Author: Muindi

Lauritz Knudsen Electrical & Automation, a global powerhouse in electrical and automation solutions, has officially launched its operations in Kenya, marking its first entry into the African market. With over 70 years of innovation and a presence in more than 30 countries, the India-headquartered company is positioning Kenya as its strategic gateway to the continent. Powering Kenya’s Smart Infrastructure Ambitions Known for delivering cutting-edge technologies across residential, commercial, agricultural, and industrial sectors, Lauritz Knudsen aims to support Kenya’s growing demand for smart, efficient, and sustainable electrical infrastructure. “As we establish our presence in Kenya, we’re inspired by the country’s dynamic…

The High Court in Nairobi has blocked the planned privatisation of the Kenya Pipeline Company (KPC) after a petitioner challenged the Cabinet’s recent approval of the sale. Justice Bahati Mwamuye, ruling on August 16, restrained the National Treasury from “selling, allocating, disposing of, transferring, or in any way dealing with KPC shares” until the petition is fully heard. The judge emphasised that no shares may be offered for sale pending the outcome of the legal proceedings. Petitioners have been directed to serve all respondents and interested parties. The Treasury must respond by August 22, with a rejoinder from the petitioner…

Kenyans living and working abroad sent home a record-breaking $414.3 million (Sh53.5 billion) in July 2025, the highest monthly inflow ever recorded and the strongest performance so far this year. The surge is attributed to easing inflation in the United States, Kenya’s largest remittance source. According to the Central Bank of Kenya (CBK) weekly bulletin, July inflows rose 9.6% year-on-year, up from $378.1 million (Sh48.8 billion) in July 2024. “Remittance inflows to Kenya totalled USD 410.1 million in July 2025 from USD 414.3 million in July 2024, a decrease of 1.0 percent . The 12-month cumulative inflows to July 2025…

Belva Digital has launched SHIFT, its flagship platform designed to position brands at the intersection of technology, culture, and creativity, unlocking growth for businesses ready to thrive in today’s dynamic marketplace. Modern consumers expect more than just products; they seek brands that are purpose-driven, deeply relevant to their real-life context, and committed to genuine connections with people and the planet. SHIFT is crafted to help brands meet these demands, providing insights, tools, and innovative strategies to stay trusted and impactful. SHIFT is not just a one-off event but a movement. The initiative is targeted at brands ready to shift from…

CIC Insurance Group PLC (CIC) says it had a landmark year of inclusive growth and sustainability impact across Kenya, Uganda, South Sudan, and Malawi, as it unveiled its 2024 Sustainability Report themed Driving Financial Inclusion, Creating Sustainable Impact. Microinsurance Uptake Surges as Trust Deepens CIC recorded a significant rise in microinsurance policies—from 11% in 2023 to 18% in 2024—highlighting growing trust and uptake among underserved segments, including low-income earners and informal businesses. “Our microinsurance offering is designed to push the frontiers of inclusion and accessibility in insurance coverage, driving resilience and dignity,” said Group Managing Director & CEO, Mr. Patrick…

Kenya’s central bank lowered its benchmark lending rate by 25 basis points to 9.50% on August 12, marking the seventh consecutive cut. The Monetary Policy Committee (MPC) said it saw room to ease monetary policy further, citing stable inflation and the need to boost private sector lending. “The Committee concluded that there was scope for a further easing of the monetary policy stance to augment the previous policy actions aimed at stimulating lending by banks to the private sector,” said the Central Bank of Kenya (CBK) in its statement. Inflation Remains Within Target Range Consumer inflation rose to 4.1% in…