Kenya

Boosting growth

South Africa: Shoprite’s Africa downsizing, home consolidation pay off

Two years after it culled a number of its stores across Africa to consolidate their operation at home, Shoprite feels emboldened by its decision ... with sales growth in South Africa jumping 17%, amounting to ZAR100 billion ($5.3bn) in a period of 26 weeks ending 1 January.

Article 7/16 of "Wealth creators"

All about numbers?

Kenya: Safaricom CEO Ndegwa leads charge on Ethiopia subsidiary

Renowned for his execution skills and mastery of financial matters, Peter Ndegwa is a man who avoids the political sphere. After nearly three ... years at Safaricom’s helm, he has successfully revitalised the Nairobi-headquartered group, which was once too focused on the domestic market.

Article 6/16 of "Wealth creators"

Records

African corporate champions see bumper profits as post-Covid recovery kicks in

The average net margin in our 2023 ranking has more than quadrupled, with companies in the extractive industry leading the way. ...

Article 4/16 of "Wealth creators"

Multiple sectors

East Africa’s diversified economy helps mitigate headwinds

East Africa is more diversified than other regions on the continent, which helps it mitigate global headwinds. The seven East African companies ... with yearly revenues over $1bn sit across telecoms, logistics, manufacturing, and utilities.

Article 11/16 of "Wealth creators"

Kenya top stories

Rampant inflation

Kenya: Mounting dismay as Ruto unable to deliver on economic promises

trade complications

Uganda poised to export milk to Algeria as Kenya flip-flops on ban

Opening up

Somalia: Premier Bank CEO has high hopes after Kenya’s FCB acquisition

Rampant inflation

Kenya: Mounting dismay as Ruto unable to deliver on economic promises

trade complications

Uganda poised to export milk to Algeria as Kenya flip-flops on ban

Opening up

Somalia: Premier Bank CEO has high hopes after Kenya’s FCB acquisition

Join the global community who rely on us for insight.

Join now

homophobia

Kenya: LGBTQ ruling angers political leaders as gays & lesbians live in fear

The backlash arising from a Supreme Court ruling granting gays and lesbians the right to associate has raised fears of increased homophobia in ... Kenya.

FALL FROM GRACE

Wave, Chipper Cash… how the collapse of Silicon Valley Bank could affect African tech

Several start-ups and investors focused on the continent have received financial support in recent years from Silicon Valley Bank, specialised ... in tech. After a run on its deposits, the bank was placed into emergency receivership by US authorities.

mass action

Kenya: Raila announces anti-Ruto protests, with major demo in Nairobi

Kenya’s opposition leader Raila Odinga has announced the start of peaceful mass action protests against President William Ruto’s government, ... kicking off with a major demonstration planned for 20 March, in Nairobi, the capital.

political vendetta?

Kenya: Changes at revenue authority create season of confusion

Kenya’s new regime under President William Ruto continues to impose itself in public institutions in what is turning out to be a mix of political ... vendetta and an attempt to correct “mistakes” of the previous administration. Two memos by a Ruto ally at the Kenya Revenue Authority have put the country’s tax collector in the hot seat as Kenyans seek to understand the new playbook.

Chinese puzzle

Kenya: Tensions rise over Nairobi’s China Square shop, as local traders feel the pinch

The recent anti-Chinese demonstrations in Kenya’s capital Nairobi exposed the tensions that have been building up between Chinese investors ... and local traders since the last general election. Will President William Ruto manage to put out the fire as promised?

border insecurity

Up in arms over fish in Kenya’s far north

At times, Turkana county in Kenya’s far north might as well exist in its own world, separate from the rest of the country, particularly the ... cosmopolitan glitter of Nairobi. For the myriad of pastoral communities here, traditional ways prevail. Animals signify wealth and social status, especially manliness. The Turkana is one such tribe boasting a proud pastoral lineage. Important life events, such as weddings or births, still revolve around rituals requiring the slaughter or exchange of animals.

.no-script-hidden { display: none }

Your browser could not fetch this story

If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.