Kenya’s inflation rate stood at 4.5% in December 2025, unchanged from November and remaining close to its highest level since June 2024. Despite persistent food price pressures, inflation stayed below the 5% midpoint of the Central Bank of Kenya’s (CBK) target range for the 19th consecutive month, underscoring continued macroeconomic stability. Key Drivers of Inflation According to the Kenya National Bureau of Statistics (KNBS) Consumer Price Indices (CPI) report: Tomatoes surged 30.3% year-on-year. Sugar prices rose 12.5%. Sukuma wiki (kale) jumped 23.4%. More moderate increases were seen in maize flour-sifted (1.0%), potatoes (4.5%), and cooking oil (0.1%). Overall, food and…
Author: Korir Issa
Korir Issa
IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.
On December 22, 2025, Kenya’s Capital Markets Authority (CMA) licensed Safaricom Plc and Airtel Money Kenya Limited as Intermediary Service Platform Providers (ISPPs). This move allows the two telecom giants to connect millions of mobile money users directly with regulated capital markets products through their existing digital platforms. Safaricom and Airtel Market Shares According to the Communications Authority’s Q1 2025/2026 Sector Statistics Report: Safaricom leads with 65.3% of mobile subscriptions and an overwhelming 89.7% share of mobile money. Airtel holds 30.7% of mobile subscriptions and 10.3% of mobile money users. Kenya’s mobile money sector now counts 48.6 million subscriptions, with…
Advertising agency WPP Scangroup Plc has warned that its earnings for the year ending December 2025 will fall by at least 25%, extending a prolonged period of financial strain marked by client losses, management changes, and repeated restructuring. The company attributed the expected downturn to weaker client spending, the loss of a major account, reduced interest income, and one‑off restructuring costs exceeding KSh 160 million. This marks the third consecutive year of profit warnings and the fourth in five years, following similar alerts in 2021, 2023, and 2024. Financial results have underscored the strain: profit before tax swung to a…
Africa Logistics Properties Holdings Limited (ALPH) has received regulatory approval to launch a US dollar-denominated Real Estate Investment Trust (REIT), marking a milestone for Kenya’s capital markets and the broader East African property sector. CMA Clears ALP Industrial REIT The Capital Markets Authority (CMA) has approved the establishment of the ALP Industrial Real Estate Investment Trust (ALP REIT), allowing ALPH to issue units to investors through a Restricted Offer. Once listed, the ALP REIT will become the first USD-denominated issuance on the Nairobi Securities Exchange (NSE) and the first industrial REIT in East Africa. Income REIT Structure and Investor Benefits…
Standard Bank Group, trading as Stanbic Bank in Kenya and Africa’s largest bank by assets, has partnered with Safaricom Telecommunications, Kenya’s leading telecommunications provider, to deliver USD 138 million (KES 17.94 billion) in funding to Safaricom Telecommunications Ethiopia PLC (STEP). The facility positions Standard Bank as the sole arranger, lender, and facility agent, while also providing advisory support. The financing underpins Safaricom’s ongoing rollout of digital infrastructure and services in Ethiopia, one of Africa’s fastest‑growing telecom markets. Regional Impact Dr. Joshua Oigara, Regional Chief Executive for East Africa, Standard Bank Group, stated: “This partnership reflects our commitment to enabling sustainable growth across the…
Since the beginning of 2025, Kenya has faced significant economic challenges, leading to the closure of numerous companies, while others have ceased operations or entered receivership. Rising operational costs, financial instability, and post-pandemic pressures have reshaped the corporate landscape. Angaza Kenya Ltd Voluntary Liquidation Angaza Kenya Ltd has commenced a members’ voluntary liquidation process, according to a public notice dated December 10, 2025. The move follows a resolution passed during an Extraordinary General Meeting (EGM) on November 24, 2025. “Notice is hereby given that the following Special Resolution was passed at an Extraordinary General Meeting of the members of ANGAZA…