Category: Economy&Finance
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Nandi Senator Samson Cherargei. (Photo: File) The long-running land rates dispute between Kajiado County and Tata Chemicals Magadi Limited dominated a Senate watchdog session, with lawmakers demanding accountability over more than Sh10.5 billion owed by the multinational. Senators also questioned why the county continues to post low revenues despite its vast potential. The Senate County…
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The National Treasury. (Photo: File) The National Treasury is facing scrutiny over outstanding payments to media houses totalling approximately Sh864 million, a delay that has disrupted their operations. On Thursday, the National Assembly Committee on Communication, Information and Innovation raised concerns about the lack of a clear plan to settle the debt. The committee expressed…
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A rice expert guides a local rice farmer on how to transplant seedlings in the rice fields in Huye District, Rwanda, August 14, 2024. /Xinhua In February 2021, China made a historic declaration: it had achieved the daunting task of eliminating absolute poverty under its current standards. Nearly 99 million rural residents who once lived…
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President William Ruto and his Chinese counterpart Xi Jinping./FILE The 21st Century global economy is increasingly driven by technical skills and technological proficiency. For developing nations like Kenya, with a burgeoning youth population and ambitious development goals under the Vision 2030 blueprint, bridging the gap between education and employability is not just an aspiration but…
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Collage of President Donald Trump (L) and President William Ruto. PHOTO/White House/PCS Kenya’s United Aryan factory will lay off 1,000 workers after the African Growth and Opportunity Act (AGOA) expires on September 30. The factory, which produces Wrangler and Levi’s jeans for the US market, is set to face import duties of 33 percent, up…
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UFAA CEO Laban Molonko. Photo/ Molonko National Treasury Cabinet Secretary John Mbadi has appointed a new Chief Executive Officer (CEO) for the Unclaimed Financial Assets Authority (UFAA). In a notice dated September 23, Mbadi appointed CPA Laban Molonko as the new CEO of the State agency. Molonko takes over from Caroline Chirchir, who has been…
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President William Ruto rings the bell at NSE during a past event. PHOTO/PCS. Three Kenyan companies, Tecof Limited, Mt. Kenya Tea Factory Company Limited, and Njeru Industries Limited have been placed under administration. The companies now join a growing list of firms turning to Kenya’s insolvency framework as financial distress intensifies across industries. In a…
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CAK Director General David Kibet (1st from left) at a past event. Photo/ CAK The Competition Authority of Kenya (CAK) has approved a series of mergers and acquisitions involving various companies. In a Gazette Notice dated September 26, 2025, the Authority announced the authorization of five major transactions involving the transfer of ownership or control…
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Edward Kirathe, Chief Executive Officer, Acorn Holdings Limited during the official opening of Qwetu Aberdare Heights student accommodation. PHOTO/NMG Billionaire Edward Kirathe has built a reputation as one of Kenya’s most influential real estate executives, founding Acorn Holdings Ltd. Edward has built Acorn Holdings into uncharted territory with innovations that have redefined urban housing. With…
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My name is Daniel, and I come from Mwanza, Tanzania. Life has not always been easy for me. I grew up in a humble family where getting school fees was already a challenge. After completing school, I wanted to change my life by starting a business. I believed that hard work alone would bring success,…