Economy

NICCO Movers Ltd, under the leadership of Director John Kiambo, has taken delivery of the second batch of eight buses, part of a larger order of 30 vehicles. This acquisition is financed by Co-operative Bank and facilitated by Thika Motor Dealers, represented by General Manager of Sales & Marketing, Mr. …

Equity Bank Group saw a significant 25.2% increase in its Q1 profit, reaching Sh16 billion, attributed mainly to robust growth across its subsidiaries. The bank’s MD and CEO, James Mwangi, credited this growth to strong leadership decisions and a flexible balance sheet. ALSO READ: KCB Shifts Focus to Gor Fixture After …

Up to 10,000 small holder coffee farmers in the Gusii region are poised to benefit from a training on crop diversification to maximize crop production in the highly populated area through a project dubbed Gusii Regenerative Agriculture Landscape (GuRAL). The project which is supported by an international non-profit organization, Rainforest …

Kenya Railways has announced the recommencement of commuter train services on specific routes within Nairobi. The service, which had been temporarily halted due to heavy rains and subsequent repair works, will resume on routes including Embakasi Village, Lukenya, SGR Link, and Syokimau starting Tuesday. ALSO READ: Kenyan Airways Employee Detained in …

Kenya is aiming to secure private sector partnerships to extend the Standard Gauge Railway (SGR), ensuring smooth movement of goods across the East African Community borders. Kipchumba Murkomen, the Cabinet Secretary for Roads and Transport, highlighted plans to establish special economic zones along the corridor, promising urban transformation in these …

Chairman, of Budget and Appropriations Committee, National Assembly Ndindi Nyoro  stated that Kenya’s economy is experiencing consistent growth, with the GDP expanding by over 5.5% last year and expected to surpass 5.7% this year. This growth positions Kenya at the 28th spot among the world’s fastest-growing economies. Nyoro highlighted the …

Kenya’s national carrier, Kenya Airways, is optimistic about securing an equity investor by the year’s end. Allan Kilavuka, the airline’s CEO, has noted significant interest from potential investors. In an exclusive interview with a local media, Kilavuka expressed confidence that the infusion of capital could revive the airline’s profitability. ALSO …

Kenyan flower exporters celebrate a significant victory as the United Kingdom decides to halt export tariffs for cut flowers from East African nations, resulting in substantial reductions in shipping expenses. In a collective statement from the British High Commission in Nairobi, Kampala, Rwanda, Addis Ababa, Dar es Salaam, and Kigali, …

Agriculture Cabinet Secretary Mithika Linturi has clarified that the fertilizer currently under investigation for allegations of being counterfeit and falsely labeled as government-subsidized was not fake but rather substandard. Speaking before the Senate Agriculture Committee, Linturi emphasized that while the fertilizer distributed through the National Cereals and Produce Board (NCPB) …

Electricity losses at Kenya Power have surpassed the threshold set by the Energy and Petroleum Regulatory Authority (EPRA), highlighting ongoing challenges faced by the utility company. The elevated losses, attributed to illegal connections and inefficiencies in transmission systems, are anticipated to impact the company’s revenue stream significantly. Recent data reveals …