Tag Archives: Kenya Economy

Land prices in Nairobi have climbed to unprecedented levels, with prime locations recording new highs as demand for development land continues to exceed available supply. According to the latest Hass Consult Land Price Index, the average price of an acre in Nairobi’s high-end suburbs has risen to Sh231.9 million, an …

Owning a car in Kenya has become significantly more expensive, with the average vehicle price rising by 72 percent over the past two years to Sh1.37 million, according to a new report by online marketplace Jiji. The report indicates that the average listed price climbed from Sh797,000 in 2024 to …

BAT Kenya has reported a 2 percent increase in profit before tax for the six months ending June 30, 2026, driven by stronger export sales and rising demand for its oral nicotine pouch products despite declining local cigarette sales. The company recorded a pre-tax profit of KSh4.4 billion, up from …

Sales of locally assembled vehicles in Kenya increased by 32 percent in June, signaling continued recovery in the country’s automotive sector. According to the Kenya Motor Industry Association (KMIA), 1,651 locally assembled vehicles were sold in June, up from 1,120 units recorded in January 2026. The industry sold a total …

Nearly a decade after leasing out its Boeing 777-300ER fleet, Kenya Airways has returned one of the aircraft to service as it seeks to boost capacity, strengthen its long-haul operations and support growing passenger and cargo demand. The aircraft, registered 5Y-KZX, resumed commercial operations on July 17, 2026, operating flights …

Co-operative Bank has been ranked among Africa’s 25 strongest banks by capital for the first time, further cementing Kenya’s status as East Africa’s leading financial centre. The latest The Banker Top 1,000 World Banks survey placed three Kenyan lenders among the continent’s best-capitalised financial institutions. Co-operative Bank made its debut …

Kenya’s outstanding debt to the World Bank fell to Sh1.728 trillion in March 2026, down from Sh1.964 trillion recorded in both September and December 2025, according to data from the National Treasury. The figures show a gradual decline in the country’s obligations to the lender after the debt reached a …

Tuk tuk operators have demanded a public apology from Professor Makau Mutua after he referred to their vehicles as “pathetic contraptions,” warning that they will pursue legal action and organise peaceful nationwide protests if he fails to apologise within seven days. In a statement, the Tuk Tuk Operators Network (TTON) …

The Kenya Revenue Authority (KRA) has reinstated a tax amnesty programme that offers a 100 percent waiver on penalties, interest and fines for tax debts accumulated up to December 31, 2025, in a move aimed at easing taxpayers’ financial burden and improving tax compliance. The six-month initiative, introduced through the …

Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …