The Cabinet has formally approved the partial privatisation of Kenya Pipeline Company (KPC), setting the stage for its Initial Public Offering (IPO) on the Nairobi Securities Exchange (NSE) by September 2025. The decision, reached during a Cabinet meeting on July 29, reinstates KPC into the government’s privatisation programme and marks a shift in Kenya’s economic governance. “The KPC listing will democratize ownership, unlock commercial potential, and set a new benchmark for state enterprise reforms,” said President William Ruto, speaking earlier at the NSE. Strategic Shift Toward Private Sector-Led Growth KPC, a cornerstone of Kenya’s fuel and energy logistics, has long…
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.
East African Breweries Plc (EABL) reported a KSh 12.2 billion after-tax profit for the year ended June 2025, marking a 12.2% increase from the previous year. The Kenya-based Diageo subsidiary credited the growth to foreign exchange gains, a revised excise duty structure, and lower borrowing costs. The Kenyan shilling, which reversed a 2023 depreciation, maintained stability through 2025, becoming Africa’s best-performing currency. A July report by Ebury Partners noted its continued strength is underpinned by “economic resilience and access to international funding.” Revenue and Operational Highlights EABL’s net revenue rose 4% to KSh 128.8 billion, with both beer and spirits…
Kenyans may soon face unprecedented limits on where and how alcohol is sold and consumed, following the unveiling of the 2025 National Policy for the Prevention, Management & Control of Alcohol, Drugs & Substance Abuse. The policy, launched by Interior CS Kipchumba Murkomen, proposes a ban on alcohol sales in everyday outlets such as supermarkets, restaurants, online platforms, and residential areas, citing public health risks and rising youth addiction. “This is not a mere policy document,” said Interior CS Kipchumba Murkomen. “It is a renewed commitment by the Government of Kenya to secure the health, safety, and future of every…
CFAO Healthcare, a leading pharmaceutical distributor in Africa and subsidiary of Toyota Tsusho, has acquired 100% of Goodlife Pharmacy, Kenya’s largest private retail pharmacy chain. This strategic move signals CFAO’s deepening expansion into East Africa’s retail healthcare market and reinforces its commitment to improving access to affordable, high-quality medicines across the continent. “By acquiring 100% of Goodlife Pharmacy, we are accelerating our transformation into a global healthcare player. Together, we will enhance accessibility, service quality, and innovation in the pharmaceutical sector,” said Jean-Marc Leccia, CEO of CFAO Healthcare. Expanding Access Across the Region Goodlife operates nearly 150 branches across Kenya…
In a strategic breakthrough for Kenya’s financial landscape, Safaricom, M-PESA, and PayPal have launched a new integration enabling seamless fund transfers between PayPal and M-PESA wallets. This move is poised to empower over 35 million M-PESA users and two million businesses and micro traders to tap into PayPal’s global network across 200+ markets. What This Means for Entrepreneurs The new service allows businesses, particularly freelancers, traders, and digital SMEs, to receive and send payments between PayPal and M-PESA effortlessly. It eliminates the friction of cross-border transactions, opening up global commerce for locally anchored enterprises, especially within Kenya’s booming gig economy…
Shri Krishana Overseas Limited (SKL) made history on 24th July 2025 by listing on the Nairobi Securities Exchange (NSE) SME segment, marking the first listing in five years since Homeboyz Entertainment Plc in 2020. This also becomes the first-ever packaging solutions provider to join the NSE. Founded in 2013 by Dr. Sonvir Singh and Nirmal Chaudhary, SKL manufactures corrugated and mono boxes, tapes, and labels and offers printing services across key sectors, including agriculture, floriculture, FMCG, and manufacturing. Additionally, the firm operates a footwear division under the brand “SKL Shoes,” supplying affordable footwear across local and regional markets. Listing Details SKL…