The World Bank has barred Mauritius-based PricewaterhouseCoopers Associates Africa Ltd in Kenya and Rwanda. This is in connection with collusive and fraudulent practices as part of the Eastern Electricity Highway Project under the First Phase of the Eastern Africa Power Integration Program in Ethiopia. The project was designed to increase the volume and reduce the cost of electricity supply in Kenya; and to provide revenues to Ethiopia through the export of electricity from Ethiopia to Kenya. According to the facts of the case, PwC Associates, PwC Kenya, and PwC Rwanda obtained confidential procurement information from project officials to improperly influence the award…
Author: Bridgette Atieno
By Mark Mwaniki, Sales Director for Kenya at Verto Across Africa, small and medium-sized enterprises (SMEs) are rapidly embracing digital tools to run and grow their businesses. From mobile money and digital banking to online marketplaces, the continent has become one of the world’s most dynamic environments for financial innovation. Yet while domestic payments have become faster and more accessible, moving money across borders remains expensive, complex and inefficient for many businesses. This gap is becoming increasingly visible as SMEs expand beyond their home markets. Digital payments are now widely used across the continent, particularly in countries such as Kenya…
The Board of Directors of East African Breweries PLC (EABL) has announced the appointment of Mr Justin Mollel as the Group Chief Financial Officer Designate. The appointment takes effect from 1 May 2026. Mollel will succeed the incumbent Chief Financial Officer with effect from 1 July 2026. Justin is a seasoned and experienced financial and business executive with over 15 years of experience working in finance and leadership roles for both listed and non-listed entities. He is currently the Finance Director of Diageo Ireland.
M-ajira has announced temporary travel delays for Gulf employment opportunities. M-Ajira is a licensed Nairobi-based recruitment agency and digital platform that connects Kenyan job seekers with verified, legal, and safe employment opportunities, primarily in the UAE. However, the agency has assured its candidates that their job placements remain active as consultations with recruitment partners and authorities to restore normalcy were underway. “Candidates who have already completed their documentation and recruitment processes will be kept informed as soon as travel schedules are confirmed.’ A statement by M-Ajira reads in part. This comes amid the ongoing Middle East crisis
Acute food insecurity and acute malnutrition have reached severe levels across Kenya’s 23 Arid and Semi-Arid Lands (ASALs) and surrounding areas. An estimated 3.3 million people are currently classified in IPC Acute Food Insecurity (AFI) Phase 3 or above, including 400,000 people in IPC AFI Phase 4 (Emergency) who require immediate, life-saving assistance. This marks a 52 percent increase from early 2025 (2.15 million people) and exceeds the October 2025–January 2026 projection, which had estimated 2.12 million people in IPC AFI Phase 3 or above. Additionally, refugee settlements in Dadaab, Kakuma, and Kalobeyei face similarly dire conditions. Approximately 430,000 people—around two-thirds of…
Abraham Ongenge has been appointed as the Acting Chief Executive of Stanbic Bank, effective 1st March 2026. Abraham Ongenge currently serves as the Head of Personal and Private Banking at Stanbic Bank Kenya, a position he has held since November 2023. He has a successful career spanning the Standard Bank Group. Abraham has demonstrated his expertise and leadership across various roles. He began his journey as a Financial Accountant and progressively advanced to the position of Chief Finance and Value Officer. Throughout his career, he has held key positions in Kenya, South Africa, and Uganda, showcasing his adaptability and proficiency…
The National Assembly’s Finance and Public Debt Committee has issued a joint report on the government’s proposed partial divestiture of Safaricom’s stake. This report, tabled on March 10, 2026, reviews Sessional Paper No. 3 of 2025 and recommends amendments to the plan. The report addresses the sale of up to 15% of the government’s roughly 35% stake in Safaricom to Vodacom Group via a block trade on the Nairobi Securities Exchange. It projects proceeds of about KSh 204 billion from selling around six billion shares at Sh34 each, plus an upfront Sh40 billion for future dividends. Funds are to be…
Former Foreign Affairs Cabinet Secretary Monica Juma has been appointed UN Drugs and Crime Office Executive Director and UN Vienna Office Director General. She succeeds Egypt’s Ghada Waly. She is currently serving as the National Security Adviser to President William Ruto and Secretary to Kenya’s National Security Council (since 2022). Ms Juma has served in various Ministries of Kenya, namely the Ministry of Energy, the Ministry of Defence, the Ministry of Foreign Affairs and was Acting Cabinet Secretary for the Ministry of Petroleum and Mining.
The national carrier Kenya Airways has appointed new Board members, with Kiprono Kittony as the new Board Chair. Kittony, an established businessman, is the current Chairman of the Nairobi Securities Exchange. Other newly appointed Board members are Chris Diaz and Prof. Winnie Iminza Nyamute as the independent non-executive directors, and the President’s Economic Advisor’s Council Chair, David Ndii, as a non-executive Director.
Kenya is set to begin exporting hundreds of thousands of live sheep to Algeria this year, ahead of the upcoming Eid al-Adha. This follows engagements between Kenya’s Agriculture CS Mutahi Kagwe and his Algerian counterpart Farid Ouahid Dahmane, aiming to strengthen livestock trade between the two countries. The discussions come a week after a technical delegation from Algeria visited Kenya to assess the country’s livestock sector and evaluate its capacity to supply sheep to the North African market. Algeria is currently implementing a major government-backed livestock import program that could require up to one million sheep, particularly to meet demand…