Kenya’s economy expanded by 4% in the third quarter of 2024, marking a notable slowdown from the 6% growth recorded during the same period in 2023, as per the latest data released by the Kenya National Bureau of Statistics (KNBS). The downturn highlights the mounting challenges faced by key sectors, such as construction and mining, […]

President William Ruto has announced significant progress in stabilizing Kenya’s economy, positioning the country to focus on transformative development projects. Speaking at the Kerio Valley Interdenominational Prayer Service in Tot, Elgeyo-Marakwet County, the President reflected on the challenges faced over the past two years and outlined his administration’s plans to address them. The President emphasized […]

Aquaculture, the fastest-growing segment of the global food system, now produces more than half of the world’s fish. In Kenya, smallholder fish farmers are receiving targeted training to boost productivity, manage diseases, and improve biosecurity practices. Spearheaded by a collaboration among Cornell University’s College of Veterinary Medicine, the Kenya Marine and Fisheries Research Institute (KMFRI), […]

Chinese companies in Kenya have emerged as key players in driving economic growth, infrastructure development, and employment opportunities. The Kenya China Economic and Trade Association (KCETA) recently revealed in its fourth Social Responsibility Report for 2022-2023 that over 60,000 Kenyans were employed by Chinese firms during this period, achieving a localization ratio exceeding 90 percent. […]

In a strategic move to solidify Nairobi’s position as a leading multilateral hub in Africa, the Kenyan government has introduced new work permits under the Kenya Citizenship and Immigration (Amendment) Regulations, 2024. Announced via gazette notice on Monday, these amendments are set to modernize and streamline work permit regulations to attract international organizations, diplomats, and […]

In a significant milestone for regional cooperation, Tanzania and Kenya have eliminated 50 trade barriers over the past four years, signaling improved economic relations and enhanced business opportunities between the two East African neighbors. The progress, achieved under the leadership of Tanzania’s President Samia Suluhu Hassan, underscores the deepening partnership between the two nations, moving […]

The Kenya Electricity Transmission Company (KETRACO) has achieved a significant milestone with the completion and energisation of the 400kV Kenya-Tanzania transmission line. This interconnector spans 510 kilometers, linking Kenya’s Isinya substation to Tanzania’s Singida substation, thereby integrating the power grids of both nations. The development marks a major step forward for regional energy cooperation and […]

President William Ruto has announced that the Hustler Fund, a flagship initiative of his administration, has successfully lent Kenyans Ksh60 billion over the past two years. Speaking during the 2024 Jamhuri Day celebrations at Uhuru Gardens in Nairobi, Ruto lauded the program as a transformative force for millions of Kenyans, providing financial empowerment and steering […]

In a move aimed at easing the cost of doing business and addressing stakeholder concerns, the Kenya Plant Health Inspectorate Service (Kephis) has suspended the implementation of new levies on imports and exports until March 2025. The suspension comes after significant backlash from traders who argued that the additional costs would harm their operations and […]

The Kenyan government, under President William Ruto’s administration, has announced transformative changes to the Hustler Fund, a flagship program aimed at empowering low-income earners and small-scale entrepreneurs. The adjustments are intended to expand credit accessibility for borrowers who demonstrate timely repayment behavior and to integrate more Kenyans into the formal financial sector. Creation of a […]