Economy

Farmers from the Mwea Irrigation Scheme in Kirinyaga County have strongly opposed the government’s plan to import 500,000 metric tonnes of rice by the end of the year. The government, through a gazette notice issued by Cabinet Secretary for Treasury John Mbadi, directed the importation of Grade 1 milled white …

Family Bank has secured a USD 20 million (Ksh.2.6 billion) trade finance facility from British International Investment (BII), the UK’s development finance institution, aimed at enhancing financial access for micro, small, and medium-sized enterprises (MSMEs) in Kenya’s trade sectors. The partnership, designed to strengthen trade financing in the country, will …

A recent survey conducted by ICEA LION has shed light on the investment habits of Kenyans, revealing a strong preference for options that promise high returns. According to the report, 34% of respondents identified potential return on investment as their main consideration. SACCOs emerged as the most popular investment vehicle, …

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 …