Scrap metal dealers, county officials partner on city cleanup

Key issues discussed in the meeting included licensing for the scrap dealers and vandalism, according to a statement released after the event.

By 2 days ago

State's bid to reserve tenders below Sh3b for local firms

Local businesses will be able to benefit from government tenders up to Sh3 billion even as the State is keen not accumulate further debts owed to enterprises.

By 3 days ago

BAT raises alarm over illicit cigarettes in the market, says vice costing exchequer Sh9b annually

The findings also show growth in the number of illicit cigarettes sold, with the market in Kenya moving from 27 per cent just a year ago to the current unprecedented 37 per cent.

By 4 days ago

Auditors want Finance Bill 2025 clauses to have revenue targets

Say the country tends to project revenues blindly without a strategy on how to collect more. Say, Finance Bill 2025 seeks to wipe out incentives enjoyed by investors through tax expenditures.

By 4 days ago

Premium

Business leaders warn taxes on inputs impede local production

The captains of industry say the country’s competitiveness has been eroded due to numerous taxes on raw materials.

By 5 days ago

Regulators push for recognition of insurance policies across EAC

Regulatory bodies of insurance services in the region have revived talks on mutual recognition of polices across the East African Community markets.

By 5 days ago

Premium

Why experts are against the use of burnt building bricks

Experts are advising against using burnt bricks for construction and instead pushing for using more environmentally friendly alternatives, such as cement blocks and stabilised soil blocks.

By 9 days ago

How Mitumba, local textile firms can co-exist side by side

Establishing standards for imported second-hand clothes and those manufactured locally is one of the ways players in the Mitumba sector believe will allow these two industries to co-exist.

By 10 days ago

Premium

Will huge capital investments hurt private consumption?

In an economy with declining consumer purchasing power, the government's focus on capital build-up appears to stray from the previously championed Bottom-up Economic Transformation Agenda.

By 11 days ago

State agency wants development financing aligned to AfCFTA

The Kenya Development Corporation (KDC) has called for alignment of development financing with the African Continental Free Trade Area

By 10 days ago

State's Sh7b plan to increase LPG usage

The government is banking on public institutions to increase the amount of cooking gas consumed in the country to 10kg per capita in line with the National Liquified Petroleum Gas Enhancement Project.

By 11 days ago

Trump aid cuts: Expats' exodus leaves leafy suburb developers in limbo

USAID is a major funder of NGOs in the country, according to 2023 figures, with its budget for programmes in Kenya standing at $435 million (Sh56.6 billion).

By 16 days ago

Boost as agency proposes halving consignment fee for local exporters

KenTrade has proposed to slash the $10 (Sh1,300) Unique Consignment Reference (UCR) fee by half to increase cross-border trade.

By 17 days ago

Premium

Inside State's Sh3.7b fresh plan to revamp MSMEs sector

The government wants to harmonise government fees, taxes, and levies affecting these businesses with the aim of promoting targeted fiscal and business incentives for MSMEs.

By 17 days ago

State agencies pressed to raise revenue to balance 'softer' Finance Bill

With a ‘softer’ Finance Bill, 2025 on the table to avoid protests that led to the scrapping of Finance Bill, 2024, Ruto’s administration has placed a special focus on non-tax revenue.

By 18 days ago

State's Sh125b headache over titanium dip

The depletion of commercially viable titanium ore reserves in Kwale County now threatens the government’s ambitious plans in the mining sector.

By 18 days ago

HF Group first quarter profit more than doubles to Sh327 million

Local lender HF Group more than doubled its first quarter 2025 profit before tax to reach Sh327 million, up from Sh150 million last year.

By 17 days ago

Kenya to benefit from Sh13.7b UK investment

Kenya is set to benefit from a Sh13.7 billion investment from the United Kingdom courtesy of British International Investment (BII) and Standard Chartered Bank.

By 22 days ago

KCB Bank and Superior Homes pen deal to offer flexible mortgages

Property developer Superior Homes Kenya has signed a Memorandum of Understanding (MoU) with KCB Bank Kenya to provide customised mortgage products to prospective home owners. 

By 23 days ago

Oparanya suspends Saccos registration pending review

The government has suspended registration of new Saccos pending recommendations from a five-member expert committee tasked with reviewing the sector.

By 23 days ago

Premium

'Race for the skies' shifts to smart buildings

Like bodybuilders flexing their muscles on stage, exaggerating their looks by smearing themselves with oil, the biggest flex in real estate has always been about who builds the tallest skyscraper.

By 23 days ago

Premium

Inside State's plan to power 2.3m additional households by 2027

The government has unveiled an ambitious plan to connect 2.3 million more households to electricity by 2027 as it seeks to increase electrification to 95 per cent.

By 23 days ago

Premium

Why 2024 was a good year for dairy and cottonseed farmers

For dairy, cottonseed, and wheat farmers, 2024 was a great year.They smiled all the way to the bank after these products recorded a double digit jump in prices.

By 24 days ago

Family Bank reveals plan to list on NSE, regional expansion

Family Bank has unveiled a plan to list on the Nairobi Stock Exchange (NSE) next year as it eyes to be a tier one financial institution by 2029.

By 23 days ago

Premium

Questions over reliance on services sector amid shrinking manufacturing

Data shows the country’s economy is now heavily relying on services, away from the traditionally known sectors such as construction, agriculture and manufacturing to grow.

By 25 days ago

State eyes Sh145b investments in oil, gas exploration by 2027

This will be a growth of Sh144.4 billion when compared to the baseline value of investments in 2023 that stands at Sh915 million.

By 25 days ago

Strict EU protocols cut Kenya's fresh vegetables exports by half

Value of fresh vegetables dropped from Sh50.9 billion to Sh23.4 billion due to interceptions by destination markets.

By 26 days ago

Kakuzi outlines growth plans to boost earnings

The firm also plans to nearly double avocado production and exports from three million to five million four-kilo equivalent cartons.

By 29 days ago

Private firm to inject Sh12.3b to revive sugar factories

Of the four sugar factories, Nzoia Sugar Company leased to West Kenya Sugar Company will need the most capital injection at Sh5.8 billion.

By 29 days ago

Premium

Kenya's wealthy cut investments in commercial property sector

Kenya’s super-rich are cutting back on the billions of shillings spent on commercial property.

By 30 days ago

Varsities urged to help bridge knowledge gap in textile sector

Institutions of higher learning accused of not doing enough to facilitate research to help revive the industry. Two-day sustainability workshop seeks to create synergy between industry and academia.

By 30 days ago

Financiers push for tailor-made solutions for 'high-risk' SMEs

Shaka Kariuki, the chief executive of Kuramo Capital, is quick to dispel the claim that small businesses are high-risk to trade with.

By 1 month ago

Premium

Self-made billionaires on the rise: Report

The report released showed that a majority of the super-rich attributed inheritance to 30 to 40 per cent of their wealth.

By 1 month ago

State ropes in medium-sized firms in new policy changes

The government has included medium-sized enterprises in the new policy in works for small businesses.

By 1 month ago

Premium

Why Kenya lost Sh7 billion in exports to EAC

Stronger economic growth in other EAC countries is slowly edging out Kenya as the gateway of goods to the rest of the region, the latest report by the government statistician shows.

By 1 month ago

Review of infrastructure, taxes and incentives to boost adoption of EVs

Kenya power is already working with the Kenya Industrial and Research Development Institute on the possibility of coming up with a battery assembly plant.

By 1 month ago

Camel meat consumption up 30pc - KNBS

The Kenya National Bureau of Statistics report shows an increase of 29.9 per cent in the number of camels slaughtered in 2024.

By 1 month ago

Premium

Malaysia to move palm oil business head office to Nairobi

Malaysia will be moving its palm oil business headquarters from South Africa to Kenya as the country looks to position Nairobi as its base for re-exports to the rest of the Sub-Saharan region.

By 1 month ago

Clinker imports dip 93pc as construction sector growth slows

According to the 2025 Economic Survey, the amount of clinker imported stood at 10.3 million tonnes compared to 148 million tonnes in 2023.

By 1 month ago

Treasury plans to clear verified pending bills as new accounting system beckons

Treasury to settle verified outstanding bills ahead of new accounting system rollout.

By 1 month ago