Tea bonus row heads to court as payouts range from Sh12.50 to Sh50
Smallholder tea farmers are disputing second payments for 2025/26 that vary from Sh12.50 a kilo in Kaptumo to Sh50 in Rukuriri, and some have gone to court.
IFC takes Sh1.94bn slice of Quickmart’s Sh15bn IPO as anchor buyer
The World Bank’s private-sector arm has agreed to buy about 13 per cent of the shares on offer in Quickmart’s IPO, its first return to Kenyan supermarkets since exiting Naivas.
Milk at Sh85 a litre: why shelves are thin and when it may ease
Drought has cut milk deliveries to processors by 5.8%, pushing prices to about Sh85 a litre in parts of Nairobi. Agriculture CS Mutahi Kagwe expects rains to help.
Kenyan startups raise $297m in nine months as debt deals dominate
Kenya is Africa’s fourth-biggest startup funding market so far in 2026, with $297 million raised, much of it in debt and asset-backed deals.
NSE bond turnover passes Sh2.5 trillion for second year running
Bond trading on the NSE has topped Sh2.5 trillion for 2026, nearing last year’s record Sh2.71 trillion, even as equity turnover fell for a second week.
Nairobi neobank Cloud9 lands Alliance backing to speed up supplier payments
Cloud9, the stablecoin-based digital bank from MarketForce founders Tesh Mbaabu and Mesongo Sibuti, has taken total funding to $1 million.
Coffee auction opens season with Sh801m sale as AA grade tops $338
The Nairobi Coffee Exchange’s first sale of the 2026/27 season cleared 17,084 bags worth about Sh801 million at an average of $293 per 50kg bag.
M-Pesa users can now invest in a Shari’ah money market fund from Sh100
Safaricom and Gulfcap Investment Bank have launched Ziidi Shari’ah, an interest-free money market fund on M-Pesa with a Sh100 minimum and free withdrawals.
Coast hotels fully booked to December as tourist arrivals near 2.8 million
International arrivals reached 2,792,875 by June 2026 and tourism earnings Sh564 billion. Coast hoteliers report strong bookings but want more direct flights.
CBK holds rate at 8.75% as private sector credit grows 10.6%
The Central Bank of Kenya kept its benchmark rate at 8.75% for a fourth meeting, as private credit growth hit 10.6% and bad loans eased to 13.9%.
Safaricom and Pesapal bring dynamic QR and tap-to-pay M-Pesa to shop tills
Safaricom and Pesapal have rolled out Dynamic Scan-to-Pay and Tap-to-Pay on Pesapal POS devices, plus an AI Pay feature that reads receipts in My OneApp.
M-Pesa’s Jumbe receipt lets you prove payment without showing your balance
Safaricom’s Jumbe split notification sends a second SMS that confirms a till payment without revealing your M-Pesa balance. Here is how it works.
