Economy

Kenya’s external liquidity challenges have lessened following the early repayment of a \$2 billion Eurobond in February of last year. According to Fitch, an international credit rating agency, steady inflows of foreign currency and interventions by the Central Bank have helped raise foreign reserves to \$11.1 billion by the end …

Gabra community leaders have firmly rejected opposition to the Marsabit Wind Power Project in Gas, dismissing recent criticisms as misleading and aimed at sabotaging a development initiative with direct benefits to locals. Click here to join our WhatsApp Channel In a statement addressed to the Kenya Electricity Generating Company (KenGen), …

Chicken Cottage has unveiled a new outlet in Kasarani, Nairobi, marking its eighth location in Kenya and the 16th branch under Express Kitchen Ltd. Click here to join our WhatsApp Channel Situated at a Hass Petroleum station on Kasarani-Mwiki Road, the new restaurant aims to serve over 800,000 residents in …

Safaricom has revealed it now serves over 50 million customers in Kenya, a significant achievement as the company gears up to celebrate its 25th anniversary in October. Click here to join our WhatsApp Channel The telco credits this growth to a year-long customer engagement initiative that focused on expanding services, …

Chinese truck manufacturer Sinotruk has introduced two new models — the H2 light-duty truck and the H3 medium-duty truck — into the Kenyan market. The trucks were launched on Thursday, with CFAO Mobility appointed as the official local distributor. Click here to join our WhatsApp Channel Speaking in Nairobi, CFAO …

Electric mobility firm BasiGo Ltd has kicked off a pilot program to test electric matatus on inter-city routes, as part of a broader effort to advance green transportation across Kenya. Click here to join our WhatsApp Channel During the launch in Nyahururu town—BasiGo’s first pilot outside Nairobi—Managing Director Moses Nderitu …

Kenya’s miraa (khat) has officially been approved for export to Djibouti, according to an announcement by the Agriculture and Food Authority (AFA). The approval follows successful bilateral trade missions, including an October 2024 Kenyan delegation to Djibouti and a follow-up visit by Djiboutian officials to Kenya in November. Click here …

President William Ruto has revealed that the Kenya Pipeline Company (KPC) will soon be listed on the Nairobi Securities Exchange (NSE), pending Cabinet and Parliamentary approvals. Click here to join our WhatsApp Channel Speaking during a bell-ringing ceremony at the NSE to celebrate the listing of the Linzi 003 Infrastructure …

Energy Cabinet Secretary Opiyo Wandayi has assured Kenyans that fuel prices are expected to decline in the near future, describing the recent hike as a temporary setback. Click here to join our WhatsApp Channel Appearing before the National Assembly’s Energy Committee, Wandayi stated, “The recent rise in fuel prices was …

Retailers in Kenya are attributing the low uptake of insurance in the sector to high premiums and limited profit margins. Retail Trade Association of Kenya (RETRAK) CEO Wambui Mbarire told Capital FM that while large retailers can afford insurance, many informal traders struggle to meet basic requirements like operating from …