Kenya is poised to make history as the first African nation to synchronize its data protection infrastructure with the European Union, marking a significant stride in safeguarding digital assets. At the ninth Network of African Data Protection Authorities (NADPA-RAPDP) Annual General Meeting (AGM), European Deputy Ambassador Ondrej Simek commended Kenya’s proactive approach towards data security, […]

At the AmCham Business Summit in Nairobi, US Ambassador to Kenya, Meg Whitman, outlined key strategies to bolster Kenya’s economic standing within Africa. Whitman emphasized the potential of Kenya’s manufacturing sector to drive economic expansion, particularly in apparel exports to the US. To achieve this, she underscored the importance of revitalizing cotton farming and sustained […]

Kenya’s government, under President William Ruto’s leadership, is taking steps to scrap double taxation with Belarus. Spearheaded by the National Treasury, this initiative aims to streamline tax regulations, promoting a conducive environment for bilateral trade. The Double Taxation Agreement (DTA) focuses on income taxes and is currently open for public input, reflecting the government’s commitment […]

In the wake of devastating floods wreaking havoc across multiple regions in Kenya, the Ministry of Trade has stepped forward with a resolute pledge to aid businesses and industries grappling with the aftermath. Cabinet Secretary Rebecca Miano has voiced the government’s commitment to extending assistance to those affected, underscoring the severity of the situation which […]

The Nairobi Securities Exchange (NSE) witnessed an impressive growth spurt in market capitalization during Q1 2024, soaring to a substantial KSh 1.8 trillion, according to the latest Capital Markets Authority (CMA) report. This surge, representing a robust 22.79 percent increase from the previous quarter, highlights the intensified trading activities across the exchange. Notably, NSE equity […]

In a significant move towards strengthening economic relations, Kenya and Zimbabwe have recently signed a series of strategic agreements aimed at fostering trade, investment, and sectoral development. The Joint Permanent Commission on Cooperation (JPCC) meeting held in Harare, Zimbabwe, served as the platform for these crucial agreements, signaling a new chapter in the partnership between […]

Nairobi witnessed a pivotal moment as President William Ruto addressed the AMCHAM Business Summit, joined by key figures including United States Secretary of Commerce Gina Raimondo and Kenya’s Investment and Trade Cabinet Secretary Rebecca Miano. President Ruto emphasized Kenya’s commitment to facilitating trade and investment, showcasing the establishment of Special Economic Zones as a testament […]

Recent projections from the International Monetary Fund (IMF) indicate a notable shift in the economic landscape of sub-Saharan Africa, with Kenya positioned to overtake Angola and secure the fourth-largest economy status in the region. This forecast, extending until 2029, marks a significant milestone for Kenya, placing it behind economic powerhouses South Africa, Nigeria, and Ethiopia. […]

In a significant move towards sustainable transportation solutions, Kenya Power has announced a substantial investment of Ksh 258 million into electric vehicles (EVs) and associated charging infrastructure. The utility company has allocated Ksh 6.5 million to establish its second EV charging station at Stima Plaza, equipped with advanced technology to cater to the growing demand […]

In Kenya, economic growth has long been hailed as a beacon of progress, yet the latest insights from the World Bank’s Africa Pulse Report reveal a sobering reality: poverty remains entrenched despite strides in GDP expansion. While the period between 2005 and 2015 saw promising reductions in poverty and inequality, recent years have ushered in […]