Author: Lynet Awino

KenGen, Kenya’s biggest electricity producer, has proposed a first and final dividend of KES 0.75 per share for the year ended June 30, 2026, down 16.7 percent from KES 0.90 the previous year, the company said in its annual results. The dividend equals a payout ratio of 48 percent of earnings per share, which came in at KES 1.57 for the year. At a share price of KES 12.55, the dividend gives a forward yield of 6.0 percent, down from a trailing yield of 7.2 percent. The dividend is subject to shareholder approval at the Annual General Meeting, set for…

More than 400 restaurants across Nairobi have opened their kitchens to a shared campaign for the next ten days, as Nairobi Burger Week 2026 turns the city’s most familiar comfort food into a citywide exercise in restaurant discovery. The campaign launched on August 26 and runs from August 27 to September 6, organized by dining platform Eat Out Kenya. Participating restaurants, ranging from fast food chains to fine dining rooftops, are running special burger offers throughout the period, giving diners a reason to try a new spot, return to an old favorite or finally visit the restaurant that keeps showing…

Glovo Kenya has teamed up with African e-mobility company eBee to bring more women into the country’s last-mile delivery economy, launching a programme called She Delivers that aims to lift the share of female couriers on its platform from 1 percent to 5 percent within a year. The first cohort includes 16 women, who will complete rider training with eBee before joining the Glovo app as couriers. Glovo says more than 2,500 couriers work on its Kenyan platform daily; if women currently make up 1 percent of that group, roughly 25 are active today. Hitting the 5 percent target would…

Nineteen women who built businesses spanning seed production, food processing, agricultural technology and rural enterprise were honored in Kigali this week at the 2026 VALUE4HER Women Agripreneurs of the Year Awards (WAYA). The winners emerged from more than 1,000 applications submitted across 35 African countries, a field the organizers narrowed down to 19 finalists representing 15 nations. Rwandan entrepreneur Marina Kamanzi took home the top honor. As founder and managing director of Zambia-based Kagezi Seed Company Limited, she received the 2026 WAYA Grand Prize and USD 40,000 to grow her seed production business further. Kagezi specializes in climate resilient, organically…

Kenya’s commercial banks nudged their average lending rate up to 14.39 percent in July 2026, a small rise from 14.37 percent in June, according to data released by the Central Bank of Kenya. Deposit rates moved further in the other direction, climbing to 6.93 percent from 6.84 percent over the same month. The uptick breaks four straight months of falling lending costs. Rates had dropped steadily from 14.70 percent in March to 14.49 percent in May and 14.37 percent in June, before ticking back up in July. Even with the small reversal, borrowers are still paying less than they were…

Kenya Airways says it lost more than US$7 million, equivalent to over Sh904.7 million, during a three day industrial action that disrupted flight operations at Jomo Kenyatta International Airport and other Kenyan airports. The airline says the figure covers lost revenue along with costs tied to passenger accommodation, meals, transportation and flight rebooking. During the disruption, Kenya Airways cancelled 63 flights and recorded more than 160 delays, with average delays exceeding six hours. More than 370 tonnes of fresh produce and meat could not be uplifted while flights were grounded. What Caused the Disruption The Kenya Aviation Workers Union walked…