Latest economy stories from across Kenya.
In his State of the Nation Address at the National Assembly today, President William Ruto described housing affordability as the most urgent issue facing Kenya, especially in the face of rapid urbanization. The President stated that the…
In 2022, the Kenyan people turned to William Ruto to lead the country through a severe economic crisis triggered by a heavy debt burden, COVID-19, rising inflation, increasing poverty, widespread unemployment, and a challenging election…
Competition fosters economic welfare and makes markets work for development, the World Bank Group acknowledges, stating that it supports clients in promoting and implementing pro-competition rules in key sectors, deterring anticompetitive…
President William Ruto signed the Sugar Bill on Friday at State House, Nairobi, where he extolled the benefits of a thriving sugar sector for the nation’s overall economy. Speaking in the presence of senior government leaders, including…
Kenya Pipeline Company (KPC) has completed the second phase of the Line IV (Nairobi -Eldoret pipeline) upgrade, increasing the product flow rate along the 14-inch western Kenya pipeline to 515M3 per hour up from the current 330M3 per hour.
A one-US-dollar investment in digital transformation can yield an 8.3-US-dollar return in a country’s digital economy, according to the findings of the Huawei’s Global Digitalization Index (GDI) unveiled at GITEX Dubai 2024.
President William Ruto is calling on Kenyans to acknowledge the value of public-private partnerships (PPPs) as an alternative project delivery system amid the growing backlog of unmet public infrastructure needs across the country, with…
The Kenya Revenue Authority (KRA) has affirmed that the country did not lose any tax revenue through palm oil imports by Louis Dreyfus Company (K) Limited between 2023 and 2024.
The Central Bank of Kenya (CBK) on 14th October announced that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”).
The European Union (EU) is a significant trading partner to Kenya, representing Kenya’s biggest export market at 21.1%, with coffee exports accounting for the largest share at 55%. Even so, starting December 30, 2024, Kenya’s coffee risks…
In the spirit of making life easier, Equitel was created by Equity Bank to provide funds accessibility and choice of payment to their customers and also to other Kenyans – it’s not a must to have an Equity Bank account to register for an…
Kenya is adopting latest global energy efficiency and saving technologies to achieve its decarbonisation target of making its energy generation activities entirely green.
In December 2003, what was not known that it would become one of Kenya’s finest coaching fleets was started in Nairobi, where its main office sits to this day. They called it Easy Coach, and the duty was to undertake public transport…
Covestro’s Desmopan® TPU range is poised to revolutionise high-efficiency textiles applications with its high-performance capabilities.
You probably know Tahmeed Coach as a local bus company in your area, but a fun fact: it is one of the largest bus operators in Kenya. For nearly two decades, it has been running express and local bus services across some of the most…
But as vocal as anti-tourism protests have been, particularly in Europe, there is still overwhelming evidence to show that the sector remains a net positive.
The Kenya Export Promotion and Branding Agency (KEPROBA) and Agriculture and the Coffee Directorate of Agriculture and Food Authority (AFA) have signed an agreement to coordinate marketing efforts in emerging and established coffee markets.
The National Bank of Kenya (NBK) has unveiled a Ksh 2 billion agri-financing and empowerment initiative to support farmers and households in Kenya.
The Kenyan Shilling staged a slightly strong week-to-week gain against the US Dollar, and the trend is likely to remain steady for a few more days before strengthening further, analysts said. Kenya’s currency strengthened by a small 1.0…
Right now, your Facebook account might be an ordinary social media network for connecting with family and friends, but all that will change going forward: Facebook has completed setting up a program to pay Kenyan creators from August 6,…
Surplus stocks of Kenyan maize may increase by more than 28.3 million 50kg bags during the 2023–24 marketing season, data from the State Department for Agriculture estimated in a summary of the agency’s food‐situation report, which was…
East African Business Council (EABC) Vice Chairperson Simon Kaheru has urged the governments of EAC Partner States to uniformly apply the EAC Common External Tariff (CET) to enhance intra-EAC trade, investment and regional value chain.
Kenya Revenue Authority (KRA) has collected Ksh43.9 billion from 1,064,667 taxpayers who took advantage of the tax amnesty programme that ended on 30th June 2024. Through the tax amnesty programme, KRA waived penalties and interest…
The Guardian Coach Bus Service, popularly Guardian Angel buses, has become an iconic way of transportation known for its low fares on bus tickets, convenient pick-up and drop-off locations, and direct inter-county service countrywide.…
