Category: Economy&Finance
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Anastacia Wamuyu, a matatu driver in Nairobi. PHOTO/COURTESY Anastacia Wamuyu is among the few female matatu drivers navigating the chaotic Nairobi matatu industry. She drives a 14-seater matatu, plying the Nairobi CBD-Waiyaki Way route. Before venturing into the industry, Wamuyu, a marketing and tourism graduate, had worked as a taxi driver. “I was a housewife…
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Liu Gaoqiong (L), a professor of Horticulture from Nanjing Agricultural University, also a visiting professor at Egerton University, gives guidance to Mary Mwangi, a local farmer, on the field management of grafted tomatoes at a tomato farm in Nakuru County. PHOTO/COURTESY With the growing demand for tomatoes and increasing pressures from pests, diseases, and climate…
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a woman driving a car on the toll road. Photo: Adult Stock photos by Vecteezy A Kenyan man has narrated how he purchased his first car at 23, just immediately after campus. As per his narration on the Money254 platform, the unidentified man revealed that owning a car was his first life goal, given the…
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Access to credit is one of the challenges affecting women-led businesses in Kenya. According to the Kenya National Chamber of Commerce and Industry (KNCCI), only 26.3 percent of women-led MSMEs in Kenya are able to access formal financial services. Most women-owned businesses operate informally and are thus excluded from mainstream financial services due to lack…
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Francis Eli Mulekya, founder Prestige Industrial Services Limited. PHOTO/ELI “A business that makes nothing but money is a poor business.’’ This quote by Henry Ford suggests that a business’s true success goes beyond financial profit and should encompass a strong mission, positive impact, and purpose beyond mere financial gain. This approach fits perfectly with the…
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The government has reported notable gains in key sectors under the Bottom-Up Economic Transformation Agenda (BETA). In a statement from Harambee House Annex on Monday, Government Spokesperson Isaac Mwaura outlined several areas that have reportedly directly transformed the livelihoods of wananchi. In agriculture, he said the price of maize flour has fallen by 34 percent,…
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Kenya is preparing a major shake-up of its postal and courier sector, introducing a new market landscape and a steep rise in the cost of licenses to try and update the industry and boost competition. The Communications Authority of Kenya (CA) unveiled the reforms on Tuesday, September 16 saying they align with the Kenya Information and…
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Controller Of Budget Margaret Nyakango has flagged irregular Ksh 51 Billion spending by Government on vehicles, state house renovation, and little spent on development NAIROBI, Kenya, Thursday, September 18, 2025 — Counties reduced their outstanding pending bills by three percent to Sh176.8 billion in the 2024/2025 financial year, down from Sh181.98 billion the previous year,…
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Kenya is still stuck in the colonial activity of exporting raw materials. This is soon changing as President William Ruto declared during the closing ceremony of the Kenya Industrialization Forum 2025. He said it is time for Kenya to flip and start adding value to what is available, manufacture products, and later on export the…
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Kenya has 39 licensed banks. Of these, 17 are classified as foreign-owned with 50% or more shareholding held by foreign interests. All the top commercial banks are listed on the Nairobi Stock Exchange. Three are majority government-owned while the rest are privately owned. Kenya’s banking sector is known for its dynamism. This is reflected in…