Economy

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 …

Media personality Betty Kyalo recently shared her challenges navigating the business landscape in Kenya, following the distressing situation she faced with her Flair by Betty salon. Kyalo revealed that her salon faced auction due to rent arrears, shedding light on the harsh realities many businesses encounter amidst economic hardships. In …

Law enforcement agents have summoned numerous officials from government bodies involved in the distribution of counterfeit fertilizer for questioning regarding the ongoing scandal. The initial group called in for interrogation, from Friday to Sunday, comprised representatives from the Kenya Bureau of Standards (KeBS) and suppliers implicated in the matter. Subsequently, …

Deputy President Rigathi Gachagua has reassured the public regarding the nation’s food security amidst concerns about counterfeit fertiliser in the market, emphasizing that only a fraction of the imported stock failed to meet quality standards. During a meeting with Kenyan residents in Rwanda, Gachagua disclosed that out of the 4 …

The inflation rate in March hit a two-year low of 5.7 percent, a significant drop from February’s 6.3 percent and January’s 6.9 percent, primarily driven by reduced prices of food items, fuel, and electricity. According to the Kenya National Bureau of Statistics (KNBS), price adjustments in essential categories such as …

The National Transport and Safety Authority (NTSA) has taken action to suspend the operating licenses of two transport companies due to non-compliance with speed regulations mandated by law. In an announcement made by Director General George Njao, Bungoma Line Safari Ltd and Smart Highways Sacco Ltd have been found in …