The Kenyan government has awarded a Sh154.2 billion contract to China Road and Bridge Corporation (CRBC) for the expansion and modernization of Jomo Kenyatta International Airport, according to Capital FM Business.

A contract to widen 1.4 kilometers of road at the Port of Mombasa has escalated into a costly project, costing Sh8.3 billion, funded by taxpayers. The expenses include luxury items such as air-conditioned offices, diesel SUVs, and a Sh1.89 billion contingency fund, which a commercial lawyer suggests may conceal human intervention. Managing Director Captain William Ruto is under scrutiny due to a separate Sh31.2 billion procurement petition and a Sh1.9 billion discrepancy raised in Parliament.

Kenyan billionaire Joshua Chepkwony's company, EADAK Limited, has successfully assembled 700,000 smartphones in its first year of operations. This achievement was made possible through a partnership with Safaricom.

The National Treasury of Kenya is set to receive Sh204.3 billion from the sale of a 20 percent stake in Safaricom, according to Cabinet Secretary John Mbadi. The government sold over 6 billion ordinary shares to Vodacom at Sh34 per share, following a Court of Appeal ruling that cleared the deal. This acquisition increases Vodacom's ownership in Safaricom PLC to 55 percent, establishing it as the majority shareholder.

The Kenyan Cabinet has approved the country's accession to two international treaties aimed at combating the recruitment of Kenyans as mercenaries abroad and enhancing efforts against human trafficking. This decision allows Kenya to join the 1989 United Nations Convention Against the Recruitment, Use, Financing and Training of Mercenaries and the 1977 OAU Convention for the Elimination of Mercenarism in Africa. Additionally, the government plans to amend the Counter-Trafficking in Persons Act and other relevant laws.

Equity has approved the establishment of new insurance units as part of its expansion plans in Kenya and the Democratic Republic of Congo (DRC). In Kenya, the company will create a microinsurance firm with a capital base of Sh192 million. In the DRC, Equity plans to launch a life insurance company with an initial capital of $12 million and a general insurance company with a capital of $13.37 million.