Author: David Indeje

Sidian Bank has joined Kenya’s mid‑tier lenders after the Central Bank of Kenya (CBK) confirmed its upgrade to Tier 2 status in late September 2025. This is a milestone for the bank, which has steadily grown its market share from 0.7% in December 2024 to above 1% by September 2025, meeting CBK’s classification threshold for medium‑sized lenders. The upgrade was fueled by a Sh3 billion rights issue and a total Sh6 billion capital injection from shareholders, alongside onboarding large corporate accounts, particularly from government institutions. Tier 2 Banks in Context The Kenya Bankers Association’s State of the Banking Industry Report…

The Board of Directors of East African Breweries PLC (EABL) has confirmed that Diageo PLC will sell its majority stake in EABL and its shareholding in UDV (Kenya) Limited to Asahi Group Holdings. This marks the first major investment by a Japanese brewing giant in Africa’s alcoholic beverage sector, underscoring East Africa’s growing appeal to global investors. Asahi to Lead Operations Across Kenya, Uganda, and Tanzania Under the transaction, Asahi will assume majority ownership of EABL, taking control of operations in Kenya, Uganda, and Tanzania. The company has pledged to preserve beloved local brands while introducing globally recognised names such…

Safaricom’s Shangwe @25 nationwide consumer promotion is transforming ordinary lives across Kenya. From poultry farmers in Bomet to health workers in Kisumu, shopkeepers in Thika, and entrepreneurs in Nairobi, the campaign is creating millionaires while uplifting communities. Sheila Cheptoo: From Hustling to Hope In Masare village, Bomet County, 25‑year‑old Sheila Cheptoo wakes up before sunrise to the sound of her 132 chickens. “It reminds me of how far I’ve come,” she says, “and how much more I hope to achieve.” After hustling through failed market ventures, Sheila turned to poultry and maize farming. Progress was slow—until one ordinary M‑PESA transaction…

Former Lugari Member of Parliament Cyrus Shakhalaga Khwa Jirongo, widely known simply as Cyrus Jirongo, died on December 13, 2025, in a road accident at Karai area, Naivasha, Nakuru County. Police reported that his Mercedes Benz collided head‑on with a passenger bus at around 3:00 a.m. The 64‑year‑old was driving alone and succumbed to head injuries on the spot. His passing has drawn tributes from President William Ruto, senior political leaders, and colleagues across the divide, underscoring the influence of a man whose career spanned decades in politics, business, and public life. Early Life and Education Jirongo was born in…

The Africa DNS Forum 2025 opens in Accra, Ghana, under the theme “Resiliency of the DNS in Africa.” Organised by ICANN, the Africa Top Level Domains Organisation, the AfRegistrar Association, and the Ghana Domain Name Registry, the forum is a flagship event for Africa’s domain name industry, bringing together registries, registrars, policymakers, and technical experts to chart the future of the Domain Name System (DNS) across the continent. Key Focus Areas DNS Resilience: Ensuring Africa’s DNS infrastructure can withstand technical, operational, and security challenges. Market Growth: Addressing low domain uptake—ICANN studies show just over 5 million domain registrations across Africa’s…

Credit Bank PLC has unveiled a recapitalisation plan designed to strengthen its balance sheet, restore regulatory compliance, and set the stage for a potential Nairobi Securities Exchange (NSE) listing within three years.  KES 4.5 Billion Private Placement At the upcoming Extraordinary General Meeting (EGM) on 19 December 2025, shareholders will vote on a proposal to raise Sh4.5 billion through a private placement of 45 million new ordinary shares at Sh100 each. The issue will target existing shareholders and qualified investors, with the board empowered to determine pricing, timing, allocation, and issuance terms. Preference Shares, Asset Swap and Convertible Note Credit…