Category: Economy&Finance
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Equity Bank building. PHOTO/Equity Bank. Kenya’s Equity Bank is preparing to expand into Ethiopia’s financial market after the country’s government opened the sector to foreign investors. Equity Bank Chief Executive, Dr. James Mwangi, met officials from the Ethiopian Investment Commission (EIC) in Addis Ababa on Friday, September 12, to discuss conditions for the bank’s entry,…
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Photo of Nairobi Upperhill Hotel. PHOTO/Nairobi Upperhill Hotel Since the start of 2025, several companies in Kenya have shut down, citing a tough economic environment marked by the high cost of living, rising taxes, and mounting debts. The hospitality sector has faced significant challenges, including rising non-performing loans, intense competition from short-term rentals like Airbnb,…
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A total of 9 million Kenyans have defaulted on loans from the Hustler Fund, which currently has 26.5 million registered members since its inception three years ago. The Principal Secretary, State Department of Micro, Small and Medium Enterprises Development, Susan Mang’eni, says the total default amount has dropped slightly to Ksh.5 billion, down from Ksh.6 billion.…
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Agriculture Cabinet Secretary Mutahi Kagwe. Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe says Kenya is set for a historic maize harvest of 70 million (90kg) bags in 2025, up from 67 million in 2024 and more than double the 34.3 million bags recorded in 2022. Speaking on Friday, the CS also announced plans to…
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Kenya’s stock market has been full of surprises lately. As of September 2025, several equities listed on the Nairobi Securities Exchange (NSE) have stood out for delivering exceptional performance. Whether driven by strong fundamentals, favorable macroeconomic conditions, or investor sentiment, these stocks are turning heads. In this article, we explore the top-performing Kenyan stocks right…
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Buying land is one of the most significant investments you can make in Kenya. Whether it’s for building a home, farming, or future resale, owning land is often seen as a sign of success and security. However, Kenya’s land sector is riddled with challenges — fraud, double allocations, and illegal grabbing are still common. One…
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Govt Declares 9 Million Hustler Fund Defaulters Criminals, Says They Won’t Access SHA Lipa Pole Pole
CHECK OUT: Discover How to Work with Brands, Earn from Affiliate Links, and Tap into Ad Revenue — Because Your Content Deserves to Pay Off Didacus Malowa, a journalist at TUKO.co.ke, brings over three years of experience covering politics and current affairs in Kenya. The government has declared that 9 million Kenyans who have defaulted…
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My name is Daniel Mugisha, a shop owner from Mbarara, Uganda. Like many young people, I dreamed of running a successful business that would give me financial freedom. After saving for years, I finally opened a small retail shop in town. At first, I was excited and motivated, but soon things started going badly. Customers…
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Peter Mutunga, a 43-year-old carpenter from Nairobi, had lived a life marked by struggle. In the crowded slums where he stayed with his wife and two children, every day was a battle to provide. Long hours at his small carpentry workshop left him exhausted, yet the little he earned barely met their most basic needs.…
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A director of Oki Trading Kenya Limited (OTKL) struggled to explain how the company allegedly lost KSh356 million at the hands of a former employee. Testifying in court, Deepak Rajoria said the money was siphoned from the firm between 2021 and 2024 by a former director. However, during cross-examination, defence lawyer Nector Maloba pressed him…