Category: Economy&Finance
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President William Ruto and his Tanzania counterpart, Samia Suluhu. /PCS Kenyan entrepreneurs in Tanzania have received a reprieve after the Tanzanian government exempted them from a ban on 15 business activities reserved for locals. In a statement on Friday, October 3, the State Department of the East African Community confirmed that the exemption followed talks…
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Bird’s eye view of Kenyans during a past Standard Chartered Nairobi Marathon. /STANDARD CHARTERED The Standard Chartered Nairobi Marathon (SCNM) has hit a major milestone ahead of its 22nd edition, securing record sponsorship worth Ksh 233 million and filling all 30,000 runner slots weeks before the October 26 race. The marathon, which will be staged…
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Collage of US President Donald Trump and Kenya’s President William Ruto. /FILE Thousands of Kenyans employed in the apparel and textile industry can now relax after the U.S. government extended the African Growth and Opportunity Act (AGOA). AGOA is a trade pact between the United States and Sub-Saharan African nations that grants 32 countries duty-free…
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The East African Community is in the grip of financial distress due to failure by some partner states to honour their financial obligations. The Ministry of EAC and ASALs says there are “substantial” outstanding subscriptions by a number of partners states. This has constrained the community’s ability to implement programmes that benefit citizens, it adds.…
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NAIROBI, Kenya, October 4, 2025 – The Court of Appeal has ordered the Chandaria family and Guardian Bank to pay nearly KSh 2.5 billion to Shivali Investments Limited and associated parties. The ruling ends a legal battle that has dragged on for more than two decades. The conflict traces back to 1999, when Shivali Investments,…
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The construction of the Nairobi Greenpark Terminus Pedestrian Underpass at the busy Haile Selassie–Uhuru Highway roundabout is almost complete, with progress now at 97 percent. On Thursday, 2nd October 2025, members of the National Assembly’s Departmental Committee on Transport and Infrastructure toured the site and lauded the project as a game-changer in decongesting the capital.…
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We spoke with farmers, traders, middlemen, farmer associations and co-operatives, processors and exporters and observed the avocado trade. We found that avocados are damaged because brokers and transporters routinely jump on sacks to compress them for transport, or use their feet to spread them. This is because of the misperception that unripe fruit is “as…
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The latest trade figures between the UK and Somalia reveal a rapidly evolving relationship marked by both promising growth and a clear need for greater balance. While the headline numbers indicate a significant strengthening of commercial ties, a deeper look reveals a dynamic that presents both immense opportunities and shared challenges for both nations.According to…
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President Ruto has announced there will be no more tax waivers for Kenyans due to pressing development needs. Ruto, who is seeking to expand annual revenue collections as part of the efforts to tame ballooning public debt, said other alternatives should be considered before waiver requests. “We all must pay taxes, including myself…Tax waivers won’t…
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US government extends AGOA deal by one year, President Ruto confirms Thousands of Kenyans who work in the apparel and textile sector can breathe a sigh of relief after the United States government extended the African Growth and Opportunity Act (AGOA) deal. AGOA is a trade agreement between the United States and Sub-Saharan African Countries. It…