Author: Korir Issa

Taiwan based shipping line InterAsia Lines has begun a weekly service at the Port of Mombasa, a move Kenya Ports Authority (KPA) says will strengthen the country’s maritime connectivity with Asia. The service will deploy vessels with capacity of between 2,000 and 2,500 Twenty Foot Equivalent Units (TEUs). InterAsia Lines will run the route in partnership with South Korea’s Hyundai Merchant Marine (HMM), Singapore’s Pacific International Lines (PIL) and China’s COSCO Shipping Corporation Limited. The service is expected to commence in mid October 2026. A Busy Fortnight at Kenya’s Seaports The announcement lands during a surge in vessel traffic. KPA…

Kenya Reinsurance Corporation’s profit after tax climbed 42.8% to KSh2.25 billion in the six months to June 2026, driven by a sharp turnaround in the underwriting business that had all but collapsed the year before. The Nairobi Securities Exchange listed reinsurer, 60% owned by the Kenyan government, released unaudited results on 22 August 2026 showing insurance service result, the clearest measure of how well the core reinsurance business performed, surging 314.2% to KSh1.25 billion. Total insurance revenue grew 14.4% to KSh9.44 billion, and net insurance revenue rose 13.2% to KSh7.16 billion. The board did not declare an interim dividend. The…

BOC Kenya’s board raised its interim dividend by 60% to KSh4.00 per share for the six months to June 2026, even as profit after tax fell 39.8% to KSh100.4 million. The industrial and medical gas producer’s revenue dropped 17.2% to KSh600.01 million, largely because a batch of one off customer engineering projects that boosted last year’s numbers did not repeat. The unaudited results, released on 20 August 2026, mark a sharp reversal from the record year BOC Kenya reported in December 2025, when full year net profit hit KSh314 million, its strongest performance in more than five decades on the…

Kenyan households may soon feel the pinch of rising food prices again. Poor rainfall across key farming regions is threatening crop production, and the Central Bank of Kenya (CBK) says the strain is already showing up in supply forecasts and inflation expectations. The warning comes from CBK’s July 2026 Agriculture Sector Survey, which found that respondents expect prices for several food commodities to climb over the coming month. Staples such as maize grain and maize flour buck that trend, with prices there expected to fall. Which Foods Are Getting More Expensive Potatoes topped the list for expected price increases, a…

Kenya Airways is pursuing a three-pronged turnaround built on restoring its grounded fleet, cutting costs, and securing a strategic investor, Acting Group Managing Director and CEO Capt. George Kamal said Wednesday during a media roundtable in Nairobi. The airline’s central ambition is a 14-bay maintenance complex — dubbed “MRO City” — that Kamal said would create more than 2,000 direct jobs and let KQ service aircraft for carriers across Africa. “We are not looking at MRO 2 hangars. We are looking at MRO City,” he said. Fleet recovery first Kamal said KQ is targeting full fleet capacity by the end…

Galleria Shopping Mall has soft launched Phase Two of its expansion, moving the Langata Road property from a standard shopping centre toward a full lifestyle destination. The developer backed the project with Ksh 2.2 billion, and the new wing adds 49 outlets, 887 parking bays and an indoor outdoor piazza to the existing three floor complex. The timing matters. Kenya’s retail landlords are rethinking what a mall needs to offer as shoppers weigh convenience against experience, and Galleria’s expansion leans hard into that second option. What Phase Two Adds Beyond the extra retail space, Galleria has built out entertainment and…