Economy

The Kenyan government plans to invest over Sh128 billion in the development of the Dongo Kundu and Naivasha Special Economic Zones (SEZs). Click here to join our WhatsApp Channel A lease agreement was signed between the African Export-Import Bank (Afreximbank), the Kenya Ports Authority (KPA), and the Special Economic Zone …

Kenya has secured $1.5 billion (Sh194 billion) in its latest Eurobond issuance as part of its debt management strategy. Click here to join our WhatsApp Channel The bond, with an interest rate of 9.5%, attracted offers totaling $4.9 billion (Sh633.8 billion) from investors. It will be repaid in three equal …

The luxury cruise ship MV Norwegian Dawn has arrived at Mombasa Port from Seychelles, carrying 2,220 tourists. At 294 meters in length and a draft of 8.3 meters, the vessel is among the largest ever to dock in Mombasa. Click here to join our WhatsApp Channel The Kenya Ports Authority …

Wiper Party Leader Kalonzo Musyoka has criticized the Kenya Kwanza administration for not regulating the sale of cheap imported rice, which undermines local farmers by creating unfair competition. Click here to join our WhatsApp Channel Speaking in Ngurubani, Kirinyaga County, on Saturday, Kalonzo stated that President William Ruto’s government has …

Kenya Airways CEO Allan Kilavuka has called on the government to adopt a strategic approach to address the growing issue of foreign airlines poaching skilled personnel from the airline. He warned that if this trend continues unchecked, Kenya could face a shortage of highly qualified aviation professionals, which would negatively …

A majority of small and medium enterprises (SMEs) in Kenya are increasingly turning to credit as a means to fuel their business expansion, according to the latest Mastercard SME Confidence Index report. Click here to join our WhatsApp Channel These businesses are embracing digital payments, utilizing technology, and forming strategic …

KK Security Limited is preparing to lay off around 1,000 employees across all levels in Kenya due to ongoing economic challenges. Click here to join our WhatsApp Channel In an internal memo to staff, Kenya Kazi Services Limited and Kenya Kazi Limited highlighted factors such as rising operational costs, recent …

Passenger service vehicle operators at the railway bus terminal will be relocated by the end of the year to make way for the Sh30 billion Nairobi Railway City project. Click here to join our WhatsApp Channel Kenya Railways Managing Director Philip Mainga confirmed that an agreement has been made with …

Kenya Airports Authority (KAA) is in the final stages of establishing Sea-Air Terminals at Moi International Airport in Mombasa to improve regional cargo movement. Click here to join our WhatsApp Channel Caleb Kositany, Chairman of the Kenya Airports Authority Board, explained that the new terminal will enable quick conversion of …

Kenya’s tourism sector saw significant growth in 2024, with international arrivals reaching a record 2.4 million, according to the latest data from the Ministry of Tourism and Wildlife. Click here to join our WhatsApp Channel Tourism earnings also saw a major rise, increasing from Sh377.49 billion in 2023 to Sh452.20 …