Economy

Ombudsman Orders NSSF to Release Financial Statements and Annual Reports

The Commission on Administrative Justice (Office of the Ombudsman) has instructed the National Social Security Fund (NSSF) to publish its financial statements and annual reports as required by law. In a letter addressed to the NSSF CEO, Dorothy Jemator, the Access to Information Commissioner at the Ombudsman’s office, gave the …

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Kenya Launches Training to Combat Terror Financing, Money Laundering

Kenya’s Ministry of Defence has launched a specialized training initiative aimed at equipping law enforcement agencies with the skills to detect, report, and prevent money laundering and the financing of terrorism. Click here to join our WhatsApp Channel The program, which began on Tuesday, is backed by the Islamic Military …

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CBK Seeks Public Feedback on Revised Credit Pricing Framework

The Central Bank of Kenya (CBK) has released a consultative paper inviting public views on proposed changes to the Risk-Based Credit Pricing Model (RBCPM), first introduced in 2019 to tackle high interest rates and increase transparency in lending. Click here to join our WhatsApp Channel Five years on, CBK is …

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Nairobi Rolls Out Pilot Program for Fixed Fares and Scheduled Bus Services

Commuters in Nairobi are now experiencing the first phase of a new public transport system trial—introducing scheduled bus departures and fixed fares, a model inspired by European cities’ transit networks. Click here to join our WhatsApp Channel As part of this pilot, matatus on the designated routes no longer need …

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Kirinyaga Coffee Farmers Celebrate Record Payouts Amid Sector Reforms

Coffee farmers in Kirinyaga County are experiencing unprecedented earnings for the 2024/2025 season, with cherry payouts ranging from Ksh100 to Ksh145.10 per kilogram. Click here to join our WhatsApp Channel Gacami Coffee Factory, under the Baragwi Farmers Cooperative Society, leads with the highest rate of Ksh145.10 per kilogram, followed closely …

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Government Bans 11 Chinese Cigarette Brands Over Legal Violations

The government has prohibited the importation of 11 Chinese cigarette brands distributed by Shapo Ltd, citing breaches of the Tobacco Control Act, 2007, and the Tobacco Control Regulations, 2014. Click here to join our WhatsApp Channel Among the banned brands are RGD Blue, Huangshan, Harmonization, Septwolves, Naijing, and Guiyang, among …

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CS Kagwe Pushes to Lift Ban on Kenyan Tea Exports to Iran

Kenya is aiming to lift the ban on tea exports to Iran as part of efforts to diversify green leaf sales beyond traditional markets like Pakistan. Click here to join our WhatsApp Channel This was the focus of discussions during a meeting between Agriculture CS Mutahi Kagwe and a delegation …

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KQ Diverts Flights to Mombasa, Kilimanjaro Due to Fog

Kenya Airways has rerouted several flights originally scheduled to land at Nairobi’s Jomo Kenyatta International Airport (JKIA) to Mombasa and Kilimanjaro due to reduced visibility caused by heavy fog. Click here to join our WhatsApp Channel In a statement, the airline explained that the flight diversions were a precautionary step …

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KRA Deploys New Patrol Boat to Combat Illicit Trade

The Kenya Revenue Authority (KRA) has introduced a new marine patrol vessel, KRA 009, to enhance its fight against illicit trade and tighten control over Kenya’s maritime borders. Click here to join our WhatsApp Channel Unveiled at the Port of Mombasa, the modern vessel is fitted with advanced navigation, communication, …

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MyCredit Secures Sh1.4bn to Support Private School Financing

Digital lender MyCredit has received Sh1.4 billion in funding from global impact investors Oikocredit and BlueOrchard to boost lending to Kenya’s expanding private school sector. Click here to join our WhatsApp Channel The funding will offer customized loans of up to Sh10 million per school, repayable over six years, aimed …

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