Kenya Business News
Breaking Kenyan business, economy and policy news - markets, KRA and tax, fuel prices and company results from Nairobi and across Kenya.
Kenya Advances Lamu Palm Oil Refinery Project to Curb Import Bill and Boost Domestic Agro-Processing
Kenya is accelerating plans to establish a palm oil refinery and commercial plantations in Lamu County to reduce its heavy reliance on foreign imports. The strategic initiative forms part of a broader industrial partnership with Malaysia aimed at boosting domestic agro-processing capacity.
By SHAHID YAKUB
John Ngumi Resigns from Kenya Airways Board Amid Telkom Kenya Sale Probe
Prominent investment banker John Ngumi has stepped down as an independent director of Kenya Airways while under active investigation regarding the controversial Ksh 6.2 billion sale of Telkom Kenya. The probe highlights rising regulatory scrutiny over state asset valuations and advisory fee transparency within the East African corporate landscape.
By SHAHID YAKUB
John Chirchir Steps In as Acting CEO of Kenya Tourism Board Following Leadership Transition
John Chirchir has assumed the role of acting Chief Executive Officer at the Kenya Tourism Board, succeeding Betty Radier after the conclusion of her six-year tenure. This leadership transition marks a critical juncture for institutional continuity and strategic marketing within Kenya's vital tourism economy.
By SHAHID YAKUB
Kenyan Shilling Holds Firm Against Dollar in August as Central Bank Maintains Rate at 8.75 Percent
The Kenyan shilling traded within a narrow range against the US dollar through August 2026, backed by robust foreign exchange reserves and stable monetary policy. However, the currency faced depreciation against the British pound and euro amid shifting global economic dynamics.
By SHAHID YAKUB
Kenya Accelerates East African Integration Strategy to Capture Regional Capital
Kenya is intensifying its diplomatic and economic efforts to deepen integration within the East African Community. This strategic push aims to unlock new cross-border investment opportunities and establish Nairobi as the commercial nerve center of a unified regional market.
By SHAHID YAKUB
Invest Kenya and EAVCA Forge Alliance to Mobilize Private Capital
Kenya's Investment Authority has partnered with the East Africa Venture Capital Association to attract domestic and international private capital. The move seeks to reinforce the country's status as a premier regional investment destination amid shifting funding trends.
By SHAHID YAKUB
Konza Technopolis Secures Hyperscale Partnership with AWS to Expand Kenya Digital Infrastructure
Kenya's Technopolis Development Authority has signed a formal collaboration agreement with Amazon Web Services to drive cloud adoption, workforce skills, and hybrid infrastructure at Konza. The deal introduces an on-site AWS Outpost and dedicated startup enablement to the 5,000-acre special economic zone.
By SHAHID YAKUB
Michael Michie Appointed Kenya Responsible AI Governor by Global Council
Kenyan technology leader Michael Michie Kamau has been appointed the Responsible AI Governor for Kenya by the Global Council for Responsible AI. The strategic move integrates local technical expertise into international technology governance as regional adoption accelerates.
By SHAHID YAKUB
Absa and Simba Corporation Forge Strategic Asset Financing Alliance in Nairobi
Absa Bank Kenya and Simba Corporation have signed a memorandum of understanding in Nairobi on August 20, 2026, establishing comprehensive financing terms for commercial vehicles, passenger cars, and agricultural equipment. This collaboration operates within Absa's wider KES 100 billion asset finance push, utilizing the ABF 2.0 product to accelerate loan approvals and disburse funds against productive enterprise assets.
By SHAHID YAKUB
United Asian Network Hosts Community Leadership Forum Dinner to Accelerate Civic Collaboration and Economic Cohesion
Demonstrating the power of structured institutional dialogue, the United Asian Network (UAN) has convened a Community Leadership Forum Dinner in Nairobi. Bringing together executive leaders, civic representatives, and business captains from across the Kenyan Asian community, the forum established a collaborative roadmap to align private sector capital, philanthropic resources, and youth mentorship with national development priorities.
By SHAHID YAKUB
Absa Bank and Simba Corporation Forge Strategic Alliance to Scale SME Vehicle Financing in Kenya
Absa Bank Kenya has partnered with Simba Corporation to expand vehicle and asset financing access for Kenyan small and medium-sized enterprises. The agreement delivers up to 95 percent commercial vehicle funding and full backing for educational institutions to alleviate cash flow constraints.
By SHAHID YAKUB