Business

A new report by the Institute of Economic Affairs (IEA) and the Mitumba Consortium Association of Kenya (MCAK) is urging the government to adopt a strategy that supports both second-hand clothing imports and domestic apparel manufacturing as complementary drivers of economic growth. Click here to join our WhatsApp Channel Titled …

Kenya’s Standard Gauge Railway (SGR) recorded a 40 percent increase in cargo volumes in the first quarter of 2025, driven by growing demand, according to a report released Wednesday by the Kenya Railways Corporation (KRC). Click here to join our WhatsApp Channel Between January and March, the SGR moved 1.82 …

Family Bank has partnered with EIB Global—the development investment arm of the European Investment Bank—to roll out a Sh14.7 billion credit facility aimed at supporting businesses run by women and youth in Kenya. Click here to join our WhatsApp Channel Under the agreement, EIB Global will provide €50 million in …

Kenya Power has begun installing advanced sensors on its power lines to detect faults, temperature changes, and mechanical stress in real-time. Click here to join our WhatsApp Channel The goal is to reduce electricity outages and enhance the overall performance of the national grid. The new devices, known as Megger’s …

Equity Group Holdings Plc and the African Guarantee Fund (AGF) have strengthened their collaboration through a USD 500 million (approximately Sh64 billion) financing arrangement aimed at scaling up support for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa. Click here to join our WhatsApp Channel The enhanced …

Chinese heavy-duty truck manufacturer Sinotruk has introduced its Howo Max model in Kenya, appointing local dealer Printan as its official distributor. Hossein Goudarzi, CEO of Printan, stated in a press release on Friday from Nairobi that the Chinese-made truck sets new standards in power, efficiency, and affordability for Africa’s commercial …

Faulu Microfinance Bank has officially joined the Kenya Bankers Association (KBA) clearing house, marking a significant step towards enhancing transaction efficiency for its customers nationwide. This follows the bank’s integration into the Automated Clearing House (ACH), a system developed in collaboration with KBA and the Central Bank of Kenya (CBK) …

Safaricom has reported a 10.8% increase in its net profit for the year ending March 2025, reaching Sh69.8 billion, driven by strong growth in M-Pesa and data services. M-Pesa revenue grew by 15.2% year-on-year, contributing Sh161 billion, or 44.2% of the company’s total service revenue, which amounted to Sh388.7 billion. …

Proposed changes to the 2025 Finance Bill could undermine Kenya’s economic recovery and industrial growth, according to tax experts from Ernst & Young (EY). Click here to join our WhatsApp Channel The firm has raised concerns over plans to eliminate VAT exemptions for specific sectors, warning that imposing the standard …

Kenya has officially asked the Ghanaian government to allow Kenya Airways (KQ) to set up a secondary hub in Accra, aiming to improve air connectivity across West Africa and to international destinations. Click here to join our WhatsApp Channel The request was made on May 8, 2025, by Roads and …