Economy

About two out of every ten electric vehicles in Kenya are currently operating on the Bolt ride-hailing platform, underscoring the growing influence of mobility apps in driving the adoption of electric transport, according to an analysis. Of the estimated 24,000 electric vehicles on Kenyan roads, around 5,808 are active on …

By: China Daily South Africa and Kenya have become the latest African countries to make progress on trade deals with Beijing as both nations work toward duty-free access and hail opportunities in China’s market. China and South Africa signed a framework agreement on economic partnership for shared prosperity on Friday, …

Safaricom PLC has announced an interim dividend of Sh0.85 per ordinary share for the financial year ending March 31, 2026. In a statement to the public, the company said its board approved the dividend during a meeting held on February 4, 2026. The payout applies to the year ending March …

Sugar factory workers have called off their planned nationwide strike following high-level talks between the government and the Kenya Union of Sugar Plantation and Allied Workers (KUSPAW). The agreement came after a meeting at Kilimo House chaired by Agriculture and Livestock Cabinet Secretary Mutahi Kagwe. Click here to join our …

Advertising spend by betting and gambling companies dropped sharply by 89 percent to Sh131 million in the first quarter of the 2025/26 financial year, largely due to tighter sector regulations. Data from the Communications Authority of Kenya (CA) shows the figure is a steep decline from Sh1.2 billion recorded in …

Buyers of Isuzu’s MU-X SUV in East Africa are set to save up to Sh3.6 million as the company begins local assembly of the model. The locally assembled 3-litre MU-X will now sell for Sh9.9 million, down from Sh13.5 million—a 27% price reduction. A higher-spec 1.9-litre variant will also be …

Over half of the smartphones currently on the Safaricom network are Xiaomi devices, underscoring the Chinese brand’s rising influence in Kenya’s mobile phone market. The information was shared on Friday during the Nairobi launch of the Redmi Note 15 Series, which includes three models targeting users seeking affordability, performance, and …

Clean cooking company Koko Networks has ceased operations in Kenya, cutting off services to thousands of households that depended on its ethanol-based cooking fuel. Customers were notified of the shutdown through a short text message sent on Saturday, in which the company apologised and said it would communicate the next …

East African Breweries Limited (EABL) has proposed an interim dividend of Sh4 per share for the half-year ending December 31, 2025, up from Sh2.5 per share during the same period in 2024. The increase follows a 38 percent jump in net profit, which rose to Sh11.2 billion. Click here to …

Lower costs for transport, food, and internet helped bring Kenya’s inflation down to 4.4 percent in January, slightly below December’s 4.5 percent, according to the latest data. The Kenya National Bureau of Statistics (KNBS) Consumer Price Index (CPI) report shows that inter-town bus and matatu fares fell by 1.9 percent, …