Economy

Transport company Nicco Movers Limited has obtained interim court orders as it seeks permission to resume operations using vehicles that have been inspected and declared roadworthy by the National Transport and Safety Authority (NTSA). The legal dispute follows the suspension of the company’s Public Service Vehicle (PSV) operator’s licence, with …

Devki Group is planning to establish a multi-billion-shilling cement manufacturing plant in Karicheni, Kieni Constituency, Nyeri County, in an investment expected to create employment and reduce construction costs across the Mt Kenya region. The proposed factory is expected to employ hundreds of people while lowering cement transportation costs for businesses …

The Kenya Electricity Generating Company (KenGen) has appointed Ronoh Kibet Charles as its next Managing Director and Chief Executive Officer, with his tenure set to begin on February 1, 2027. Kibet, who currently serves as KenGen’s General Manager for Commercial Services, will take over from Eng. Peter Waweru Njenga, who …

Seven merchant vessels carrying petroleum products and palm oil are scheduled to dock at the Port of Mombasa this week, according to the latest shipping schedule released by the Kenya Ports Authority (KPA). Among the vessels is M.T. Bellatrix, which is transporting more than 21,000 tonnes of Shell V-Power petrol …

Eva Ngigi-Sarwari, a senior banking executive who previously served as Visa Kenya country manager and most recently headed payments and international banking at Equity Group, has died while on a business trip to China. Ngigi-Sarwari, 45, was the managing director of Finserve Africa, Equity Group’s digital financial services subsidiary. She …

The United Kingdom government has committed Sh1.94 billion to Quickmart’s initial public offering (IPO), accounting for approximately 13 per cent of the retailer’s Sh15 billion share offer ahead of its planned listing on the Nairobi Securities Exchange (NSE). The investment has been channelled through the Foreign, Commonwealth and Development Office’s …

By: Our Reporter A Nairobi company has announced plans to build a precision infrared optical lens manufacturing facility in Kenya, a project that would mark the country’s entry into a technically demanding industrial sector previously confined to manufacturers in Asia, North America and Israel. HANDLE Investment, led by chief executive …

Matatu operators have warned that passengers could face higher fares following the latest increase in fuel prices, saying rising operating expenses have made it difficult for them to continue absorbing the additional costs. Matatu Owners Association president Albert Karakacha criticised the price adjustments, accusing President William Ruto of going back …

Kenya Electricity Generating Company (KenGen) is seeking to attract investors to renewable energy and industrial development projects during a four-day conference scheduled for November 24–27, 2026, at the Olkaria Geothermal Spa in Naivasha. The Sustainable Energy Conference 2026 is expected to attract more than 1,500 participants from over 80 countries, …

Microsoft is planning to close part of its Africa Development Centre (ADC) in Nairobi as part of a restructuring of its engineering operations, with the company already notifying affected employees about the proposed changes. The technology giant confirmed the development to media, stating that it was engaging directly with employees …