Kenya’s economy is projected to grow by 5.3% in 2025, signaling a rebound from the 4.6% contraction experienced in 2024. This projection is outlined in the 2025 Budget Policy Statement released by the National Treasury in Nairobi. The statement highlights the government’s strategies to stimulate recovery while fostering sustainable growth in key sectors. Economic Performance […]

The Energy and Petroleum Regulatory Authority (EPRA) of Kenya has announced a significant hike in fuel prices in its most recent review, with costs surpassing KES 200 per litre for the first time. The new prices, which took effect on January 15 and will remain valid until February 14, 2025, are poised to have widespread […]

Historic Agreement Signed in Abu Dhabi In a significant milestone for Middle Eastern and African economic relations, the UAE and Kenya signed a Comprehensive Economic Partnership Agreement (CEPA) in Abu Dhabi on January 15, 2025. The signing ceremony, held at Qasr Al Bahr, was attended by UAE President His Highness Sheikh Mohamed bin Zayed Al […]

President William Ruto embarked on a significant diplomatic mission to the United Arab Emirates (UAE) on Monday evening to attend the Abu Dhabi Sustainability Week (ADSW) Summit. The summit, a leading global platform for advancing sustainability initiatives, provides a venue for world leaders to explore actionable solutions for the global energy transition. Kenya’s Leadership in […]

Teleperformance, a global leader in digital business services, has announced the expansion of its operations in Kenya with the opening of a state-of-the-art center at the Two Rivers International Finance and Innovation Centre (TRIFIC). This strategic investment will create between 4,000 and 5,000 new jobs, solidifying Kenya’s position as a premier outsourcing destination in Africa. […]

Kenya has experienced a remarkable surge in tea export volumes and earnings, marking a significant milestone for the country’s agriculture sector. According to the Tea Board of Kenya (TBK), tea export volumes increased by 20.8% in the first ten months of 2024, compared to the same period in 2023. This growth was attributed to heightened […]

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. […]