Serrari Group

Treasury Audit Clears KSh 230 Billion, Declares KSh 270 Billion Pending Bills Invalid

In a major shake-up for Kenya’s supplier community, the National Treasury has declared Sh270 billion of pending government bills ineligible for payment, according to a statement by Treasury Principal Secretary Chris Kiptoo. A special audit committee, chaired by former Auditor General Edward Ouko, vetted Sh665 billion in outstanding claims and cleared just Sh230 billion as […]

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President Ruto Delivers 1,080 Homes in Mukuru’s Affordable Housing Milestone

Introduction Today, President William Ruto is set to hand over 1,080 housing units to beneficiaries of the Mukuru Affordable Housing Project in Embakasi South, Nairobi. Spanning 56 acres, Mukuru stands as Kenya’s largest affordable housing development to date, ultimately delivering 13,248 homes across multiple phases (The Star). This milestone forms part of the Government’s Affordable […]

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EU’s Tightened Pesticide and Pest Rules Halve Kenya’s Fresh Vegetable Exports

Introduction Kenya’s vibrant horticulture sector, long celebrated for supplying Europe with beans, peas, and an array of fresh produce, faced a dramatic setback in 2024 when the European Union’s (EU) tightened pesticide and phytosanitary protocols slashed export volumes by over 50 percent. According to the 2025 Economic Survey published by the Kenya National Bureau of […]

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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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