Category: Economy&Finance
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File image of the Mukuru Affordable Housing project. Since 2022, the programme has already delivered 3,171 completed units in Mombasa (584 units), Nakuru (605 units), Mukuru (1,080 units) and Homa Bay (110 units) and 792 units for disciplined forces. President William Ruto has hailed Kenyans for taking ownership of the Affordable Housing Programme, which has…
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Fundraising slowed across Africa’s start-up ecosystem in August, but the overall outlook for 2025 remains bullish, with year-to-date totals already outpacing 2024. According to industry trackers Africa: The Big Deal, 33 start-ups secured a combined $93m (KSh 12.1bn) through deals of $100,000 (KSh 13m) and above, excluding exits. While this made August the second quietest…
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Tesla boss Elon Musk has lost his long-held crown as the world’s richest individual. Oracle co-founder Larry Ellison now sits at the top of the global wealth rankings, following a record-breaking surge in Oracle’s share price. According to Bloomberg, Ellison’s net worth climbed to an estimated $393 billion on 10 September, briefly topping $400 billion…
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PHOTO/COURTESY STATE DEPARTMENT FOR FORESTRY KENYA (X) The Mwache Multipurpose Dam Project in Kwale County is taking shape as a flagship initiative to improve water security, restore degraded landscapes, and create green jobs for local communities. On Wednesday, Principal Secretary for Forestry Mr. Gitonga Mugambi joined PS Julius Korir (Water and Sanitation), PS Ephantus Kimotho…
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The Kenya Revenue Authority (KRA) has announced new leadership appointments aimed at strengthening institutional capacity and improving service delivery. In a statement issued Thursday, KRA confirmed the appointment of Nancy Ng’etich as Commissioner for the Shared Services Department. Ng’etich, who has been serving in the role in an acting capacity since February 2023, has spearheaded…
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Last Updated on 1 minute by Agencies for Kenya Online News Nairobi, Kenya, September 10, 2025 — Kenya loses up to 40% of the food it produces each year—around 9 million tons of food worth KES 72 billion (approximately US$578 million)—even as one in four citizens struggles daily to find enough to eat. This is enough to fill approximately…
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The government has revived its subsidised gas cylinder distribution programme, seven years after a similar initiative collapsed. In a public advertisement published in the September 9 edition of MyGov, the Ministry of Energy and Petroleum, through the State Department for Petroleum, invited credible companies to submit Expressions of Interest (EOI) for financing, purchasing, and distributing…
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Immigration and Citizen Services Principal Secretary Dr. Belio Kipsang has outlined how Kenya’s e-Citizen platform operates, revealing that three companies were competitively contracted to maintain the government’s flagship digital service delivery system. In a TV interview, PS Kipsang defended the selection, emphasizing that the firms were chosen through a proper procurement process and possess the…
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Kenya is set to host the Kenya Micronutrient Fortification Index (KMFI) Awards 2025 to recognise food millers excelling in fortifying staple foods such as wheat flour, maize flour and edible oils. The event, organised by Millers for Nutrition (M4N) in partnership with the Cereal Millers Association (CMA), is scheduled for September 16 in Nairobi. It…
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Gakuyo Real Estate, the Infamous Kenyan real estate company, is back but under a new name. Reports indicate the company associated with controversial clergyman Bishop David Kariuki Ngari alias Gakuyo of Calvary Chosen Centre has rebranded and changed its name to New Gakuyo Real Estate. The rebranded company is said to be selling plots situated at…