing a significant boom, driven by easier access to credit and robust developer financing, leading to a sharp rebound in building activity and surging property demand. The industry expanded by 5.7% in the second quarter of 2025, reversing a 3.7% contraction in the same period of 2024.

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business2d ago

Kenya’s Economy Grows 5.0% in Q2 2025 on Agriculture and Services

Kenya’s economy grew by 5.0% in the second quarter of 2025, outstripping the 4.6% growth in the same period last year. This expansion was primarily driven by strong performances in the agriculture and services sectors, alongside a recovery in construction and mining.

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business2d ago

Power Blackouts Have Declined By 7% but System Losses Remain Stubborn

Kenya experienced a slight improvement in electricity grid reliability during the financial year ended June 2025, with fewer and shorter power blackouts, according to the Energy and Petroleum Regulatory Authority (EPRA). Despite this, the nation's grid performance continues to fall short of both national and regional benchmarks, and system losses remain persistently high.

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business2d ago

MPs Demand Repayment Plan From KQ As State Bailouts Persist

KQ is facing fresh pressure to spell out how it intends to repay billions of shillings in government bailouts.

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business2d ago

Parents Catch a Break as Training Fees Fall, But Food and Power Costs Raise Inflation to 4.6%

Kenyan parents and students found some relief as training fees for certificate and vocational courses decreased in September, even as the country's overall inflation rose to 4.6%. This provided a contrast to rising costs in mainstream education and certain essential goods.

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business2d ago

Saudi Low-Cost Airline Flynas Launches Direct Nairobi-Riyadh Flights

Flynas, a privately owned Saudi low-cost airline, has launched direct flights between Nairobi and Riyadh, aiming to capitalize on increasing traffic and strengthen economic ties between Kenya and Saudi Arabia.

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business2d ago

Family Bank Inches Closer to NSE Listing

Family Bank shareholders will hold an Extraordinary General Meeting on October 27, 2025, to vote on listing the bank’s ordinary shares on the Nairobi Securities Exchange (NSE) by introduction. This move aims to enhance liquidity for shareholders and improve transparency.

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business2d ago

NSE Launches Banking Sector Index

The Nairobi Securities Exchange (NSE) has launched a new Banking Sector Index, effective October 1, 2025. This market-cap-weighted, float-adjusted index will serve as a benchmark for investors and facilitate the creation of new products like exchange-traded funds, following a strong performance by the banking sector in 2025.

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business3d ago

Kenya is Wasting 40% Of Its Harvest Even as Hunger Bites, WRI Warns

Kenya loses a staggering 40% of its harvest to waste annually despite widespread hunger, according to a report by the World Resources Institute (WRI). This significant food loss, termed food loss and waste (FLW), is attributed to structural issues across the agricultural supply chain rather than individual negligence.

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business3d ago

Africa Finance Corporation Raises US$ 1.5bn in Debt

Africa Finance Corporation (AFC) has secured its largest-ever debt facility, a US$1.5 billion syndicated loan, for general corporate purposes. This three-year facility attracted strong demand, onboarding new lenders and achieving more favorable pricing compared to last year's loan.

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business3d ago

New Regulations to Tighten Customer Service in Kenya’s Power Sector

Kenya is set to implement new stringent customer service standards for its electricity sector through the Draft Energy (Electricity Reliability, Quality of Supply and Service) Regulations, 2025. These regulations aim to enhance accountability and improve customer experience across all licensees in the power industry.

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business3d ago

35 SACCOs Risk Sanctions as Regulator Escalates Anti-Money Laundering Crackdown

Thirty-five SACCOs face potential sanctions for failing to register with the Financial Reporting Centre (FRC), a requirement under new anti-money laundering regulations. This crackdown is part of Kenya's efforts to address its "grey listing" by the Financial Action Task Force (FATF), aiming to restore international confidence in its financial system.

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business3d ago

KRA Pushes to Have Banks, Clients Withhold Taxes for Non-Compliant Foreign Firms

The Kenya Revenue Authority (KRA) is proposing new regulations allowing it to compel Kenyan banks, payment processors, and customers to withhold and remit taxes on behalf of non-compliant foreign technology companies. These draft Income Tax (Significant Economic Presence) Regulations, 2025, aim to broaden the tax base beyond the lapsed Digital Service Tax.

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business3d ago

Ethiopia MPC Holds Policy Rate at 15%, Raises Credit Growth Ceiling to 24%

The National Bank of Ethiopia’s Monetary Policy Committee maintained its benchmark interest rate at 15% in September 2025, while simultaneously raising the credit growth ceiling to 24% for FY 2025/26.

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business3d ago

KDIC Updates Deposit Insurance Coverage Through June 2026

The Kenya Deposit Insurance Corporation (KDIC) has updated its list of institutions with deposits insured until June 30, 2026, safeguarding depositors against potential bank failures.

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business4d ago

KCB is Vying to Boost East Africa/US Trade, Investments, CEO Paul Russo Says at Bullish Kenya

KCB Group is intensifying its efforts to support businesses and investors engaging with East Africa and the US markets, leveraging its regional presence, according to CEO Paul Russo.

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business4d ago

SACCOs Face KSh 3.5bn in Unremitted Funds from Employers

Kenyan SACCOs are grappling with a surge in unremitted funds from employers, reaching KSh 3.49 billion in 2024, an increase from KSh 2.59 billion in 2023.

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business4d ago

Meet the Team Powering Superior Homes’ Real Estate Vision: Judy Maroko, Site Operations Manager

In an interview with The Kenyan Wall Street, Judy Maroko, Site Operations Manager, at Superior Homes discussed the critical role of robust project management in delivering successful real estate projects and building lasting relationships with stakeholders.

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business4d ago

Shri Krishana Issues Profit Warning as Borrowing Costs Surge, H1 Net Profit Falls 70%.

Newly listed on the Nairobi Securities Exchange, Shri Krishana Overseas PLC has issued a profit warning after its half-year net profit for H1 2025 plummeted by 70.4% due to surging borrowing costs associated with its expansion plans.

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business4d ago

Kenya Plans To Slash Mobile Money Transaction Fees

The Central Bank of Kenya (CBK) plans to significantly reduce mobile money transaction fees, aiming to reignite financial inclusion and broaden participation in the digital economy. This initiative is detailed in the draft National Financial Inclusion Strategy 2025 – 2028, which seeks to address the stagnation in new mobile money users despite rising transaction volumes.

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business5d ago

NSE Secondary Bond Market Crosses Record KSh 2 Trillion in Turnover

The Nairobi Securities Exchange (NSE) secondary bond market has achieved a historic milestone, surpassing KSh 2 trillion in turnover as of September 24, 2025. This marks the first time the market has reached this level within a single year, exceeding 2024's full-year record of KSh 1.544 trillion by over 30%.

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business5d ago

After US$1.9bn MultiChoice Acquisition, Canal+ Overhauls Leadership Team

French media giant Canal+ has officially acquired MultiChoice Group for an estimated US$1.9bn, leading to a significant corporate restructuring across Africa. The acquisition merges MultiChoice with Canal+’s existing African operations to form Canal+ Africa, consolidating subscriptions and leadership.

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business4d ago

How to Create a Home Office That Inspires Work

A well-designed home office is crucial for productivity and well-being, as it significantly impacts mood, focus, and energy. This guide outlines how to create an inspiring workspace, focusing on thoughtful design and organization rather than just aesthetics.

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business4d ago

Kenya To Raise Compensation Limits to Bolster Trust in the Financial Sector

Kenya is set to increase compensation limits for policyholders and depositors to strengthen trust in its financial sector amidst rising fraud and cyberattacks. This move is part of a broader strategy to enhance safety nets for consumers of financial instruments.

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