Economy

Kenya’s horticulture sector recorded strong export performance, with flower exports contributing significantly to earnings that reached Sh143.78 billion in 2025, according to the Agriculture and Food Authority (AFA). The latest figures, released ahead of the International Flower Trade Expo (IFTEX) 2026, highlight floriculture as one of the country’s leading foreign …

Passenger train services between Nairobi and Nyahururu have officially resumed after a 46-year break, marking the revival of one of Kenya’s historic railway corridors. On Monday, the sound of a train whistle once again echoed along the Nairobi–Gilgil–Ol Kalou–Nyahururu route as the first passenger service departed Nairobi Central Railway Station …

Ride-hailing firm Bolt has dismissed rumours circulating online claiming it will shut down its operations in Kenya, terming the reports false and misleading. In a statement released on June 1, the company said it had become aware of a fake document being shared on social media and messaging platforms alleging …

Kenya’s annual inflation rate climbed to 6.7 percent in May 2026, up from 5.6 percent in April, reflecting higher prices for food, transport, fuel and other essential household expenses. New figures released by the Kenya National Bureau of Statistics (KNBS) show a notable rise in the cost of living, driven …

Absa Bank Kenya has reported a profit after tax of Sh5.3 billion for the first quarter ending March 2026, supported by growth in customer deposits and an expanded balance sheet despite a difficult economic climate. The bank’s total assets rose by 10 percent to Sh571.3 billion during the period, while …

Family Bank recorded a sharp increase in first-quarter profit, posting Sh1.6 billion in net earnings driven by strong growth in lending, customer deposits, and interest income as it moves closer to its planned listing on the Nairobi Securities Exchange. The lender’s profit after tax for the quarter ending March 2026 …

President William Ruto has announced that diesel prices will be reduced by a further Sh10 per litre in the upcoming June–July fuel review, in a move aimed at cushioning Kenyans from rising global oil costs. Speaking on Friday at State House in Mombasa, the President said the reduction is part …

BAT Kenya has raised concern over the Tobacco Control (Amendment) Bill, 2024, warning that it could lead to an annual revenue loss of about Sh12 billion and threaten more than 100,000 livelihoods across the tobacco value chain. In a submission to the National Assembly, the cigarette manufacturer said the proposed …

New vehicle sales in Kenya increased by 12.2 per cent in the four months to April, supported by improved access to affordable credit and continued government leasing programmes, according to industry data. The growth signals steady economic activity despite global uncertainties linked to geopolitical tensions in the Middle East, high …

Sidian Bank has posted a 9 percent increase in profit after tax, recording Sh607.03 million for the quarter ended March 31, 2026, compared to Sh556.94 million in the same period last year. The growth was supported by higher interest income and a rapidly expanding balance sheet. The lender’s net interest …