Economy

CFAO Mobility Kenya has acquired Tyre Distribution Africa (TYDIA), making it the official distributor of Michelin and BF Goodrich tyres in East Africa. Click here to join our WhatsApp Channel This acquisition strengthens CFAO Mobility Kenya’s presence in the automotive sector, expanding its tyre distribution network across the region. TYDIA …

The Director of Public Prosecutions (DPP) has secured a conviction in the Milimani Law Court, resulting in a fine of Sh6 million for Chinese national Cai Rongui, who was found guilty of tax evasion. Cai was convicted for intentionally failing to report income and Value Added Tax (VAT) for 2018 …

Investors’ wealth on Kenya’s Nairobi Securities Exchange (NSE) has risen by 48 percent over the past year, driven by a steady increase in the prices of blue-chip stocks. According to market data released by the NSE on Wednesday, market capitalization, which reflects investors’ wealth, reached 2.07 trillion Kenyan shillings (around …

DP Kithure Kindiki gets an update on the progress of the Dongo Kundu Special Economic Zone (SEZ), which is poised to turn the coastal region into a major logistics and manufacturing hub. Click here to join our WhatsApp Channel  

The government experienced a loss of Sh 144.2 million in revenue between August and September 2024, due to a decrease in the number of passengers using the Standard Gauge Railway (SGR). According to the latest data from the National Bureau of Statistics (KNBS), the number of SGR passengers dropped from …

Kenya’s electricity generation decreased in November 2024, according to the latest figures from the Kenya National Bureau of Statistics (KNBS). Click here to join our WhatsApp Channel The KNBS report showed that local electricity production dropped from 1,103.5 million kWh in October to 1,067.3 million kWh, marking a 3.3 percent …

Kenya’s economy is expected to grow by 5.3% in 2025, as reported by the National Treasury. In the Budget Policy Statement for 2025, released in Nairobi on Wednesday, the Treasury indicated that this growth would be an improvement from 4.6% in 2024 and 5.6% in 2023. The economy shrank in …

Safaricom has appointed Edward Okaro as an Independent Non-Executive Director, effective January 15, 2025. The appointment was announced by Acting Company Secretary Linda Mesa on Thursday, following the resignation of Rose Ogega on November 29, 2024, who had served in the role since February 12, 2019. The Safaricom Board expressed …

Livestock Development Principal Secretary Jonathan Mueke has called for collaborative efforts across multiple sectors to tackle the challenges hindering growth in the pastoral livestock sector. He highlighted trade restrictions, poor infrastructure, and limited access to markets as major obstacles affecting this crucial sector, which supports the livelihoods of millions. Mueke …

Effective from midnight tonight, petroleum prices in Kenya will see an increase across all fuel types. The maximum allowed pump prices for Super Petrol, Diesel, and Kerosene will rise by KShs. 0.29 per litre, KShs. 2.00 per litre, and KShs. 3.00 per litre, respectively. These adjustments are set to impact …