Economy

Deputy President Kithure Kindiki announced that, for the first time in 16 years, Kenya will not be importing maize this year. Click here to join our WhatsApp Channel He also confirmed that, after nearly 22 years, the country will not be importing sugar either. He attributed this achievement to government …

The Ministry of Agriculture has announced an increase in miraa prices, effectively doubling the cost for Grade 1, Grade 2, and Alele varieties. Click here to join our WhatsApp Channel Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe confirmed the price adjustments, which take effect immediately. “The government will continue …

The Interim Sugar Pricing Committee has increased the minimum sugarcane price from Sh5,000 to Sh5,300 per tonne, effective immediately. Click here to join our WhatsApp Channel The decision was made following a meeting on February 7, 2025, to assess farmers’ earnings. Agricultural Principal Secretary Paul Ronoh has instructed all sugar …

The Capital Markets Tribunal has announced that it will not proceed with hearing Mihr Samir Thakar’s appeal, which contested the Capital Markets Authority’s (CMA) decision to suspend the trading of Kenya Airways PLC shares at the Nairobi Securities Exchange (NSE). Thakar filed a memorandum of appeal on January 16, 2024, …

Merger talks between Honda and Nissan have collapsed after the firms failed to agree on a multi-billion-dollar tie-up. The Japanese carmakers, along with junior partner Mitsubishi, had aimed to combine their businesses to fight back against competition from rival firms, especially in China. The merger would have created an auto …

Equity Bank has followed suit with other financial institutions by reducing its lending rates. The bank has announced a 300 basis point (3 percent) cut in interest rates for both new and existing loans denominated in Kenyan Shillings. Effective from February 13, 2025, for new loans and March 1, 2025, …

The Cabinet has approved a Sh4.26 trillion budget for the 2025/26 financial year. Click here to join our WhatsApp Channel This budget, which will be presented to Parliament for further review, allocates Sh3.09 trillion for recurrent expenditures and Sh725.1 billion for development projects. Within the development budget, Sh436.7 billion is …

Money market funds have surged as investors earn returns of up to 16%, contributing to Kenya’s strong start to the year in the capital markets, with all indices at the Nairobi Securities Exchange showing positive results. The growth in money market funds is attributed to heightened awareness, attractive returns, and …

The Kenya Revenue Authority (KRA) has credited significant reforms in customs and border control for the growth in customs tax revenue. Click here to join our WhatsApp Channel Customs tax is levied on goods imported into Kenya. In a statement, the tax authority announced that customs tax collections for January …

Kenya Airways (KQ) and Air India have entered into a codeshare agreement to improve travel between Africa, India, and other destinations. Through this partnership, Air India will add its ‘AI’ code to Kenya Airways’ daily Nairobi-Mumbai flights, providing passengers with connections to Bangkok, Colombo, Dhaka, Malé, Melbourne, and Singapore. This …