Category: Economy&Finance


  • Fitch: Kenya’s Budget Deficit to Hit 5.2% of GDP

    Treasury CS John Mbadi. [Photo/@KeTreasury/X] Kenya faces a challenging fiscal outlook for the 2025/26 financial year, with global credit rating agency Fitch projecting a budget deficit of 5.2 per cent of Gross Domestic Product (GDP). This figure is significantly above the government’s target, reflecting ongoing pressures on the country’s finances. In its latest report, Fitch…

  • Kenya’s Economy, Severely Injured by July Chaos, Limping Towards Recovery

    Business has been tough for companies especially those in agriculture, construction and services. Kenya’s economy is showing signs of pulling out from July’s public protests disruptions that saw closure of businesses and destruction of property in Nairobi and other major urban centres. However, this recovery is still somewhat weak as shown by the Stanbic Bank…

  • Kenya Re Shrugs Off Negative Sentiment From CEO Suspension

    Kenya MD Dr Hillary Maina Wachinga has been suspended pending investigations. Kenya Re-Insurance Corporation (KNRE), with a market capitalization of KSh 18.4 billion, was on Tuesday one of the top price gainers when the trading session ended at the Nairobi Securities Exchange (NSE). This performance comes as investors priced in the negative sentiments that followed…

  • NCBA Launches New Financing and Cashless Solutions for PSV Sector

    James Karinga, Deputy Director & Head of Asset Finance and Insurance Premium Financing. PHOTO/@NCBABankKenya/X NCBA Bank has announced new financing and digital solutions aimed at transforming Kenya’s public transport sector. The announcement was made on Wednesday, September 10, 2025, during a special engagement with PSV SACCO officials at the Swiss Lenana Hotel in Nairobi. The…

  • HassConsult: Kenya Tops Global Property Returns in 2025

    The firm attributes Kenya’s performance to a unique feature of the local market: most homes are bought in cash rather than through loans. Kenya’s housing market is outpacing the world, delivering investment returns that have left traditional property giants like the United States, the United Kingdom and Singapore trailing. A new Special Report by real…

  • Mantrac, Caterpillar Celebrate a Century of Business in Kenya

    Mohamed Ibrahim, Mantrac Kenya’s managing director, opened the event by emphasizing the company’s commitment to supporting the nation’s future growth. Mantrac Kenya, the local representative for heavy equipment manufacturer Caterpillar, marked a major milestone this week, celebrating a century of the company’s global operations and its presence in Kenya. The centennial event, held on Tuesday, brought…

  • Gov’t spends Sh1.1 billion annually to maintain e-Citizen – PS Belio Kipsang

    Immigration and Citizen Services Principal Secretary Dr Belio Kipsang has revealed that three companies were competitively contracted to maintain Kenya’s e-Citizen platform, the government’s flagship digital service delivery system. Speaking in an interview on NTV, Kipsang defended the selection, emphasising that the firms were chosen through a proper procurement process and had the expertise needed…

  • Co-operative Bank achieves updated ISO/IEC 27001:2022 certification

    Co-operative Bank of Kenya has successfully transitioned to the updated ISO/IEC 27001:2022 standard, achieving the updated global benchmark for information security management systems. The bank was awarded the certification by BSI, the business improvement and standards company, at a handover ceremony held at Co-operative Bank House on Friday, 5th September 2025. The certification followed an…

  • History as Ethiopia opens $5 billion Africa’s largest hydroelectric dam

    The Grand Ethiopian Renaissance Dam (GERD). PHOTO/Getty Images Ethiopia has entered into history books after opening Africa’s largest hydroelectric dam. The dam which was constructed at a cost of USD5 billion is known as the Grand Ethiopian Renaissance Dam (Gerd). The wall of the dam stretches 1.78 kilometres which is equivalent to 1.1 miles across…

  • Documents you need to have before starting a simple restaurant business

    A food joint is one of the smartest business ideas you can start in Kenya. While it’s a very competitive venture, a simple restaurant can give you some good money with a good customer flow. A good customer flow will be determined by various factors such as hygiene level, location, prices, and the quality of…