Markets & Investment
Family Bank raises over Ksh.8B in heavily oversubscribed private share placement
The bank announced in Nairobi that the offer closed at 131 per cent subscription, drawing strong interest from pension funds, insurers, fund managers, corporates, and individual investors.
Inside six-month valuation that guided Gov’t sale of Safaricom shares to Vodacom for Ksh.245B
CS Mbadi said valuation had been done using open market data, noting that Safaricom’s share price is publicly available and has been relatively stable over the past several months.He added that over the six months leading up to October 31, Safaricom’s stock had averaged around Ksh.25 per share, form...
Government offloads 15% stake in Safaricom to Vodacom for Ksh.245 billion
The stake, equivalent to 6,009,814,200 ordinary shares, each sold at Ksh.34 each, will see the State’s retained ownership in Safaricom decreasing from 35% to 20%.
Kenya’s construction boom drives sharp rise in demand for lifts
Speaking during the International Sourcing Exposition for Elevators and Escalators (ISEE Africa) at the KICC, industry leaders said vertical transport systems have become indispensable in Kenya’s rapidly expanding skyline.
Urysia unveils Jeep, Citroën in major multi-brand shift
The company says the expanded portfolio positions it to meet Kenya’s changing mobility demands with a broader range of passenger and commercial vehicles, stronger customer support systems and better access to advanced automotive technologies.
Tad Motors unveils first electric vehicle line in Nairobi
The event, held on November 27, drew an influential mix of government officials, diplomats, investors, and technology partners who gathered to witness what many described as a defining moment for the country’s mobility future.
CS Kagwe urges China to remove tariffs on Kenyan coffee, tea and avocados
During the engagement, Kagwe highlighted that current tariffs on Kenyan goods are high, with non-roasted coffee taxed at 8 percent, roasted coffee at 20 percent, tea at 15 percent, and avocados up to 20 percent.
Paramount Bank surpasses CBK’s Ksh.3B capital requirement ahead of deadline
The bank achieved this after a successful rights issue that raised Ksh.332 million from existing shareholders, pushing its core capital to Ksh.3.118 billion as of September 2025. The additional capital has been reported to the CBK in line with regulatory guidelines.