Economy

The government is set to commence the construction of a Sh35 billion dam at the Galana Kulalu Irrigation Project, a move expected to significantly boost Kenya’s food security. Click here to join our WhatsApp Channel Treasury Principal Secretary Chris Kiptoo announced on Friday that a contractor has already been identified …

KCB Bank has signed agreements with 29 public and private universities to provide customised financing and digital services aimed at enhancing infrastructure, operations, and financial access for staff, students, and suppliers. Click here to join our WhatsApp Channel The deal includes project financing, working capital, and digital payment systems for …

Kenya has been recognized as a frontrunner in climate-smart agriculture across Africa, according to the Alliance for a Green Revolution in Africa (AGRA) in its 2024 Annual Report. The report credits Kenya’s success to its inclusive approach, involving multiple stakeholders in transforming dryland farming and enhancing food security for smallholder …

The Galana Kulalu food security project is set to expand significantly, adding 1,500 acres for irrigation, bringing the total area under cultivation to 2,560 acres. This comes in addition to the current 1,060 acres already dedicated to seed maize production. Water, Sanitation, and Irrigation Cabinet Secretary Eric Mugaa confirmed that …

East African Breweries PLC (EABL) has announced a 12% increase in profit after tax, reaching Sh12.2 billion for the year ending June 30, 2025. The growth was driven by a mix of higher sales, lower finance costs, and favourable foreign exchange gains. Net sales rose by 4% to Sh128.8 billion, …

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), …