Serrari Group

Kenya’s Mitumba Sector: A Multi-Billion Shilling Engine for Growth

Kenya’s fashion landscape is undergoing a paradigm shift—one that reconciles the vibrant trade in second-hand clothing, known locally as Mitumba, with a burgeoning domestic apparel manufacturing industry. A landmark report released on 15 May 2025 by the Mitumba Consortium Association of Kenya (MCAK) titled “A Future Look at the Apparel and Footwear Industry in Kenya […]

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KenGen to Build KSh 17 Billion Green Hydrogen Plant with German Support to Power Fertilizer Production

Kenya Electricity Generating Company (KenGen), the country’s leading power producer, has announced plans to develop a KSh 17 billion (approximately USD 132 million) 100 MW green hydrogen facility at its Olkaria geothermal complex in Naivasha. Funded through concessional finance from the German government, the project marks Kenya’s first large-scale foray into renewable hydrogen, a zero-carbon […]

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Kenyan Aviation Soars: New IATA Report Highlights Ksh425 Billion Economic Contribution

A groundbreaking “Value of Air Transport” study recently unveiled by the International Air Transport Association (IATA) has illuminated the profound and multifaceted economic impact of the aviation sector within Kenya. The comprehensive report reveals that in the year 2023, aviation facilitated a staggering Ksh 425 billion (equivalent to USD 3.3 billion) in economic activity across […]

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Absa Bank Relaunches Custody Business in Kenya Amidst Burgeoning Pension Sector

Absa Bank Kenya Expands Institutional Service Offering with Custody Relaunch Absa Bank Kenya has officially announced the relaunch of its custody services within the Kenyan financial market, marking a significant expansion of its institutional service offerings. This strategic move positions Kenya as the third market in Absa’s portfolio to host this crucial business line, following […]

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Kenya Embarks on Comprehensive Industrial Mapping Exercise in Nairobi to Catalyze Sector Growth and Policy Formulation

In a decisive move aimed at revitalizing and strategically bolstering its manufacturing sector, the Kenyan government has officially launched an extensive industrial mapping and geo-location exercise specifically targeting Nairobi County, the nation’s capital and a significant industrial hub. This ambitious initiative is designed to generate comprehensive and granular data on the county’s industrial landscape, which […]

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Kenya to Deduct SHA Contributions Directly via National Treasury

In a bid to shore up Kenya’s fledgling Social Health Authority (SHA) and ensure timely remittance of contributions, Health Cabinet Secretary Aden Duale announced plans to have all civil servants’ SHA dues deducted directly by the National Treasury. The move comes after widespread reports of frontline health workers being denied care despite payroll deductions, and […]

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UAE and Kenya Ink Strategic MoUs to Deepen Bilateral Cooperation

In a landmark gathering on May 9, 2025, President William Ruto of Kenya hosted H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), in Nairobi. The two leaders reaffirmed a relationship that stretches back decades—hatched in historic trade caravans and bolstered by modern investments—and elevated it […]

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Kenya’s Diaspora Remittances Climb 14% to Sh674.1 Billion in 2024

Kenya’s economy experienced an encouraging surge in 2024 as diaspora remittances rose by an impressive 14%, reaching Sh674.1 billion. This rise has confirmed the growing importance of remittances as one of the country’s most reliable sources of foreign exchange, outpacing other key sectors such as tourism, tea exports, and horticulture. This trend is not only […]

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Kenya Set to Surpass Ethiopia as East Africa’s Largest Economy by 2025, IMF Projects

Kenya is on track to become East Africa’s largest economy in 2025, overtaking long‑time regional leader Ethiopia, according to the latest International Monetary Fund projections. While Ethiopia’s GDP is forecast at about $117 billion next year, Kenya’s output is expected to reach roughly $132 billion. This shift reflects contrasting policy decisions, financing strategies and economic resilience in two of […]

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Kenya Faces Looming Sugar Shortage Amid Production Decline and Rising Imports

A fresh warning from the United States Department of Agriculture’s Foreign Agricultural Service has cast a spotlight on Kenya’s sugar sector, predicting a sharp 19.8 percent drop in domestic sugar output for the 2025/2026 marketing year. Production is forecast to fall from 810,000 metric tonnes in 2024/2025 to just 650,000 metric tonnes, due to shrinking cane acreage, aging […]

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