German Vice Chancellor and Minister of Economic Affairs, Robert Habeck, has highlighted significant opportunities for German investments in Kenya’s energy sector, particularly in renewable energy. His visit to Kenya, as part of the German African Business Summit (GABS), underscores the growing interest in enhancing economic partnerships between Germany and Africa. Habeck’s remarks, delivered during a […]

Prime Cabinet Secretary Musalia Mudavadi recently emphasized the significant role played by the Kenyan diaspora in the United Arab Emirates (UAE), with over 30,000 Kenyans currently living and working there. Speaking during the 53rd National Day celebrations of the UAE held in Nairobi, Mudavadi highlighted the deepening partnership between Kenya and the UAE, noting its […]

Kenya is poised to witness a transformative leap in its economic landscape as Artificial Intelligence (AI) becomes an increasingly integral part of its digital economy. According to a report by Public First titled Digital Opportunity of Kenya, AI has the potential to contribute $2.4 billion to the country’s economy by 2030. This projection underscores the […]

In a move aimed at easing the financial strain on businesses and residents, the County Government of Makueni has unveiled a series of tax reforms and relief measures. These initiatives, announced by Governor Mutula Kilonzo Jr. on Thursday, November 28, promise to bring significant economic benefits to traders, motorists, and other stakeholders within the county. […]

Overview of the Proposed Law The Kenyan banking sector faces significant upheaval following a proposed law to increase the minimum core capital requirement for banks from Ksh. 1 billion to Ksh. 10 billion. The proposal, tabled during discussions before the National Assembly’s Finance Committee, could result in the closure of 24 banks and put the […]

Ride-hailing app Uber Kenya has significantly influenced the country’s economy, contributing an estimated KSh 14 billion in 2023, according to its first Economic Impact Report. Launched on November 26, 2024, at the Fairmont Norfolk Hotel in Nairobi, the report details Uber’s contributions to job creation, income generation, tourism, and more. Compiled by Public First, a […]

President William Ruto has established a high-level Economic Partnership Agreement (EPA) Council to oversee the implementation of Kenya’s landmark trade deal with the European Union (EU). This move marks a significant step in deepening economic ties between Kenya and the EU, creating new opportunities for trade, investment, and sustainable development. Leadership of the EPA Council […]

Investment in advanced technology by Kwale International Sugar Company (KISCOL) has rejuvenated sugarcane farming in Kenya’s coastal region, bringing hope to over 1,500 outgrowers. This development has not only extended the sugarcane crushing season but has also aligned with the government’s long-term goals for food security and economic growth in the agricultural sector. Revitalization through […]

Kenyan President William Ruto has hailed his administration’s achievements in stabilizing the economy, citing a significant reduction in inflation as one of the highlights of his two-year tenure. Inflation dropped from 9.6% in September 2022 to 2.7% in October 2024, the lowest rate recorded in the country in 17 years. During his State of the […]