Author: Muindi

Administrators have started marketing the assets of Koko Networks, the clean‑cooking startup founded in 2013, marking the first major step toward winding down the company after its collapse in January. Koko filed for administration on the brink of bankruptcy on February 1 after Kenyan authorities refused it a Letter of Approval to sell carbon credits in the lucrative compliance markets, the foundation of the startup’s business model. The sale advances Koko’s insolvency process after the company shut down operations and laid off more than 700 employees when the Kenyan government declined to approve the authorisation needed to unlock carbon credit…

Uber Technologies has agreed to acquire Delivery Hero SE in a deal valued at 14.8 billion dollars, extending its global delivery footprint into 50 markets that include Glovo Kenya. The agreement, announced in Berlin on July 16, 2026, brings together Uber’s mobility network with Delivery Hero’s collection of local delivery brands, among them foodpanda, talabat, HungerStation and PedidosYa. Under the terms of the deal, Uber will pay Delivery Hero shareholders 41.50 euros per share in cash, valuing the company at a fully diluted equity figure of 13 billion euros. That price sits roughly 127 percent above Delivery Hero’s unaffected three…

Kenya’s commercial property investors are changing where they put their money. Rather than chase new developments, they now look at old office buildings and ask what it takes to fix them. Environmental, social, and governance factors sit behind that shift, according to Knight Frank Kenya’s Wealth and Investment Trends Report 2026. Upgrade, Don’t Replace The strategy centres on improving what already stands: better energy systems, renewable power integration, and upgrades that cut a building’s footprint. The report found that 38 percent of respondents said their clients now target underperforming commercial properties for refurbishment while keeping the building’s existing use. That…

Argentina did it again. Down to England for most of Wednesday night in Atlanta, the defending champions found two goals in six second half minutes to steal a 2-1 win and book their place in Sunday’s World Cup final against Spain. Anthony Gordon had given England the lead in the 55th minute, tapping in a low cross from Morgan Rogers to send the away section into raptures. For half an hour the lead held. Then Lionel Messi took over. The Argentina captain set up Enzo Fernandez for a bending strike from distance in the 85th minute, pulling the scores level…

Kenya’s commercial property investors are changing where they put their money. Rather than chase new developments, they now look at old office buildings and ask what it takes to fix them. Environmental, social, and governance factors sit behind that shift, according to Knight Frank Kenya’s Wealth and Investment Trends Report 2026. Upgrade, Don’t Replace The strategy centres on improving what already stands: better energy systems, renewable power integration, and upgrades that cut a building’s footprint. The report found that 38 percent of respondents said their clients now target underperforming commercial properties for refurbishment while keeping the building’s existing use. That…

Four East African economies posted four different inflation stories in June 2026. Tanzania held steady within target. Kenya eased for the first time in months. Uganda ticked higher on fuel costs. Rwanda kept climbing toward levels not seen in nearly three years. The region’s price pressures no longer move together, and that divergence says as much about differing monetary responses as it does about the shocks themselves. Table: East Africa Headline Inflation, June 2026 Country June 2026 May 2026 Target Range Latest Policy Move Tanzania 4.0% 4.2% 3% to 5% +50bps to 6.25% (July 3) Kenya 6.4% 6.7% 2.5% to…