Author: Korir Issa

Sidian Bank has completed a KSh 3 billion rights issue, pushing its core capital to KSh 11.63 billion and clearing the Central Bank of Kenya’s minimum capital threshold for commercial banks three years ahead of the December 2029 deadline. The raise marks the third consecutive year the tier II lender has returned to shareholders for capital, bringing the cumulative total to nearly KSh 6 billion since 2024. The board of management approved the fundraising in November 2025. The bank then collected the proceeds in two tranches, in January and February 2026, following a rights issue offered to existing shareholders. The…

Africa’s energy challenges demand collective solutions according to the 7th Annual EPRA Research and Innovation Conference, held in Nairobi on 21 April 2026, where energy regulators, policymakers, researchers and industry leaders gathered to chart a path toward affordable, secure and resilient energy systems across the continent. Research as the Foundation for Resilient Energy Systems Themed Advancing Energy Affordability and Security in Sustainable Development, the conference opened with a call from Dr. Eng. Joseph Oketch, Acting Director General of the Energy and Petroleum Regulatory Authority (EPRA), for Africa to anchor its energy future in systems built to withstand disruption. “The challenges…

Kenyans living abroad sent home a record Ksh58.15 billion (USD 450.3 million) in March 2026, the highest single month ever recorded, surpassing the previous peak of USD 445.39 million set in December 2024, a month that historically draws higher volumes from festive season transfers. The 9.1% jump from February’s Ksh53.31 billion marks a decisive turn after a slower start to the year, when January flows sat at Ksh52.65 billion. It also pushes Q1 2026 cumulative inflows to USD 1.27 billion, up 3.4% from USD 1.23 billion in the same period last year, and locks in remittances as Kenya’s single largest…

Electric mobility firm, BasiGo has initiated the local assembly of its Ma3e electric vans in Mombasa. This milestone represents the first time electric vans have been manufactured within Kenya. By partnering with Associated Vehicle Assemblers (AVA), BasiGo utilizes Complete Knocked Down (CKD) kits to build the fleet. The company expects to deliver the first 22 locally produced units to customers throughout April and May. Performance Specs and Versatile Applications The Ma3e caters to high-demand operations. It delivers a range of 300 kilometers on a single charge and supports diverse transportation needs. Over the last 10 months, BasiGo deployed two electric…

Aliko Dangote wants $40 billion and five years to build an industrial operation that could reshape how Africa fuels its economies and feeds its people and he wants African capital markets to help pay for it. The Dangote Group has announced it needs at least $40 billion through 2030 to fund an expansion that would more than double the capacity of its Lagos refinery and quadruple urea fertilizer production. The plan, branded Vision 2030, targets $100 billion in annual group revenue by the end of the decade. The African Export-Import Bank, which is backing the programme, confirmed the figures to…

Kenya’s High Court has dismissed a bid to block Diageo’s $2.3 billion sale of East African Breweries Limited to Japan’s Asahi Group Holdings, clearing one of the last legal obstacles to what ranks among the largest corporate transactions in the country’s history. Judge Bahati Mwamuye threw out the application on Thursday, lifting all orders that could have impeded completion of the deal. “The petitioner’s notice of motion dated 5th January 2026 is hereby dismissed,” she ruled. What the Deal Involves Diageo agreed in December 2025 to sell its 65% stake in EABL to Asahi as part of a wider strategy…