In a significant boost for regional integration and economic growth, Kenya and Somalia are on the verge of finalizing a trade facilitation agreement designed to eliminate irregular non-tariff barriers and streamline commerce between the two neighboring countries. This landmark Memorandum of Understanding (MoU) is expected to not only bolster trade relations but also contribute to […]
In a bold move to transform Kenya’s transport infrastructure and stimulate regional economic growth, President William Ruto has officially launched the Ksh10 billion Kwa Jomvu-Mariakani Road. Spanning 30 kilometers between Mombasa and Kilifi counties, the project is poised to ease traffic congestion, improve connectivity, and enhance the operational efficiency of the Port of Mombasa. The […]
In a major boost to Kenya’s rural electrification drive, President William Ruto has officially launched the Sh1.4 billion Last Mile Phase IV Connectivity Project in Kwale County. The ambitious initiative, aimed at connecting over 12,700 households to the national electricity grid, is expected to transform the lives of thousands of Kenyans by unlocking significant economic […]
A recent report by Elite Mawu Agency has found that inadequate branding is costing Kenyan SMEs as much as 60% of their potential revenue. The report, titled the Kenya Branding Report Card 2025, paints a concerning picture of the challenges faced by businesses in diverse sectors—including fast-moving consumer goods, manufacturing, real estate, logistics, agriculture, and […]
In a significant development amid ongoing challenges in Kenya’s healthcare financing, the Rural and Urban Private Hospitals Association (RUPHA) has issued clear guidelines to ensure that patients enrolled under the Social Health Authority (SHA) scheme continue to receive essential medical treatment. The announcement, made at a press conference on Sunday, comes as private hospitals brace […]
In a decisive step aimed at boosting fiscal discipline and stimulating economic activity, Kenya’s Pending Bills Verification Committee has approved the payout of Ksh 236 billion from the more than Ksh 600 billion inherited by the Kenya Kwanza administration. Principal Secretary for the National Treasury and Economic Planning, Chris Kiptoo, announced the approval during his […]
In a recent development that has stirred significant discussion among economists and policymakers, Kenya’s National Treasury and Economic Planning headquarters announced that the government exceeded its recurrent budget target for the fiscal year 2024/25 by KSh193 billion. The government’s recurrent expenditure reached KSh1.5 trillion by December 2024—well above the originally targeted KSh1.29 trillion. This performance, […]
Kenya’s economy faces fresh concerns following the latest Kenya National Bureau of Statistics (KNBS) Economic Indicators Report for December 2024, which revealed a sharp decline in tea and coffee exports. These two commodities are among Kenya’s top foreign exchange earners, contributing significantly to the country’s revenue. The decline in their export volumes raises serious questions […]
The Kenya Power and Lighting Company (KPLC) has recorded a historic peak in electricity demand, reaching 2,316 megawatts (MW) on Wednesday, February 12, 2025. This milestone marks a steady rise in power consumption, driven by industrial growth, infrastructure expansion, and increasing household connections. According to KPLC’s National Control Centre, peak electricity demand has been on […]
In a strategic move to manage its fiscal responsibilities, Kenya has announced the deferral of Sh88.1 billion in funding from the International Monetary Fund (IMF) to the next financial year. This decision comes as the National Treasury initiates discussions for a new financing programme to succeed the current arrangement set to expire in April. The […]
In a landmark event that underscores the deepening economic ties between Kenya and China, the Kenya National Chamber of Commerce...
In a move that has sent shockwaves through global markets and reignited simmering trade tensions, U.S. President Donald Trump announced...
In a bold move to fortify its foreign exchange reserves and stabilize the depreciating Tanzanian shilling, the country’s mining regulator...
In a major boost to its healthcare infrastructure, Kenya has secured a generous grant of Ksh 1.8 billion (approximately RMB...