Economy

TotalEnergies Kenya Appoints Biova Agboutou as Board Chair

TotalEnergies Marketing Kenya has announced the appointment of Biova Agboutou as its new Director and Chairperson of the Board, effective September 1, 2025. She takes over from Elodie Luce, who resigned after six years to assume a new role within the TotalEnergies Group. Click here to join our WhatsApp Channel …

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LBDA Intervenes With 150-Tonne Rice Mop-Up to Protect Farmers

The Lake Basin Development Authority (LBDA) has purchased 150 metric tonnes of paddy rice from the West Kano Irrigation Scheme in a post-harvest intervention aimed at cushioning farmers, stabilizing prices, and reducing losses. Click here to join our WhatsApp Channel LBDA Managing Director Wycliffe Ochiaga said the exercise is part …

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KRA Marks 30 Years With Bold Digital Shift and Revenue Drive

The Kenya Revenue Authority (KRA) has unveiled a new transformation agenda aimed at becoming a premier service organisation, strengthening its digital innovations, and completing restructuring measures to boost revenue mobilisation as it celebrates three decades of service. Click here to join our WhatsApp Channel Speaking during the anniversary event at …

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Transport Costs Spike in August, KNBS Reports

Kenya experienced a notable rise in passenger transport costs in August 2025, according to the latest Consumer Price Index (CPI) and Inflation Report by the Kenya National Bureau of Statistics (KNBS). The report reveals a sharp 15.4% increase in fares for long-distance travel, with bus and matatu fares on the …

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Old Mutual Profit Sinks 99% on Rate Cuts and Insurance Losses

Old Mutual Holdings has announced a steep earnings drop for the half-year ending June 30, 2025, with profit after tax from continuing operations tumbling 99 percent compared to the same period last year. The group’s consolidated profit before tax stood at Sh380 million, a 66 percent decline from Sh1.1 billion …

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Kenya Airways Reports Sh12bn Half-Year Loss After Dreamliner Grounding

Kenya Airways has plunged into a Sh12 billion loss for the first half of 2025, reversing a Sh513 million profit recorded in the same period last year, after aircraft groundings and lower passenger numbers hurt revenue. Click here to join our WhatsApp Channel The airline attributed the setback to the …

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Eight COMESA States to Face Trade Setbacks from New U.S. Tariffs

The Common Market for Eastern and Southern Africa (COMESA) has warned that eight of its member countries are bracing for major trade disruptions following new reciprocal tariffs imposed by the United States. Click here to join our WhatsApp Channel In a statement, the Secretariat said the levies could sharply cut …

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Sidian Bank Opens New Branch in Nyandarua, Aims to Boost SME Growth

Sidian Bank has inaugurated its 49th branch in Olkalou, Nyandarua County, as part of its plan to enhance its presence in the Mt. Kenya region and support the growth of SMEs and agribusinesses. Situated along the Gilgil-Nyahururu highway, the state-of-the-art branch is expected to serve a dynamic region known for …

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Court Clears Import of 250,000 Tonnes of Duty-Free Rice

The High Court in Kerugoya has given the government the go-ahead to partially implement a gazette notice on duty-free rice imports, despite opposition from local farmers. The notice, issued on July 28 by Agriculture CS Mutahi Kagwe, had authorized the importation of 500,000 metric tonnes of grade one milled white …

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Britam Launches EV Insurance to Boost Green Mobility

Britam has introduced a specialized insurance cover for Electric Vehicles (EVs) and hybrids, in a bid to support Kenya’s fast-growing e-mobility sector. Click here to join our WhatsApp Channel The new product, aligned with the country’s low-carbon economy agenda, comes as the Ministry of Transport’s Draft National e-Mobility Policy sets …

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