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The bank served as the sole arranger, lender, and facility agent for the term facility, also providing advisory services to ensure the funding meets Safaricom’s specific operational and market needs.
The regulator confirmed that lenders have settled on varying benchmarks as they roll out the revised risk-based pricing model, meaning customers will now rely on different base rates depending on the bank.
A deficit shows that outflows are higher than inflows, meaning the economy must rely on outside funding to maintain stability. Kenya’s goods trade balance remains the main source of the gap due to the country’s reliance on imported inputs, machinery and consumer products.
The African Development Bank and KCB Bank Kenya have signed a Sh19.4bn package to strengthen KCB’s capital and trade guarantees, expanding green lending and SME finance in Kenya and the region.
The previous IMF arrangement ended in March this year, one month before its planned expiry, after the country failed to meet several performance targets, including raising more tax revenue. The collapse of that programme left the State seeking new room for credit at a time when its access to IMF funds is already tight due to nearly maxed-out limits.
The Central Bank of Kenya has opened a Sh20 billion voluntary switch auction, allowing FXD1/2016/010 holders to move into FXD1/2022/015, aiming to improve market efficiency and portfolio management.
Presenting the November 2025 Monetary Policy Committee (MPC) update on Wednesday, Thugge said improved global conditions and recent policy moves at home were helping steady the economic outlook.
KCB Bank has placed Cedarwood’s White Rhino Hotel under receivership, appointing Kamal Anantroy Bhatt to take full control of assets and operations, with all dealings now requiring his written consent.
The company will take up the full Sh5 billion greenshoe, bringing the tranche allocation to Sh20 billion, while Sh21.4 billion will be refunded to investors in line with the allotment terms outlined in the Information Memorandum.
Safaricom has in the past turned to green financing, including a Sh30 billion sustainability-linked loan from local lenders such as KCB, Absa Kenya, Standard Chartered Kenya and Stanbic Kenya. A green bond is a fixed-income instrument created to support climate and environmental projects.
The bank also noted that international oil prices have softened due to increased production and weaker global demand, though volatility persists amid ongoing uncertainties.
Safaricom maintained its dominance by adding 79,288 fixed internet customers during the same period, increasing its market share from 34.3 percent to 35.6 percent. Other providers such as Jamii Telecoms (Faiba), Ahadi Wireless, Vilcom Network, and Mawingu also strengthened their subscriber base, making it harder for Starlink to expand its footprint.
The World Bank points out structural challenges in Kenya’s telecoms industry. While the sector is growing rapidly, outdated rules on spectrum allocation, infrastructure sharing, and market oversight continue to favour large incumbents, raising costs for smaller operators and consumers and slowing investment in new networks.
Current performance-monitoring systems are also under scrutiny. While the National Treasury sets key performance indicators and targets, the World Bank says these benchmarks are not in line with private sector standards, meaning SOEs do not face meaningful financial consequences for underperformance.
According to specifications released on Monday by the exchange, the new product will be classified under the Index Future category and will be based on the NSE Banking Sector Index, which tracks the performance of all banking counters listed on the bourse.
Kenya recorded Africa’s fastest private sector growth in November, with its PMI rising to 55.0, the highest in five years, signalling stronger demand, hiring and business confidence.
Muslim business leaders in Nairobi have endorsed Tatu City, citing higher property returns, strong security and modern amenities as key reasons the development is drawing long-term investment.
Nyakang’o warned that these outstanding bills are putting the government in a “sinking in debt, in pending bills” situation, with serious consequences for the economy. She said the total has risen from Sh516.27 billion last year, despite repeated instructions to settle payments promptly.
System losses were reduced from 23.16% to 21.21% through the introduction of smart meters, replacement of malfunctioning meters, feeder upgrades, and improved energy accounting.
Mbadi explained that relying on projected future dividends assumes Safaricom will maintain its current profitability, which is not guaranteed.
Jambojet commands approximately 52 percent of Kenya’s domestic air travel market, a share that reflects the country’s rising demand for affordable and accessible flights. The airline operates as a subsidiary of Kenya Airways and is based in Nairobi, serving both local and regional destinations.
NSSF has filed an Environmental Impact Assessment for its Twin Towers project at Uhuru Highway and Kenyatta Avenue in Nairobi, outlining major economic benefits, environmental risks and proposed mitigation measures.
In a notice released on Friday, December 5, the agency said the iTax system will be offline for four hours during the weekend to allow for essential system updates. Maintenance is set to begin at 8 pm on Friday, December 5, 2025, and will end at 12 am on Saturday, December 6, 2025.
The case, filed as SC Petition No. 12 (E014) of 2022, pitted the bank against the Commissioner for Domestic Taxes from the Large Taxpayers Office. Kenya Bankers Association and Mastercard Asia Pacific (Pte) Limited took part as interested parties.
The firm noted that the platform had already received full approval from the National Bank of Ethiopia and the Information Network Security Agency, affirming compliance with all regulatory standards.
Kenya has launched a 2025–2028 financial inclusion strategy, a new sector plan and a Women Entrepreneurs Finance Code to expand access, protect consumers and close funding gaps nationwide.
The Data Commissioner has ordered DTB Kenya and DTB Uganda to each pay Sh250,000 to a customer after years of misdirected bank statements and data mishandling, underscoring stricter enforcement of Kenya’s data protection laws.
Kalahari Cement has secured CMA approval to buy Sh24.3 million EAPC shares from NSSF without a mandatory takeover offer, pending competition and mining sector regulatory clearances in Kenya.
Access Bank Kenya and National Bank of Kenya have launched the W Initiative in Kenya, extending women-led businesses access to finance, mentorship and enterprise support, after disbursing Sh18.23tr across Africa.
HF Group Plc has received Capital Markets Authority approval to issue and list 94,274,401 new ESOP shares at Sh5 each, enabling eligible employees in Kenya to gain ownership in the company.