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Economy

Latest economy stories from across Kenya.

ICEA Lion Report: 80% of Urban Kenyans Struggling with Stagnant Income
Business Today KenyaECONOMY

ICEA Lion Report: 80% of Urban Kenyans Struggling with Stagnant Income

A new report has revealed that most Kenyans living in cities have yet to feel the benefits of the country’s economic growth, with many saying their incomes have either remained unchanged or declined this year. Rising living expenses and…

2 min read
Ruto: Intra-Africa Trade Is the Key to the Continent’s Prosperity
Business Today KenyaECONOMY

Ruto: Intra-Africa Trade Is the Key to the Continent’s Prosperity

President William Ruto has launched a call for Africa to stop exporting raw materials and start trading with itself, saying the continent can no longer afford to depend on unpredictable global markets. Speaking in Nairobi after taking over…

3 min read
Ruto to Set Up Sovereign Wealth and Infrastructure Funds to Cut Debt
Business Today KenyaECONOMY

Ruto to Set Up Sovereign Wealth and Infrastructure Funds to Cut Debt

President William Ruto has unveiled plans to create two powerful investment vehicles that he says will help Kenya grow without sinking deeper into debt. The head of state announced that his government is setting up an infrastructure fund…

2 min read
In Kenya’s Arid Region, Fish Farming is Surprisingly Taking Root
Business Today KenyaECONOMY

In Kenya’s Arid Region, Fish Farming is Surprisingly Taking Root

In North Horr Sub-County, WFP and the county directorate of fisheries are actively engaged in the promotion of smallholder fish farming, in a move aimed at enhancing food security and resilience among local pastoralist communities, who…

4 min read
How Russia-Ukraine War Has Changed Cooking Trends in Kenyan Homes
Business Today KenyaECONOMY

How Russia-Ukraine War Has Changed Cooking Trends in Kenyan Homes

The study, titled “Gendered Differences in Household Cooking Coping Strategies for the Russia-Ukraine War in Kenya,” has established that the Russia-Ukraine war disrupted global supply chains, leading to higher fuel prices, as well as food…

2 min read
Digital Loans Hit KSh 76.8 Billion, Attracting 27 More Lenders
Business Today KenyaECONOMY

Digital Loans Hit KSh 76.8 Billion, Attracting 27 More Lenders

Kenyans had accessed 5.5 million digital loans amounting to KSh 76.8 billion as at the end of June 2025. Majority of this cash was used to cater for school fees, projects, personal needs, purchase assets and running businesses.

2 min read
Soaring Cost of Food Pushes Monthly Inflation to 4.5%
Business Today KenyaECONOMY

Soaring Cost of Food Pushes Monthly Inflation to 4.5%

Kenya’s monthly inflation rate rose steeply to 4.5% in August compared to 4.1% in July, edged up by a rise in the price of food and transport, the biggest items in the average household’s consumer basket.

2 min read
Banks in Race to Lower Price of Loans
Business Today KenyaECONOMY

Banks in Race to Lower Price of Loans

The boards of all licensed banks have until this November to approve a new loan pricing prescribed by the Central Bank of Kenya(CBK) – which must then be implemented by February 2026.

3 min read
CBK Powerful Loan Pricing Tool Offers Major Relief to Borrowers
Business Today KenyaECONOMY

CBK Powerful Loan Pricing Tool Offers Major Relief to Borrowers

The Central Bank of Kenya (CBK) has issued new guidelines that will assist banks to price their loans to retail customers. The Risk-Based Credit Pricing Model (RBCPM) takes effect on 1st September 2025.

2 min read
CBK Nets KSh 179.8B From Second Infrastructure Bond Sale
Business Today KenyaECONOMY

CBK Nets KSh 179.8B From Second Infrastructure Bond Sale

The Central Bank of Kenya (CBK), the government’s fiscal agent, collected KSh 179.8 billion at its second Government Bonds auction this month, against the KSh 50 billion it was seeking, with investors displaying huge appetite for the…

2 min read
UK Aid Cuts Deliver Fresh Setback to Africa’s Development Efforts
Business Today KenyaECONOMY

UK Aid Cuts Deliver Fresh Setback to Africa’s Development Efforts

The UK’s decision to further slash its foreign aid budget has sent shockwaves across African nations, threatening critical development programmes and deepening concerns about the global North’s commitment to supporting the continent’s most…

1 min read
Sugarcane Farmers Gain as Government Boosts Prices to Ksh5,750
Business Today KenyaECONOMY

Sugarcane Farmers Gain as Government Boosts Prices to Ksh5,750

Sugarcane farmers countrywide are poised for a financial uplift as the government has raised the minimum price of sugarcane to Ksh5,750 per tonne (1,000 kg), up from Ksh5,500, marking the second increase in 2025. The 4.5% hike, effective…

1 min read
Responsible Sourcing Initiative Expands Into Kenya
Business Today KenyaECONOMY

Responsible Sourcing Initiative Expands Into Kenya

A global program that brings together brands, investors, recyclers, and waste worker organizations, the Responsible Sourcing Initiative aims to address the most pressing human rights issues in the plastics recycling value chain.

3 min read
Mudavadi Courts Nigeria’s Elumelu to Grow Investments in Kenya
Business Today KenyaECONOMY

Mudavadi Courts Nigeria’s Elumelu to Grow Investments in Kenya

United Bank for Africa (UBA) and Transcorp Chairman Tony Elumelu has pledged to expand his business interests in Kenya after meeting with Prime Cabinet Secretary Musalia Mudavadi, who also serves as the Cabinet Secretary for Foreign and…

2 min read
Complete Guide on How to Apply For KRA Tax Amnesty
Business Today KenyaECONOMY

Complete Guide on How to Apply For KRA Tax Amnesty

The primary goal of the KRA tax amnesty program is to support the taxpayers regularise their tax ledgers through corrections or reconciliations and doing away with existing erroneous obligations.

4 min read