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Unpredictable market dynamics, raw exports stifles manufacturing growth

Kenya has a blueprint as a net importer of finished goods and exporter of raw unprocessed goods, robbing its people economic self-reliance.

By 3 days ago

M-Pesa Foundation in Sh30b programme to boost skilling of teachers in ICT

Safaricom, through the M-Pesa Foundation, has launched an education initiative to improve education and training outcomes over the next five years.

By 3 days ago

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Kenya faces new dirty cash scrutiny as peers exit list

African States continue to suffer adversely from being included in the Financial Action Task Force (FATF) grey list, which indicates increased monitoring for money crime.

By 4 days ago

SMEs challenged to leverage on technology for cross border trade

Despite policy ratification, intra-African trade remains below 15 per cent, hampered by critical barriers that banks and digital tools can now dismantle.

By 4 days ago

Safaricom unveils a Sh30 billion education initiative

Safaricom, through the M-Pesa Foundation, has unveiled a Sh30 billion education initiative that will provide 10,000 scholarships and upgrade more than 600 schools across the country.

By 6 days ago

Naivas opens its 111th store at Magadi

Naivas Supermarket, Kenya’s leading homegrown retailer, has opened its 111th branch at OUR Mall, Magadi road, reaffirming its commitment to delivering world-class shopping experience.

By 8 days ago

Lecturers reject government payment plan, strike to continue

Lecturers' union reject government's plan to pay them 7.9 billion arrears in phases; UASU SG Wesonga maintains strike still on if money not paid fully in one installment.

By 7 days ago

Family Bank shareholders approve listing on NSE

Family Bank shareholders have approved the plan to list on the Nairobi Securities Exchange, marking a significant milestone in the journey towards becoming a Tier One Bank.

By 11 days ago

StanChart Uganda to sell wealth, retail units to Absa

StanChart Uganda and Absa Bank Uganda have agreed on the sale of StanChart Uganda’s wealth and retail banking business portfolio in Uganda.

By 12 days ago

How lack of collateral hinders banks from funding small businesses

Banks are keen on character on credit compliance. If your character does not demonstrate goodwill in regard to repayment of credit, banks will shun from financing

By 11 days ago

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How Treasury netted Sh195b in tax revenue from banks

Kenyan banks collectively contributed Sh194.8 billion to the national exchequer in 2024, on the back of increased profitability.

By 13 days ago

CS, standards agency bosses root for quality to boost competitiveness

Protection of consumers, production of quality and standard products will help Kenya become an industrial hub for the region.

By 13 days ago

Start-up links local consumers to discounted goods globally

Consumers are increasingly spending less on essentials, with millennials and boomers increasingly shopping at discounted rates and lower-priced stores.

By 13 days ago

Safaricom marks 25 years of operations

Safaricom on Thursday marked its Silver Jubilee, celebrating 25 years of operations since its official launch on the October 23, 2000.

By 15 days ago

Tourism sector lauds State efforts to boost arrivals at airports

The tourism sector has commended the government efforts in increasing the arrival of new flights into the country, a move termed as a major boost to accessibility to the destination.

By 20 days ago

KRA miss revenue target by Sh50b in Q1 of 202526 FY

Kenya Revenue Authority missed its revenue target by Sh49.86 billion for the first quarter of the current financial year.

By 21 days ago

Carrefour in bid to reduce food waste

Thousands of Kenyan families facing food insecurity are set to benefit from expected redistribution by retailer Carrefour.

By 23 days ago

Kenya's EV sector gains traction amid soaring demand

Kenya‘s electric vehicle (EV) revolution is picking up speed, driven by homegrown innovation, government incentives, and growing demand for cleaner, cost-efficient transport.

By 23 days ago

KRA downplays FATF claims of rampant illicit financial flows

Kenya was placed in the grey list due to its weak policies and lack of prosecutions. However, KRA has termed that action as unjustifiable and unrealistic to Kenya’s situation.

By 24 days ago

Kenya's electric mobility grows amid financing barriers

Despite the growth, financing barriers has kept underserved communities and entrepreneurs locked out of the green transition.

By 24 days ago

Naivas flags off 'homecoming' caravan to Nakuru

Retailer Naivas Supermarkets has flagged off a symbolic heritage caravan retracing the company’s roots back to Nakuru, the birthplace of the renowned brand.

By 24 days ago

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How KRA recovered Sh6.8 billion through whistleblowing

The iWhistle programme profiles tax evaders and review refunds and debt management as an intervention to combat corruption and seal revenue leakages.

By 27 days ago

General insurance claims ease as sector shows signs of recovery

The Insurance sector in Kenya has recorded strong growth and stable business in all its segments in the second quarter of 2025.

By 28 days ago

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How Kenya Power lost Sh11.8 billion

The government’s subsidy aimed at reducing electricity prices and stabilising the shilling has cost Kenya Power Sh11.84 billion in revenue.

By 1 month ago

School owners in low-income areas upskilled for better management

The Premier Credit’s School Loans has enabled school owners to manage their finances more effectively, while meeting education standards in the country.

By 1 month ago

Kenya's tourism grows to 2.4m visitors, but lagging behind Africa's giants

Revenue from tourism increased by 20 per cent to Sh452 billion ($3.5 billion).

By 1 month ago

Co-op Bank backs young developers with Sh110m financing

The partnership entered a new phase with the groundbreaking of the Seven Oaks School, the educational anchor for the development, marking the start of Phase 4.

By 1 month ago

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Tullow seals Kenya assets sale deal

Tullow Oil has completed the sale of its Kenya assets to Gulf Energy Ltd, shifting the pressure to realise Kenya's oil dream to the local firm.

By 1 month ago

SGR staff gain skills through China partnership

Afristar, the operator of the SGR, has launched a training programme in Kenya led by professors from Guangzhou Railway Polytechnic, aimed at enhancing technical skills among its staff.

By 1 month ago

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Why Nairobians are living in structurally unsafe houses

The average Nairobi resident today lives in unhealthy and unsafe quarters due to a shortage of good houses.

By 1 month ago

Sanlam to seek shareholders' approval on name change

Sanlam Kenya will hold a virtual Extra-Ordinary General Meeting on Thursday to seek shareholder approval for a formal name change to Sanlam Allianz Holdings (Kenya) PLC.

By 1 month ago

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Why Kenyan banks lack expertise to assess green financing risks

Commercial banks in Kenya have been urged to finance green projects, that they have shied away from for long citing high risk.

By 1 month ago

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Ruto rode to State House with a rosy manifesto but he has put it on ice

In his campaign he promised a pro-hustler government, reversal of existing policies has drawn criticism for being rushed and seemingly driven by political retaliation.

By 1 month ago

Safaricom unveils offer for digital taxi drivers, boda riders

New propositions bundle together connectivity, fuel discounts, insurance cover and financial wellness support for Kenya’s transport operators.

By 1 month ago

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Why small businesses fear private equity investments

Small businesses remain cautious of taking up large equity investments, despite it emerging as a key source of capital financing.

By 2 months ago

Dairy processor ramps up sustainability drive

The Brookside Dairy is working with farmers on the adoption of renewable energy and water conservation to protect the environment and safeguard animal nutrition security.

By 2 months ago

Kenya can't succeed with public budgets alone- CS Mbadi

Due to the continuous shrinking of traditional ways of financing the budget, the Treasury CS John Mbadi has admitted that public budgets alone cannot finance Kenya’s economic transformation.

By 2 months ago

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How boda boda fatal crashes are costing Kenya billions in losses

The boda boda industry which is largely informal has been growing tremendously, and so are the accident risks, causing a massive loss for owners, operators and also their victims.

By 2 months ago

Why it's cheaper to drink wine outside Kenya

With a relatively high excise taxation, it is difficult for a consumer to have a glass of wine or a bottle of wine when compared to a beer or a local spirit, the cost differential is so high.

By 2 months ago

New vaccines to boost Kenya's poultry sector

Unga Farm Care (EA) Limited, in partnership with global animal nutrition and Kemin Biologics, has officially launched Coryvac and Mevac poultry range of vaccines.

By 2 months ago