Economy

Kenya’s flower exports are expected to grow to 110 billion Kenyan shillings (around 851 million U.S. dollars) in 2025, up from 835 million dollars in 2024, according to a trade body. Click here to join our WhatsApp Channel Clement Tulezi, CEO of the Kenya Flower Council, told media in Nairobi …

Plastic pollution remains a growing issue in Kenya, particularly in urban centres and coastal regions. Click here to join our WhatsApp Channel The country currently produces around 966,000 tonnes of plastic waste annually—a figure expected to rise to five million tonnes by 2030, according to UNCTAD. Yet only 8–10% of …

Muguka farmers and traders from the Mt Kenya region are opposing a proposed bill in Parliament that seeks to remove the crop from the list of scheduled crops and introduce tighter controls on its production and sale. Click here to join our WhatsApp Channel The Crops (Amendment) Bill, introduced in …

The Kenya Revenue Authority (KRA) has announced that new Customs Reference Selling Prices (CRSP) for imported used vehicles will take effect on July 1. Click here to join our WhatsApp Channel In a public notice, the authority stated that the updated CRSP will guide the determination of customs value for …

President William Ruto has defended the government’s move to lease four state-owned sugar mills, describing it as a critical step toward enhancing efficiency, restoring profitability, and protecting farmers’ livelihoods. Click here to join our WhatsApp Channel Speaking during the 62nd Madaraka Day celebrations in Homa Bay County, Ruto emphasized that …

Afya Sacco has officially written off Sh361.6 million lost in failed investments linked to the Kenya Union of Savings and Credit Co-operatives (KUSCCO), marking one of the most significant financial setbacks resulting from the scandal that rocked Kenya’s cooperative sector. The loss was disclosed in Afya Sacco’s consolidated financial report …

Jubilee Holdings has revealed a record dividend payout of Sh978 million for the 2024 financial year, driven by a strong performance that saw the insurer’s profit before tax reach Sh6.2 billion. At the company’s 87th Annual General Meeting (AGM) in Nairobi, shareholders approved a final dividend of Sh11.50 per share. …

Ford Motor Company is recalling close to 1.1 million vehicles in the U.S. due to a software malfunction that may prevent rearview cameras from displaying images, posing a heightened risk of accidents. Click here to join our WhatsApp Channel The recall affects select models from 2021 to 2024, including the …

Safaricom has unveiled plans to invest Sh66 billion over the next three years to develop artificial intelligence (AI) infrastructure throughout East Africa. Click here to join our WhatsApp Channel The initiative will prioritize the enhancement of digital systems, strategic partnerships with both local and global tech firms, and the acceleration …

The Kenya Electricity Generating Company PLC (KenGen), a government-owned power producer, announced on Wednesday its intention to scale back reliance on hydropower due to its vulnerability to erratic rainfall, aiming to enhance the country’s energy resilience. Click here to join our WhatsApp Channel KenGen CEO Peter Njenga stated that hydropower …