Olympia Capital Holdings share price increased by 198 percent on Wednesday, fueled by what has been described as the Ndindi Nyoro market effect.This sharp increase came barely hours after news that the businessman and investor who is also the Member of Parliament for Kiharu had acquired a stake in Olympia.
Category: Economy&Finance
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Kenya’s 2026/27 fiscal deficit overshoots target by Sh178 billion in two months
Kenya’s budget deficit reached Sh252 billion in the first two months of the 2026/27 financial year, driven by lower-than-expected revenue collections and spending that exceeded government projections.The deficit is Sh178.5 billion above the Sh73.5 billion target for July and August, highlighting the growing challenge facing the government’s efforts to rein in public borrowing.
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Posta Kenya aligns turnaround to UPU Dubai strategy as global postal chiefs Meet in Berne – Tonui
Tonui described PostaPay as a digital walletPostal Corporation of Kenya (PCK) is anchoring its recovery on the Universal Postal Union’s Dubai Strategy 2026-2029 for its 192 member countries, as global postal regulators and operators converge in Berne, Switzerland this month for the UPU Council of Administration and Postal Operations Council sessions.
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Kenya, Uganda Traders Push for “No-Stop” Border at Busia to Cut Delays
Busia – Cross-border trade stakeholders from Kenya and Uganda are calling for a no-stop border system at the Busia One Stop Border Post, aiming to speed up the movement of goods, end clearance delays and boost trade between the two countries.The proposal would move inspections to the point of origin, digitise clearance procedures and remove duplicated processes between Kenyan and Ugandan agencies, so that goods cross the border with minimal delay.
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Meet 7 Of The Most Prominent And Wealthy Families In Embu County: Their Businesses, Properties and Wealth
Embu County is home to some of the most prominent and influential families in Kenya’s Eastern Region.The national county registry designates Emby cunty as 014, with its headquarters being Embu town.The county is widely known for its vibrant agricultural sector and is a hub for crops like coffee, tea, macadamia, miraa, and rice.
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Journalists Urged to Strengthen Public Finance Investigations
Nairobi, Kenya: Stronger access to public records, regular engagement with oversight institutions and independent investigative reporting are among the measures proposed to improve accountability in Kenya’s public finances.Kenya Editors Guild (KEG) Vice President Francis Openda said journalists must turn discussions into practical action to scrutinise public spending, borrowing and government financing arrangements.
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Ruto says Dangote deal could triple value of KPC shares
President William Ruto has said that Nigerian billionaire Aliko Dangote’s purchase of a stake in Kenya Pipeline Company (KPC) will raise the value of the company and the shares held by the government and Kenyan investors. He added that KPC shares could double or triple in value within four to five years.
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Millers in Kenya set to be honoured for food fortification, safety, quality efforts
Kenya’s milling industry is set to recognise companies making strides in food fortification, quality assurance and consumer protection at the upcoming 3rd Annual Kenya Millers Fortification Index (KMFI) Awards.The awards organised by the Cereal Millers Association (CMA) in partnership with TechnoServe will fete milling firms showing excellence and progress in food fortification.
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High Court suspends 0.8pc tea export levy pending hearing
The High Court in Machakos on Tuesday, October 27, 2026, suspended the 0.8 per cent export levy on tea until it hears a petition challenging the Tea Levy Regulations, 2026.Justice Josephine Mongare issued conservatory orders that temporarily halt the enforcement of the regulations. She also barred the authorities from refusing export or import permits to traders solely because they had not paid the disputed levy.
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Dangote Oil Refinery IPO attracts investors from 120 countries globally
Aliko Dangote, Africa’s richest man, has revealed the public share offer for his oil refinery attracted applications from investors in 120 countries globally, spanning all 54 African nations.The global response highlights interest in taking ownership stakes in one of Africa’s largest industrial ventures.