Author: Muindi

Stanbic Bank Kenya has launched an enhanced commercial vehicle insurance solution, underwritten by Heritage Insurance Kenya, as Kenya’s commercial transport sector records growth nearly three times faster than the personal vehicle market. The timing reflects a real shift in the market. The commercial vehicle segment grew approximately 36% compared to just 11% in the personal vehicle segment, driven largely by SMEs scaling operations across transport, logistics, and trade. Road transport now moves over 75% of Kenya’s freight and contributed more than 12.7% to GDP in 2024. For business owners who depend on their vehicles to generate income, the stakes of…

Kenya has officially broken ground on its most consequential upstream oil project to date. Gulf Energy E&P BV awarded Baker Hughes a fully integrated contract to drill and complete 43 wells in the South Lokichar Basin in Turkana County, the first project of its kind for Baker Hughes in Sub-Saharan Africa. The scope spans well construction, artificial lift services, completions, intervention, and measurement. The groundbreaking ceremony in Turkana East was led by Energy and Petroleum Cabinet Secretary Opiyo Wandayi and EAC and ASALs Cabinet Secretary Beatrice Askul. A $6 Billion Bet on Turkana Gulf Energy has pledged $6 billion —…

Eliud Kipchoge watched Sabastian Sawe do what he once did alone and this time, it counted. Sunday at the London Marathon produced one of the most remarkable days in the history of distance running. Sawe became the first man to run a sub-two-hour marathon in a record-eligible race, crossing the line in 1:59:30. In the women’s race, Ethiopian Tigst Assefa defended her title and broke her own world record for a women-only field, finishing in 2:15:41. Kenya’s Hellen Obiri marked her London debut with a personal best of 2:15:53 in second place, and Joyciline Jepkosgei finished third in 2:15:55 —…

Kenya’s government has lowered the minimum sugarcane price from Ksh 5,750 to Ksh 5,500 per tonne, following a review that weighed farmer welfare against the financial pressures facing sugar millers in a market flooded with new supply. The Kenya Sugar Board issued the directive on April 24, 2026, ordering all millers to adopt the new price immediately and maintain prompt payments to farmers. The adjustment followed deliberations by the 4th Interim Sugarcane Pricing Committee, which consulted industry stakeholders and assessed current market conditions before reaching a decision. Why the Price Dropped Millers had pushed hard for a steeper cut. Sources…

Anzens, issuer of the dollar-backed stablecoin USDA, has partnered with Credit Bank PLC to integrate its blockchain-based payment infrastructure into the Kenyan lender’s service suite. This initiative marks a pivot from speculative digital assets toward functional financial utility within a regulated environment. Modernizing Cross-Border Settlements The partnership aims to embed regulated stablecoin infrastructure into traditional banking, replacing slow, high-cost correspondent banking systems. The project remains in an exploratory phase and requires ongoing consultation with the Central Bank of Kenya. If regulators approve the model, Credit Bank will become the first commercial bank in an emerging market to distribute, mint, and…

Safaricom has pushed version 5.1.5 of My OneApp to the Google Play Store, and the update goes straight after the two things users complained about most since launch. The Favourites tab returns to the transactions section. You can save the contacts you pay most often and reach them in seconds, no more scrolling through your full transaction history every time. Alongside that, the Frequents section now does a better job of putting your most-used services front and centre. The apps and actions you open every day move closer to the surface, so routine tasks take fewer steps. Both fixes sound…