Economy

Lavington Tops Nairobi Suburbs in House Price Growth

House prices in Lavington saw the highest growth among Nairobi suburbs in the fourth quarter (Q4) of 2025, according to the latest HassConsult Q4 House Price Index. Prices in Lavington rose by 2.8%, followed by Westlands at 2.6% and Karen at 2.4%. Overall, property prices across 18 city suburbs increased …

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Court Orders Streamlining in High-Stakes Directline Dispute

The court has urged parties involved in the long-running ownership dispute over Directline Assurance Company, a leading insurer for Public Service Vehicles, to consolidate and streamline their multiple pending applications. The aim is to allow the case to focus on the main issues of directorship and shareholding. Click here to …

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Kagwe:Why Kenya Still Imports Rice Despite Uncollected Mwea Stock

Agriculture Cabinet Secretary Mutahi Kagwe has clarified that Kenya produces only about 20% of its rice requirements, relying on imports for the remaining 80%. Speaking at the National Cereals and Produce Board (NCPB) stores in Kirinyaga County, he emphasized that imported rice will only be brought in after local supplies …

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Kagwe: Sell Your Maize Now or Kenya Will Import

Agriculture Cabinet Secretary Mutahi Kagwe has given maize traders and farmers accused of hoarding grain one month to release their stocks into the market, cautioning that the government will permit duty-free maize imports if shortages persist. Addressing a forum in Sagana on Monday, Kagwe said the State’s main focus is …

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TotalEnergies Loses Land Ownership Case in Nairobi Court

The Environment and Land Court in Nairobi has dismissed a constitutional petition filed by TotalEnergies Marketing Kenya PLC and Gapco Kenya Limited, finding that the dispute should have been pursued through a regular civil lawsuit rather than a constitutional claim. In his decision, Justice J.G. Kemei upheld a preliminary objection …

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Tanzanian Tycoon Injects Sh25.8bn into Portland Cement

East African Portland Cement (EAPC) is set to quadruple its output over the next three years after its majority shareholder committed $200 million (Sh25.8 billion) toward expanding and modernising the company. Kalahari Cement, a subsidiary of Tanzania-based Amsons Group which owns a 69 per cent stake in EAPC, will provide …

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Nedbank Makes Offer to Acquire 66% of NCBA Group

South African lender Nedbank Group has submitted a tender offer to purchase approximately 66 percent of NCBA Group’s ordinary shares, which would give Nedbank a controlling interest in the Kenyan financial services company if the deal goes through. The remaining 34 percent of NCBA shares would continue to be traded …

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No Need to Worry: Gov’t Assures Stable Sugar Prices Amid Production Drop

The Kenya Sugar Board (KSB) has reassured Kenyans that sugar prices will remain stable, despite recent production challenges that have raised concerns about supply. In a statement on Thursday, January 22, KSB CEO Jude Chesire said the country’s sugar supply is secure, even as demand grows due to population increases, …

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Share Sale Won’t Change Safaricom, CEO Says

Safaricom has reassured the public that it will continue to be a Kenyan-owned and operated company, stating that the planned sale of some shares will not affect its day-to-day operations, governance structure, or regulatory oversight. Speaking before the Joint Parliamentary Committees on Finance and National Planning, and Public Debt and …

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Dealers Fear Job Losses If Vodacom Takes Over Safaricom

The Safaricom Dealer Association has expressed concerns that the government’s plan to sell a portion of its stake in Safaricom to Vodacom could undermine the dealer-based network that has been central to the company’s nationwide distribution model. The government is reportedly in the final stages of selling a 15 percent …

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