Author: Korir Issa

Construction at the Port of Mombasa is moving. Berth 19B, the Ksh 19 billion quay extension contracted to China Communications Construction Company (CCCC) in March 2025, has now reached 30 percent completion. Berth 19B is already under construction at 30 percent progress, while plans are also underway to construct Berths 23 and 24, whose combined completion will increase Mombasa’s capacity by 1.4 million TEUs. What the New Berth Adds The project involves a major quay extension. The new berth will add 240 metres of quay length and provide a 15-metre draft, allowing the port to receive container ships of up…

The world’s largest electric two-wheeler manufacturer just entered one of Africa’s most contested transport markets.  Yadea Group Holdings (HKEX: 1585) unveiled its KIFA electric motorcycle at Autoexpo Kenya 2026 in Nairobi on June 4, marking its official entry into Kenya and its second named East African market after Ethiopia.  A business generating record revenue Yadea recorded revenue of RMB 37,008.2 million in 2025, a 31.1 per cent increase from RMB 28,236.2 million in 2024. Profit attributable to shareholders more than doubled to RMB 2,911.6 million from RMB 1,272.4 million. Total unit sales rose from approximately 13 million in 2024 to…

Canal+ did not come to Johannesburg simply to ring a bell and pose for photographs. The French media group arrived as the owner of MultiChoice, the architect of a €100 million turnaround plan, and the first French company ever to list on the Johannesburg Stock Exchange. The ceremonial kudu horn blast that marked the occasion on Wednesday signalled something more consequential than a routine capital markets event. The listing, designated number 263 on the JSE, gives Canal+ a secondary home alongside its primary listing on the London Stock Exchange, active since December 2024. Together, the two listings reflect a deliberate…

Credit Bank cut its pre-tax loss to KSh 26.6 million in the first quarter of 2026, down sharply from KSh 68 million in the same period a year earlier, as the lender pressed ahead with a deliberate strategy to rebuild capital, tighten asset quality, and reduce its reliance on loan income in a market where lending carries rising risk. The results reflect a bank navigating a difficult but familiar tension: grow too fast and absorb bad loans, or slow down and take the hit on short-term earnings. Credit Bank chose the latter — and the numbers suggest the trade-off is…

Sixteen girls are dead and dozens more injured after a fire tore through a dormitory at Utumishi Girls Academy in Gilgil, Nakuru County, in the early hours of Thursday, May 28, 2026. The government has shut the school indefinitely, and Education Cabinet Secretary Julius Ogamba has warned that anyone found responsible will face criminal charges. BREAKING: Utumishi Girls Academy has been closed for investigations over the dormitory fire that left 16 student dead continue. Education CS Julius Ogamba says those responsible for the fire will be charged. pic.twitter.com/X1hol3V604 — Brygettes Ngana (@NBrygettes) May 28, 2026   The closure gives investigators…

KCB Group shareholders walked away from the 2025 Annual General Meeting with a KSh 22.5 billion dividend approval, the largest payout in the bank’s history, as full-year net profit climbed to a record KSh 68.4 billion. The total dividend of KSh 7.00 per share, a 133% jump from the prior year, combines an interim and special dividend of KSh 4.00 per share approved by the Board in November 2025, and a final dividend of KSh 3.00 per share approved at the AGM on Thursday. The final dividend, net of withholding tax, pays out on or about May 22, 2026, to…