Author: Muindi

A petition has been filed at the Nairobi Employment and Labour Relations Court challenging Dr James Mworia’s appointment as founding Chief Executive Officer of the National Infrastructure Fund, days after the board confirmed him for the role. The petition, filed by Brian and Emmanuel Kiplagat against the National Infrastructure Fund Board, the State Law Office and two other respondents, was lodged on September 8 and falls under the court’s petitions category. At the centre of the challenge is Mworia’s position on the same board that selected him. He joined the board in July, months before his appointment as CEO. The…

Zamara Holdings has a new backer. Private equity firm Amethis has completed an investment in the Nairobi based financial services group, taking a minority stake and a seat on its board. The deal gives Amethis 39.5 percent of Zamara, according to filings reviewed as part of an East African Community Competition Authority inquiry into the transaction. Neither company has disclosed the price. Zamara’s management team, led by group chief executive Sundeep Raichura, retains a stake and continues to run operations. Zamara started in 1994 as an actuarial consultancy. It now operates in insurance brokerage, pension administration, reinsurance brokerage and actuarial…

Billionaire Aliko Dangote is taking his oil refinery to Nigeria’s stock exchange at a valuation approaching US$50 billion, asking investors to fund the next phase of a project that has only recently started turning a profit at industrial scale. Dangote Petroleum Refinery and Petrochemicals signed its initial public offering documents in Lagos on Monday, clearing a step toward what is expected to become Africa’s largest ever share sale. The Offer at a Glance The company will sell 4.1 billion shares at 525 naira each, or roughly US$0.40, from September 14 to October 13. A full subscription would raise about 2.15…

Rubis’ Kenya business delivered one of its strongest half year performances yet, with revenue climbing 18.9 percent year on year as fuel margins strengthened across the commercial and industrial segment. The French energy group reported Kenya revenue of €541 million for the six months ended June 30, 2026, up from €455 million in the same period last year. In shilling terms, that puts Kenya revenue at roughly Sh80 billion, though conversions among local outlets tracking the figure range between Sh77.4 billion and Sh79.8 billion depending on the exchange rate applied at reporting date. Kenya now accounts for about 31.2 percent…

The government has stepped back from confrontation and opened the door to negotiation with Tata Chemicals Magadi Limited. The Ministry of Mining and Blue Economy has assembled a senior technical committee to resolve the compliance issues that led President William Ruto to order the closure of the company’s operations at Lake Magadi. Mining Cabinet Secretary Hassan Joho announced the move on Tuesday, September 8, following what he described as a productive meeting with the company’s executives at his office. From Shutdown Order to Negotiating Table Ruto had previously told Tata Chemicals to “pack their bags and leave,” accusing the company…

Hundreds of Burundians lined up outside their embassy in Nairobi on Monday, seeking travel documents to go home after President William Ruto ordered a crackdown on small scale traders from abroad. Most in the queue were young men, some clutching suitcases, others carrying whatever they could fit into a single bag. Why traders are heading for the exit Ruto issued the order last week after meeting Kenyan traders who had been protesting a hike in import duty. He told authorities to shut down all small scale businesses run by foreign nationals, with enforcement due to start Monday. Kenya’s trade ministry…