Airtel Africa plc has reached a new milestone in its capital allocation strategy, announcing the purchase and subsequent cancellation of 40,000 ordinary shares on January 2, 2026. This move is part of the company’s ongoing $100 million share buy-back programme designed to enhance long-term shareholder value. Transaction Breakdown The shares, each valued at $0.50, were acquired through Barclays Capital Securities Limited across several major trading venues, including the London Stock Exchange (LSE), BATS, and Chi-X Europe. Price Range: 356.40p – 363.80p Volume-Weighted Average Price (VWAP): 361.09p Total Shares Repurchased (to date): 40,965,209 Cumulative VWAP: 152.4457p Updated Share Capital & Voting…
Author: Lorine Otamo
Lorine Otamo
Lorine Otamo is a science journalist who covers health, technology, agriculture, and climate change. She has a Bachelor of Science Degree in Journalism and Mass Communication and a knack for simplifying complex scientific topics.
Standard Chartered Bank Kenya has announced new individual account tariffs, detailing charges across everyday banking services. The revised schedule, effective December 2025, covers mobile money transfers, credit cards, bundled accounts, cheque services, debit card use, and salary processing. Mobile Money Transfers Customers transferring funds from Standard Chartered accounts to mobile wallets (M-PESA, Airtel Money, T-Kash) will pay fees based on transaction amounts. Transaction Amount (Ksh) Fee (Ksh) 0 – 100 Free 101 – 500 11 501 – 1,000 15 1,001 – 1,500 18 1,501 – 2,500 25 2,501 – 3,500 35 3,501 – 5,000 47 5,001 – 7,500 57 7,501…
Safarilink Airline, Kenya’s premier safari airline, launched a direct Christmas-season flight connecting Kisumu, Kenya, to Entebbe, Uganda, a milestone that underscores Kisumu’s growing role as a regional economic and transport hub. Local officials hailed the new service as a strategic step toward positioning the lakeside city as a gateway for East and Central Africa. Kisumu–Entebbe Flight Strengthens Regional Integration Speaking on behalf of Governor Prof. Anyang’ Nyong’o, Deputy Governor Dr. Mathew Owili described the new route as more than a travel convenience. “It represents a strategic initiative to foster deeper regional integration and bolster economic growth,” he said. The Kisumu–Entebbe…
Crown Healthcare, a leading Kenyan medical products distributor, has secured a US$10 million (Sh1.31 billion) investment from Impact Fund Denmark to accelerate construction of a large-scale pharmaceutical manufacturing plant. The facility is designed to reduce Kenya’s heavy reliance on imported medicines, strengthen domestic value chains, and improve access to quality drugs across East Africa. Strengthening Supply Chains and Creating Jobs The deal marks Impact Fund Denmark’s latest push into African healthcare manufacturing, part of its broader strategy to build resilient local supply chains and reduce systemic import dependence. Noblestride Capital advised on the transaction, structuring and executing the deal. “With…
MK‑Africa, the creator of the premier youth‑led sustainability innovation platform #MyLittleBigThing, has entered a strategic partnership with the Absa Kenya Foundation (AKF) to empower the next generation of sustainability champions. The Memorandum of Understanding (MoU), signed on Monday, coincided with the launch of the two‑day #MyLittleBigThing Innovation Bootcamp. About #MyLittleBigThing #MyLittleBigThing by MK‑Africa is a leading impact initiative that empowers African youth to develop innovative solutions to sustainability challenges. It provides a platform where young people transform their passion for sustainability into scalable, real‑world solutions. This week, 50 high‑potential youth innovators are participating in a two‑day bootcamp focused on problem…
Kenya’s creative industry just got a major boost. NCBA Bank and HEVA Fund have signed a groundbreaking MOU to roll out tailor-made financial products designed specifically for artists, musicians, and creative entrepreneurs. The announcement came during the NCBA Creative Economy Summit and the Elev8 LIVE album launch—a high-energy celebration of emerging talent and the evolving Kenyan music scene. What’s New for Creatives? HEVA and NCBA are introducing five financing solutions that directly address the unique challenges of the creative sector: Event Financing – for concerts, festivals, and shows Invoice Discounting – to ease cash flow gaps LPO Financing – supporting…