Business

DP Kithure Kindiki gets an update on the progress of the Dongo Kundu Special Economic Zone (SEZ), which is poised to turn the coastal region into a major logistics and manufacturing hub. Click here to join our WhatsApp Channel  

The government experienced a loss of Sh 144.2 million in revenue between August and September 2024, due to a decrease in the number of passengers using the Standard Gauge Railway (SGR). According to the latest data from the National Bureau of Statistics (KNBS), the number of SGR passengers dropped from …

Kenya’s electricity generation decreased in November 2024, according to the latest figures from the Kenya National Bureau of Statistics (KNBS). Click here to join our WhatsApp Channel The KNBS report showed that local electricity production dropped from 1,103.5 million kWh in October to 1,067.3 million kWh, marking a 3.3 percent …

Kenya’s economy is expected to grow by 5.3% in 2025, as reported by the National Treasury. In the Budget Policy Statement for 2025, released in Nairobi on Wednesday, the Treasury indicated that this growth would be an improvement from 4.6% in 2024 and 5.6% in 2023. The economy shrank in …

Safaricom has appointed Edward Okaro as an Independent Non-Executive Director, effective January 15, 2025. The appointment was announced by Acting Company Secretary Linda Mesa on Thursday, following the resignation of Rose Ogega on November 29, 2024, who had served in the role since February 12, 2019. The Safaricom Board expressed …

Effective from midnight tonight, petroleum prices in Kenya will see an increase across all fuel types. The maximum allowed pump prices for Super Petrol, Diesel, and Kerosene will rise by KShs. 0.29 per litre, KShs. 2.00 per litre, and KShs. 3.00 per litre, respectively. These adjustments are set to impact …

Hawkers in Nairobi are threatening to stage a protest in response to Governor Johnson Sakaja’s decision to ban them from operating on the main streets of the Central Business District (CBD). The hawkers’ association has announced plans to march to City Hall to express their opposition to the directive and …

Chinese retail chain China Square has opened a new store at Two Rivers Mall, further growing its presence in Kenya. This new location adds to China Square’s expanding network of outlets, which already includes stores in Kenyatta University’s Unicity Mall, The Waterfront, Karen Mall, Lang’ata Hyper Mall, and two locations …

Deputy President Kithure Kindiki has announced that Kenya’s leather industry is set to create 100,000 jobs by 2027. While inspecting the ongoing development at the Kenya Leather Industrial Park (KLIP) in Kenanie, Machakos County, Kindiki revealed that the sector currently provides 17,000 jobs. He emphasized that the government’s transformation plan …

The Energy and Petroleum Regulatory Authority (EPRA) has announced the closure of six fuel stations for non-compliance, following inspections at 1,295 petroleum sites across the country. EPRA revealed that 11 sites were found selling substandard or export-bound fuel in the local market. Tests showed that 1,284 sites (99.15%) were compliant, …