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CEOs alarmed by high poverty index among key consumers

The confidence of CEOs as documented in the report stems from the structural resilience and a niche in the business they are running.

By 3 days ago

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Safaricom injects Sh26b into its Ethiopia unit as profit hits Sh43b

Safaricom Kenya recorded a net income of Sh58.2 billion compared to Sh47.5 billion in the same period last year.

By 7 days ago

Safaricom posts Sh58.2 billion net income as M-PESA drives growth

Safaricom Kenya has reported a 22.6 per cent year-on-year rise in net income to Sh58.2 billion in the first half of the 2025/2026 financial year.

By 8 days ago

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Survival or strategy? More CEOs set eyes on mergers, acquisitions

The report shows number of business leaders seeking joint ventures has increased in 2025.

By 8 days ago

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New taxes add to trade barriers within EAC, Comesa blocs

Introduction of taxes has been cited by businesses as discriminatory ploys by some countries in the economic blocs to protect their markets.

By 10 days ago

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From Konyagi to onions: How Tanzania unrest puts Sh4.3b Kenya imports at risk

 Tanzania’s imports to Kenya, according to 2022 figures, average Sh4.3 billion a month while the country’s exports to Kenya is approximated at Sh2.7 billion.

By 10 days ago

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From rot to revenue: How farmers are redefining waste into wealth

When most people think about livestock, the first thing that comes to mind is meat. Yet, beyond the steak and stew is some value chain rich with untapped potential.

By 14 days ago

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Saccos target low-end home buyers with new products

KMRC offers loans to financial institutions at single-digit rates, which are then extended to customers seeking to own homes.

By 22 days ago

State housing board hires advisor to help monetise property agreements

The housing board seeks to change its model of selling units, adopting the offtake method common in the Kenyan market among private developers.

By 29 days ago

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Green buildings: Here are the real costs, rules of sustainability

As the climate change discourse rages on, in the real estate spaces, a major concern has been the cost of putting up a green development.

By 29 days ago

Mi Vida Homes management buys out the developer's owners

A statement from Mi Vida Homes indicated that the developer has reached a share purchase agreement for a management-led buyout of the business from Actis, a private equity fund.

By 29 days ago

KEBS ramps up partnerships to boost quality and safety

KEBS is doubling on strategic partnerships to enhance product quality and safety across the market.

By 1 month ago

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Inside government's Sh4 trillion infrastructure overhaul plan

The government is set to table a Bill in Parliament to establish the National Infrastructure Fund, a key initiative by President Ruto aimed at mobilising Sh4 trillion for development projects.

By 1 month ago

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Manufacturers borrow Sh17b more on low interest market

A relaxed monetary policy saw manufacturers borrow Sh17.2 billion more in the second quarter of this year, even as growth in the sector slowed down compared to the same period in 2024.

By 1 month ago

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Ruto: Unite Africa through a common digital market

President William Ruto is advocating for the adoption of a single digital market within the Comesa, aimed at boosting the region’s global competitiveness.

By 1 month ago

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Why Kenya is pushing for clear green building guidelines

As climate change reshapes global priorities, the term ‘green buildings’ is gaining momentum in Kenya’s real estate circles.

By 1 month ago

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New push for universal social security policy

Push for a transformative universal social security policy in Kenya, advocating for a system that provides retirement benefits to all citizens, including the vast informal sector.

By 1 month ago

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More land, less yield: Cotton sector struggles with low output amid expansion

Even though farmers have continued to expand the area devoted to cottonseed cultivation, yields per hectare have remained uncertain, raising concerns about productivity and profitability.

By 1 month ago

Sacco regulator probes rapid growth of dormant members

Sasra has launched an investigation into the consistent increase in the number of dormant members over the years, as the figure now inches closer to two million.

By 1 month ago

New push for pension funds in the region to pool resources

A task force from pension funds in Kenya, Uganda and Tanzania is expected to provide pathways for how domestic resources can be mobilised across borders for development purposes.

By 1 month ago

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Kenya pushes EU to ease tough regulations amid export slump

Kenya is pushing for a review of the European Union’s tough regulations on its horticultural exports, which officials say are hurting trade and prompting the country to explore alternative markets.

By 1 month ago

Saccos losing share of loans for land and housing

The market share of loans borrowed by Sacco members for land and housing purposes is shrinking, even as the sector still holds the highest proportion of credit advances.

By 1 month ago

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Why Resident Associations are worst nightmare for developers

Superior Homes chief executive Shiv Arora says resident associations are becoming an impediment to developers, wielding more power when it comes to obtaining building approvals.

By 1 month ago

New advisory board to boost Europe-Africa capital links

The initiative comes as Africa’s fast-growing markets, rich in critical minerals and innovation in mobile finance and renewable energy, attract global interest.

By 1 month ago

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Why saccos now want to bypass employers in Sh3.4 billion non-remittance crisis

In most organisations, employees form Saccos with the help of the employer as a savings platform.

By 1 month ago

Family Bank shareholders to ratify plan to list on NSE

Family Bank Limited has called for an Extraordinary General Meeting (EGM) to be held at the end of the month where shareholders are expected to ratify the decision to go public.

By 1 month ago

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Why ugali is fading as rice, chapati rise in Kenyan homes

The low prices are also said to be an effect of surplus production in 2023.

By 1 month ago

Sasra warns Saccos on rising loans competition

Saccos have been cautioned to expect stiff competition from banks in the wake of the falling interest regime by the Central Bank of Kenya (CBK), which is aimed at pushing credit to the private sector.

By 1 month ago

Indian firm eyes slice of Kenya's mid-sized motorcycle market

Kenya’s mid-size motorcycle market has caught the attention of Indian manufacturer Royal Enfield, which is setting up shop in the country, eyeing the growing bikers’ community.

By 1 month ago

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State tightens grip on saccos as sector's asset base hits Sh1 trillion

Small-sized Saccos with deposits of below Sh100 million will be required to merge with larger ones as the government tightens its grip on the sector.

By 1 month ago

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The Sh100 billion tax proposal targeting Kenya's super-rich

NTA proposes progressive wealth tax on 6,800 high-net-worth individuals to boost local revenue and curb inequality.

By 1 month ago

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The missing link in push for electric bikes' uptake

An electric boda boda operator makes Sh300 more than an average rider.

By 1 month ago

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Banks' balancing act over need for new branches amid digital shift

For an economy where more than 90 per cent of bank transactions are digital, maintaining a physical branch is a dilemma.

By 1 month ago

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KRA tightens noose on rogue importers with new rules

Sometime in July, KRA introduced a new requirement that all imports into the country be accompanied by a certificate of origin.

By 1 month ago

Pepsi ups Kenya foray with new energy drink

Pepsi Kenya (SBC Kenya) has officially launched Sting Energy, a premium high-energy drink designed to fuel Kenya's go-getters.

By 1 month ago

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How illicit financial flows cost Kenya Sh243b annually

The report by the National Taxpayers Association in partnership with Oxfam shows that trade in illicit goods takes the largest portion of illicit financial flows, contributing Sh153 billion.

By 1 month ago

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Affordable housing lie: Why Ruto's numbers do not add up

Upon jetting back into the country from Ethiopia recently, President William Ruto, for the umpteenth time, defended the affordable housing programme (AHP).

By 1 month ago

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Unremitted pensions shoot to Sh14 billion

Unremitted contributions to pension schemes more than doubled to Sh14 billion as businesses struggled with the second phase of enhanced deductions to the NSSF that kicked in February 2024.

By 1 month ago

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How proper career path can boost labour in the retail space

There is a certain saying among Nairobi residents that if you have never sold GNLD products, then you haven’t seen the hard part of this city.

By 1 month ago

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Why government is the biggest winner in Kenya's lending market

Experts say government, which is the top borrower, is taking more but paying less in terms of interest rates.

By 1 month ago