State agencies pitch nuclear energy to power industrialisation

The government has reaffirmed its commitment to advancing the nuclear energy programme, terming it an enabler of the country’s industrialisation agenda.

By 4 days ago

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Why local firms shy away from innovation

The insurance regulator has noted reluctance among sector players to introduce new products into the market, away from what is anchored in the law, such as third-party motor vehicle covers.

By 4 days ago

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UK simplified trade rules open up opportunities for Kenyan exporters

Kenyan exporters are set to benefit from trade reforms by the United Kingdom as the Keir Starmer led economy seeks to tap into the African Continental Free Trade Area (AfCTA).

By 4 days ago

Liquid, DropByDrop partner to manage non-revenue water challenges

Liquid Intelligent Technologies (Liquid) and DropByDrop Water Systems (DropByDrop), have announced a strategic partnership to resolve non-revenue water challenges.

By 4 days ago

State to amend Statistics Act in Sh19.1b data collection plan

The government plans to revise the Statistics Act (2006) in a Sh19.1 billion strategy to revamp how data is collected and disseminated.

By 6 days ago

Metropol, KBA to boost women led businesses

Metropol CRB and the KBA have partnered to enhance the collection and analysis of data with a key focus on women-led micro, small and medium enterprises (MSMEs)

By 9 days ago

The worst of Trump's tariffs on trade has passed, says report

StanChart global outlook predicts trade consensus between America and the rest of the individual countries. Debate on tariffs impact has transcended beyond possible economic losses.

By 8 days ago

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Cement, rebars and boards listed among most counterfeited building materials

Concrete paving blocks and clay roofing tiles also fall into the same category.

By 9 days ago

State to quantify economic value of natural resources

The government's statistician has unveiled a plan to collate data that would quantify the contribution of natural resources to the country’s gross domestic product.

By 9 days ago

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Street vendors, kiosks lead in the sale of counterfeit products

Street vendors have been singled out as the main sellers of counterfeit goods in a new survey by the Anti-Counterfeit Agency (ACA).

By 10 days ago

Firms feted at premier e-commerce awards

A number of firms received accolades in the Kenya E-Commerce Awards, 2025 which also saw Safaricom’s platform Masoko emerge winner in the mobile devices category.

By 10 days ago

Kenya's growing dilemma between job creation and labour export

The number of young people being churned out of the education system is not equal to the number of job opportunities being created.

By 12 days ago

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Police clampdown costs Nairobi economy Sh10.4b

Police lockdown and protest fears turned the country’s bustling capital into a ghost town.This could push investors away, shrink the economy.

By 11 days ago

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Why Kenya has missed Sh130b carbon credit cash

Kenya’s poor data on forest cover is among the challenges behind the country’s unrealised Sh130 billion ($1 billion) revenue from carbon credit trading.

By 12 days ago

Treasury gets Sh57 million dividend from KDC

Kenya Development Corporation has delivered a Sh57 million dividend to the National Treasury while unveiling a Sh500 million recovery facility for Sacco-based lending.

By 12 days ago

AfDB says Kenya's tax regime lenient to the wealthy

Less taxes levied on high-net-worth individuals and an underdeveloped property tax regime are among the resource mobilisation gaps that Kenya faces.

By 16 days ago

Report: How AI technology is changing the job market

The rapid advancement of artificial intelligence is now threatening some technical jobs that were previously considered 'safe' as the tasks can now be done without the hard skills.

By 15 days ago

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How developers can navigate funding challenges

Among the key industries that contributed to Kenya’s 4.7 per cent growth in gross domestic product (GDP) in 2024 was construction. The sector, however, had a negative growth of 0.7 per cent.

By 16 days ago

Power of colourful exterior finishes on buildings, property

A long time ago, before the advent of colour television, the real estate landscape was just as displeasing. The visual texture of buildings was bland, with limited shades of colours.

By 16 days ago

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Push for law to facilitate county branding of products

Counties have an opportunity to improve their own source revenue if a law is enacted to facilitate the branding of products according to their origin or communities.

By 17 days ago

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Report: Development partners to scale down focus on Kenya

Findings by PwC show some of Ruto’s pet projects don’t rank highly among financiers.

By 17 days ago

Study: CocaCola contributed Sh1.4 trillion to Africa's economy in 2024

A new report shows the economic contribution of CocaCola Company and its authorised dealers is valued at Sh1.4 trillion across Africa.

By 17 days ago

Standard Group outlines recovery plan after Sh1.5b rights issue nod

The Standard Group Plc is banking on the upcoming rights issue, cost intervention measures and new revenue streams to power its recovery plan.

By 19 days ago

US firm, IM Bank to curb illicit cash

I&M Bank has partnered with American fintech software and big data analytics company ThetaRay to combat money laundering through the use of Artificial Intelligence.

By 18 days ago

Standard Group Board appoints Chaacha Mwita Acting CEO

The Standard Group has appointed Chaacha Mwita as Acting Group Chief Executive Officer effective July 1, 2025, following the exit of Ms Marion Gathoga-Mwangi.

By 18 days ago

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Tax burden: Private sector reels under unpredictable business environment

KCB CEO Paul Russo, during a recent forum attended by Investments, Trade and Industry Cabinet Secretary Lee Kinyanjui, pointed out how disjointed the budget-making process is.

By 24 days ago

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Low development budget hurts Kenya's status as a regional hub

President William Ruto has been vocal that the country cannot continue relying on borrowed funds for its development ventures.

By 1 month ago

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Why Kenya has few micro insurers

The IRA says it has rejected approval requests from several microinsurance firms because their products do not meet the threshold set for the low-income population.

By 1 month ago

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One year later, traders struggle to rebuild after chaotic protests

Goons took advantage while other traders closed shops in fear of looting.Poor economy has seen some businesses struggle to recover from losses.

By 1 month ago

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Who benefits from CBK's low lending rates?

Dr Thugge, who is the MPC chair, noted that there was room to reduce the rates further to stimulate the banks to lend more.

By 1 month ago

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Headwinds ahead: What could derail Kenya's Sh4.2 trillion budget

Slowing economic growth, rising interest rates, US trade tariffs and inflation to determine performance of the economy.

By 1 month ago

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How government is losing millions in rents from housing units

Further analysis of the inventory showed that 5,397 units under the State Department of Housing and Urban Development have been boarded countrywide.

By 1 month ago

Digital deals, informal hustles: How treasury plans to tax more in 2025

Additionally, the definition of royalty is expanded to include regular payments for software distribution, further widening the royalty tax base.

By 1 month ago

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Non-remittances, land investments amplify financial woes of Afya Sacco

The minutes of the 43rd Annual Delegates Meeting held last year have offered a glimpse of the financial woes bedeviling Afya Co-operative Savings that resulted to a chaotic gathering in May.

By 1 month ago

Scrap metal dealers, county officials partner on city cleanup

Key issues discussed in the meeting included licensing for the scrap dealers and vandalism, according to a statement released after the event.

By 1 month ago

State's bid to reserve tenders below Sh3b for local firms

Local businesses will be able to benefit from government tenders up to Sh3 billion even as the State is keen not accumulate further debts owed to enterprises.

By 1 month ago

BAT raises alarm over illicit cigarettes in the market, says vice costing exchequer Sh9b annually

The findings also show growth in the number of illicit cigarettes sold, with the market in Kenya moving from 27 per cent just a year ago to the current unprecedented 37 per cent.

By 1 month ago

Auditors want Finance Bill 2025 clauses to have revenue targets

Say the country tends to project revenues blindly without a strategy on how to collect more. Say, Finance Bill 2025 seeks to wipe out incentives enjoyed by investors through tax expenditures.

By 1 month ago

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Business leaders warn taxes on inputs impede local production

The captains of industry say the country’s competitiveness has been eroded due to numerous taxes on raw materials.

By 1 month ago

Regulators push for recognition of insurance policies across EAC

Regulatory bodies of insurance services in the region have revived talks on mutual recognition of polices across the East African Community markets.

By 1 month ago