Economy

The tourism sector along the coast experienced a significant upswing as the cruise ship MV Bolette, carrying 859 tourists, docked at the port of Mombasa on Thursday morning. This marks the sixth cruise ship to arrive at the port this season and the last one for the current season. A …

A Savings and Credit Cooperative organization for farmers in Kisii County has experienced substantial growth in its core capital, increasing from Sh600 million 12 years ago to Sh1.7 billion at present. Wakenya Pamoja Sacco Society Limited, with a membership exceeding 130,000, primarily consists of coffee and tea farmers in the …

Kenyan youth are being encouraged to explore barista and mixology studies to meet the increasing demand for professionals both locally and globally. The founder of the Worthstart Barista and Mixology Institute, Zoey Naik, issued this challenge during the graduation of 43 trainees. Naik urged more young individuals to enroll in …

Equity Bank Kenya has been acknowledged as the top global performer by the International Finance Corporation (IFC), a member of the World Bank Group, in the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting. Out of 258 participating financial institutions worldwide, Equity Bank reported the highest number …

The Competition Authority of Kenya (CAK) has imposed a Ksh.1.1 billion fine on the French retail chain Carrefour for the misuse of its buyer power in relation to suppliers. In a statement released on Tuesday, CAK revealed that the supermarket chain, operated by UAE-based Majid al-Futtaim, was found to have …

The Nzoia Sugar Company factory has resumed its operations, providing relief to more than 67,000 sugarcane farmers who have faced challenges due to its prolonged shutdown. The revival of this once influential milling plant follows a government directive and a period of inactivity caused by a shortage of cane. Acknowledging …