Happy February. Here’s what you need to know to kickstart your week.

Koko Fuel Shuts Down After Carbon Credit Row

By Brian Nzomo

Koko Networks, a Kenyan clean-cooking startup backed by international investors and development finance institutions, has shut down operations and laid off its entire workforce after the government blocked its ability to sell carbon credits.

• The company, which distributed subsidized bioethanol fuel to low-income households, closed on Friday following internal deliberations that concluded it could no longer remain solvent without approval to monetize its emissions reductions. 

• The shutdown affects more than 700 direct employees and disrupts services to an estimated 1.5 million households that had relied on Koko’s fuel as an alternative to kerosene and charcoal.

• Koko’s model depended on selling carbon credits to overseas buyers to offset the cost of supplying bioethanol at prices well below market rates.

Read the article here >>>>>

The Evolution of Bank Mergers & Acquisitions in Kenya

By Harry Njuguna

Kenya’s banking sector has consolidated repeatedly over the past four decades, not through a single reform or crisis, but through a recurring pattern of failures, rescues, and strategic takeovers that steadily reduced dozens of lenders into a concentrated system dominated by a few large banks.

That pattern is still playing out: 2026 has opened with two major transactions already in motion. South Africa’s Top lender, Nedbank Group Limited, has proposed a 66% majority acquisition of NCBA Group, while Nigeria’s Zenith Bank has agreed to wholly acquire Paramount Bank Kenya.

Read the full article here >>>>

Coming Soon!

This coming week, Andrew Barden, CEO of The Kenyan Wall Street will moderate a webinar session will examine how global institutions are quietly reshaping the crypto market and what this evolution means for Kenya. Register your attendance here »»»»»

INSIGHT : Spacecoin Explores Anti-Censorship Partnership to Bypass Internet Blackouts

By TKWS

Spacecoin, a U.S space startup building a decentralized internet network, has partnered with the Midnight Foundation to explore the development of a private peer-to-peer messaging application. While the initial focus is on private messaging, the combined infrastructure could support a wide range of privacy-critical applications, from private financial transactions over satellite networks to confidential healthcare communications in remote regions.

Read the full article here »»»»»

Upcoming Events : KenInvest Announces the Upcoming Kenya International Investment Conference (KIICO) 2026

Taking place at the Radisson Blu Upper Hill on March 25, 2026, the 4th Kenya International Investment Conference (KIICO) 2026 is set to be the largest and most impactful investment promotion conference in Kenya’s history.

Key areas of focus during KIICO 2026: Agriculture, Finance, Economic zones and Textiles & Apparel, Information and Communications Technology (ICT) and Business Process Outsourcing (BPO), E-mobility, Clean Cooking, Renewable Energy, Waste Management, Mining, and the Creative Economy.

During KIICO 2026, Kenya will also host the 2nd COMESA Investment Forum on March 26 and the Africa Green Industrialization Initiative (AGII) on March 27th.

Read more about it here »»»»»

Heads Up

Partner Content 

On your Watchlist

Snapshot 

Today in History 

Keep up with what’s happening on our X and LinkedIn pages. Stay updated with the latest financial news on our website The Kenyan Wall Street.