Heavy machinery and construction materials for Aliko Dangote’s planned $16 billion (about Sh2 trillion) refinery in Lamu have arrived at Lamu Port, days before President William Ruto is expected to lead the project’s groundbreaking ceremony on Wednesday. The vessel MV Da Yang docked at the port on Saturday carrying 2,930.295 tonnes of construction equipment for the proposed refinery, marking a major step in preparations for the start of construction. The shipment is the first cargo linked to the project to arrive at Lamu. Kenya Ports Authority (KPA) Managing Director William Kipkemboi Ruto received the vessel, which came from China, and…
Author: Davin Muthoni
Kenya is among three African countries that will manufacture a new monthly HIV-prevention pill under an early licensing arrangement by pharmaceutical giant Merck, potentially positioning the country to supply the medicine to markets across the continent if clinical trials and regulatory approvals are successful. The Kenyan manufacturer, Universal Corporation Limited (UCL), is one of seven generic drugmakers selected by Merck to produce alimatravir, an investigational once-monthly oral pre-exposure prophylaxis (PrEP) medicine. The other two African manufacturers are in Uganda and South Africa, while four companies in India are also part of the licensing arrangement. The move is significant because African…
Supermarket chain Quickmart is set to list on the Nairobi Securities Exchange (NSE), with its sole shareholder offering up to a 57.5 per cent stake in a multi-billion-shilling deal that will give private equity firm Adenia Partners and the retailer’s founders a partial exit. Quickmart announced the proposed listing on Wednesday, September 24, saying it would trade on the Main Investment Market Segment of the NSE. Its sole shareholder, Sokoni Retail Kenya Limited (SRKL), plans to sell two billion existing ordinary shares, each with a nominal value of Sh0.20, representing 50 per cent of the company’s issued share capital. An…
A Machakos County employee and a primary school teacher have been charged with allegedly operating an investment scheme without a Capital Markets Authority (CMA) licence and fraudulently inducing members of the public to invest in securities. Ruth Mueni Kimeu, an employee of Machakos County, and Mary Katuma Mwangangi denied two counts brought under the Capital Markets Act when they appeared before Milimani Chief Magistrate Gethi Kibiru. The prosecution alleges that the two, jointly with other persons who have not been charged, operated an investment scheme between January 1 and September 17, 2026, at an unknown location in Kenya. They are…
At least 24 HIV-positive sex workers in Kenya have died after losing access to treatment and support services following disruptions to US-funded health programmes, according to frontline health workers and sex-worker organisations. The deaths, confirmed by AFP, have raised concerns over the impact of reduced funding for services targeting key populations, including sex workers. Health workers and NGOs say the number of deaths could be higher, while new HIV infections among sex workers have also increased. The disruption follows changes to US foreign assistance programmes announced in 2025, which affected organisations providing specialised HIV services. A July 2026 study by…
The High Court has granted Nyachoti & Company Advocates permission to withdraw from representing Foxcapital Investment Limited in its Sh145 billion dispute with Kenya Commercial Bank (KCB), after the law firm told the court it could no longer act for its client due to a lack of adequate instructions. Lady Justice Rhoda Rutto allowed the firm’s application, dated September 10, 2026, during a mention held on September 17. The court granted Foxcapital 14 days to regularise its legal representation following the withdrawal, with the matter set to return to court on October 27 for further directions on how the case…
Kenya, Norway and the United States will co-host the second Africa Clean Cooking Summit in Nairobi on January 27 and 28, 2027, President William Ruto announced, as the three countries seek to accelerate investment and expand access to clean cooking solutions across the continent. Ruto made the announcement on Tuesday, September 22, 2026, while co-hosting a high-level clean cooking event with Norway on the sidelines of the 81st United Nations General Assembly in New York. “On 27 and 28 January next year, we will co-host the second Africa Clean Cooking Summit with Norway, the United States, the International Energy Agency,…
Kenyan households are likely to pay more for cooking gas next month after international prices of propane and butane, the two main components of liquefied petroleum gas (LPG), rose sharply. Petroleum industry executives said the increase in global LPG costs, linked to supply disruptions caused by renewed conflict in the Middle East, is expected to push up prices in the Kenyan market. Kenya sources most of its LPG from Saudi Arabia and other Middle Eastern producers, leaving local prices exposed to changes in international markets. Data from Saudi Aramco, a major LPG supplier in the Middle East, shows that butane…
The Kenya Tourism Board (KTB) has stepped up efforts to promote northern Kenya as a tourism destination, seeking to increase domestic travel and diversify the country’s tourism market. The campaign is targeting destinations in Samburu, Marsabit and Turkana counties, with KTB showcasing the region’s wildlife, cultural heritage and adventure activities to Kenyan travellers. Speaking during the campaign, Samburu National Reserve Director Tom Lesarge said tourism was a major contributor to the local economy, with the reserve accounting for about 85 per cent of Samburu County’s own-source revenue. He said community conservancies were also benefiting from tourism, while the campaign would…
The Capital Markets Authority (CMA) has warned Kenyan investors against fraudulent schemes offering them shares in the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery and Petrochemicals, clarifying that the offer has not been submitted for consideration or approval under Kenya’s regulatory framework. In a public advisory issued on Monday, September 21, the regulator was explicit about the offer’s status locally. “This public offer is regulated in Nigeria and has not been submitted for consideration and approval by CMA under the applicable Kenyan legal and regulatory framework,” the authority said. The warning comes as the IPO generates strong retail…
