Kenya's Formal Employment Surges to 3.2 Million Amid Shift Toward Services, Education
Formal wage employment in Kenya rose steadily from 2.74 million in 2020 to 3.21 million in 2024, reflecting broad-based growth across both private and public sectors,
WPP Scangroup Issues Fourth Profit Warning in Five Years
WPP Scangroup has issued a profit warning saying group earnings for the year ending December 2025 will fall by at least 25% from 2024. Management cited weaker client spending, loss of a material account, lower interest income and restructuring costs above KSh 160 million. This marks a third consecutive profit warning and the fourth in five years. Recent results show unstable profitability, with profit after tax swinging back to a loss in 2024 after a brief recovery, underscoring persistent pressure on the group’s earnings base.
Retail Investors Take Center Stage as Safaricom’s Green Bond Lists on the NSE
Airtel Africa, SpaceX Partner on Satellite-to-Cell Coverage
Diageo Sells EABL Majority Stake to Japan’s Asahi in KSh 297Bn Deal
Diageo agreed to sell its 65% stake in East African Breweries $EABL and its shareholding in Kenyan spirits firm UDVK to Japan’s Asahi. The deal implies an enterprise value of US$ 4.8Bn (KSh 620.8Bn) for EABL, based on 17x adjusted EBITDA. Diageo expects US$ 2.3Bn (KSh 297.5Bn) net proceeds and will retain brands via long-term licensing agreements.Kenya Airways CEO Allan Kilavuka Exits a Month After Profit Warning
Kenya Airways said Group Managing Director and CEO Allan Kilavuka has exited and proceeded on terminal leave, about a month after the airline issued a profit warning. The board appointed Chief Operating Officer Captain George Kamal as acting CEO from 16 December 2025 and said a competitive search for a substantive chief will begin. The airline said its turnaround plan remains in place, including efforts to secure a strategic investor and stabilise earnings after a volatile recovery.20 Counties Spend Zero on Development as Salaries Dominate
Twenty county governments reported zero development expenditure during the quarter, effectively postponing capital investment entirely.The KSh 5 Trillion Kitty That Will Transform Kenya into Singapore
Kenya has taken a new step toward its long-term development goals after the Cabinet approved the establishment of a KSh 5 trillion National Infrastructure FundALP Industrial REIT Launches USD 30m Capital Raise Backed by Tilisi and Tatu City Assets
ALP Industrial Real Estate Investment Trust has opened a restricted offer to raise up to US$ 30 million (KSh 3.88 billion) from investors, marking one of the largest industrial property listingsKCB, Equity Drives Monday Heavy Trading, Foreigners Still Net Buyers
The NSE opened the week firmer as foreign investors turned net buyers and turnover rose to KSh 1.34Bn. Uchumi fell 9.43% for a third straight session, cutting YTD gains to 747% after a record rally. KCB and Equity led activity, while the NASI gained 0.78%.Kenya Targets Multibillion Vehicle Recycling Industry in Draft Law
Kenya is seeking to turn vehicle waste into an economic opportunity under the proposed National Automotive Industry Development Bill, 2025Government Engages Manufacturers on Standards Levy as Implementation Questions Persist
The government has held consultations with manufacturers to address ongoing questions around the implementation of the Standards Levy Order 2025. While the levy remains set at 0.2% of monthly turnover, officials outlined revised annual caps, continued exemptions for smaller firms, and ongoing reviews of classification and import inspection charges as the policy moves into full enforcement.
