Category
Business
Govt to Construct New Terminal and Upgrade Runways at Wilson Airport
The Kenyan government has announced sweeping plans to modernise Wilson Airport, including the construction of a brand new passenger terminal and extensive runway works. Aviation and Aerospace Development Principal Secretary Teresia Mbaika confirmed the upgrades, which come as the airport now handles close to 800,000 passengers annually despite being built for just 20,000.
Kenya Lands Ksh7.8 Billion German Cooperation Deal for 2026–2028
Kenya has concluded a landmark financial and technical cooperation agreement with Germany worth Ksh7.8 billion, spanning the 2026 to 2028 period. The deal covers renewable energy, digital transformation, agribusiness, and skills development, cementing one of Kenya's most significant bilateral partnerships in recent years.
Ruto Challenges Banks to Lend More to Kenya's Small Businesses
President William Ruto has put Kenya's banking sector on notice, urging lenders to dramatically scale up credit to micro, small, and medium enterprises on World MSME Day, warning that locking out small traders is costing the country its economic future.
Owners of 14 Riverside Complex Seek to Block Sh10.6bn Debt Enforcement
Cape Holdings, owners of Nairobi's 14 Riverside complex and the DusitD2 hotel, have filed a High Court petition to block enforcement of a Sh10.68 billion judgment by hire purchase lender Synergy Industrial Credit, arguing that Sh9.01 billion of the total sum represents compound interest that accrued improperly while the original arbitral award was legally void.
Kenya's ICT Imports Hit Record High Amid Data Centre and AI Investment Surge
Kenya's ICT equipment imports surged to a record Sh12.45 billion in April, more than doubling the March figure, as demand for servers, storage units, and telecoms gear signals a major wave of data centre and AI investment. The boom comes even as the country remains heavily dependent on imported technology, spending Sh28 for every Sh1 earned from ICT exports.
Absa Bank Kenya CEO Abdi Mohamed Steps Down, Tipped for New Role
Abdi Mohamed has stepped down as Absa Bank Kenya's CEO after three years in the role, with industry sources tipping him for a move to another Kenyan lender. His exit comes as Absa Group pushes a Sh31 billion buyout offer and the bank navigates a challenging first quarter of 2026.
Kenyan Oil Traders Take Fresh Hit as Rwanda Opts for G-to-G Fuel Deal
Rwanda is set to adopt a government-to-government fuel importation model from August 2026, with Oman's OQ Trading as its new supplier. The move locks Kenyan oil marketers out of yet another regional market, following Uganda's similar deal in 2023, further shrinking the footprint of Kenya's private oil trading sector in East Africa.
Public-Private Partnerships Accelerate Kenya Infrastructure Development With KSh 156 Billion Committed
Public-private partnership frameworks in Kenya secured KSh 156 billion in committed investment during 2025-2026 for roads, water, energy, and social infrastructure. PPP projects including the Nairobi Ring Road and coastal water supply systems advanced Kenya's Vision 2030 infrastructure agenda through private sector capital mobilization.
County Investment Conferences Attract KSh 18.7 Billion in Committed Business Development Projects
Kenya's devolved county government investment conferences in 2025-2026 attracted KSh 18.7 billion in committed business development projects across 47 counties. Nakuru, Kisumu, and Mombasa counties led private sector investment attraction, promoting agribusiness, manufacturing, and tourism development opportunities.