Author: Muindi

Kenya’s energy landscape is undergoing a dynamic transformation, with the Energy and Petroleum Regulatory Authority (EPRA) reporting a record electricity peak demand of 2,316.2 MW in the financial year 2024/2025—a 6.38% increase from the previous year’s 2,177 MW. The surge reflects broad-based economic growth and increased uptake across all consumer categories. Domestic consumption rose by 13.03% to 3,640.32 GWh, while small commercial users grew 11.5% to 1,913.26 GWh. Street lighting experienced a 43.89% increase, and electric mobility tripled its energy consumption to 5.04 GWh. “The report reveals a positive trajectory in the subsectors,” said EPRA Director General Daniel Kiptoo Bargoria.…

The National Cereals and Produce Board (NCPB) has clarified its maize purchasing price, stating it is buying Grade I and Grade II maize at Ksh 1,944 per 50kg bag—equivalent to Ksh 3,500 per 90kg bag—not Ksh 4,050 as previously reported. This correction comes amid Kenya’s preparations for a record-breaking maize harvest, projected at 70 million 90kg bags for the 2025 season. The NCPB emphasised that it is not purchasing maize at Ksh 4,000 per 90kg bag, contrary to our earlier report. “NCPB is buying grade I and grade II maize from farmers at Ksh. 1944 per 50kg which is equivalent…

Access Bank Kenya and the National Bank of Kenya (NBK) have merged operations, with a unified branch network that allows customers of either bank to access full in-branch services across more than 100 locations nationwide. This integration simplifys the customer experience and expanding financial access. Customers can now perform everyday transactions — including deposits, withdrawals, account inquiries, and fund transfers — at any branch, regardless of where they originally opened their account. “By opening our networks to each other’s customers, we are making banking simpler, faster, and more accessible,” said Ralph Opara, Managing Director of Access Bank Kenya. “This integration…

Bolt, a leading on-demand mobility platform, has officially launched Bolt Send, a fast, affordable, and fully trackable parcel delivery service in Kenya, marking a strategic expansion into the country’s booming e-commerce and logistics ecosystem. Bolt Send enables users to request deliveries through the existing Bolt app—mirroring the simplicity of booking a ride. Parcels are picked up and dropped off by vetted driver-partners, ensuring secure handling and real-time tracking. This innovation caters to both individual users and businesses seeking reliable last-mile delivery solutions. “Kenya’s e-commerce and logistics sectors are expanding at an incredible pace, and our parcel delivery service is designed…

Canal+ has assumed control of MultiChoice Group (MCG) following the fulfilment of all suspensive conditions tied to its takeover offer. The merger, announced as unconditional on Friday, 19 September 2025, marks the largest transaction ever undertaken by Canal+, positioning the combined entity as a global media and entertainment powerhouse. “Subject to the Takeover Regulation Panel issuing a compliance certificate in respect of the Canal+ offer in terms of section 121(b) of the Companies Act, which is expected imminently, the settlement process in connection with the offer will now commence,” the group confirmed. Canal+ Shareholding Surpasses 48% Threshold As of the…

The Central Bank of Kenya (CBK) has formally revoked the license of Bonto Kenya Money Transfer Limited (BKMTL), marking the official exit of the money remittance provider from Kenya’s competitive financial services landscape. The revocation, effective September 11, 2025, was published in a gazette notice dated September 16, citing Regulation 44(2) of the Money Remittance Regulations, 2013. It follows Bonto’s own decision to wind down operations, a process that concluded this month after the company cited unsustainable market conditions. “After careful consideration, the Board of Directors… has made the difficult decision to cease our money remittance operations and surrender our…