Safaricom has secured a contract to provide internet connectivity to homes built under Kenya’s Affordable Housing Programme. Connectivity is already live at the first phase of the Mukuru Affordable Housing project in Nairobi, which was officially launched in May. All 14,000 housing units at Mukuru will have internet pre-installed before Safaricom extends the service to other Affordable Housing Programme developments across the country. The agreement positions Safaricom to expand its fixed broadband footprint as more affordable housing units are completed nationwide. Vodacom Group, Safaricom’s South African parent company, first disclosed the agreement in its latest investor communications. “In Kenya, we…
Author: NBM CORRESPONDENT
Thika is a step closer to becoming Kenya’s sixth city after the Senate Standing Committee on Devolution approved its application for city status, paving the way for the Kiambu municipality to become the first urban centre in the Mount Kenya region to receive the designation. The committee’s approval follows an assessment that found Thika had fulfilled the legal and administrative requirements necessary for elevation to city status. The evaluation examined key areas including population figures, revenue performance, infrastructure development, healthcare services, water supply, roads, and sewerage systems to determine whether the municipality had the capacity to operate as a sustainable…
President William Ruto is facing renewed political pressure after his ruling United Democratic Alliance (UDA) party suffered a setback in the Ol Kalou parliamentary by-election, where an opposition candidate secured victory. The mini-poll was won by Democracy for Citizens Party (DCP) candidate Sammy Douglas Kamau Waweru, a result that has triggered debate over UDA’s standing in the Mount Kenya region, a key voting bloc that has historically played a significant role in national elections. The outcome has been viewed by some political observers as a sign of growing challenges for the ruling party in the region, where former Deputy President…
For a limited time, download the latest issue of East Africa’s leading business magazine at a special discounted price of Ksh 150 (regularly Ksh 200)! Kenya’s business landscape is shifting at lightning speed — and if you’re not keeping up, you’re falling behind. The July 2026 edition of Nairobi Business Monthly delivers the hard-hitting analysis, exclusive interviews, and market intelligence you need to stay ahead. Download now for only Ksh 150 and get instant access to the stories shaping Kenya’s economy. What’s Inside the July 2026 Edition? Indian Fizz Rattles Coca-Cola Indian billionaire Ravi Jaipuria — known as India’s “Cola…
Stanbic Bank Kenya has appointed Safaricom executive Michael Mutiga as its new Chief Executive Officer, marking his return to the banking sector after four years leading business development and strategy at the telecommunications firm. Mutiga, who currently serves as Safaricom’s Chief Business Development and Strategy Officer, will officially assume the role on August 1, 2026, subject to regulatory approvals. He succeeds Abraham Ongenge, who has been serving as Acting CEO since March 1, 2026. Stanbic Bank’s Board of Directors said it was confident that Mutiga’s experience in banking, strategy execution and business transformation would support the lender’s next phase of…
Public universities are facing an escalating financial crisis as rising salary costs, inadequate government funding and mounting obligations threaten their ability to sustain operations, Education Cabinet Secretary Julius Ogamba has warned. Appearing before the National Assembly’s Public Investments Committee on Education, Ogamba said the institutions are struggling to meet salary obligations while maintaining teaching, research, infrastructure development and student support services. He attributed the crisis to a combination of rising personnel costs, delayed Exchequer disbursements and financial obligations arising from nationally negotiated Collective Bargaining Agreements (CBAs). “The wage-bill challenge is therefore not attributed to a single factor. It arises from…
As the Democratic Republic of Congo confronts its 17th Ebola outbreak, now one of the most rapidly expanding outbreaks in the country’s history, neighboring South Sudan is racing to prevent the deadly virus from spreading across its borders, warning that armed conflict, widespread displacement and porous borders have left the country more vulnerable. The latest projections suggest the outbreak is progressing northwards toward South Sudan after spreading across five provinces in the DRC. The warning is also important for Kenya. Kenya’s strong ties with Uganda and South Sudan mean that any escalation of the outbreak could rapidly challenge regional disease…
The defending champions Ruraraka A continued with their impressive unbeaten run this season with another big win as they moved to the top of the standings after Week 3. Ruaraka A’s batting juggernaut rolled on in the Nairobi County Cricket Association (NCCA) Super Division 50-Overs League over the weekend, with Satyalaksha Jain and Omkar Ghule both scoring centuries of the season to power their Thika Road side to a massive 127-run win over Nairobi Gymkhana at Sir Ali Ground. The twin hundreds were not a one-off. Both Jain and Ghule now have two centuries in three innings this season, underlining…
Jane Pinto, one of the most influential figures in Kenyan and world table tennis, has died exactly one week after celebrating her 91st birthday. Pinto, who served as President of the Kenya Table Tennis Association from 2002 to 2014, passed away in Nairobi on Wednesday. She had previously served as Deputy President of the association for eight years, a tenure that laid the foundation for her transformative leadership of the sport in Kenya. During her time at the helm, Pinto was credited with reshaping the sport’s landscape in the country. Her leadership was marked by unwavering support for national team…
Despite growing access to global investment opportunities, Kenya’s wealthy individuals are keeping most of their money at home, with property remaining their preferred investment. According to Knight Frank Kenya’s Wealth & Investment Trends Report 2026, affluent Kenyans continue to view the local real estate market as the best place to build and preserve wealth. The report indicates that a significant proportion of high-net-worth individuals retain the majority of their residential property investments within Kenya. Furthermore, there seems to be a notable disinterest among affluent Kenyans in pursuing second citizenships or considering alternative residency programmes. The findings come at a time…
