Economy

Equity Group has solidified its standing as one of the strongest banking brands worldwide, ranking second in Brand Finance’s 2024 Brand Strength and Brand Value rankings. With a Brand Strength Index score of 92.5 out of 100 and an AAA+ rating, Equity climbed from 4th position in 2023 to secure …

In a bid to enhance accessibility and affordability of fertilizer for local farmers, the Nakuru County government has inaugurated additional stores strategically located across various wards. This initiative aims to alleviate the financial burden and logistical challenges faced by farmers in acquiring agricultural inputs. Leonard Bor, the County Executive Committee …

An audit has uncovered that Rai Cement company neglected to settle levy fees amounting to Sh3.9 million in the fiscal year concluded in June 2023, contributing to its total outstanding dues over the years reaching Sh10.7 million. Examination of records revealed that the cement levy payments made by the company …

Dubbed the “Green Gold” of Kenya, avocados are increasingly recognized as a significant contributor to the country’s economic prosperity. Last year, they constituted a notable 17% of total horticultural exports, positioning Kenya among the top avocado-producing nations globally, competing with established producers like the United States, Mexico, and Colombia. During …

A salt firm based in Mombasa has been instructed by a state agency to compensate over Sh185 million for utilizing seawater in the commercial production of salt. The Court of Appeal ruled that Krystalline Salt Limited must remunerate the Water Resource Management Authority (Warma) for extracting seawater from the creek …

Kenya Power has returned to profitability, reporting a net profit of Sh319 million for the half-year period ending December 2023, a turnaround from the Sh1.1 billion loss recorded in the same period the previous year. The company attributes this profitability to increased electricity sales and the implementation of a cost-reflective …

A forecast from meteorologists at the Igad Climate Prediction and Applications Centre, based in Nairobi, indicates that Kenya is likely to experience above-average rainfall in the upcoming planting season, set to commence early next month. The weather experts express a high level of confidence in this forecast, suggesting that the …

KenGen, a publicly traded electricity generation company, is set to finalize an agreement to drill three exploratory wells in Tanzania, as the neighboring country looks to tap into geothermal energy sources. Peter Njenga, the Managing Director and CEO of KenGen, states that operations in Tanzania are expected to commence within …

Diamond Trust Bank (DTB) has forged a partnership with Homa Bay County as the county government prepares to host a conference later this month aimed at attracting investors. DTB is the Silver Sponsor of the Homa Bay International Investment Conference scheduled to occur from 27-29 February in Homa Bay town. …

The Ministry of Agriculture, in partnership with Rootooba, is hosting a two-day forum titled the Financing Agriculture Sustainably Conference (FINAS2024) on March 27th and 28th, 2024, aimed at addressing Kenya’s food insecurity crisis. Seeking to tackle the looming food insecurity and combat inflation in food prices, the forum will bring …