Author: Muindi

The GSMA has conferred its Lifetime Achievement Award on Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, recognising his transformative role in reshaping global telecommunications and expanding connectivity for billions worldwide. A Rare Honour in Telecom Bestowed on only a handful of leaders in GSMA’s history, the award celebrates contributions that leave a lasting mark on the global communications ecosystem. The presentation took place at Mobile World Congress in Barcelona, attended by His Majesty King Felipe VI of Spain, Prime Minister Pedro Sánchez, Catalonia’s President Salvador Illa, and global industry leaders. Building Airtel into a Global Powerhouse Mittal has…

Kenya Pipeline Company (KPC) has concluded its Initial Public Offering (IPO), attracting overwhelming investor demand that oversubscribed the offer by 105 percent and raised KShs 106.3 billion in capital. Treasury Cabinet Secretary John Mbadi confirmed that applications reached 12 billion shares, far exceeding the 11.8 billion shares available. The oversubscription underscores robust market confidence in the state‑owned energy infrastructure giant and its long‑term growth prospects. Domestic Participation Leads Kenyan individual and institutional investors accounted for 7 billion shares, representing 63 percent of the allocation. This strong local uptake highlights growing domestic confidence in strategic national assets and the energy sector’s…

Absa Bank Kenya PLC has posted a 10% rise in profit after tax to KShs. 22.9 billion for the year ended December 31, 2025. The performance was driven by resilient growth, prudent risk management, and strong operational efficiency. Revenue and Dividend Growth Total revenues closed at KShs. 61.4 billion, reflecting shifts in the interest rate environment. The Bank offset these changes through disciplined cost‑of‑funds management, underscoring execution strength. On the back of stronger profitability, Absa declared a 17% increase in total dividend to KShs. 2.05 per share, comprising an interim dividend of KShs. 0.20 and a final dividend of KShs.…

The East African Community (EAC) Heads of State will meet in Arusha, Tanzania, on 7 March 2026 for the 25th Ordinary Summit. Under the theme “Deepening Integration for Improved Livelihoods of EAC Citizens”, the gathering reaffirms Partner States’ commitment to advancing regional integration and sustainable development. Customs Bond to Cut Trade Costs A headline outcome will be the launch of the EAC Customs Bond, a single regional guarantee replacing multiple national bonds along transit routes. Traders and clearing agents will secure one bond recognised across all Partner States, reducing compliance costs, cutting border delays, and protecting government revenue. By linking…

Kenyans are set to benefit from cheaper cross‑network calls following a new review by the Communications Authority (CA). The regulator has announced a phased reduction in Mobile and Fixed Termination Rates (MTR/FTR), the fees one operator pays another to complete a call on its network. New Rates Effective March 2026 Beginning March 1, 2026, the termination rate will drop from KES 0.41 per minute to KES 0.37. Over the next four years, the CA will gradually reduce the rate further, reaching KES 0.30 per minute by 2030. This marks the first adjustment since March 2024, when rates fell from KES…

Gulf Energy E&P BV has contracted a state‑of‑the‑art onshore oil rig from the Middle East, to deliver first oil from Kenya’s South Lokichar Basin by year‑end 2026. Strategic Rig Acquisition The company has secured the GW70 rig, valued at more than US$15 million, from Great Wall Drilling Company (GWDC) in the United Arab Emirates under a long‑term lease. Logistical arrangements are underway to ship the rig from Abu Dhabi to Mombasa by June, ahead of commissioning and acceptance checks. Chairman Francis Njogu confirmed the rig will operate under a performance‑based model, with GWDC responsible for delivery, commissioning, and operations. The…