Author: Korir Issa

The Port of Mombasa handled 45.45 million metric tons of cargo in 2025, a 10.9% increase from 40.99 million tons in 2024. The growth underscores Kenya’s rising role as a regional logistics hub, supported by strong gains in container traffic and transit cargo. Container and Transit Cargo Surge According to Kenya Ports Authority (KPA) Managing Director Capt. William Ruto, container traffic rose to 2.11 million TEUs, up 5.5% from 2.00 million TEUs in 2024. Transit cargo posted even stronger growth, surging 19.5% to 15.88 million tons, compared to 13.29 million tons the previous year. “These figures reflect the resilience of…

Kenya’s annual consumer price inflation slowed to 4.4% in January 2026, down slightly from 4.5% in December 2025, according to the Kenya National Bureau of Statistics (KNBS). The decline marks the lowest inflation rate in six months, driven largely by base effects and easing costs in transport, food, and communication services. Key Drivers of Inflation Food & Non-Alcoholic Beverages rose 7.3%, remaining the biggest contributor to headline inflation. Transport costs increased 4.8%, though inter-town bus and matatu fares fell by 1.9%, supported by lower petrol (-1.1%) and diesel (-0.6%) prices. Housing, Water, Electricity, Gas & Other Utilities climbed 2.2%, with…

The Private Infrastructure Development Group (PIDG) has announced an investment of Kshs 1.95 billion ($15 million) into Africa Logistics Properties’ (ALP) dollar-denominated Industrial Income Property Fund (IPF), positioning itself as the anchor investor in East Africa’s first industrial Real Estate Investment Trust (REIT). Backed by six governments—including the United Kingdom, Netherlands, Switzerland, Australia, Sweden, and Canada—PIDG’s investment will be channeled through its project development arm, InfraCo, subject to the successful completion of ALP’s ongoing capital raise. Unlocking Industrial Growth Through REITs Approved by the Capital Markets Authority (CMA) in December 2025, the ALP REIT marks a milestone for Kenya’s property…

The African Export-Import Bank (Afreximbank) terminated its credit rating relationship with Fitch Ratings, arguing that the agency’s assessments failed to reflect the Bank’s mandate and mission. The decision follows Fitch’s downgrade of Afreximbank to one notch above junk status in 2024, a move that intensified scrutiny of the lender’s risk profile and raised borrowing costs. Moody’s and Fitch Downgrades Fuel Debate on Western Influence Moody’s downgraded Afreximbank shortly after Fitch, reinforcing concerns about how Western rating agencies shape perceptions of African creditworthiness. Analysts criticized the “Big Three” — Fitch, Moody’s, and Standard & Poor’s — for applying frameworks that inflate…

East Africa’s banking sector is bracing for tougher times as regulatory uncertainty, rising compliance costs, and digital disruption dominate the outlook, according to PwC’s 2026 Eastern Africa Banking Survey. Executives warn that unpredictable rule changes are now the single biggest risk to growth. Regulatory Uncertainty Tops Concerns The survey, conducted among senior banking executives in Kenya, Uganda, Tanzania, Rwanda, and Mauritius, reveals that 68% of respondents are “concerned” or “extremely concerned” about regulatory unpredictability. Banks cite shifting capital requirements, new consumer protection rules, and evolving tax compliance frameworks as major hurdles. “The pace of regulatory change is outstripping banks’ ability…

Nigeria’s Zenith Bank Plc has received approval from the Competition Authority of Kenya (CAK) to acquire 100% of Paramount Bank Ltd. The transaction qualifies as a merger under Section 2 and 41 of the Competition Act and meets the KES 1 billion threshold for mandatory notification. Zenith Bank, which operates in Nigeria, Ghana, Sierra Leone, Gambia, the UK, France, UAE, and China, has no commercial operations in Kenya. CAK stated, “The transaction is unlikely to lead to substantial lessening or prevention of competition in the relevant market.” Paramount Bank ranks 33rd out of 39 licensed banks and holds 0.2% market…